In an interview with WION News, Joseph Wu, the Minister of Foreign Affairs talked about the increasing Taiwanese investment in India since 2016. "In 2018, we sealed an agreement with India, a bilateral investment, and that is very important for the bilateral economic relations. And we have seen, Taiwan's investment in India has been increasing. He added that the total amount of Taiwanese investment in India now stands around USD 2.3 billion, stating that “our investment in India has employed roughly 65,000 Indian people; these are good quality jobs and we will continue to do that.” He also added that many of the Taiwanese investors are now shifting from China to India and assured that the Taiwanese government will encourage and provide help to the local manufacturers who would want to invest in India.