Chief Minister Siddaramaiah, with officials of Allegiance International, a Taiwanese firm, in Bengaluru.
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The Allegiance International Co. Ltd. of Taiwan will establish an India-Taiwan Industrial Park (ITIP) in Karnataka with an investment of ₹1,000 crore.
The ITIP will house Taiwanese firms that are focused on electronics and semiconductor and contribute to the development of a supply chain ecosystem for components, PCBs, and chip design in the State.
According to the Department of Electronics, IT, BT and Science and Technology, this collaboration will strengthen Karnataka’s position as India’s leading destination for Electronics System 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 an initial step towards implementing the project. The MoU was signed by Rahul Sharanappa Sankanur, Director, Department of Electronics, IT, BT, and Lawrence Chen, VP, Allegiance Group, in the presence of Chief Minister Siddaramaiah and Minister for IT and S&T, Priyank Kharge.
Speaking on the occasion, the Chief Minister said, “The ITIP will attract cutting-edge technology and investments, creating opportunities for our youth and strengthening 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 – December 05, 2025 09:05 pm IST
