Monday, May 19, 2014:With the new Narendra Modi-led government coming in, the Indian electronics industry has pinned its hopes high. The India Electronics and Semiconductor Association (IESA) has extended a warm welcome to the forthcoming government and has promised full support to their vision of development, growth and e-Governance. The association is all set to co-operate with the new government in making the country a manufacturing and innovation centre for domestic and global players in the electronics industry.
According to a press statement, Ashok Chandak, chairman, IESA, said, “We envisage encouragement to the industry and focus on building fab units and electronic manufacturing clusters with an investment potential of over 750,000 million in short term and cumulatively employing 28 million people by building local eco system within the next 10 years.”
The National Policy on Electronics was the first step in the right direction. Moving forward, it has to be strengthened with, inter alia, setting up of electronic commission and implementation of policy measures to enable the country attain global competitiveness. Additionally, certain areas which need further encouragement include promoting global scale manufacturing for hardware systems, inviting global component suppliers to set shops in the country and creating Electronic Development Fund (EDF) to promote innovation.
Vidyashankar , president, IESA added , “IESA envisions working with the forthcoming government to enable India reclaim its global leadership position in science and technology and attract investments in the private sector. R&D needs a boost to make way for more patents and products made in India. Additionally, declaring electronics as a priority sector, addressing the disabilities ranging from 7-26 per cent, strengthening fabless product ecosystem and encouraging for domestically manufactured electronic products are important initiatives the industry is looking forward to”.