Tai­wanese Leg­is­la­tors en­gage with In­dian MPs & busi­ness lead­ers

FICCI Business Digest - - News -

Adel­e­ga­tion of Mem­bers of Par­lia­ment from Tai­wan, led by Bi-Ling Kuan, Leg­is­la­tor and Pres­i­dent of Tai­wan-India Par­lia­men­tary As­so­ci­a­tion vis­ited India in Fe­bru­ary 2017. The del­e­ga­tion mem­bers in­cluded Leg­is­la­tors Man-li Chen; Yu-chin Wu; Am­bas­sador Chung Kwang Tien, Rep­re­sen­ta­tive of Taipei Eco­nomic and Cul­tural Cen­tre and se­nior of­fi­cers. This was the first women's par­lia­men­tary del­e­ga­tion to India since the new gov­ern­ment of ROC (Tai­wan) took charge in Taipei in 2016. FICCI or­gan­ised an in­ter­ac­tion with the del­e­ga­tion on Fe­bru­ary 14, 2017 with Mem­bers of Par­lia­ment from India and se­nior rep­re­sen­ta­tives of in­dus­try. The dis­cus­sion was chaired by K K Modi, Past Pres­i­dent, FICCI and Chair­man, Modi En­ter­prises. He said that India and Tai­wan shared good re­la­tions es­pe­cially since 1990 in­clud­ing strength­en­ing of eco­nomic and peo­ple-to-peo­ple ex­changes. He high­lighted Tai­wan's ex­per­tise in in­for­ma­tion tech­nol­ogy, elec­tron­ics and ed­u­ca­tion as key ar­eas of col­lab­o­ra­tion.

Am­bas­sador Chung Kwan Tien men­tioned that India was an im­por­tant part­ner for Tai­wan to take up joint projects in var­i­ous sec­tors. He men­tioned four key ar­eas in India-Tai­wan part­ner­ship as eco­nomic co­op­er­a­tion, shar­ing of ex­pe­ri­ence, ed­u­ca­tional co­op­er­a­tion and closer re­gional link­ages.

Leg­is­la­tor Bi-Ling Kuan ap­pre­ci­ated the part­ner­ship be­tween Tai­wan and India and said that it sym­bol­ised a tree which grows and flour­ishes with time. She men­tioned the ex­pand­ing fo­cus of Tai­wan to key Asian mar­kets, in­clud­ing India and added that FICCI could be the bridge to con­nect Tai­wan and India and cre­ate ad­di­tional op­por­tu­ni­ties for the busi­ness com­mu­nity of the two sides.

Har­ish Chan­dra Meena, MP, BJP, had led a del­e­ga­tion of In­dian Mem­bers of Par­lia­ment to Tai­wan in Au­gust 2016. Dur­ing the visit, the MPs had in­ter­acted with se­nior leg­is­la­tors in Tai­wan and dis­cussed the ro­bust eco­nomic re­la­tions be­tween India and Tai­wan and the way for­ward, es­pe­cially in new ar­eas of co­op­er­a­tion. He high­lighted trade (India of­fers a big mar­ket), tourism (In­dian tourism is vi­brant and of­fers huge op­por­tu­ni­ties) and ed­u­ca­tion (Tai­wan has qual­ity and sci­en­tific ed­u­ca­tion which India can learn from) as po­ten­tial ar­eas of co­op­er­a­tion be­tween India and Tai­wan.

He men­tioned the need for bank­ing and fi­nan­cial links and co­op­er­a­tion in hos­pi­tal­ity sec­tor and added that India en­joys a spe­cial re­la­tion­ship be­tween East and West Asia and can act as a fa­cil­i­ta­tor for trade.

P.D Rai, MP, Sikkim Demo­cratic Front, men­tioned that Tai­wan had very high qual­ity of R&D. Hence, col­lab­o­ra­tions must be in­ten­si­fied in the ar­eas of robotics, ar­ti­fi­cial in­tel­li­gence and ge­nomics.

Rahul Kaswan, MP, BJP, fo­cused on ca­pac­ity build­ing and said that the 'Skill India' pro­gramme of the Gov­ern­ment of India should be one of the ar­eas of part­ner­ship.

R Rad­hakr­ish­nan, MP, All India N R Congress, and erst­while speaker of the Union Ter­ri­tory of Puducherry As­sem­bly, said that Tai­wan was one of the old­est man­u­fac­tur­ing and trad­ing so­ci­eties. He sug­gested col­lab­o­ra­tion be­tween think tanks of the two coun­tries so that best minds can come to­gether to iden­tify and pro­pose fu­ture ar­eas of co­op­er­a­tion.

Other points of dis­cus­sion

Bi­lat­eral trade be­tween India and Tai­wan in­creased five times since 2000 to reach USD 7 bil­lion in 2014. Tai­wanese in­vest­ments are also ris­ing in India across sec­tors in­clud­ing steel, tele­com and in­for­ma­tion tech­nol­ogy Both sides have ex­panded ed­u­ca­tional ex­changes af­ter a mu­tual de­gree recog­ni­tion agree­ment in higher ed­u­ca­tion that was signed in 2010 Tsai, Pres­i­dent of RoC (Tai­wan), em­pha­sised on deep­en­ing ties with South Asia and South­east Asia - as a part of her 'New South­bound Pol­icy'

Key Take­aways

There is a need to ex­plore co­op­er­a­tion in the ar­eas of robotics, geo­nomics and ar­ti­fi­cial in­tel­li­gence Bi­lat­eral In­vest­ment Agree­ment (2002) needed to be up­dated and there is a need to speed up the process of ne­go­ti­a­tion so that the agree­ment ad­heres to the new pol­icy en­vi­ron­ment A reg­u­lar in­ter­ac­tive mech­a­nism to ex­change ideas was re­quired

Tai­wanese Leg­is­la­tor, Im­dian MP’s and in­dus­try lead­ers.

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