K'taka govt, Taiwan's Allegiance Group sign MoU to establish industrial technology innovation park
Bengaluru (PTI): Karnataka government on Friday signed an MoU with Allegiance International Co Ltd of Taiwan to establish an Indo-Taiwan Industrial Technology Innovation Park (ITIP) in the state, with a proposed investment of around Rs 1,000 crore.
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, Minister for Electronics, IT & BT Priyank Kharge, and senior officials.
The project will be undertaken by the Allegiance Group with a proposed investment of around Rs 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 IT&BT Minister's office said in a statement.
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.
Key highlights of the MoU include establishment of a world-class industrial park to house Taiwanese firms in electronics and semiconductor sectors; development of a robust supply chain ecosystem for components, PCBs, and chip design; creation of high-value jobs and skill development programmes in collaboration with academic institutions; and promotion of technology transfer and global best practices to enhance India's competitiveness in electronics manufacturing.
CM 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," he said.
Minister Priyank Kharge said Karnataka has led India's technology revolution and continues to dominate in innovation, deep-tech talent, and semiconductor design.
"This partnership will accelerate our efforts to build a robust electronics and semiconductor ecosystem. We are committed to creating a level playing field and ensuring that Karnataka remains the preferred destination for global investors in advanced technologies," he said.
Lawrence Chen said, "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."
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Jarkiholi is my colleague, don’t see us as enemies: DK Shivakumar
Bengaluru: Karnataka Deputy Chief Minister DK Shivakumar has stated that Satish Jarkiholi and he are colleagues and not enemies.
Speaking to presspersons here, Shivakumar questioned the media for portraying tension between the two leaders. “It is true that Satish Jarkiholi and I met at a wedding last night. We discussed the state and the party. Satish Jarkiholi and I are colleagues. Why do you see us as enemies?” he asked.
Shivakumar was responding to queries near the new Karnataka Industrial Areas Development Board (KIADB) office on Thursday.
When asked about Jarkiholi’s visit, he said, “We attend cabinet meetings in the afternoon, we meet for dinner, we meet for breakfast in the morning; these interactions are normal. In politics, friendship, relationships, and closeness always exist.”
He added, “Now, M.B. Patil and I spoke for about an hour about how to attract investors to the state, how Andhra Pradesh and Tamil Nadu are competing with us. A global conference will be held in Telangana soon, and we discussed how Karnataka should compete at the global level. It is natural to discuss the state’s progress this way.”
Speaking about the inauguration of the new KKRDB office, he said, “Businessmen in Karnataka should be respected. Their work should be facilitated, officers’ visits should be convenient, and files should be cleared quickly. The state government has built a new KKRDB office under the leadership of M.B. Patil. They had been in a rented building for so long; now they have their own office. It is close to Vidhana Soudha, bus and railway stations.”
When mediapersons asked about, leader of opposition, R. Ashoka’s comments regarding the Upalokayukta report that allegedly shows 63% corruption in the state, Shivakumar retorted, stating that, “It’s a pity that R. Ashoka doesn’t know the time period the report covers. Let him first read the report. Let him raise the issue in the session, and we will answer there.”
On whether a date has been fixed for the all-party delegation’s visit to Delhi, he said, “We still need to discuss it. The Union Minister said he is busy with the Parliament session, so we postponed the meeting scheduled for December 8. He had written a letter about this. The Prime Minister has a meeting with Prahlad Joshi. Nirmala Sitharaman has to introduce a bill that day. Somanna also said he will not be able to attend. A date will be fixed that is convenient for all of us.”
