Press Release Summary = Most Taiwan based IT companies today have recognized India as a potential market for there products and computer peripherals and is eyeing the nation as a major investment destination. In a Taiwan Brand Promotion event organized in Delhi today many senior representatives of the world's largest ICT OEM manufacturers participated, who agreed on the point that India is offering the best opportunity for growth to Taiwan's IT manufacturers and the Taiwanese investment in the field of IT is expected to grow manifold by 2010.
Press Release Body = Most Taiwan based IT companies today have recognized India as a potential market for there products and computer peripherals and is eyeing the nation as a major investment destination. In a Taiwan Brand Promotion event organized in Delhi today many senior representatives of the world's largest ICT OEM manufacturers participated, who agreed on the point that India is offering the best opportunity for growth to Taiwan's IT manufacturers and the Taiwanese investment in the field of IT is expected to grow manifold by 2010.
Representative, Taipei Economic & Cultural Centre in New Delhi, Andrew J Kao stated, "India is being seen as potential and enlightened IT market. Thus, it is catching lots of attention from Taiwan based IT companies, which are looking forward to an intense investment in the IT industry here."
The event was a great success and was attended by great dignitaries including Director, Taipei World Trade Center, Mumbai, Thomas Chang; Representative, Taipei Economic & Cultural Center in New Delhi, Andrew J Kao; Past President, Manufacturers Association of Information Technology (MAIT) & Chairman and Managing Director, D- Link India Ltd. K R Naik; Executive Director, Vinnie Mehta, MAIT and senior representatives from companies like Acer, ASUSTeK, BenQ, Gigabyte, Hi-Touch Imaging Technologies and MSI.
Speaking on the occasion, Executive Director, Manufacturers Associations of Information Technology (MAIT), Vinnie Mehta said, "It is a situation where both Indian IT market and Taiwan based companies need each other and need to bring themselves to a point of convergence which will be beneficial for both."
India is currently Taiwan's 25th largest trading partners. Bilateral trade between the two countries reaches US $ 2.5 billion for 2005 as compared to US % 1.92 billion in the year 2004. The Taipei World Trade Centre (TWTC), government agencies, associations and chambers are gearing up to assist Taiwan ICT business and manufacturers to reinforce their competitiveness in India.
Taiwan's IT manufacturers produce 75 percent of the world's computer peripherals, branding itself as the "IT manufacturer centre". Some of these giants- Acer, Asus, BenQ and BenQ and D-Link have already a strong presence in India.
In the years Taiwan has become a leading maker of notebook computers, LCD monitors and motherboards. Taiwan also has maintained its presence in the global production share of wireless LAN, Optical storage devices, Game Consoles, ADSL modems, Network products and servers.
Chairman and Managing Director, D- Link India Ltd. K R Naik commented, "From a manufacturing hotbed to a world class technology exporter Taiwan has experienced a great growth pattern, which is appreciable in every way."
The global brand value of the leading companies has risen significantly from the last year, with Asus and Acer remaining at the top for the 3rd consecutive year. D-Link, the end to end networking solutions provider for consumers and business is the leading networking company in the small-to-medium business (SMB) segment with a #1 market share position in worldwide connectivity. Apart from these other brands, other leading participants were Micro Star International, Hi Touch Imaging Technologies and Giga Byte.
An exhibition of latest technology products was also organized in which all the big vendor companies from Taiwan participated.
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