Chief Minister Siddaramaiah with officials of Allegiance International, a Taiwanese firm, in Bengaluru. | Photo credit:
Allegiance International Co. Ltd. of Taiwan will set up an India-Taiwan Industrial Park (ITIP) in Karnataka with an investment of ₹1,000 crore.
ITIP will host Taiwanese firms focused on electronics and semiconductors and contribute to the development of the supply chain ecosystem for components, printed circuit boards and chip design in the state.
According to the Ministry of Electronics, IT, BT and Science and Technology, this collaboration will strengthen Karnataka’s position as India’s leading destination for Electronic Systems Design and Manufacturing (ESDM) and accelerate the growth of the semiconductor ecosystem in the state.
The state government on Friday signed a memorandum of understanding with The Allegiance International Co. Ltd as the first step to implement the project. The MoU was signed by Rahul Sharanappa Sankanur, Director, Electronics, IT, BT, and Lawrence Chen, Vice President, Allegiance Group, in the presence of Chief Minister Siddaramaiah and IT and S&T Minister Priyank Kharge.
Speaking on the occasion, the Chief Minister said, “ITIP will attract cutting-edge technology and investment, create opportunities for our youth and strengthen India’s position in the global value chain.”
Mr. Kharge said Karnataka has led India’s technology revolution and continues to dominate in innovation, deep-tech talent and semiconductor design.
Published – 05 Dec 2025 21:05 IST
