Bengaluru – Taiwan’s Allegiance Group has announced an investment of 1,000 crore in a new India-Taiwan Industrial Park in Karnataka, expected to generate approximately 800 direct jobs. The facility will focus on electronics and semiconductor manufacturing, strengthening India’s domestic supply chain and supporting the government’s flagship “Make in India” initiative.
“This investment demonstrates confidence in India’s regulatory environment, skilled workforce, and economic stability,” said the industry analysts. The park aims to attract high-tech firms, enhance domestic semiconductor capacity, and reduce dependency on imports for critical electronics components. (livemint.com)
Taiwan has been a global leader in semiconductor manufacturing. By investing in India, Allegiance Group is tapping into a fast-growing Asian electronics market, positioning India as a viable alternative to China for electronics production. This move is expected to:
- Deepen cross-border collaboration between Indian and Taiwanese technology firms
- Boost global supply chain resilience, especially in electronics and semiconductors
- Encourage further foreign direct investment (FDI) in India’s high-tech sector
The Industrial Park will also include R&D facilities, training centers, and innovation labs, supporting startups and scale-ups in electronics and AI-enabled hardware. Experts predict that India could emerge as a regional hub for semiconductor exports within the next decade.
