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Taiwanese firms keen on electronics hub at Neemrana

Source : IANS
Last Updated: Tue, Sep 25, 2012 05:30 hrs

Neemrana (Rajasthan), Sep 25 (IANS) After a Japanese zone in this industrial town, some 120 km from New Delhi, a Taiwanese business team is keen on setting up an electronics hub here, as Rajasthan has agreed to consider some special incentives for the project.

The proposal was made by Terry Lee, Taiwan's deputy director general in the Department of Investment Services, ministry of economic affairs, who had led a business delegation from his country that concluded its visit to this town late Monday.

"We had a similar experiment by Taiwanese companies in Philippines. It proved to be successful. That same experiment can be replicated right here in Rajasthan," Lee said after the visit, and meetings with top officials.

He said the facilities and the investment climate, showcased to them by the officials of industrial catalyst, Rajasthan State Industrial development and Investment Corp (RIICO), proved that Neemrana was conducive to Taiwanese capital.

The delegation members said Taiwanese electronics companies could explore manufacturing

bases here, particularly in the area of solar power equipment, as their government was keen on promoting clean energy and Rajasthan had immense potential in this area.

"We may consider some special incentives to the Taiwenese industry. Neemrana already has a special Japanese zone, and this is a success story in Rajasthan, and for India," said Rajendra Bhanawat, managing director of RIICO, after making a presentation.

"This zone is being expanded by another 500 acres."

According to Bhanawat, the Neemrana-Bhiwadi-Khuskhera zone was the first node designated under the Delhi-Mumbai Industrial Corridor and that the state was working on direct road link between them to facilitate commerce, as opposed to the current route via Haryana.

"This is the right time to invest in this region, since the skyline of the area would be totally different in five years. Once the direct link is established it will benefit all industries in the zone," he said.

In the delegation, 30 were members of Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), a representative body of 3,700 companies. Also in the team were members from Taiwan's textiles, banking and rubber industries.

TEEMA Director Francis Tsai said they looking at India favourably. There were issues of logistics, supply chain and subsidiaries to be looked into. A decision would be taken after a formal survey of Neemrana in these aspects, he said.

They were also invited to participate in three international fairs in state capital Jaipur between November and February next year -- Vastra-2012 on textiles, CeraGlass India 2012 and India Stonemart 2013.




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