Government of India has approved an agreement for cooperation with Taipei in the field of micro, small and medium enterprises (MSMEs). The Union Cabinet, chaired by Prime Minister Narendra Modi, gave nod to the MoU between India-Taipei Association (ITA) in Taipei and the Taipei Economic and Cultural Center (TECC) in India. The agreement provides a structured framework and enabling environment to the MSME sector of the two parties to understand each other’s strengths, markets, technologies, policies etc.

The pact also contains an agreement between the two parties to enable their respective MSMEs to participate in each other’s trade fairs/exhibitions and to exchange business delegations with the other party.

Taipei

• Taipei is the capital city and a special municipality of Taiwan.
• Taipei is the political, economic, educational, and cultural center of Taiwan, and one of the major hubs of the Chinese-speaking world.
• The region known as the Taipei Basin was home to Ketagalan tribes before the eighteenth century.
• Like the rest of Taiwan, Taipei is composed of four major ethnic groups: Hoklos, Mainlanders, Hakkas, and aborigines.
• Tourism is a major part of Taipei’s economy.