Three Taiwanese machine tool firms to invest in India

Submitted by alvin on Tue, 2016-07-19 16:55 Bengaluru: Three Taiwanese machine tool companies, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company, will soon set-up shop in India,announced Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries on Tuesday. Tongtai Machine Tool Company; the biggest manufacturer of special machines, will be setting up a Technical Research Center in North India and open the India office in Hyderabad. The Fair Friend Group, the world leading industrial holding conglomerate with over 80 companies, will invest and tie-up with an India-based company. Chain Headway Machine Tool Company, the leading tools and accessories suppliers, will collaborate with local dealers to develop high speed toolbars and cutters in the country. Speaking on the occasion, Charles C. Li, Director General, Taipei Economic and Cultural Center said, “The AIEMA, Taiwanese expo generated keen business interest and attracted the best machine tool companies from Taiwan to invest in India. Through TWTC we are enabling the best of India and Taiwan to correspond and engage through strategic alliances that will benefit both the nations. We are extremely keen on supporting the Indian government’s programme ‘Make in India’.”