NEW DELHI: Taiwan will be establishing the ‘Taipei Economic and Cultural Centre’ (TECC) in Mumbai to expand mutually beneficial trade and investment opportunities between Taipei and New Delhi.
“In recent years, cooperation between Taiwan and India has witnessed significant progress in numerous domains, including economics and trade, science and technology, In light of this development, the Taiwan government will establish the Taipei Economic and Cultural Center (TECC) in Mumbai in order to further deepen exchanges and cooperation between the two countries,” the Ministry of Foreign Affairs, Taiwan stated in a press release.
In 2012, TECC was set up in Chennai, after which nearly 60 per cent of all Taiwanese businesses investing and opening factories in India have chosen to develop their operations in southern India.
