IESA partners with MeitY and STPI to boost growth of ESDM industry

India Electronics and Semiconductor Association (IESA), the premier industry body for the Electronics System Design and Manufacturing (ESDM) industry, has successfully concluded Day 1 of its flagship event – the Vision Summit 2019. The 14th edition of the Vision Summit, themed “Intelligent Electronics and automation – Unleashing the USD400 billion opportunity”, featured a powerful lineup of speakers, including Dr Walden C. Rhines (CEO, Mentor Graphics – a Siemens Business), Nivruti Rai (Country Head, Intel India and VP Data Center Group, Intel Corporation) and other industry experts offering their views on the future of semiconductor and electronics industry by exploring trends, challenges, and opportunities shaping the Indian industry.

The inaugural session was presided over by Gopalakrishnan, IAS, Joint Secretary, MeitY, Government of India, and Dr Omkar Rai, Director General, STPI. Both highlighted the importance of nurturing the start-up ecosystem in the country to promote innovation and encourage innovative disruption.

Key announcements at Vision Summit 2019 –

* MoU signed with MeitY: IESA signed an MoU with MeitY to focus on strengthening the start-up ecosystem. As a part of this engagement, IESA will be the industry partner for the Ministry’s start-up focused activities.

* Letter of Intent with Software Technology Parks of India (STPI): STPI will be unveiling over twenty software- and hardware-focused Centres of Excellence (CoE) across India. The aim of these CoEs will be to spur exchange of ideas, promote knowledge sharing, and support entrepreneurs with market access, technology and mentorship. IESA exchanged a Letter of Intent with STPI to be the industry partner for the hardware-focused CoEs across India. As part of this engagement, a digital online platform – E-Playground – will be introduced to connect all stakeholders of the start-up ecosystem.

* Report on ESDM sector: Dr Satya Gupta, IESA, Executive Council & CEO, SenZopt, and Ajay Jalan, Founder & Managing Partner, Next Orbit Ventures, prepared by Frost & Sullivan, launched an industry report on the semiconductor & electronics market in India.

Dr Satya Gupta, IESA, Executive Council & CEO, SenZopt, announced that its member campaigns contribute USD20 billion to the ESDM market with 2.5 lakh direct jobs and 10 lakh indirect jobs. He also said, “India has had a very good success in the tech services industry for the last two decades. We have the right talent and leadership to embark on the entrepreneurship journey. Government and IESA should work together to enable these innovators to develop end-to-end solutions for India and global marketplace. The Vision Summit is the key platform to have discussions and deliberations to build a vibrant ESDM solutions ecosystem in the country.”

Rajesh Ram Mishra, President, IESA, said, “The difference between consumption and production of electronics in India is going to create USD300 billion import burden for our country. Our aim is to reduce this gap by at least USD100 billion through Intelligent Electronics initiatives, design-led manufacturing and skill building. The mega trends of Industry 4.0, Smart Cities, 5G, AI & ML, Healthcare and Wellness are providing opportunities for a large number of start-ups from India to work towards bridging this gap as well as cater to the world need.

Anil Kumar Muniswamy, Chairman, IESA, and Managing Director, SLN Technologies, said, “IESA continuously works to bring all relevant stakeholders on a common platform to deliberate on how we can create a strong ESDM ecosystem in the country. Our aim is to put in place the right policies and infrastructure, encourage start-ups and entrepreneurs by providing support, and work with the industry to provide the right mentorship and guidance for the growth of this industry. With India being the bright spot on the global business map, we believe that now is the right time to drive innovation and disruption in this industry. This year, Vision Summit is pushing the boundaries of creating solutions to make India a global design-led manufacturing hub.”

Day 1 of the Vision Summit concluded with IESA Technovation Awards, where emerging players in the industry were facilitated for their innovative achievements.