Backed by the Karnataka government, Bestec plans to establish a Rs 2 billion manufacturing unit, aiming for an annual turnover of Rs 25 billion.
On Tuesday, Minister of Medium and Large Industries M.B. Patil revealed that Taiwan’s Bestec Group is set to invest Rs 2 billion in establishing a new manufacturing facility near Bengaluru. This new facility is expected to create 5,000 jobs over the next three years as the investment unfolds.
The investment aligns with India’s strategy to attract foreign direct investment (FDI) to enhance its manufacturing sector, particularly in electronics and consumer goods.
During the announcement, Minister Patil assured Bestec of Karnataka’s full support, highlighting the state’s dedication to industrial growth and job creation
Bestec aims to leverage this new facility to achieve an annual turnover of Rs 25 billion.
The company’s expansion into India is seen as a strategic move to tap into the rapidly growing demand for consumer electronics in the country and strengthen its global supply chain.
Bestec is renowned for its high-quality adapters, C-pins, EV and laptop chargers, and cables.
