Allegiance Group signed a Memorandum of Understanding (MoU) with Karnataka to develop an India-Taiwan Industrial Park, creating a dedicated hub for advanced electronics and semiconductor manufacturing.
Karnataka has secured a major foreign investment with Taiwan-based Allegiance Group signing an MoU to establish a ₹1,000-crore India-Taiwan Industrial Park (ITIP) focused on electronics and semiconductor manufacturing. The agreement was signed by IT/BT director Rahul Sharanappa Sankanur and Allegiance Group vice president Lawrence Chen.
Chief Minister Siddaramaiah welcomed the investment, stating that the project will bring cutting-edge technologies to the state and enhance India’s role in the global electronics value chain.
The proposed ITIP will be developed as a dedicated zone for Taiwanese companies specialising in advanced manufacturing, R&D, and innovation. According to the state government, the park is expected to generate 800 direct jobs over the next five years and will strengthen Karnataka’s position in high-value manufacturing.
This investment comes as Karnataka intensifies efforts to expand its manufacturing footprint. Just last week, American firm Praxair India announced plans to invest ₹200 crore in its operations in the state over the next three years.
The Allegiance Group, which recently committed ₹2,400 crore for similar industrial facilities in Andhra Pradesh and Telangana, said the Bengaluru project would act as a strong catalyst for Taiwanese companies entering the Indian market. “The ITIP will help Taiwanese firms scale in India and support the growth of the semiconductor and electronics ecosystem,” said Lawrence Chen.
IT/BT minister Priyank Kharge stated that the facility will deepen India-Taiwan business ties and strengthen collaboration in emerging technologies. The project aims to build a full supply chain ecosystem, including components, PCBs, and chip design, while also encouraging technology transfer and global best practices.
Industries minister M.B. Patil noted that Karnataka has signed over 115 MoUs worth ₹6.57 lakh crore in the last two years, and continues to attract leading global manufacturers such as Tata Motors, HAL, and Bosch.
