Govt of Karnataka and the Allegiance Group of Taiwan sign MoU to establish Industrial Technology Innovation Park (ITIP)

The Department of Electronics, IT, Bt and S&T, Government of Karnataka, today announced the signing of a landmark Memorandum of Understanding (MoU) with The Allegiance International Co. Ltd. of Taiwan to establish an Ind—Taiwan Industrial Park (ITIP) in Karnataka. The MoU was signed by Sh. Rahul Sharanappa Sankanur, IAS, Director, Department of Electronics, IT, Bt and Mr. Lawrence Chen, VP, Allegience Group in the august presence of Hon’ble Chief Minister of Karnataka, Sh. Siddaramaiah, Hon’ble Minister for Rural Development & Panchayati Raj, Electronics, IT & Bt, Sh. Priyank Kharge and Dr. Manjula N., IAS, Secretary, Electronics, IT, Bt, Government of Karnataka.

This Project will be undertaken by The Allegiance Group with a proposed investment of around INR 1000 Crores, 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 ...