Latest news with #Indo-Taiwan
Hans India
04-07-2025
- Business
- Hans India
Mysuru Eyes $10 Billion Digital Economy by 2030, Unveils Roadmap at Big Tech Show 2025
Mysuru: Karnataka's second-largest tech cluster is fast transforming into a major digital innovation hub, with the Mysuru Big Tech Show 2025 setting the tone for an ambitious $10 billion (₹10,000 crore) digital economy goal by 2030. The State Department of Electronics, IT/BT and S&T, in collaboration with the Karnataka Digital Economy Mission (KDEM), released the KDEM Vision Document 2025 – Mysuru Chapter during the event held at the Infosys Mysuru campus. The roadmap outlines Mysuru's strategy to emerge as a global destination for deep-tech, electronics manufacturing, and startup innovation. With a projected 150,000 new digital jobs and support for over 2,800 startups, the region is positioning itself as Karnataka's next big growth engine beyond Bengaluru. KDEM Chairman B.V. Naidu announced that Mysuru has already attracted over 15 companies in the past year, generating 750+ new jobs. A further 200,000 sq ft of tech-ready workspace is in development. KDEM CEO Sanjeev Kumar Gupta emphasised Mysuru's role as a key spoke in Karnataka's 'spoke-shore' model, anchored by a forthcoming Global Technology Centre with 10,000 seats. Among the biggest investment announcements: Vayu Assets pledged ₹1,250 crore for a PCB plant catering to domestic and global markets. MiPhi Semiconductors, an Indo-Taiwan JV, announced its entry with plans for an R&D-focused Global Technology Centre. Forward Air & Omni Logistics submitted a Letter of Intent to set up a GCC (Global Capability Centre) in Mysuru. McLaren Strategic Solutions aims to establish nano-GCCs impacting 50,000 people within two years. Dr. Sanjay Tyagi, Director at STPI, noted that under the central government's EMC 2.0 scheme, anchor units in Mysuru could attract over ₹1,591 crore in electronics manufacturing investments. Innovation Showcase and Startup Awards The event featured over 80 startups, 60 innovation booths, and participation from more than 1,100 delegates across six countries. The top 10 startups from the 'Mysuru BLUE 2025' program were felicitated, with Swayam Analytics, Meladath Auto Components, and Agropak Pvt Ltd emerging as the top fundable ventures. They earned booths at the upcoming Bengaluru Tech Summit 2025. Policy & Ecosystem Focus Key sessions covered Karnataka's Startup and Skilling Policies, women in tech, building ESDM supply chains, and attracting GCCs. The LEAP (Local Economy Accelerator Program), worth ₹1,000 crore, aims to generate 3000 new ideas annually, boost over 500 startups, and create 50,000 jobs. A special Women@Work (W@W) roundtable addressed the inclusion of women in ESDM, IT/ITES, AI, and digital roles. Emphasis was placed on workplace safety, flexible hours, and digital skilling formats for rural and re-entry women professionals. Looking Ahead Dr. Ekroop Kaur, Secretary, Department of Electronics, IT/BT and S&T, said Mysuru already contributes ₹5,000 crore in IT exports annually and is home to over 1,200 startups. 'With strong plug-and-play infrastructure and a deep talent pool, Mysuru is well on its way to becoming India's most infrastructure-ready digital hub.' Minister Priyank Kharge said Mysuru will play a pivotal role in Karnataka's $300 billion digital economy target. 'We are at an inflection point where Mysuru can become the second technology capital of the state,' he said. As the Mysuru cluster integrates innovation, infrastructure, and investments, the Big Tech Show 2025 reinforced its emerging role in shaping India's decentralised and inclusive digital economy vision.
New Indian Express
04-05-2025
- Business
- New Indian Express
Telangana to set up ‘E-City' under Future City project
HYDERABAD: IT Minister D Sridhar Babu on Saturday announced that the state government is set to establish a state-of-the-art 'Electronic City (E-City)', as a core component of the ambitious 'Future City' project. In a meeting held on Saturday at the Secretariat, the minister engaged with representatives of Sera Networks (Taiwan) and LCGC Resolute Group (Telangana), who have jointly committed to invest Rs 300 crore in the E-City project. Sridhar Babu briefed the representatives on the various initiatives the state is undertaking to promote electronic manufacturing and assured the creation of a dedicated task force to streamline the industrial setup process and eliminate bureaucratic hurdles. He emphasised that entrepreneurs willing to establish industries in Tier-2 and Tier-3 cities will be offered special incentives. The government also pledged to provide necessary infrastructure tailored to the specific needs of each company. 'The planned facility, to be built on approximately 10 acres, is expected to generate employment for around 2,500 young professionals. It will focus on manufacturing telecom products like 5G networks, multi-layer networking solutions and servers,' Sridhar Babu said. He also expressed confidence that this investment will further strengthen Indo-Taiwan bilateral ties. The meeting was also attended by TGIIC CEO Madhusudan, T-Fiber MD Venu Prasad, representatives from Sera Networks — Chuan, Joy Bhattacharya, Douglas — and Ranvinder Singh and Geetanjali Sabharwal from LCGC Resolute Group.
New Indian Express
27-04-2025
- Business
- New Indian Express
Taiwan deal to get Rs 10K crore investment and 20 thousand jobs for Tamil Nadu
CHENNAI: After Industries Minister Dr TRB Rajaa announced the setting up of Taiwanese Industrial Parks to attract Rs 10,000 crore in investments and generate around 20,000 jobs on the state assembly, the state government signed a Memorandum of Understanding (MoU) with the Taiwan Chamber of Commerce. The MoU, signed on Saturday between Guidance Tamil Nadu and the Taiwan Chamber of Commerce, is part of a series of agreements the state will enter into with the chamber to establish clusters, following Friday's announcement, Dr Rajaa said. 'This is one of many such clusters we will create in Tamil Nadu. This park alone has the potential to attract investments worth Rs 1,800 crore and create 5,000 jobs,' Dr. Rajaa said in a social media post on X. Taiwan Chamber of Commerce-India Vice General Simon Lee, Taiwan Chamber of Commerce Chennai President Eric Chang, Industries Department Secretary V Arun Roy, and Guidance Tamil Nadu MD and CEO Darez Ahamed were present at the signing ceremony. 'Taiwanese investments already form a strong pillar of Tamil Nadu's FDI, especially in electronics and footwear. Recognising the need for a dedicated manufacturing space for Taiwanese vendors and companies, we are developing exclusive Indo-Taiwan Industrial Parks, built to international standards,' the minister said. 'On Friday, we made the announcement on the floor of the Tamil Nadu Assembly, and today we have signed the MoU and begun the work. That is the speed and commitment of this government under the leadership of our Honourable Chief Minister MK Stalin,' he added. 'Our bigger ambition is to attract Rs 10,000 crore of Taiwanese investments, creating over 20,000 jobs in focus sectors like electronic components, technical textiles, and footwear components,' the minister said.
