The Taiwan-based Institute for Information Industry (III) said Wednesday that it would collaborate with India's Center of Excellence in Wireless and Information Technology (CEWIT) to develop 4G broadband wireless technologies and products. The III and CEWIT signed a three-year memorandum of understanding (MOU) focusing on R&D in Taipei Wednesday, marking the first cooperation agreement between the institutes, the III said. The deal aims to help Taiwanese manufacturers become core network equipment suppliers, it said. 'With fast-growing India expected to become one of the largest 3G and 4G markets in the world, the proposed R&D cooperation is expected to assist Taiwanese manufactures to step into the giant market early,' said C.K. Lee, chief executive officer of the III. Bhaskar Ramamurthi, honorary director of the CEWIT, expressed hope that the project would help India complete its 4G deployment soon. The institutes will start with cooperation in developing 4G relay station technologies, hoping that new communication products enable Taiwan's manufacturers -- mostly focused on OEM businesses -- to earn higher profit margins by making network equipment instead of customer premises equipment, the III said in a press release. According to Taiwan's Market Intelligence and Consulting Institute, India's telecommunication markets is expected to maintain a steady growth rate of 5 percent per year -- with its market expected to top US$2.2 billion in 2012 -- to become the world's second largest 3G/4G market next to China. 'India's pace in developing 4G technologies is faster than China, and its market size is also likely to surpass China, ' an III official said. CEWIT is an independent technology research organization established in 2005 by India's Department of Information and Technology in partnership with its telecommunication industries. It aims to make India a leader in deploying 4G broadband wireless technologies. 