A senior level delegation led by the Additional Secretary of India’s Ministry of Information Technology (IT) is visiting Taiwan from May 31 to June 3, 2010. The delegation includes representatives from the country’s Ministry of IT, Department of Commerce, Ministry of Commerce and Industry, Department of Science and Technology, the Government of Gujarat State, Enfield Infrastructure SEZ, Kolkata, the Export Promotion Council for SEZs, Reliance Haryana SEZ, Seer Akademy Pvt. Ltd Hyderabad, Senior Officials from Indian States, as well as Senior Industry Representatives representing a cross-section of the Electronic Industry in India.

The main objectives of the delegation are to explore the possibility of cooperation between the IT industries of India and Taiwan, and promote Taiwanese investments in IT hardware manufacturing in India. As Transcend is one of the leading IT companies in Taiwan, the delegation visited Transcend on May 31 to understand its operations and future plans. During the visit, the Indian delegation also conducted a brief presentation about the Indian IT industry and investment opportunities.

“Transcend is honored to host the high-level IT delegation and exchange views on current affairs and future collaborative opportunities”, said Austin Huang, Sales Director of Transcend Asia. He also underlined that India is an attractive country for investment and that Transcend has had huge success and market acceptance in India in recent years. “In addition, more and more Indian IT companies are now realizing the importance of the memory industry and want to tie up with Transcend for further cooperation,” said Mr. Huang.

“The visit to Taiwan is to strengthen understanding and to seek further cooperation between Taiwan and India,” said Mr. Rakesh Singh, the Additional Secretary of India’s Ministry of Information Technology. Mr. Rakesh Singh also proposed to increase international trade of IT products such as PCs, networking components and memory products in the future.

India is the seventh-largest country by geographical area and the second-most populous country with over 1.1 billion people. The purchasing power of India is currently ranked No.4, and Indian consumers purchase more than one million personal computers on average every year. In 2009, India’s nominal GDP stood at US$1.243 trillion, which makes it the eleventh-largest economy in the world. With an average annual GDP growth rate of 5.8% for the past two decades, the economy is among the fastest growing in the world.