Bangalore, February 28 , 2018: The Indian semiconductor component market is expected to be worth $ 32.35 billion by 2025, growing at a CAGR of 10.1% between 2018 and 2025.
A report on Fabless startups launched at the annual Vision Summit of the India Electronics and Semiconductor Association (IESA), suggests that India is a highly attractive destination for global R&D centers owing to the availability of talent, as well as lower cost (compared with the US and Western Europe). It elaborates on the Indian semiconductor design ecosystem; and highlights the various opportunities for major global semiconductor players to consider India as their global R&D destination
Said Ashwini K Aggarwal, Chairman, IESA addressing the Summit: “We are witnessing the rise of a new India with a stable government clearing policy logjams, taking bold decisions and ambitious targets. With digital as the growth hack and aggressive engagement from the government's "Make in India" campaign, the ESDM industry will benefit and is projected to see investment proposals over $1.5 Billion over next 2 years. We believe that now is the time to build the future of design led manufacturing. The fabless report clearly highlights the opportunities for the Indian fabless ecosystem. This year's theme at IESA Vision Summit 2018 is dedicated towards building the industry success by highlighting opportunity areas and addresses the challenges being faced.”
Priyank M Kharge, Karnataka Minister for IT, BT and S&T said, “Bangalore has emerged as the hub in the country providing for innovation, entrepreneurship and invention. We have put in place policies and framework to ensure that the ecosystem is favourable to more partnerships, access to funds, ease of business, networking in the domestic and international market and more importantly, inculcating skillsets for the future through our Centre of Excellences within the city. Along with the support of IESA, we want to inculcate a fabless ecosystem to propel the ESDM sector and encourage manufacturing not only in the state but in the rest of the country too.”
Added Jitendra Chaddah, Chair, Fabless CIG, IESA, and Senior Director, Strategic Relations and Operations, Intel India: “Given the availability of abundant talent and chip design expertise in India, I am very excited about the tremendous opportunity we have to accelerate the semiconductor fabless ecosystem in the country. The SFAL (Semiconductor Fabless Accelerator Lab) announcement by the Govt. of Karnataka in collaboration with IESA and the release of fabless report are going to be key ingredients to enable India in becoming a Design-led Electronics Manufacturing hub in the coming years. This initiative also reinforces this year’s Vision Summit that is focusing on `Resurgent India: Electronics, Entrepreneurship and Economy’, with a vision to tap the opportunities in the ESDM sector.”
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 280 members - both domestic and multinational enterprises.