India, Dec. 7 -- Karnataka government has signed an MoU with Allegiance International Co. Ltd of Taiwan to establish an Indo-Taiwan Industrial Technology Innovation Park (ITIP) in the state, with a proposed investment of around Rs 1,000 crore.

The MoU was signed by Rahul Sharanappa Sankanur, Director, Department of Electronics, IT, BT, and Lawrence Chen, VP, Allegiance Group, in the presence of Chief Minister Siddaramaiah, Minister for Electronics, IT & BT Priyank Kharge, and senior officials.

The project will be undertaken by the Allegiance Group with a proposed investment of around Rs 1,000 crore, leading to the creation of about 800 direct jobs via the companies setting up operations in ITIP over a period of five years, the IT&BT Min...