Taiwanese firms willing to explore Indian market
The Dollar Business Bureau Technology companies from Taiwan are optimistic about the Indian market, specifically the Smart City project and are exploring business opportunities in the country. Speaking at an event in New Delhi on Tuesday, Scott Yang, Deputy Executive Director, Taiwan External Trade Development Council, said that FDI in India has increased considerably over the past two years, which is grabbing the attention of companies across the globe. Several companies from Taiwan shared brief presentations about their products at the event. “The Government of India’s Smart City project offers huge opportunity for collaboration between Taiwan and India," he added. To explore business opportunity in India, around 47 Taiwanese companies have been participating in the 2nd Smart Cities India 2016 Expo, which is from May ...
Asus to make smartphones in India; partners Foxconn
Source : PTI Asus on Thursday said it has partnered with Foxconn to begin local manufacturing of smartphones in Sri City in Andhra Pradesh, a move that will help the Taiwanese tech major bolster its presence in the burgeoning Indian handset market. The company, which will kickstart manufacturing operations with Zenfone 2 Laser followed by ZenFone Go, aims to manufacture 1.5 lakh smartphones a month by the end of the current financial year. This will account for almost 80% of sales in India. No financial details were, however, disclosed. “India offers us a huge opportunity as smartphone penetration is just 10%. We are excited to announce our local manufacturing facility that will cater to the growing demands of the market,” Asus India ...
