Latest news with #Indo-Taiwan
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.
