Bangalore  February 26, 2022: The Karnataka Digital Economy Mission’s (KDEM) efforts to underpin the growth of the Electronics, System, Design & Manufacturing (ESDM) Industry in the state  has received wide acceptance: 18 large corporations have given their Letter of Intent (LoI) to set up operations in the state. This comes at a time when the Government of India recently announced its Semiconductor Policy to promote the manufacturing of semiconductor chips in the country.
Proxelera Pvt. Ltd, Wuerth Electronic India Pvt. Ltd., Virtulive Technologies Pvt Ltd, Gopalan aerospace Pvt Ltd, Teccheren batteries and Kaynes Technology, Rapture Innovation Labs, Physics Motors, Astr Defence, nanoPix Integrated Solutions Pvt. Ltd. and SLN Technologies are some of the renowned companies that feature in the LoI list.
Said Dr. E V Ramana Reddy, Additional Chief Secretary, Department of Electronics, Information Technology (IT) & Bio-Technology (BT)and Science & Technology, Government of Karnataka: “Over the last few years, the demand for superior technology products has seen significant growth, encouraging the need to strengthen the ESDM sector. Karnataka has always been at the fore of the technology space, contributing significantly to the country’s digital growth. This has been the basis of the KESDM Policy 2017-22 to develop Karnataka into a global ESDM hub and an epicentre for innovation.  These Letters of Intent and the industry-wide acceptance of the ESDM initiative demonstrates the trust that global industry leaders have in Karnataka’s commitment to be a leader in the IT and ESDM space.”
Over 50 top global and Indian ESDM leaders, bureaucrats, and officials from KDEM, India Electronics & Semiconductor Association (IESA) along with the Dept of Electronics, IT BT S&T, and Industries department with Lahari a Government of India, Govt of Karnataka and Indian Electronics Industry Initiative that aims at providing advance electronics test facility of electronics products, came  together an event in  the city  yesterday, where these LiL’s were  announced. In addition, Lahari, also signed a MOU with Electronics Sector Skill Council (ESSC) India to further boost Karnataka’s ability to become a sustainable and scalable talent hub for the ESDM sector
KDEM in association with IESA and IIT-B announced the launch of a  VLSI Design Skills programme. Expected to be launched on 15 April 2022, the new programme aims to develop world-class talent pool in Karnataka in a structured manner.
B V Naidu, Chairman, Karnataka Digital Economy Mission said, “As an enabler of conducive business environment in the State of Karnataka, KDEM was established with the vision of acting as a knowledge bridge between the industry and the Government with a strong focus on innovation, start-ups, ESDM among others. It gives me immense pride to see this vision being realized as we invite industries to set up operations in Karnataka and reaffirm the state’s contribution to the country’s economic growth. We are delighted to have received an outstanding response from industry players, 18 companies have joined forces with us and have shared the Letter of Intent (LoI) to set up operations with significant investments directed towards building the ESDM ecosystem and generating over 15,000 employment opportunities for the local talent in the state.”