Taiwan firms shift supply chains to India from China: Trade body chief

Taiwan firms are shifting supply chains to India from China, as Taipei and New Delhi strengthen economic ties, the head of the island’s key trade body told Reuters, as global trade tension rises among major economies.

Trade conflict between the United States and China drove up Taiwan’s foreign direct investment (FDI) in India to more than $665 million in the five years to 2023, said James Huang, chairman of the Taiwan External Trade Development Council.