Taiwan is keen to pump investments into India, particularly in the Information Technology sector, and hopes the Double Taxation Avoidance Agreement will be signed by the year-end to help in this regard. The East Asian nation, over which China lays its claim, also wants to contribute its expertise in agriculture and food processing in India besides encouraging Indian students to go<br/>for efficient but cost effective higher education in Taiwan. The Taiwanese Representative in India Wenchyi Ong said trade between India and his country is too meager because of absence of political and diplomatic relations for long and emphasised the need to give a speedy push to this aspect. He said, the economies of India and Taiwan are highly compatible and both the sides have to try to push the economic ties in every way. There was scant interaction between India and Taiwan from 1949 to 1995. The relations got some momentum from 1995 when Representative Offices of the either country were set up in Delhi and Taipei. Wenchyi noted that Indo-Taiwan trade is just 5.3 billion dollars, accounting for mere one per cent of Taiwan's total foreign trade. Identifying IT as one of areas that have tremendous potential for growth, Wenchyi said, Taiwan has expertise in manufacturing while India has excellence in designing and these strengths need to be synergised. He said, Taiwan is also ready to offer expertise in the food processing sector, which could be used in rural areas of India so that losses of food produce during transportation is reduced. He added that it will also help create jobs in rural areas.