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Taiwan's IT success story
Taiwan's IT industry has been a major success story. In terms
of sales, it has the highest turnover of any industry sector
on the island. Production of information hardware alone ranked
fourth in Taiwan in 2002 at US$47.8 billion. Globally,
Taiwan's information hardware sector ranks fourth after the
US, mainland China and Japan.
In terms of product categories, notebook PCs
and monitors (including CRTs and LCD types) led the way with
$24.1 billion in total product-value in 2002, or half of all
hardware produced. With LCD screens becoming almost essential
for PCs, sales of the thinner types have taken off. The annual
average increase has been 71.7 percent over the last two
years, with LCDs overtaking CRTs in 2002 to lead the market.
Computex also featured a range of industry
seminars and forums. During one of the forums Gopal Srinivasan,
director of TVS Electronics Limited, a hardware manufacturer
and a member of India's TVS Group, urged Taiwan companies,
especially small and medium enterprises, to take advantage of
India's business process outsourcing capabilities and
electronic design prowess.
"Taiwan's SMEs can improve their efficiency by
establishing service centers in India to take care of their
European and U.S. customers," said Srinivasan. "Since the
European market takes up the lion's share of Taiwan companies'
overseas sales, Taiwan businesses should consider setting up
shop in India, which is situated at the middle point between
Taiwan and Europe, as maintenance bases for the Western
European market."
Srinivasan said the large, skilled and low-cost
labor force in India makes it an ideal place for electronic
design outsourcing. India' massive domestic market also offers
a golden opportunity for Taiwan companies.
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