Taiwan plans To hire around 100,000 indians to address manpower shortage

In a bid to alleviate its significant manpower shortage, Taiwan is in the final stages of negotiating a labor supply pact with India, aiming to employ up to 100,000 Indian workers in various sectors, including factories, farms, and hospitals. The employment mobility agreement is expected to be signed as early as December, according to undisclosed sources. This initiative addresses Taiwan's pressing need for workers in key sectors like manufacturing, construction, household work, agriculture, and fisheries, while also offering pay parity with local employees and attractive insurance policies to the incoming Indian workforce.

Experts note that Taiwan's move stems from the challenges posed by its aging population. With falling birth rates and rising life expectancy, the country is on track to become a "super-aged" society by 2025, which could hamper economic growth prospects. Simultaneously, the labor deal holds promise for India, with millions of young individuals entering the job market annually. The Indian Ministry of External Affairs spokesperson, Arindam Bagchi, affirmed that the negotiations are reaching their conclusion, highlighting the potential for a mutually beneficial mobility partnership between the two nations.