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Why India is a ‘good choice but not the first choice’ for Taiwan companies
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Apple's CEO Tim Cook and senior vice-president of retail and people Deirdre O'Brien at the inauguration of India's first Apple store in Mumbai in April.
PHOTO: REUTERS
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.
