EB @ TAITRONICS ’17, Day 3: Goodwill Instruments & Tenmars Electronics set to enter India

- Advertisement -
- Advertisement -

The third day of Taitronics’17 saw some good footfalls and business interactions happening at the Taipei International Exhibition Centre.

The highlight of the day was the 1-to-1 B2B meeting between Indian and Taiwanese dignitaries. However, dignitaries from other parts of the world were also a part of the B2B meet who expects to come up with some good business opportunities from this year’s meet.

- Advertisement -

A lot of international players are coming up with new investment opportunities and expansion plans regarding their India business since they believe India has emerged as one of the fastest growing countries in the electronics industry ecosystem with humongous opportunities. In an exclusive interaction with Electronics Bazaar, we came across certain companies who are ready to explore the Indian electronics ecosystem further.

“India is a huge market for our T&M products. Indian customers tend to opt for low price products and right now that is one big challenge we need to overcome, however quality consciousness among Indian buyers are increasing gradually. We have 6 – 7 distributors in India who sell our products but going ahead we are planning to increase our distributor base in India. Within next three years we are targeting to acquire 3 more distributors in India”, said Biing Liu, General Manager, Tenmars Electronics Co. Ltd.

“We consider India to be a very important market for us right now because the prime minister of India is promoting manufacturing in India to a great extent which in turn in ushering in a lot of foreign investments in various SEZ areas in India. Many Taiwanese companies are also setting up their manufacturing base in India because of this initiative was undertaken by India”, said Peter Wang, Marcom specialist, Goodwill Instrument Co. Ltd.

He further said, “We are planning to expand our India office very soon. Right now, we have an office in New Delhi and we are planning to open another office in India in a different state and for that, we are sending many engineers from our side to India to explore the market well before we start off afresh. As of investments are concerned in terms of our products, we are continuously investing to upgrade our existing product line at present”. However, the spokesperson denied disclosing the name of the state which they are targeting for their new office.

Talking about GW Instek’s distribution channel in India, Yu-Ju Liao, Director, Wireless Communications R&D Department, Communication BU said, At present, we have around 20 distributors in India but we are looking forward to joining hands with few more once we open our new office in India. We are aiming to tie up with maybe around 10 more distributors down the line and have a total of 30 distributors for our India business. We expect them to be aware of the India market and the probable pros and cons before we build the trust relationship with them”.

-By Baishakhi Dutta

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a ÂŁ15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...