The park is expected to attract an investment of over $1 billion, with nearly 45 Taiwanese companies expected to be accommodated
A 1,100-acre hardware technology park of the Karnataka Government, near the Bengaluru International Airport, will have a facility dedicated to Taiwanese companies.
The project is expected to be cleared by the State Government in about a fortnight when the State High-Level Clearance Committee on major projects meets.
The hardware park has been on the cards for nearly two years, and is now being speeded up.
The Chief Minister is reported to have agreed to requests laid out by the Taiwanese group, which is keen on having an independent facility for companies from that region.
The hardware park is expected to attract an investment of over $1 billion.
The Karnataka Industrial Areas Development Board has acquired and developed the land. According to sources, around 300 acres of it will be provided to the Taiwanese group.
The Additional Chief Secretary and Principal Secretary, Department of Commerce and Industries, M. N. Vidyashankar, is stated to have held several rounds of discussions with Taiwanese business leaders.
While seeking allotment of requisite land, the Taiwanese group had sought permission from the authorities concerned to let them develop the area through a land developer of their choice. Subsequent to the tentative approval provided by the authorities, the Taiwanese group has engaged Century Developers (a major industrial park developer of Taiwan), and even finalised plans to commence civil construction from December. The State Government will sign an agreement with Taipei Computer Associates (TCA), which will facilitate the formation of the dedicated hardware park.
The State has agreed to provide the requisite land at a cost of Rs.2.50 crore per acre. Nearly 45 Taiwanese companies are expected to be accommodated in the Taiwan hardware Technology Park.
Huge investments are expected at the park, which will be devoted exclusively for setting up manufacturing units for semi-conductor chips, light-emitting diodes (LEDs), computer hardware, and telecommunication equipment.