New Delhi, October 20, 2020, Tuesday
Both India and Taiwan are unhappy with China's grandeur and this has led to growing closeness between the two countries.
Amid rising tensions with China, talks are likely to begin in the coming days between India and Taiwan. Taiwan has been keen on building trade ties with India for years but the Indian government has been avoiding the issue. Was not ready to take.
However, at a time when China is threatening both India and Taiwan over its customary grandstanding, there is a section in the government that is now in favor of a trade deal with Taiwan. This will help attract more investment in electronics. However, it is not yet decided when the final decision on negotiations will be taken.
Earlier this month, the Indian government approved a number of companies to manufacture smartphones in the country, including Taiwan's Foxgone Group. If it can start trade relations with India, it will have a big win. Even India has not formally recognized Taiwan. However, trade between the two countries stood at 7. 7.2 billion in 2019, even without any official trade deal.
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