IESA signs MoU with TEEMA to accelerate India-Taiwan electronics collaboration

- Advertisement -

March 26, 2015: India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has signed a Memorandum of Understanding (MoU) with Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) with an objective to promote ESDM industry co-operation and investment promotion to benefit both Indian and Taiwanese companies.

 The collaboration will focus on establishing strong India-Taiwan relationship and create a differentiating proposition for India in the field of electronics and ICT. Moreover, IESA will encourage Taiwan-based electronics companies to bring more investments and commitments to the ICT ecosystem in the country and also, partner with Indian companies around technology and knowledge transfer. Both countries will see member delegations visiting industrial leaders, institutions, organisations and also facilitate trade meetings thereby helping respective member groups absorb international experience.

 Last September, IESA had signed a MoU with Taiwan Computer Association (TCA) to work together and create opportunities of investment, providing skill enablement for increased job prospects in the ICT segment. Today’s announcement furthers the commitment with Taiwan and fortifies IESA’s intent in setting up the International Investment Promotion Cell, to support Government of India’s “Make in India” notion, for encouraging international investments in the Indian ESDM sector. International collaborations, driven by IESA are expected to establish a stronger ecosystem within India and reduce the nation’s electronics import to ensure significant contribution to the Indian Economy.

- Advertisement -

 Commenting on the collaboration, M. N. Vidyashankar, President, IESA said, “India is positioned among priority destinations for electronics innovation, development and manufacturing, primarily due to its maturity of the market, availability of talent and the expertise India can bring to the ESDM supply chain with components like designing, embedded system, VLSI etc. This partnership will SPEED UP industry government relations promoting faster economic development. We acknowledge TEEMA’s effort in bridging India-Taiwan electronics segment and taking India’s potential to the next level.”

 “Taiwan has introduced the world to advanced technology, with its expertise to foresee the next era of technology demand and deliver accordingly. However, we feel India has the best talent for driving innovation in this space. It’s our pleasure to partner with IESA, who has been working relentlessly to bring India on the global map of electronics innovation. We will be pleased to contribute to IESA’s effort and support them to build an electronics and ESDM ecosystem in India, which can address the global demand in the years to come.” – Roger Liao, Director, TEEMA.

 About TEEMA:

It has been almost sixty years since Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) was founded in 1948. From the production of basic electrical devices such as light bulbs and power distributions after World War II, electrical and electronic industries in Taiwan had developed the sector as the world renowned IT Island in the 21st century. Witnessing simultaneously the development history of the Taiwan E&E industries, TEEMA has walked through with her members, step by step, to a glorious page of the industrial history of Taiwan. Not only that the E&E industries have become the core industry in Taiwan, it is also a sector that is most competitive internationally.

 To help emerging priority industries cultivate capability for formulating international standards and enhance their technological level, the association, in addition to 36 committees, has formed 6 industrial alliances, in hopes of strengthening unity and integrated capability among companies in the same line, construct up-, mid-, and downstream industrial system, and facilitate technology transfer, so as to develop new products and technologies jointly.

 About the India Electronics and Semiconductor Association  

IESA is the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry and has represented it since 2005. It has over 250 members both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. This is through publishing credible data, networking events and alliances with other international associations. IESA works closely with the Government as a knowledge partner on the sector, both at the centre and at the state level. As a knowledge partner, IESA shares common vision with the Indian Government of building Brand India and putting the Indian ESDM industry on global radar. As a partner in sustainable growth, IESA works closely with industry & academia to nurture talent, encourage entrepreneurship and mentor future leaders to take the industry forward in the years to come.

- Advertisement -

Most Popular Articles

Exclusive

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

“AIC-T-Hub Aims To Grow Startups So More Indian Unicorns Can Contribute To The GDP”

0
T-Hub has collaborated with Atal Incubation Centre (AIC), initiated by the Atal Innovation Mission to incubate semiconductor startups, fostering innovation for India’s advancement in...

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Buzz

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

ASUS IoT And BRESSNER Technology Launch CTOS

0
The collaborative approach seamlessly integrates advanced features across CTOS solutions, fostering synergy. ASUS IoT has recently unveiled a strategic collaboration with BRESSNER Technology, aiming to...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Important Sectors

Renault Kwid, Maruti eVX: 15 Upcoming EVs Under ₹10 Million (1 Crore) In India

0
Should you wait or buy an electric car from the existing options in India? Well, that’s a question only you should answer! However, if...

Commercial EV Finance: Empowering Younger Companies To Drive Growth

0
While electric three-wheelers have emerged as the face of EV adoption in India, startups engaged in their retail need increased access to finance for...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

Manufacturing

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...

Automotive Electronics Industry Growth Prospects And Strategies

0
From electric vehicles (EVs) to autonomous vehicles, discover the challenges, key players, and market segments driving a $136 billion industry revolutionising vehicles and the...
Siemens and CSA

Siemens To Sell Innomotics To KPS For $3.8B

0
Siemens chief financial officer Ralf Thomas expressed his pleasure at the significant progress made in optimizing their portfolio through the sale of Innomotics to...
Siemens and CSA

Siemens Limited Announces ₹1000 Crore Capex

0
In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components. Siemens...