Taiwan’s agriculture heads eye India for prime opportunities
Taiwan’s Council of Agriculture, Executive Yuan (COA) has recently led six agricultural firms to exhibit in TAIWAN EXPO 2019 held in India.
This, as the flourishing agricultural demand in India has strong appeal to Taiwan’s agricultural expertise in seeds and seedling, breeding resources, planting, field management, post harvest technology and auxiliary machinery.
COA, in particular, wants to bolster the competency of Taiwan’s agritech and agri products and bring more agricultural exchanges for southbound opportunities.
Right now, agriculture plays a pivotal role in India’s national economy. The sector accounts for 18 percent of the country’s Gross Domestic Product (GDP), workforce for 58 percent of the national workforce, and 150 million hectares agricultural land for 48 percent of the country’s land area which ranks first in Asia, while the production of staple food like rice with 2.4 ton per hectare (t/ha) accounts for only 1/2 of Taiwan’s national rice yield.
The relatively high interest in Taiwan’s farming technology makes India a potential market to explore.
Among the exhibitors, Taiwan Advance Bio-Pharmaceutical produces test reagent that meets India’s local standards; TBA features high-profile agricultural machinery; Taiwan Agricultural Biotechnology produces quality fertilizer for better productivity; Sunny Garden brews highly-nutritional vinegar drinks; Naturalism Farm produces healthy food with Roselle; and Idea Technology develops a new repellent technology for vector control to prevent Zika virus.