The Taiwan Telematics Industry Association signed a memorandum of understanding with the Automotive Component Manufacturers Association of India in New Delhi aimed at strengthening bilateral industrial cooperation and exchanges.
The MoU was signed by Paul Chou, TTIA secretary-general, and Vinnie Mehta, ACMA director-general, on behalf of the two sides at the ACMA-sponsored New Delhi Automotive Summit.
Tien Chung-kwang, Taiwan’s representative to India, and Girish Shankar, India’s deputy minister of heavy industries and public enterprises were present at the moment.
The accord aims to augment technological cooperation and promote bilateral trade between Taiwan and India. The MoU aims to help the two associations work closely with each other in areas such as market information, personnel and technology, as well as on the formation of relevant industrial standards for connected vehicles and telematics.
India being a huge market and current government’s endeavor towards the initiatives like smart city has been attracting the companies working in this and associated fields to look optimistically towards India.