Karnataka’s Chip Play: ₹1,000 Cr Taiwan Partnership

The Department of Electronics, IT, Bt and S&T, Government of Karnataka, has signed a landmark Memorandum of Understanding (MoU) with Taiwan-based The Allegiance International to develop the India–Taiwan Industrial Park (ITIP) in the state. The project, to be implemented by The Allegiance Group, entails a proposed investment of about ₹1,000 crore and is expected to create nearly 800 direct jobs over the next five years.

The ITIP will serve as a dedicated hub for Taiwanese companies in electronics and semiconductors, fostering advanced manufacturing, research and development, and technological innovation. This collaboration is poised to strengthen Karnataka’s leadership in Electronics System Design and Manufacturing (ESDM) and accelerate the expansion of the state’s semiconductor ecosystem.

Chief Minister Siddaramaiah described the partnership as a significant step toward Karnataka’s goal of becoming a global center for electronics and semiconductor innovation. “The ITIP will bring cutting-edge technology and investments, generate opportunities for our youth, and enhance India’s role in the global value chain,” he said.

News by Rahul Yelligetti.