TAIPEI (Taiwan News) – The Taiwan External Trade Development Council (TAITRA) signed Memoranda of Understanding (MoU) with two different Indian trade organizations on Jan. 24, reports RTI.
TAITRA inked agreements with both the India Trade Promotion Organization (ITPO) as well as the Engineering Export Promotion Council of India (EEPC India).
Manufacturing industry sector in Indonesia at this time is suspected to be back to the growth phase. This situation is of course very welcomed by the domestic manufacturing industry companies, thus making them re-excited ramped up production.
The nation’s machine tool exports rose 15.1 percent year-on-year in the first 11 months of the year, thanks to improving sentiment in the sector’s major markets, the Taiwan Machine Tool and Accessory Builders’ Association (TMBA, 台灣工具機暨零組件公會) said on Monday.
From January through last month, machine tool exports totaled US$3.02 billion, up from US$2.62 billion the previous year, data compiled by the Taichung-based association showed.
Product Launch at Manufacturing Indonesia 2017(Dec. 6th)
Hall A3216-3317, Jakarta International Expo (JIExpo) Kemayoran, Jakarta
Jakarta, December 6th 2017 – Indonesia’s domestic manufacturing industry is still showing positive gains in business expansion, driven by increased demand from domestic and export markets. According to the Indonesian Ministry of Industry, Indonesia’s purchasing managers index (PMI) stood at 50.4 in September 2017. They are optimistic that the industry’s growth until the end of 2017 is still good as the investment realization from various industrial sectors.
TAITRA, the Taiwanese machine tool association, recently hosted a global group of journalists for a tour of the Taiwanese machine tool industry. On that trip, our major question was: what does Taiwan have to offer in this area, and where does Taiwan rank relative to the major machine tool manufacturing nations such as Germany and Japan?
If you work with machine tools such as turning centers, 5-axis CNC mills, or grinding machines, you probably have some preconceptions about the quality of different machine tool manufacturers. Who makes a more accurate machine: Germany or Japan? Across the globe, whether it’s automobiles, electronics or industrial machine tools, some nations have a reputation for quality, precision and durability.
The major new development is creation of Taiwania Capital Management, a government-backed venture-capital operation.
Among the seven industries targeted in the government’s “5+2 Industrial Innovation Program,” the one starting with the strongest foundation is smart machinery.