India and Taiwan sign MoU to send Indian workers to semiconductor hub | India News – Business Standard
To further strengthen bilateral ties between India and Taiwan, a Memorandum of Understanding (MoU) was signed between the two countries on Friday to enable Indian migrant workers to find employment there.
“Taiwan-India relations are reaching a new high! The MOU on Promotion of Employment of Indian Workers signed by @TWIndia2 Rep. Ger and @ita_taipei Rep Yadav,” Taiwan’s Ministry of Foreign Affairs wrote from its official handle on X.
The MoU “promises mutual benefits” for the people of both countries, “creating a powerful momentum for even deeper and more fruitful cooperation.”
The signing of the Memorandum of Understanding comes at a time when cash-strapped Taipei is looking to expand its foreign workforce beyond its typical Southeast Asian sources.
Taiwan, a major semiconductor producer with an aging population, is home to more than 700,000 migrant workers from Vietnam, Indonesia, the Philippines and Thailand, the majority of whom work in manufacturing or as home assistants for the elderly, according to Reuters.
Citing Taiwan’s Ministry of Labor, Reuters reported that the MoU had been signed between each other’s de facto embassies in Taipei and Delhi, but implementation details had yet to be worked out.
India, like other countries, has no formal ties with China-claimed Taiwan, but there is a strong commercial partnership that aims to attract more Taiwanese technology companies to invest and produce in India.
The ministry stated that Taiwan is struggling to meet the demand for human resources in key sectors such as manufacturing, construction and agriculture, among others, resulting in an increase in demand for migrant workers year after year.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First print: February 17, 2024 | 11:23 PM IST