JOIN USThe hardware technology park planned by the State government near the Bangalore International Airport in Devanahalli is expected to start operations between September 24 and September 30 this year.
According to Industry & Commerce Principal Secretary M N Vidyashankar, the park is expected to host around 300 Taiwanese companies coming to Bangalore to set up shop as well as explore joint ventures with their counterparts in Karnataka.
The hardware technology park, styled Taiwan Hardware Technology Park, will come on a 300-acre plot and boast of an integrated township, industrial units and residential space among other amenities.
Investments to the tune of Rs 600-750 crore are envisaged for the project, which will be devoted exclusively to setting up manufacturing units for semiconductor chips, light emitting diodes (LED), computer hardware and telecommunication equipment, Vidyashankar said.
The state government will sign an agreement with Taitronic (Taiwan Electronics Manufacturers Association) and TCA (Taipei Computer Associates), who will lead a 75-member team to inspect the proposed site for the park, Vidyashankar said.
The proposed tech park is the outcome of several visits by Taiwanese delegations who were keen to get a number of small and medium Taiwanese enterprises to operate out of Karnataka, Vidyashankar said.
The State Electronics Hardware Policy, which seeks to facilitate, promote and develop the electronics hardware manufacturing sector, hopes to make Karnataka the world’s preferred destination for investments in high value-added electronics manufacturing.
Towards this end, the policy offers a slew of incentives for investors, along with a Electronics Innovation Fund set up at an initial corpus of Rs 25 crore. The Innovation Fund will provide funding to entrepreneurs to develop new products to be manufactured in the State.