7 months ago
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The Allegiance International Co. Ltd. of Taiwan volition found an India-Taiwan Industrial Park (ITIP) successful Karnataka with an concern of ₹1,000 crore.
The ITIP volition location Taiwanese firms that are focused on electronics and semiconductor and lend to the improvement of a proviso concatenation ecosystem for components, PCBs, and spot plan successful the State.
According to the Department of Electronics, IT, BT and Science and Technology, this collaboration volition fortify Karnataka’s presumption arsenic India’s starring destination for Electronics System Design and Manufacturing (ESDM) and accelerate the maturation of the semiconductor ecosystem successful the State.
The State government on Friday signed a Memorandum of Understanding with The Allegiance International Co. Ltd arsenic an archetypal measurement towards implementing the project. The MoU was signed by Rahul Sharanappa Sankanur, Director, Department of Electronics, IT, BT, and Lawrence Chen, VP, Allegiance Group, successful the beingness of Chief Minister Siddaramaiah and Minister for IT and S&T, Priyank Kharge.
Speaking connected the occasion, the Chief Minister said, “The ITIP volition pull cutting-edge exertion and investments, creating opportunities for our younker and strengthening India’s presumption successful the planetary worth chain.”
Mr. Kharge said Karnataka has led India’s exertion gyration and continues to predominate successful innovation, deep-tech talent, and semiconductor design.
