Gujarat and Allegiance International MoU

The India — Gujarat government has signed a Memorandum of Understanding (MoU) with Allegiance International Company Limited to establish an Indo-Taiwan Industrial Park in Sanand-Dholera. This initiative aims to attract over ₹1,000 crore in foreign direct investment (FDI) from Taiwanese industries, particularly in the semiconductor and electronics sectors, and generate approximately 12,000 direct employment opportunities over the next five years. The MoU aligns with the India Semiconductor Mission and is intended to accelerate India — Gujarat's emergence as a semiconductor manufacturing hub. Key figures involved in the signing included Simon Lee from Allegiance International Company Limited and P Bharathi from the Government of India — Gujarat, with the presence of Arjun Modhwadia. This collaboration is expected to strengthen the sectoral ecosystem for semiconductors, electronics manufacturing, electric vehicles, robotics, and related supply chains.