Taiwan has sought trade talks with India for several years, but Prime Minister Narendra Modi’s government has been reluctant to move ahead because it would involve a messy fight with China once any pact is registered at the World Trade Organization, according to a senior Indian government official who asked not be named, citing rules for speaking with the media.
Yet over the past few months the hawks in India who want to start trade talks are getting the upper hand, the official said. A trade deal with Taiwan would help India’s goal of seeking greater investments in technology and electronics, the official said, adding that it’s unclear when a final decision would be made on whether to start talks.
Earlier this month, Modi’s government gave approval to firms including Taiwan’s Foxconn Technology Group, Wistron Corp. and Pegatron Corp. as he looks to attract investment worth more than 10.5 trillion rupees ($143 billion) for smartphone production over five years.
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