Taiwan Electrical and electronic manufacturers’ Association (TEEMA) has signed an MoU with the Karnataka Industrial Area Development Board (KIADB) to set up a $500-million Taiwan Electronic Manufacturing Cluster (TEMC) near Bengaluru.
The cluster will come up on 100 acres of land near Devanahalli IT Park with a proposed future expansion to another 800 to 1,000-acre industrial park.
Tsai said TEEMA, set up in 1948, has been focussing on computer IT, communication, semiconductors, optoelectronics, consumer electronics, household electric appliances and heavy electric machinery.
The association members also supply to global majors such as Apple, Samsung, and most of the Indian electronic and hardware companies.
Currently, it has about 3,000 members and the total amount of capital investment so far is around $52,639.5 million with an employee strength of 7.63 lakh.
“Here we are keen to participate in various government initiatives under the Digital India and Skill India pogrammes,” Tsai said.
Potential investors Tsai said the following companies have shown interest in investing in India: Getact Technology, Mobiletron Electronics, Tyohm Electronics, Cal-Comp Electronics & Communications, CTBC Bank, CTCI Corp, CINDA Engineering, FongKai Electronic Tech, Rheamed Biotech and Waffer Technology.
Speaking to reporters after signing the MoU, K Ratna Prabha, Additional Chief Secretary to Commerce and Industries Department, said the Taiwanese delegation had visited Bengaluru in June and expressed interest in investing in the State.
“TEMC will be a milestone as it will help make the State an electronic and hardware manufacturing hub,” she said.