Major electronics companies located in Taiwan have planned to establish a manufacturing base in the Indian city of Bengaluru. The Karnataka government has set up space for the plants near Devanahalli international airport, according to official reports.
Ratna Prabha, the Industry Secretary for Karnataka, told the state’s reporters that they can expect firms from Taiwan to invest nearly US$500 million to install production facilities in a cluster allotted to them, close to the airport.
An agreement has been signed between the Taiwan Electrical and Electronic Manufacturers’ Association and the Karnataka government. TEEMA is an apex body that comprises nearly 3,000 firms. The cluster formed near Devanahalli airport will be named Taiwan Electronic Manufacturing Cluster (TEMC).
Prabha added in the report that more than 20,000 jobs will be created in the TEMC after it is completed.
The chairman of TEEMA’s India Economic and Trade Committee, Francis Tsai, said that Karnataka has the right set of assets, the right people, the right governance, and the right talent to make TEMC a success. He added that TEEMA is not going to conduct small scale operations. The organization will test the waters for now and holds good faith and confidence in Karnataka to help in their expansion in the near future.
Two companies have already taken 40% of the land in TEMC. A training and incubation center will be established by TEEMA in the TEMC. The cluster itself is expected to be fully operational within a year.
The largest industry in Taiwan is the electronic industry. Its net worth is US$300 billion, Tsai said.
Karnataka is taking all measures to impress Xiaomi and Foxconn, the two Chinese electronic giants, so that they will establish their bases in TEMC. Other companies approached by Karnataka are Waffer Technology, MobileTron Electronics, and Getac Technology Corporation. Karnataka is expecting substantial investments from them for the TEMC.