Taiwan is looking to double its exports of chips and electronics to India within the next five to seven years, as demand from the U.S. continues to push smartphone shipments from India.
Industry estimates show India’s smartphone exports to the U.S. surged nearly 40 percent year on year to 8.43 billion dollars in the first five months of the fiscal year starting in April, with Apple’s iPhones driving most of the growth.
“Electronic industries are driving the growth of trade between our two countries,” said James C. F. Huang, chairman of the Taiwan External Trade Development Council, during the Taiwan Expo trade fair. “I believe in the next five to seven years, the trade and investment which we have in India can double.”
So far, major Taiwanese firms have invested about 5 billion dollars in Indian manufacturing. Last year, Powerchip Semiconductor partnered with Tata Electronics in an 11 billion dollar venture to build India’s first AI-driven chip plant in Gujarat under a 10 billion dollar government incentive scheme. Earlier this year, Apple supplier Foxconn announced a 1.5 billion dollar investment in its India unit as it continued to shift production away from China.
Huang dismissed concerns about potential risks from higher U.S. tariffs on Indian goods, saying, “I don’t think it’s going to affect Taiwan-India trade relations or investment relations,” noting India’s strong domestic market and new opportunities in electronics, petrochemicals and textiles.
Several Taiwanese companies are bringing in more components from Taiwan and developing local supply chains in India. Taiwan’s exports to India crossed 10 billion dollars in 2024, led by chips, electronic parts and machinery, compared to just 4 billion dollars five years ago, according to official data.
While India and Taiwan do not have formal diplomatic ties, both nations have steadily strengthened their commercial relationship, with New Delhi actively seeking more investment from the island, a leading global chip producer.
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