The Taiwanese government plans to hire workers from India. The Taiwanese government anticipates that these workers will support key industry needs and boost its economy. Both nations plan to finalise a job pact by December.
By 2025, Taiwan is set to become a predominantly aged society, with over a fifth of its population, that is, 20 per cent, comprising elderly people. The country has witnessed a major dip in unemployment since 2000, and a recent decision aims to achieve and sustain a $790 billion economy target. It is looking towards the youth of India to make up for the lack of young talent.
This formal agreement between the two countries will allow Indian workers to reside in Taiwan for a maximum of three years. They are allowed to bring their families with them. The Taiwanese government has assured that these workers will receive benefits at par with their Taiwanese counterparts, including paid leave, a minimum wage and social security.
About one lakh workers from India will be sent to Taiwan by December, to be employed at factories, farms and hospitals.
India is entering into a mobility agreement with developed nations experiencing a shortage of workers. It has successfully entered into similar formal agreements with 13 countries, such as the UK, Japan and France. Additionally, negotiations are underway to establish such arrangements with Greece, Netherlands, Denmark and Switzerland.
