The Hindu Business Line : Tatas in talks with Taiwan to set up Taj hotel in Taipei

Mumbai, Feb. 10 The Tata Group is in talks with the Taiwanese Government to open a Taj group hotel in the capital city Taipei and to source electronic goods for its Croma stores.

A trade team from Taiwan led by Ambassador Mr Wenchyi Ong met top executives of Tata group, including Mr Alan Rolsing, Executive Director of Tata Sons.

“Lots of Indian tourists are visiting Taiwan. Setting up a five-star hotel in Taipei holds good prospects. I think Tata group is interested in this project,” said Mr Ong.

Mr Ong said the Taiwanese delegation had discussions with Tatas to source electronic goods from Taiwan for its electronic retail chain Croma.

Currently, most of the sourcing for Croma is from mainland China. Only a few Indian companies are sourcing from Taiwan. HCL has been sourcing IT components from Taiwan for 10 years and is expanding its business with the country.

Chip manufacturing

Another area of co-operation which came up during the discussion between Tata Group and Taiwanese delegation was semiconductor manufacturing. Taiwan is globally one of the leading players in chip-making and has good export business with countries, including India.

“Down the road India has to develop its own semiconductor industry. For that, the natural partner will be Taiwan. A big group like Tatas can take initiative in this regard,” Mr Ong said.

Taiwan Semiconductor Manufacturing Corporation had conducted a feasibility study two years ago on setting up a chip-making facility in India.

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