Monday, 22 September, 2008

Taiwan IT companies to invest in India

Taiwan now looks forward to Indian shores as a market with huge potential for the ICT sector.

Thomas Chang, Director, Taipei World Trade Center announced the growing presence of Taiwan’s top 5 ICT brands in India - Acer, Asustek, BenQ, D-Link and Gigabyte. With the Indian economy surging ahead Taiwanese companies now see India as a market with a huge potential for ICT products. Acer, Asustek, BenQ, D-Link and Gigabyte are some of the top ICT companies that have presence in India. These companies have significantly increased the value of their brands from last year, with Asustek and Acer remaining at the top for the third consecutive year.

“India is a big market for Taiwan after China and Japan. Its enormous potential is evident from the fact that 100 plus Taiwanese companies are already operating in India"

He further added, “Foxconn International Holdings Ltd have started on a plan to build an industrial park in Chennai to produce electronic connectors and components. Foxconn has invested $120 million. This is the largest hi-tech investment so far by a Taiwanese company in India and this is bound to attract some more Taiwan companies to follow in this Indian market”.
As an early participant in the technology revolution, Taiwan has become the world's largest maker of notebook computers, LCD monitors and motherboards. Taiwan also has maintained its domination in the global production share of Wireless LAN, Optical storage devices, Game Consoles, ADSL modems, Network products and Servers. Taiwanese companies are all set to explore the Indian frontiers with an all new mantra ‘Go South - to India’.

According to W.S. Mukund, Managing Director, Acer India, “Taiwan over the years has become a recognised leader in the global IT hardware industry. Acer India has its roots in Taiwan, being global has helped us bring the latest tested technology to the Indian market and establish ourselves quickly as one of the leading IT vendors in India.”