India Electronics and Semiconductor Association (IESA) congratulates new government; envisions partnering to drive Development and Growth through ESDM

I­­ndia Electronics and Semiconductor Association (IESA) welcomes the forthcoming government and extends its full support to their vision of Development, Growth and e-Governance, making India a manufacturing and innovation centre for domestic and global players in the electronics industry.

“We envisage encouragement to the industry and focus on building fab units and electronic manufacturing clusters with an investment potential of over 75,000 crores in short term and cumulatively employing 2.8 crore people by building local eco system within the next 10 years”, said Mr. Ashok Chandak, Chairman, IESA.

The National Policy on Electronics was the first step in the right direction. Moving forward, it has to be strengthened with, inter alia, setting up of Electronic Commission and implementation of policy measures to enable the country attain global competitiveness. Additionally, certain areas which need further encouragement include promoting global scale manufacturing for hardware systems, inviting global component suppliers to set shops in the country and creating Electronic Development Fund (EDF) to promote innovation.

Mr. Vidyashankar , President, IESA added , “IESA envisions working with the forthcoming  government to enable India reclaim its global leadership position in science and technology and attract investments  in the private sector. R&D needs a boost to make way for more patents and products made in India.  Additionally, declaring electronics as a priority sector, addressing the disabilities ranging from 7-26%, strengthening fabless product ecosystem and encouraging for domestically manufactured electronic products are important initiatives the industry is looking forward to”.

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