India shows new residential complex for investors

India shows new residential complex for investors

Taiwan’s trade council TAITRA on Tuesday led a group of reporters and business leaders to visit Shantigram Township, a new residential development in the Indian state of Gujarat.

The township, which can accommodate 300,000 families, was designed by the Indian company Adani. Adani hopes to attract more foreign businesspeople to the Mundra Economic Zone. The zone will also become the site for Taiwan’s petrochemical development plan. However as living quarters would be the biggest concern for foreign investors, Adani came up with Shantigram.

TAITRA head James Huang said the town will have its own hospital, shopping center, fitness center, international school and places of worship.

Huang said one can buy a brand new townhouse with a private swimming pool in Shantigram for the price of an old apartment in Taipei’s city center.

Huang said India will become the biggest market for future cooperation with Taiwan in petrochemicals, machine tools and medical equipment.