Taiwan plans to hire 1 lakh Indian workers as part of labour pact: Report

 Taiwan plans to hire 1 lakh Indian workers as part of labour pact: Report

Taiwan, where the unemployment rate has dropped to its lowest since 2000, will offer pay parity with locals and insurance policies to Indian workers to keep its economy afloat, according to a report.

Taiwan is looking to hire at least one lakh Indian workers in various sectors, including factories, farms, and hospitals as early as next month, according to a Bloomberg report.

The two nations are anticipated to sign an employment mobility agreement by December, reported Bloomberg. 

The decision comes as Taiwan grapples with an ageing population, necessitating a larger workforce. By 2025, Taiwan is projected to become a "super-aged" society, with the elderly constituting over a fifth of the population.

The report suggested that this labour pact could heighten geopolitical tensions with China, which has consistently opposed any official exchanges with Taiwan, a self-governed island that Beijing claims as its own territory.

Ministry of External Affairs spokesperson Arindam Bagchi confirmed that the India-Taiwan jobs pact is in its final stages of negotiation, as per the Bloomberg report. Meanwhile, Taiwan’s Ministry of Labor expressed its openness to cooperation with countries that can provide it with workers. 

Taiwan, where the unemployment rate has dropped to its lowest since 2000, will offer pay parity with locals and insurance policies to Indian workers to keep its $790 billion economy afloat.

Similarly, an earlier report stated that Israel was looking to hire one lakh workers from India in a bid to replace Palestinians who were fired from jobs after the Israel-Hamas war broke out.

According to a Voice of America (VOA) News report, Israel's construction sector confirmed it had asked its government to allow companies to hire up to one lakh workers from India to replace about 90,000 Palestinians.

In response to these reports, Ministry of External Affairs spokesperson Arindam Bagchi said that he was not aware of any specific requests on the issue yet but the initiative, if taken up, would be a long-term plan.