BENGALURU - The Indian government has rolled out the red carpet for investors from Taiwan in its bid to become a global manufacturing hub that rivals China, offering subsidies, cheap land and incentives to attract semiconductor and electronics manufacturers to the South Asian nation.
However, India’s efforts to woo Taiwanese firms that are looking to diversify their operations outside the Chinese mainland have run into hurdles such as infrastructure gaps, bureaucratic delays and competition from Vietnam and Thailand.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you