Karnataka signs MoU with The Allegiance Group of Taiwan to establish Ind-Taiwan Industrial Park

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.