India, a sleeping giant is awakening! India, a new superpower and counterweight to China!
"... many countries that don’t formally recognize Taiwan are finding new ways to enhance diplomatic and economic linkages with Taipei, and India may be the most important among them.
In recent years, largely outside the headlines, India and Taiwan have quietly developed a robust economic relationship coupled with an expanding mélange of political interactions. In December 2021, the two countries began negotiations on Free Trade Agreement, with a special focus on developing India into a semiconductor manufacturing hub. According to Taiwan envoys to India, bilateral trade hit new records in 2021 at over $7 billion, and over 120 Taiwanese companies are operating in India with cumulative investments over $2.3 billion. This year, the State Bank of India raised $300 million issuing Taiwanese “Formosa bonds,” the first Indian commercial entity to do so. ..."
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