The Karnataka government has signed an MoU with Taiwan-based Allegiance International to establish an India–Taiwan Industrial Technology Innovation Park (ITIP) to bolster the state’s electronics and semiconductor manufacturing ecosystem.
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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 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.
Taiwan-based Allegiance Group on Thursday signed up with the state government proposing to invest Rs 1000 crore in an India-Taiwan Industrial Park (ITIP) focused on electronics and semiconductor manufacturing.
The reasons are many. Bengaluru scores high marks across all segments of the technology industry, such as IT services, startups, GCCs, and semiconductors, according to Bengaluru Innovation Report 2025, presented jointly by the Karnataka government, Startup Karnataka, K-Tech, 3one4 Capital, and Karnataka Digital Economy Mission.
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Information technology major Infosys said the power of Agentic AI is reshaping the very structure of Global Capability Centres (GCCs) by shrinking effort and time and altering how work, workforce, and workplace capabilities are designed. Satish H.C., executive vice president and chief delivery officer at Infosys, told Moneycontrol in an interview that earlier GCC engagements were centred on traditional vectors like leadership, people, and partner enablement.
“If I have 1,000 people worth of work today, maybe I do not need to recreate that with 1,000 people when I set up a GCC. Maybe I need 600 people, and the remaining 400 can be agents,” he said.
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India’s fast-expanding Global Capability Centre (GCC) ecosystem seems to be entering a decisive new phase as multinational companies increasingly tap domestic IT service providers for co-innovation, rapid capability build and AI-driven transformation. A new industry report from IT industry body Nasscom, R Systems and Oliver Wyman shows that GCCs are evolving far beyond their traditional captive roots, with service providers emerging as core partners across strategy, engineering and operations in 2025.
Department for Promotion of Industry and Internal Trade (DPIIT) secretary Amardeep Singh Bhatia on Wednesday cautioned industry to present “realistic” demands while seeking relaxation in regulations aimed at ease of doing business. What warning did DPIIT secretary Amardeep Singh Bhatia give industry on deregulation?“Let us be realistic. While the industry wants certain regulations to go away, there’s a larger public purpose of safety, of ensuring there is orderly development. That purpose should not be lost,” Singh said at an industry event organised by industry lobby group CII.
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The IT Ministry has cleared seven projects worth 55.32 billion under the Electronics Manufacturing Clusters Scheme (EMCS) to produce key components, including multi-layer PCBs, camera modules, copper-clad lami- nates, and polypropylene films. Expected to generate 7444.06 billion in output and over 5000 jobs, this follows Minister Ashwini Vaishnaw’s earlier note that EMCS has attracted 71.15 trillion in investment proposals.
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The Telangana Rising Global Summit next week near Hyderabad is set to draw well known names from the world of business, entertainment, sports besides thought leaders and members of diplomatic corps. The two-day event the State government is organising will witness signing of several agreements for projects across sectors with multi-billion estimated cumulative investments.
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