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India wasn’t a favorite for Taiwanese investors

India’s PLI scheme encourages local companies to team up with makers from Taiwan and South Korea, and it has helped local companies forge partnerships with Wistron, Pegatron and Foxconn. The Asian ICT supply chain, which has played second fiddle to big US companies for three decades, is being presented with new opportunities by the emerging markets in Asia and the changing supply-demand structure. If they seize the business opportunities in ASEAN and South Asia, their partnerships with local companies may be able to reshape their corporate strategies and cycles.