• Taiwanese delegation meets CM & Industries Minister
• Minister Murugesh R Nirani invites Taiwanese firms to invest in Karnataka
• Taiwanese firm CDC to develop Industrial Park in Bengaluru
Bengaluru, Bengaluru: A high-level business delegation from the Taiwanese government and business community met Karnataka Chief Minister and Basavaraja Bommai and Large and Medium Industries Minister Murugesh R Nirani and were impressed by the investment opportunities in the Southern State of India.
Inviting the Taiwanese companies to make more investments in Karnataka Large and Medium Industries Minister Murugesh Nirani promised to extend all the support and cooperation from the government. The Minister offered support during a meeting with the high-level Taiwanese delegation on Thursday here.
A high-level Taiwanese delegation headed by Taipei Economic and Cultural Centre (TECC), New Delhi, Head Representative Baushaun Ger and TECC South – Chennai Director-General Ben Wang along with their staff met Chief Minister Basavaraja Bommai and Large and Medium Industries Minister Murugesh R Nirani and held talks on investment opportunities. The delegation is on a two-day trip to Karnataka.
Offering the government’s full support and cooperation, Minister Nirani has informed the Taiwanese delegation that Karnataka is an ideal destination to make investments.
“Karnataka and Taiwan share many similarities as both focus on major industries like ESDM, electric vehicles, auto and auto components, healthcare, engineering & machine tools, and innovation. Karnataka is also home to major Taiwanese companies including $30 Bn Wistron Corporation, Mediatek, Delta Electronics, and D-Link. So, our state is the ideal destination to make investments,” said Karnataka Large and Medium Industries Minister Murugesh Nirani.
Karnataka Large and Medium Industries Minister Murugesh Nirani informed the visiting delegation about the state government’s various initiatives and policies aimed at promoting industries.
“Karnataka has taken many initiatives to enhance its stature as one of the leading high-tech industrialized states in the country. We have implemented a New Industrial policy for the period 2020 25. Our policies are aimed at ensuring balanced, sustainable, and inclusive industrial development throughout the state,” said Karnataka Large and Medium Industries Minister Murugesh Nirani.
Murugesh Nirani also said the relaxed labour laws, amended Karnataka Land Reforms Act, Karnataka Facilitation Act, Affidavit Based Clearance, and Enhanced Ease of Doing Business greatly help investors and allow them to obtain hassle-free approvals and start operations.
Addressing the delegation, Karnataka Commissioner for Industrial Development and Director, Department of Industries & Commerce Gunjan Krishna said the state is thrilled to welcome Taiwanese investment in Karnataka.
“Karnataka is a land of opportunities and India’s most attractive investment destination due to the progressive reforms of the government. Being ranked as No. 1 by India Innovation Index in many sectors, the state has attracted the highest FDI in the country and this is close to 45 percent of the total FDI inflow to India. We have a stable policy paradigm that makes us an investor-friendly state,” said Karnataka Commissioner for Industrial Development and Director, Department of Industries & Commerce Gunjan Krishna.
Taiwan-based CDC initiative
CDC which develops industrial parks has finalized a master plan and started developing an industrial park in Bengaluru. The company has acquired 70 acres of land from Karnataka Industrial Area Development Board (KIADB) near Aerospace Park at Devanahalli, where it will be accommodating 100 companies from Taiwan.
TEMICO Motors India Pvt Ltd has already started factory construction work in the park. CDC is established by the Ministry of Economic Affairs, Taiwan and private companies including the TECO Group, the Shinkong Group, the Taishin Group, BES, RSEA, the Fubon Group, and Ascendas. CDC was founded in 1993 and based in Taipei.
Taipei Economic and Cultural Centre (TECC), New Delhi, Head Representative Baushaun Ger expressed gratitude for the State Government of Karnataka’s hospitality to the Taiwanese enterprises based in Bengaluru.
Invest India Forum Regional Lead Sai Sudha, Invest India Taiwan Desk Lead Aju Antony and Karnataka Udyog Mitra Managing Director Doddabasavaraju, Karnataka Industrial Areas Development Board Chief Executive Officer & Executive Member Dr N Shivashankara and CEO Invest Karnataka Forum Shivakumar were present at the meeting.
