The Department of Electronics, IT, Bt and S&T, Government of Karnataka, has announced the signing of a landmark Memorandum of Understanding (MoU) with The Allegiance International of Taiwan to establish an Ind—Taiwan Industrial Park (ITIP) in Karnataka. This Project will be undertaken by The Allegiance Group with a proposed investment of around ₹1,000 crore, leading to the creation of about 800 direct jobs via the companies setting up operations in ITIP over a period of 5 years.
The ITIP will serve as a dedicated hub for Taiwanese companies in Electronics and Semiconductors, fostering advanced manufacturing, R&D and Innovation. This collaboration aims to 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.
Speaking on the occasion, Chief Minister Siddaramaiah said, “This partnership marks a significant step towards realising Karnataka’s vision of becoming a global hub for electronics and semiconductor innovation. The ITIP will attract cutting-edge technology and investments, creating opportunities for our youth and strengthening India’s position in the global value chain.”
The MoU signing underscores Karnataka’s commitment to Make in India, Atmanirbhar Bharat and the India Semiconductor Mission, paving the way for sustainable growth and global partnerships.
Lawrence Chen, VP, Allegiance Group of Taiwan, added, “We are excited to collaborate with Karnataka, a State known for its technology leadership. The ITIP will be a catalyst for Taiwanese companies to expand in India and contribute to the growth of the semiconductor and electronics ecosystem.”
The MoU was signed by Rahul Sharanappa Sankanur, IAS, Director, Department of Electronics, IT, Bt and Mr. Lawrence Chen, VP, Allegience Group in the august presence of Chief Minister of Karnataka, Siddaramaiah, Minister for Rural Development & Panchayati Raj, Electronics, IT & Bt, Priyank Kharge and Dr. Manjula N., IAS, Secretary, Electronics, IT, Bt, Government of Karnataka.
Published on December 5, 2025