IESA’s new report also magnifies across many policy-making dossiers presented by respective states on the semiconductor industry and ESDM sector.
A vivid spectacle of the Government’s policies and incentives for the growing semiconductor industry was lately launched by IESA(India Electronics and Semiconductor Association).
The latest report examines the policies and incentives offered by the Centre and 14 states on the Semiconductor industry and ESDM (Electronics System Design and Manufacturing) sector at large.
IESA’s new report also magnifies across many policy making dossiers presented by respective states on the semiconductor industry and ESDM sector.
The latest report by IESA aims to invigilate and also concord with ESDM policies with respect to the current recommendations of stakeholders.
The ESDM and Semiconductor industry policy aims to give bifurcated insights for industry and policymakers. Propelling the semiconductor industry and the ESDM sector the latest report by IESA is the validated outline making India a global destination for the industry.
IESA is the premier body propelling the semiconductor industry and ESDM sector in India. It has also been the mouthpiece aimed to help the chip industry prosper in India.
IESA has been closely working Government and stakeholders to create a holistic ecosystem for the semiconductor industry and the ESDM sector.
Till now four major states have a full-fledge semiconductor policy which includes, Gujarat, Tamil Nadu, Odisha and Uttar Pradesh.
Other four states are also in the pipeline to share a conducive semiconductor policy, i.e. Andhra Pradesh, Karnataka, Maharashtra and Telangana.
All these states have mentioned creating a semiconductor industry and ESDM sector ecosystem in their respective states.
“The Semiconductor and ESDM sector is vital for India’s economic and social progress, as it enables innovation and value creation across domains such as healthcare, education, agriculture and defense,” said Ashok Chandak, president, IESA.
“India has a huge opportunity to leverage its strengths in design, talent, and market to become a global leader in this sector. At IESA, we are committed to facilitating collaboration and partnership among the government, the industry, the academia, and the research institutions to create a vibrant and thriving ecosystem for the Semiconductor and ESDM sector in India. This report is another step in this direction,” Chandak added.
The Government of India is a key enabler in providing financial and non-financial support in addition to ease of doing business to boost interest and investment by the private sector in large scale design and manufacturing.
Veerappan V, Vice Chaiperson, IESA, commented, “The semiconductor and ESDM sector is a key enabler of the digital transformation that is reshaping the world. India, with its large and growing market, talent base, and policy framework, has the potential to emerge as a global hub for this sector. With the Indian semiconductor market poised to reach a valuation of $80.3 Bn by 2028, we are excited to present the 2024 Edition of Compendium of Semiconductor & ESDM Policies, a comprehensive and updated report that provides a detailed overview of the various policies and incentives offered by the Government of India and the states to encourage and enhance this sector. We sincerely hope that this report will help in spreading awareness, enabling decision making, and attracting more investments and innovations in this sector.”
The latest IESA report was drafted with the assistance of Feedback Advisory aiming to help the government, the investors, the business leaders and the entrepreneurs and also the future policymakers of the country and further serve the semiconductor industry and ESDM sector.
IESA Vision Summit 2024 Kicked-Off
IESA Vision Summit 2024 kicked-off on January 24-25, 2024. The India Electronics and Semiconductor Association (IESA) , the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry flagged-off its 18th edition of its flagship event IESA Vision Summit 2024 at the Hilton Convention Centre, Manyata Tech Park, Bengaluru.
The two-day event aims to bring together the semiconductor industry and ESDM sector under one roof to discuss the possible future of the semcidoncutor industry in India. This year IESA Vision Summit 2024 is themed under ‘Design-Led Manufacturing – Leveraging the Semiconductor Ecosystem’.
The semiconductor and ESDM sector-driven event congregates over 1000 delegates from around 275 companies, 25+ top government officials and policymakers, and 75+ top industry leaders from across the globe.
Prominent figures from deep tech, MSME and startup ecosystems, incubators, the latest products, innovations and embedded electronics solutions from 80+ exhibitors, industry report launches, MOUs, product launches, and policy announcements from participating states take centre stage during the two-day event.
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