2022-12-01
The "2022 Taiwan-India SME Cooperation Forum" Promotes Business Opportunities Linking
Bilateral Medical Devices Clusters
In order to expand business opportunities in the medical devices industry in Taiwan
and India, SMEA of MOEA and Ministry of MSME, Government of India jointly held the
"2022 Taiwan-India SME Cooperation Forum" at the Nangang Exhibition Center on Thursday,
December 1. This forum focused on medical devices to invite bilateral clusters and
SMEs for the exchange of business opportunities. From India, Mr. B. B. Swain, Secretary
of Ministry of MSME, led a delegation of high-level officials and ten SMEs to Taiwan
for discussion and exchange with SMEs in Taiwan. With economic growth leading the world, India is the fifth largest economy and the
third largest consumer market in the world. This year (2022), India has even cultivated
more than one hundred Unicorn enterprises. In pursuance of the goals of the New Southbound
Policy, SMEA of MOEA held the SME Joint Working Group Meeting with Ministry of MSME,
Government of India in January this year, successfully deepening the bilateral partnership.
Then, on December 1, we co-hosted the "Taiwan-India SME Cooperation Forum" to actively
promote business opportunities linking bilateral medical devices clusters. Dr. Chin-Tsang
Ho, Director General of SMEA, MOEA, said in his opening remarks that Taiwan's medical
devices industry contributes the advantages of reliable supply chain, cooperative
industry clusters, startups groups, and effective patent deployment. Its production
value has therefore grown year after year. Indian companies can make good use of Taiwan's
world-leading supply chains to develop high-tech medical devices and satisfy the huge
internal demand of the Indian medical devices market. Mr. Swain, Secretary of Ministry
of MSME, said in his opening remarks that India, with its growing medical devices
market and high-level human resources, is willing to cooperate with Taiwan to jointly
explore business opportunities in the global medical devices market. During the forum,
representatives of both the medical devices clusters from Taiwan and India expressed
a strong willingness to cooperate. The representative of the medical devices cluster
in Southern Taiwan Science Park noted that the cluster can assist Indian SMEs of medical
devices coming to Taiwan in conducting tests and verifications, and in connecting
with supply chain partners. The representative of the medical devices cluster AMTZ
in India explained that the cluster can assist Taiwanese SMEs of medical devices in
exploring verification fields, meeting business partners, and setting up production
lines in India with preferential schemes. The "2022 Taiwan-India SME Cooperation Forum" successfully deepened the bilateral
partnership between Taiwan and India and achieved the cooperation outcomes of business-to-business,
cluster-to-cluster, and capacity-building in the bilateral medical devices industry.
These achievements successfully assisted SMEs of medical devices in Taiwan in expanding
their market internationally and, at the same time, strategically accessing the global
medical devices market representing US$490 billion annually in business opportunities. For further details, please contactSpokesperson: Ms. Chia-Ying WuDeputy Director General, Small and Medium Enterprise Administration, MOEA02-2366-2202mariawu@sme.gov.twPress Contact: Ms. Yi-Shan ChungSection Chief, Small and Medium Enterprise Administration, MOEA02-2366-2251ischung@sme.gov.tw
