Taiwanese team explores investment options in India

GREATER NOIDA: A 35-member Taiwanese delegation led by its Economic Affairs Vice Minister John Chin Shen visited Greater Noida's sector Ecotech VI and VII today to explore setting up an electronics manufacturing cluster in the city.

A Memorandum of Understanding (MoU) has already been signed between Uttar Pradesh Development System Corporation Ltd (UPDESCO) and Taiwan Electrical and Electronics Manufacturers Associations ( TEEMA) on August 13, 2015 for establishment of electronic cluster at Greater Noida.

Land measuring 210 acres has already been allotted for the cluster and an initial amount of over Rs 200 crore is expected to be invested at the cluster by TEEMA.

Chung Kwang Tien, Ambassador, Taipei Economic and Cultural Centre in India; Francis Tsai, Chairman, India Committee, TEEMA and other industry leaders from Taiwan were in the delegation.

Rama Raman Chairman, Noida, Greater Noida and Yamuna Expressway Industrial Development Authority said the city has international level infrastructure and manpower is available in abundance due to presence of technical universities and other professional institutes in Greater Noida.

He said Greater Noida is a pioneer in privatization of electricity distribution system since 1993 and assured uninterrupted power supply to the cluster and assured to act as facilitator with other organizations as and when required.