TAIWAN offers to setup hardware units in Punjab

Chandigarh, July 12, 2013: C.K. Tien, Representative of Taipei Economic and Cultural Center in India today called on Punjab Deputy Chief Minister Sukhbir Singh Badal and called for strengthening trade and industrial between Punjab and Taiwan.

Tien informed Deputy CM that Taiwan has a strength in computer hardware industry, food processing industry and solar power and Taiwan and Punjab industrial entrepreneurs could work out joint ventures in these areas. Expressing the desire of Taiwan to set up their hi-tech hardware industry in Punjab, Tien said that an industrial delegation from Punjab could interact with industrial entrepreneurs of Taiwan to work out mutual industrial arrangements. He said that Taiwan was visualising Punjab as next industrial hub as Punjab being third power surplus state with world class road and air connectivity, has the real potential of industrial growth.

Inviting Taiwan to setup their industrial ventures in Punjab, Badal offered them to setup a separate “Taiwan Electronic City’ in Punjab where units from Taiwan could set up their base. He said that Punjab was emerging as Textile hub and Textile machinery units of Taiwan have their captive consumers in the state. He said that Taiwan with expertise in polymer manufacture could setup its polymer units near Bathinda refinery as this refinery would provide them raw material with its residue. He said that new industrial policy of Punjab was most industrial friendly policy as Punjab with smooth industrial relations was the right state to invest.

Expressing his desire to strengthen its trade ties with Punjab and he said that his visit to this state was a step forward to strengthen these ties. Kevin Y.C. Chen, Commercial Secretary, Taipei Economic and Cultural Center in India, Michael Huang, CEO Branch Manager and a delegation of industrialists also accompanied the Taiwan representative.

MEANWHILE, another report from Chandigarh said:

A six-member high level delegation led by the Representative, Taipei Economic & Cultural Center in Delhi Mr. CK Tien today called on Punjab Chief Minister Parkash Singh Badal and evinced keen interest in the food processing and information technology (IT) sector thereby making huge investments in setting up joint ventures in these fields.     

Disclosing this here today a spokesperson of the chief minister’s office said that Tien apprised the chief Minister that Taiwan had age old ties with India since long spanning over 150 years.  He said that Taiwan had a well knit network of food processing and IT industry and the entrepreneurs there in these spheres could replicate their success stories in Punjab as there was huge potential of growth in both IT as well as agro-processing industry. 

The Chief Minister assured the visiting delegation that the state government would provide all possible assistance and cooperation in setting up joint ventures especially in food processing as Punjab had a strong agriculture base being pre-dominantly as an agrarian state.   Likewise, state lucrative an investor-friendly investment policy would also help the prospective industrialists and investors to invest in Punjab, which had a bright future besides now the state was being looked at as the most preferred investment destination not only in the country but across the globe also. 

Later the delegation also called on the Food & IT Minister Adesh Partap Singh Kairon at Punjab Bhawan this afternoon and further discussed the modalities for planning investments in IT and food processing sector in view of the incentives in the latest investment policy, which had not only assured handsome returns on the investments by the investors but also taken care of all sorts of requisite permissions/ sanctions for setting up of industrial units on fast track without any hassles.  Kairon also informed the delegation that they would be entitled for far-more liberal concessions on the food processing units according to the latest investment policy with an objective to promote the state’s ambitious program of agriculture diversification. 

Tien assured the Food & IT Minister that they were planning to set up electronic city in India but shown keen desire to set up the same in the upcoming IT hub at Mohali following their detailed deliberations with both Chief Minister and IT Minister.  Likewise, he also expressed his interest to make lot of investment in food processing as they were already globally acknowledged as a key-player in the ‘Noodle’ manufacturing industry especially in China and now they were seriously contemplating to enter India particularly in Punjab for this industry as the state was the major producer of wheat and rice. 

Prominent amongst others who were present in the meeting included principal secretary IT AR Talwar, secretary food & civil supplies DS Grewal and director food processing Amit Talwar.

Karan Avtar Singh, Principal Secretary Industry and Commerce, P.S. Aujla, Principal Secretary to Deputy CM, Ajay Mahajan, Special Principal Secretary to Deputy CM were also present in the meeting. 

 

Food and Civil Supplies Minister Punjab Adesh Partap Singh Kairon presiding over a high level meeting with the delegation led by Representative, Taipai Economic and Cultural Center in Delhi C.K. Tien  at Chandigarh on Friday.