Luo Zhongyou, Chairman of Textile Association: Taiwan Businesses Benefit from India's Takeoff

I am honored to be invited by the Representative Office of India in Taiwan to write this article on the occasion of India's National Day. India's demographic dividend is not to be underestimated, with its annual GDP growth exceeding 7%, and even in the era of the new crown epidemic after 2022, India's GDP is expected to grow to 8.4%. Today, India's industrial textile industry is estimated to have a market capitalization of US$19 billion, contributing about 0.7% of India's GDP and accounting for 13% of the entire Indian textile and apparel industry. In addition to the Production Linked Incentive (PLI) for the electronics industry, the Central Government of India has also launched a PLI for the industrial textile industry in September 2021, which is expected to provide the industry with incentives of about US$1.5 billion over the next five years. Especially with the recent trade war between China and the U.S. intensifying, Taiwan's textile industry has begun to consider relocating the entire supply chain and investing in India's textile professional parks, with more forward-looking textile companies such as Nan Liu Enterprise, You Li Industry, and Yongguang Chemistry, all of which have begun to take practical actions to lay out their markets in India. It is worthwhile for Taiwan's textile industry to think carefully about how to move forward to India so that they can benefit from it together.

Mr. Chung-Yi Chang (from left), Chairman of the Industrial Technology Development Association of the Republic of China; Mr. Wen-Qi Weng, former Ambassador of the Republic of China to India; Mr. Chung-You Lo, Chairman of the Taiwan Industrial Textile Association; Mr. Guo-Lan Dai, Chairman of the Taipei Association of India; Ms. Ru-Yi Weng, Bamboo Economic Consultant; and Mr. Yen-Chung Huang, Vice President of the India plant of Nan-Liou Enterprises. Photo: Courtesy of the Textile Association

"In view of the importance of the Indian market to its members, the Taiwan Industrial Textile Association (TITA) has signed two Memoranda of Understanding (MOUs) with The Indian Technical Textile Association (ITTA), The Synthetic and Art Silk Mills' Research Association (SASMIRA), and has made an appointment to visit India. The Indian Technical Textile Association (ITTA) and The Synthetic and Art Silk Mills' Research Association (SASMIRA), and have signed two Memorandums of Understanding (MOUs) with each of them, and have made an appointment to visit India. In August 2019, we led a 12-member delegation from our member manufacturers to India, including South Sixth, Connah's Fragrance, Hoyo, Sibao, Liuya Technology and Textile Research Institute, to meet with the Federation of Indian Industries The ;...

The Confederation of Indian Industry (CII) signed the third Memorandum of Understanding (MOU) on industrial cooperation, which is highly valued by the Ministry of Textiles, Central Government of India.

As early as 2018, our Chairman, Mr. Ching-Shan Huang, also went to India to make preparations for the first investment in a modern non-woven fabric production plant in Gujarat State, Ahmedabad, the hometown of India's Prime Minister, Mr. Narendra Modi, where non-woven fabrics, wet wipes, and facial masks are the main products produced. It is expected that the production capacity will be fully opened in 2022, and Nanliu will become a model for Taiwan's textile industry to enter the Indian market.

On March 24, 2021, the Association, together with the India Taipei Association (ITA), organized a seminar on "Investment Opportunities in India", with a focus on the North East Region (NER) of the seven northeastern provinces.

In order to strengthen the industrial connection between Taiwan Industrial Textile Association (TITA) and the seven northeastern provinces of India, on March 23-24, 2022, TITA has proposed the "14th International Symposium on Industrial Textiles" and invited Secretary, Ministry of Development of North Eastern Region, India Government, Shri Lok Ranjan IAS, to join hands to promote the bilateral industrial cooperation between Taiwan and India. Eastern Region, India Government, Shri Lok Ranjan IAS, to promote bilateral industrial cooperation between Taiwan and India. We earnestly hope that Taiwan can catch the wind of India's take-off and fly higher and farther, so that the bilateral relationship between India and Taiwan can be closer and create a win-win situation. Finally, I wish India a joyous National Day and peace and prosperity!

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