Taiwanese firms plan to invest $200 mn in Greater Noida

Lucknow, June 10 (IANS) The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) will invest $200 million in electronic manufacturing sector in Greater Noida, an Uttar Pradesh government official said on Wednesday.

A seven-member delegation of the association led by TEEMA president Francis Tsai met Uttar Pradesh chief secretary Alok Ranjan on Tuesday and expressed their desire to invest in the state.

Other members of the delegation John Ko, John Lin, Dingo Ku, Gary Liu, GJ Lee and Sanjay Sony, representing Taiwanese giants like D-Link, CTCI Corp, Winston Corp, told state officials they were influenced by the incentives being offered by the Uttar Pradesh government and would like to avail of the opportunity.

Assuring his government’s full support in project implementation of Taiwanese firms, Ranjan told the delegation that incentives were available under the state’s infrastructure and industrial investment policy and electronic manufacturing policy of the state and it shall be extended to them.

He also asked the representatives of TEEMA to make a formal proposal with necessary support required from the state government.

TEEMA presidentp Francis Tsai informed the officials that a group of industries from Taiwan was willing to invest in establishing an electrical and electronics manufacturing cluster in Greater Noida.

Apart from basic facilities like banks, recreation centres, incubation centres and skill development facility will also be set up in the proposed cluster. TEEMA is facilitating the establishment of project.

Francis Tsai said, “This initiative of bringing Taiwanese businesses in electronics segment will give boost to electronics manufacturing in Greater Noida and Noida.”

He said TEEMA was looking for major investment by Taiwanese companies in Uttar Pradesh, who would manufacture electronics parts for major manufacturing firms.

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