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Gandhinagar: The Taiwanese company has signed a memorandum of understanding (MoU) with the Gujarat government to build an Indo-Taiwan industrial park in Sanand-Dholera with an investment of Rs 100 crore. This comes at a time when Gujarat is becoming a popular place for semiconductor manufacturing and projects worth over Rs 1.24 lakh crore are already being built in the state.
The state government has taken an important step to speed up the process of making Gujarat a semiconductor hub, in line with the goals of the India Semiconductor Mission. This is thanks to the visionary leadership of Prime Minister Narendrabhai Modi.
The state government’s Science and Technology Department and Allegiance International Company Limited signed a memorandum of understanding (MoU) in Gandhinagar on Friday to give it more momentum under the leadership of Chief Minister Bhupendra Patel.
Science and Technology Minister Arjunbhai Modhwadia was there when this MoU was signed. Simon Lina, Vice President of the Taiwan Chamber of Commerce in India and Chairman of the Allegiance Group, and P. Bharti, Secretary of Science and Technology for the State Government, both signed the MoU.
Under this MoU, Allegiance International Company Limited will help Indian and Taiwanese businesses work together to set up shop in India.
To do this, an Indo-Taiwan Industrial Park will be built in Sanand-Dholera, and Taiwanese companies will invest Rs. 100 crore, mostly in the semiconductor and electronics sectors. Over Rs 1,000 crore in foreign direct investment (FDI) and about 12,000 new jobs in five years are the goals.
This will make Gujarat’s partnership with Taiwan even stronger and allow the manufacturing ecosystem to support companies that make semiconductors and their related ecosystems, electronics, electric vehicles, robotics, and other supply chain industries.
The signing of this MoU was also attended by the Chief Minister’s Principal Secretary Sanjeev Kumar, Additional Principal Secretary Dr. Vikrant Pandey, Mission Director of State Electronics Mission Neha Kumari, and officials from the Taiwan Chamber of Commerce.
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