Allegiance International from Taiwan will set up an India-Taiwan Industrial Park (ITIP) in Karnataka with an investment of Rs 1,000 crore.

The park will host Taiwanese companies focusing on electronics and semiconductors, helping to develop a supply chain ecosystem for components, PCBs, and chip design in the state. This collaboration will enhance Karnataka’s standing as a key destination for electronics system design and manufacturing (ESDM) in India and boost the semiconductor ecosystem. The state government signed a memorandum of understanding (MoU) with Allegiance International, marking the start of the project.

The agreement was signed by Rahul Sharanappa Sankanur, Director of the Department of Electronics, IT, BT, and Lawrence Chen, VP of Allegiance Group, with Chief Minister Siddaramaiah and Minister for IT and S&T Priyank Kharge in attendance. Chief Minister Siddaramaiah stated, “The ITIP will attract cutting-edge technology and investments, creating opportunities for our youth and strengthening India’s position in the global value chain.”