Bangalore, February 18 2017: India Electronics and Semiconductor Association the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry, has announced the launch of their Chennai and Hyderabad chapters
Chennai: The key objectives of setting up an office in Chennai is to widen the eco-system, acquire new members and strengthen the supply chain in the region.
Chennai is known as the Electronics Manufacturing Services (EMS) hub of India with the EMS Corridor stretching from Sriperumbudur to Oragadam. Being one of the fastest growing manufacturing metros, its accessibility as a seaport and having a significant share of manufacturing units for major technology companies with automotive and OEM’s being the core hub, was an obvious choice for IESA’s expansion. With this announcement, IESA has taken a step further towards achieving its objective of making India a global electronic manufacturing hub in order to boost the electronic manufacturing market in the country.
IESA conducts its annual Vision Summit in Bangalore on Feb 21 and 22.
The two-day conference sees dignitaries from the Government, Industry
veterans, Start-ups, Venture Capitalists and Technology leaders. Details here.
M.N. Vidyashankar, President, IESA said, “The Central government has announced a fair share of investment in the electronics manufacturing sector which is expected to generate capacity creation on a larger scale within the country. Today close to 40% of electronics for the automotive industry is supported from Tamil Nadu alone. IESA is highly inclined towards the achievement of this objective and is striving towards building support for the companies across the states like Tamil Nadu to promote conducive manufacturing of products for global markets.”
Hyderabad: The key objectives of setting up an office in Hyderabad is to widen the eco-system, acquire new members and strengthen the supply chain in the region. This move will boost the electronics, hardware and semiconductor startups and firms in the state with the required support and information. There will also be a large thrust on the Aerospace & Defense manufacturing too.
Telangana contributes to 6% of the electronics production in the country and aims to reach a revenue of more than $10Bn and provide employment to 1.75L citizens. The Telangana Government is planning to make Hyderabad as the hub of ESDM and is pursuing to attract investments into the two ESDM clusters at e-City Manufacturing Cluster and Maheshwaram Science Park. With a view to facilitating investments in the electronics manufacturing industry, IESA has gearing up to strengthen operations in Telengana this year.
K. Krishna Moorthy, Chairman, IESA said, “This is a proud moment for us as we have now expanded our presence across the major technology hubs of the nation. With this launch, we now have an even more strengthened support to bring India into the global radar for manufacturing innovation. Several policy initiatives have been approved in last few months which include providing very attractive financial investment in electronics manufacturing and providing preference to domestically manufactured electronic goods in all Government procurement as well as all those electronic goods whose use has security implications for the country. This expansion has put us in the right path for the fulfilment of our objectives and aiding the government of India to digitally empower the nation.
IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry and has represented it since 2005. It has over 260 members - both domestic and multinational enterprises.