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Context:

Taiwan will be establishing the ‘Taipei Economic and Cultural Centre (TECC) in Mumbai.

Objectives of TECC:

To expand mutually beneficial trade and investment opportunities between Taiwan and India.
To promote exchanges and cooperation in science and technology, education, culture, and people-to-people ties under Taiwan’s New Southbound Policy.
To provide visa services, document authentication, and emergency assistance to businesspeople, tourists, and Taiwanese nationals in the western region of India.

Additional Information:

About New Southbound Policy:

It was introduced in 2016 as a concerted effort to expand Taiwan’s presence across the Indo-Pacific.
It is designed to strengthen Taipei’s relationships with the ten countries of the Association of Southeast Asian Nations (ASEAN), India, Australia, and New Zealand.
Aim: To enhance Taiwan’s regional integration and promote the broader development of the Indo-Pacific region.

News Source: Financial Express

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