Taiwan electronic manufacturing to set up cluster in Bengaluru


The government of Karnataka has announced that it has signed an agreement with the Taiwan Electrical and Electronic Manufacturers Association (TEEMA). The aim is to create a Taiwanese electronic manufacturing cluster near the airport in the city.  

According to the reports, the investment is expected to be US$ 500 million and the investments will begin in the next six to nine months. TEEMA represents a little over 3000 companies.  

Francis Tsa, chairman, India Economic and Trade Committee wants to start operations in a short lead time and he finds the state absolutely ready and developed for starting a factory.  

According to Kaushik Mukherjee, the state government’s chief secretary, Karnataka had emerged as a preferred investment destination for information technology firms.