Source: Taiwantrade | Updated: 28 August 2015
The Taiwan Telematics Industry Association (TTIA) recently led a group of Taiwanese telematics makers to visit Indonesia and meet with the local automotive industry community.
The business delegation led by TTIA arrived in Jakarta on Aug. 23 for a weeklong visit with Indonesia's government agencies and major enterprises. The delegation also attended prearranged trade meetings and seminars to enhance their ties with their potential local business partners.
According to one Taiwanese telematics maker, Indonesia has introduced a US$450 billion stimulus package to accelerate the nation's economic development, and this may present a promising opportunity for Taiwanese businesses.
Meanwhile, hopeful of the booming Indonesian automotive industry, this year many Taiwanese business have made the move to invest in the country, including tire makers Maxxis and Kenda.
According to one market survey, Indonesia's annual car sales is about to reach 1.2 million units (compared to Taiwan's 442,000 units in 2014), and the figure may jump to 4 million by 2025. This would imply a tremendous market for the telematics makers of Taiwan.
Hsin-ju Chang (firstname.lastname@example.org)