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Indian delegation to visit Taiwan for pact study

2012/07/21 19:35:07

New Delhi, July 21 (CNA) An Indian delegation will arrive in Taiwan Sunday for a week-long visit as part of an ongoing feasibilitystudy for a possible economic cooperation agreement between the twocountries, officials said Friday.

According to the delegation's leader, Rajat Kathuria of the Indian Council for Research on International Economic Relations, the team will interview several Taiwanese businesses during the trip to gain a better understanding of local sectors.

The Indian council is conducting the two-year study along with Taiwan's Chung-Hua Institution for Economic Research (CIER).

The two organizations will jointly hold a seminar on the current situation and the outlook regarding economic cooperation between the two countries in Taipei on July 24.

Kristy Hsu, an associate research fellow at CIER, said the two organizations will exchange their initial research results while the Indian delegation is in Taiwan from July 22-29.

In an interview on Friday, Kathuria said that both sides have chosen six potential areas for future cooperation, including logistics, information communication technology, food processing, automobiles and related components, distribution and retail, and human resource development.

However, bilateral trade ties are still in the early stage, said Kathuria, who is set to take over as head of the Indian council on Sept. 1.

Taiwan's strength in technology and manufacturing and India's experience in service and software development are complementary features, Kathuria said, adding that the ongoing study will shed more light on possibilities in exploring these features.

The study can hopefully help to discover issues that are preventing the amount of investments between Taiwan and India from growing, despite an increased interest by Taiwanese companies as indicated by the rising number of visits to India, he added.

The study began after CIER officials visited India in January 2011 and signed a memorandum of understanding to conduct the research. A Taiwanese research team also made a trip to the South Asian country in August that year.

Another Indian team is scheduled to visit Taiwan in October for more field research, Kathuria said, adding the final report of the studies will be published in New Delhi next February.

(By Ho Horn-ru and Kay Liu)