Karnataka Signs MoU with Taiwan’s The Allegiance Group to Establish India-Taiwan Industrial Park.

The Department of Electronics, IT, Bt and S&T, Government of Karnataka, has signed a landmark Memorandum of Understanding (MoU) with Taiwan’s The Allegiance International to establish an India–Taiwan Industrial Park (ITIP) in the state. The project, to be executed by The Allegiance Group, involves a proposed investment of around ₹1,000 crore and is expected to generate approximately 800 direct jobs over the next five years.

The ITIP will act as a dedicated hub for Taiwanese companies in electronics and semiconductors, promoting advanced manufacturing, research and development, and innovation. The collaboration aims to strengthen Karnataka’s position as India’s premier destination for Electronics System Design and Manufacturing (ESDM) and accelerate the growth of the state’s semiconductor ecosystem.

Chief Minister Siddaramaiah said the partnership represents a major step toward Karnataka’s vision of becoming a global hub for electronics and semiconductor innovation. “The ITIP will attract cutting-edge technology and investments, create opportunities for our youth, and strengthen India’s position in the global value chain,” he added.