Taipei mayor: India is emerging market with great potential for Taiwan

Taipei Mayor Ko Wen-je said India is a great emerging market for Taiwan, calling on Taiwan’s capitalists to tap into the market and avoid over-investi (By Central News Agency)

TAIPEI (Taiwan News)--Taipei Mayor Ko Wen-je (柯文哲) said on Sunday that India is a great emerging market for Taiwan, calling on Taiwan’s capitalists to tap into the market and avoid over-investing in China.

Ko made the statement in an industrial forum held in India, which was also attended by representatives of many Taiwanese and Indian companies as well as India’s tycoon Krishna Kumar Modi.

Ko said that over-investment in China is risky and suggested that Taiwanese capitalists not put all eggs in one basket. He said currently there are less than 100 registered Taiwanese companies in India, which means India is an emerging market with great potential for Taiwan.

However, Vicky Tseng (曾薰儀), director of PChome's marketing and investor relations department, who also attended the forum, said that the cultural difference is so big and whether India’s infrastructure can meet investors’ needs is also questionable.

An attendant who didn’t want to be identified said that the government’s southbound policy is aimless. Conversely, Modi said he likes Taiwan’s environment and would like to partner with Taiwanese enterprises.

Ko said Taiwan is ranked 40th in terms of investment in India, which does not match with Taiwan’s economic prowess, adding that 40 percent of Taiwan’s overseas investment is located in China, which is risky, saying he agrees with the policy of spreading out the investment.