Activities Round Up

Date : 25 Sep to 30 Sep 2014
Place : Taiwan
Organised by : FISME

FISME leads a business delegation to Taiwan to explore potential

In order to explore the potential for the Indian small and medium entrepreneurs in the Taiwan market, industry body Federation of Indian Micro and Small & Medium Enterprises (FISME) led a business delegation to Taiwan.

FISME, which has a network of more than 700 associations, led the business delegation to Taiwan from September 25-30.

The main objectives of the visit was to interact and network with the Taiwanese companies participating in the 14th Edition of Tapei Plas 2014, an international show for plastics and rubber industry, visit factory and industrial park visits; one-to-one business meetings and market visits.

Joint Secretary of FISME, Mukesh Kalra, who led the delegation said, “The delegation was led with the view to interact with the Taiwanese companies to explore opportunities for collaboration and investment.”

“We visited the factories and industrial parks to get a better understanding of the technology and skills of the Taiwanese industries. We also held B2B meeting and visited the local markets to explore the potential for exports from India,” he added.

The visiting entrepreneurs were Mr Dodeja Dayal, Proprietor, Raj Packaging; Mr Jignesh Gala, Proprietor, R K Bags; Mr Chandrashekhar Gokhale, Director, Jai Polyforms & Mould Pvt Ltd; Mr Anil Naik, Director, Anil Plastics & Enterprises.

The visit of the FISME delegation comes in the wake of growing trade between India and Taiwan to further expand business collaborations between the two sides to mutual benefit.  

Taipei PLAS is a bilingual industrial trade show that co-hosted by TAITRA (Taiwan External Trade Development Council) and TAMI (Taiwan Association of Machinery Industry) that has been running for 14 editions. 

This year the exhibitor reached 530, using 2670 booths, that Taiwanese plastics and rubber manufacturers did their best in showcasing their quality, innovation and ratio to attract buyers.

Taipei Plas 2014 closed on September 30 with an estimated business opportunity of USD 200 million. There were 2,730 international visitors. Top 10 leading visiting countries include China, Japan, Malaysia, Indonesia, India, Thailand, Philippines, U.S.A., Singapore and Vietnam. 

Taiwan is the 5th largest economy in Asia and 16th largest economy in the world. Taiwanese companies control over 90 per cent of the market share in many ICT parts. It also has some of the leading companies in other sectors such as food processing, electronics, chemicals, pharmaceuticals, auto parts, gems and jewellery, textiles, machinery & machine Tools, Real Estate & Infrastructure, General Trading, etc.