Hyderabad, March 21 -- A consortium of leading Taiwanese industrialists, the Eliance Group, is set to establish a world-class Technology and Industrial Park (ITIP) in Hyderabad's Future City with an investment of Rs 2,000 crore.

This initiative marks a significant step in strengthening Taiwan-India economic relations.

A delegation from the Telangana government is currently in Taipei to facilitate the project, following the directives of the Minister for IT and Industries, Duddilla Sridhar Babu.

On Thursday, March 20, 11 organizations signed Memorandums of Understanding (MoUs) to invest in Hyderabad as part of the broader Taiwan-India economic program.

15 acres in Kongarkalan allocated

The state government has already allocated 15 acr...