FICCI India Taiwan Partnership: A new FICCI report gives a strong plan for India and Taiwan to work together more closely in semiconductors, AI, and high-tech manufacturing. The report was released at the 4th India–Taiwan CEOs Round Table. The study says that with bilateral trade almost doubling in five years, the coming ten years will bring a lot of change.
The Trade Momentum is Getting Stronger
India’s trade with Taiwan will reach 11.7 billion dollars in 2024–25, up from 5.6 billion dollars in 2020–21. This is because India wants more high-tech parts and Taiwan is a star in electronics. India’s imports include a lot of semiconductor parts, which makes Taiwan an important partner in India’s digital and industrial growth.
Semiconductors: Making Value Chains Work Together
The study says that Taiwanese companies can do a lot of work to help India build up its semiconductor industry. This includes working together to make and put together chips.
- OSAT: (Outsourced Semiconductor Assembly & Testing)
- Packaging at the chip level
- chemicals used for accuracy
- tools for making semiconductors
India has also stepped up its exports of semiconductor-grade chemicals to Taiwan. This shows that the relationship is more like a partnership than a one-sided supply chain dependence.
AI and Advanced Tech: A Common Plan for Progress
- Besides semiconductors, FICCI suggests working together on AI-powered areas like electric vehicles (EVs), smart workplaces, mobility, healthcare, and cybersecurity.
- The report’s suggestion is to set up AI research and development labs that are backed by multiple sources.
- joint programs between business and academia
- changes in regulation that will make it easier to invest
- collaborations that build ability
What’s going to happen in the future
India has a lot of talent and a big market, and Taiwan is good at making things. The study talks about a “India–Taiwan Innovation Corridor” that could help both countries become more important in high-tech globally.
FAQ (Frequently Asked Questions)
1. Why does India need Taiwan to make semiconductors?
Taiwan is the best in the world at making chips, tools, and packaging. India wants to quickly scale up in these areas.
2. Which areas will get help from the AI partnership?
Manufacturing, healthcare, energy, logistics, cybersecurity, and electric vehicles are the main areas of attention.
3. Do FICCI policy suggestions exist?
Yeah. The study says that simplified approvals, fiscal incentives, and joint R&D funding methods are needed.
FICCI India–Taiwan Semiconductor & AI Partnership: Key Highlights from New Report