The Karnataka government has assured Taiwan businessmen that it will provide space for a dedicated ‘Taiwan Park’ near Bengaluru.
The assurance from the state government comes after a delegation representing 10 businesses from Taiwan met the Karnataka Minister for Large & Medium Industries & Infrastructure Development, R. V. Deshpande, Industry Commissioner Gaurav Gupta and Karnataka Udyog Mitra (KUM) Managing Director Shivakumar.
Interacting with the Industries Minister, JHY Group CEO, Cooper, said a lot of mid-size industries are planning to set up manufacturing units and are expected to invest around $1,000 million in Karnataka in the next two years.
Deshpande told the visiting Taiwan business delegation that the state government is planning a hardware tech park near Devanahalli. He also gave them the option of Vemgal in Kolar district.
Jagadeesh Bhat, a chartered accountant assisting the Taiwanese said, “The delegation of 10 companies represents automotive, plastic injection and moulding, machine tools and consumer goods, among others."
“Taiwan industrialists are the oldest investors in China and are now looking at broadening their investments and exploring setting up a base in India,” Bhat added.
JHY recently set up a factory in Malur taluk. “The company has sought a dedicated ‘Taiwan Park’ near Bengaluru. The minister has assured he would give an option soon,” Cooper said.