Bangalore, February 14, 2013: The main trade body representing the semiconductor industry in India has formalised its widened mandate to embrace the broader canvas of Electronic System Design and Manufacturing: The Semiconductor Association (ISA), has renamed itself as the India Electronics and Semiconductor Association (IESA).The change was announced on the opening day of the 8th IESA Vision Summit 2013 here on Wednesday.
Says Dr Satya Gupta, Chairman of ISA–turned-IESA: “The semiconductor industry cannot grow unless the larger electronics industry grows. While consumption of electronic products is growing explosively in India, according to the 6th ISA F&S Report on the ESDM industry, 66% of these products are imported and this number is growing. Considering this growth in consumption and imports it is critical that India takes urgent steps to bridge this gap. With the renewed focus IESA is committed to grow conducive eco-system for design and manufacturing of electronic products domestically and take India to ESDM leadership,” said Dr.
Adds PVG Menon, President IESA: “This sharpened focus on the complete ESDM value chain coincides with the very welcome change from policy makers. Given the current market opportunities, policy environment, and the urgent requirement of the country, the IESA is widening our scope from semiconductors and embedded systems to the larger electronics system design and manufacturing industry. It is but natural that the name of the Association is changed to reflect this new charter and lead India towards “innovation led design and design led manufacture.”
IESA over 170 members –both domestic and multinational enterprises