Gujarat Government signs MoU with Allegiance International for Indo-Taiwan Industrial Park with ₹1,000 Crore FDI

Key facts

• The Gujarat government signed a Memorandum of Understanding (MoU) with Taiwan-based Allegiance International Co Ltd to develop an Indo-Taiwan Industrial Park in the Sanand-Dholera region.
• The project aims to attract over ₹1,000 crore in Foreign Direct Investment (FDI) from Taiwanese industries, specifically in the semiconductor and electronics manufacturing sectors.
• The initiative is expected to generate approximately 12,000 direct jobs over the next five years.
• The MoU was signed between the state's Department of Science and Technology and Allegiance International in the presence of Chief Minister Bhupendra Patel.
• The industrial park is aligned with the India Semiconductor Mission (ISM) to strengthen the production ecosystem for semiconductors, electronics, electric vehicles, robotics, and supply chains.
• The agreement was signed by Simon Lee, Chairman of Allegiance Group and Vice President of the Taiwan Chamber of Commerce in India, and P Bharathi, Secretary of the Science and Technology Department.
• Gujarat is currently developing semiconductor manufacturing projects worth over ₹1.24 lakh crore.