Taiwan's Bestec Group plans to invest Rs 200 crore in a new manufacturing facility near Bengaluru, Karnataka.

The project could generate 5,000 employment opportunities over three years, even as the investment will be made gradually.

State Industries Minister MB Patil announced this after a meeting with Bestec Group Chairman Mike Chen and Vice Chairman Teresa Dong on 20 August, 2024.

"The project is expected to create 5,000 jobs over the next three years as the company gradually invests in the unit. Bestek, known for producing high-quality adapters, C-pins, EV and laptop chargers, and cables, aims to achieve an annual turnover of Rs 2,500 crore through this planned facility," said Patil.

The Minister assured of full support from the government to facilitate the company's plans.

The facility will produce adapters, chargers, and cables, targeting an annual turnover of Rs 2,500 crore.