Bangalore, September 13, 2014: The India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has signed two Memoranda of Understanding (MoU) with the Taipei Computer Association (TCA) to promote ESDM industry co-operation between India and Taiwan and with the Indus Entrepreneurs (TiE) to promote fabless semiconductor and electronic product manufacture in India.
Said M. N. Vidyashankar, President, IESA:“The ESDM landscape is evolving. Today, Taiwan wants to move ahead and invest in other countries. India is positioned among their priority destination, primarily due to its maturity of the market, availability of talents and the expertise India can bring to the ESDM supply chain with components like designing, embedded system, VLSI etc.”
The Taipei Computer Association (TCA), established in 1974, is the leading industrial organization in Taiwan. Its 4,000 members are engaged in various fields such as software, hardware, semiconductors and components, manufacture, sales, network communication service etc., generating over 80% of the total production value of Taiwan's ICT industry. TCA's offices are located in Taipei, Taichung and Kaohsiung while overseas offices are in Bangalore, India, in Suzhou, Beijing and Guangzhou, in China; and in Tokyo, Japan.
Tieup with TiE
In another partnership, IESA signed a MoU (Memorandum of Understanding) with The Indus Entrepreneurs (TiE), Bangalore chapter to promoting start-ups and entrepreneurs in fabless semiconductor and electronic products with initial focus on the IoT space.
According to Machina Research data cited at a TiE panel, the global market for IoT in 2020 will be worth $373 billion in revenue, with $194 billion from hardware and $179 billion from software. India will account for $10-12 billion of this total revenue. IESA and TiE will actively promote the ecosystem with an aim to address the major challenges faced in current ecosystem: Design for Manufacturability (DFM), Testing and Interoperability and Standards and enable the success of the start-ups.
Said Ashok Chandak, Chairman,IESA and Sr. Director NXP Semiconductor:“Internet of Things (IoT) is a revolutionary phenomenon that offers incredible Innovation opportunities for entrepreneurs to connect the world like never before. We look forward to work with TiE to help overcome key challenges faced by the start-up communities and help realize the Make in India dream.”
Added Naganand Doraswamy, President, TiE-Bangalore: “TiE is sworn to foster innovation through entrepreneurship nationally and globally. IoT has the power to transform entire segments of Industry like public health, precision farming, surveillance and logistics. Boosting emerging companies in the IoT space will be vital to the economic growth of the nation. We believe IoT is the next big thing and it will be integral part of every sector/mechanism in no time. We are happy to be working with IESA and will chart a roadmap together to make India empowered digitally.”
The Indus Entrepreneurs is a not for profit network of entrepreneurs that was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 11,000 members in 60 chapters across 17 countries. TiE Bangalore Chapter was established in February 2000 to encourage and grow entrepreneurship in Karnataka. TiE Bangalore has over 125 Charter Members.