Taiwan electronics manufacturing cluster to come up in B'luru

Posted By: GizBot Bureau

    Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) today signed a pact with Karnataka Industrial Areas Development Board (KIADB) for establishing Taiwan Electronic Manufacturing Cluster (TEMC) here with an investment of USD 500 million.

    Taiwan electronics manufacturing cluster to come up in B'luru

    The state Minister for Large & Medium Industry R V Deshpande had an interaction with TEEMA's 21 member delegation, led by Francis Tsai, Executive Director, TEEMA for establishing TEMC manufacturing facility in the 100-acre Devanahally IT park, according to an official release.

    SEE ALSO: Samsung Independence Day Offer In India: Here are the top 10 picks for smartphones

    The meeting was "fruitful" with TEEMA agreeing to sign an MoU with KIADB today in this regard, with an indicative investment of USD 500 million, it said. Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) was founded 65 years ago in 1948.

    The MoU is to establish Phase-I of 'Taiwan Electronic Manufacturing Cluster' (TEMC), Bengaluru, a manufacturing facility in Devanahally IT park with a proposed future expansion in another 800-1,000-acre industrial park near Bengaluru, it added.

    SEE ALSO: The Best Smartphones you can Buy for Under Rs 2,500 in India Right Now

    TEEMA will also set up a training and incubation centre in IT park with focus on providing employment to more than 20,000-30,000 people once the TEMC becomes operational, it added. The Karnataka government and all its authorities will facilitate for the same on a fast-track basis so that the TEMC becomes operational in the "shortest time", the release added.

    Source PTI

    Read More About: electronics

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more