Taiwan firm CDC to develop industrial park in Devanahalli

Taiwan-based Century Development Corporation (CDC), which develops industrial parks, has finalised plans to develop industrial park in Bengaluru.  

The company has acquired 70 acres land from Karnataka Industrial Area Development Board (KIADB) near Aerospace park at Devanahalli, where it will be accommodating 100 companies from Taiwan.

The CDC will be investing around Rs 740 crore to develop infrastructure, including electronic waste processing centre and common amenities, sources said.  

A team of CDC officials, including President Jack Hu, Vice President Patrick Wu and two other directors held a series of meetings with higher officials of Karnataka government during their five-day visit to the state.

"CDC is set to start the work in October this year. A Taiwan government-led delegation with the representation of couple of ministers and industry veterans will visit Bengaluru in July," the sources said.  

100 companies to enter

The Taiwanese infrastructure company will bring around 100 companies as part of their own ecosystem in the manufacturing space.

"The second phase of the project will take the land up to 200 acres and bring a total investment Rs 3,000 crore to Bengaluru," the sources said.

CDC  is established by the Ministry of Economic Affairs (Taiwan) and private companies including the TECO Group, the Shinkong Group, the Taishin Group, BES, RSEA, the Fubon Group, and Ascendas (Singapore).

Besides its Nangang Software Park project in Taipei City, the company is known for the Subic Bay Gateway Park in Subic Bay, Philippines. CDC was founded in 1993 and based in Taipei.