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IESA Posit India’s ESDM Sector to Reach US$228 Bn by 2020

India Electronics and Semiconductor Association

Design led manufacturing to amplify growth of India’s ESDM industry expected to mark $100+ billion opportunity in 2016-17 

India Electronics and Semiconductor Association (IESA) at its 12th edition of Vision Summit 2017 posits that India’s ESDM sector to optimistically reach about US$228 billion by 2020. The report was jointly unfolded by IESA – EY.  It also added that, the $100+ billion opportunity in 2016-17 will grow further at a CAGR of 16- 23%.

This year the Vision Summit focused on the central theme of Design led Manufacturing- Redefining the future of India’s ESDM. The prime body congregated large and medium sized IT companies as well as the starts ups.

Other highlights pointed out that, the domestic manufacturing for Electronic Products has been growing at a CAGR of 17% which is expected to increase further over next 5 years. Electronic Manufacturing Services segment has seen a huge growth over the past two years and has grown from $0.5bn in 2013 to $1.0 bn. in 2015. Indian EMS market is estimated to witness exponential growth of 42-68% over the next five years to reach US$6-13.2 billion.

Many India Electronics and Semiconductor Association (IESA) Member companies highlighted their commitment to Make in India through investments as a part of M-SIPS approvals. The total combined investment is envisaged to be more than Rs. 1,700 crores.

In his inaugural speech, K. Krishna Moorthy, Chairman, IESA, said, “We see the year ahead as a year where the ESDM industry will scale up in value addition and value proposition. With the ongoing digital revolution in the country and the thrust from the government to use technology to improve governance delivery to the people, the requirement for developing new and better innovative products and solutions are growing by the day. This has opened up a number of opportunities to promote both product and solutions development and manufacturing them in our country. IESA believes in an integrated approach which is sustainable over a long period of time and hence are focusing on Design and IP ownership as a significant component in our efforts to boost and sustain the manufacturing eco system. Our efforts in recent years to make India grow in different spheres of the ESDM eco system has brought out the need for a continuous development of four key aspects namely- Start up growth, Talent development, Technology exposure and design ownership. Our efforts in the recent years have been to set these pillars of growth and create sustainable growth engine in ESDM. Our close association with the central and state governments as well as prominent institutions and industry members has encouraged us to become future ready.”

Highlighting the involvement of various state governments in the conclave, M. N. Vidyashankar, President, IESA, said, “We are a trusted advisory to the Government of India, and have been advocating India’s stance as an ESDM powerhouse. We believe that designing is a crucial component for the development of a successful innovation. At Vision 2017, we are not only promoting local manufacturing but also focusing on the relevance of design led manufacturing and its contribution towards the growth of India’s ESDM sector. With the allocation and incentives of schemes like M-SIPS and EDF to Rs745 crore in this year’s budget, we strongly believe that India will be the next manufacturing powerhouse of the globe.”

The riveting inauguration of the summit was addressed by Sh. Priyank Kharge, Hon’ble Minister IT & BT and Tourism, Govt. of Karnataka, Sh. Rajiv Bansal, Joint Secretary, MeitY, Govt. of India, Ravi Gururaj, President, TiE Bangalore and K Krishna Moorthy, Chairman, IESA.

Senior officials from the state governments of Karnataka, Kerala, West Bengal, Chhattisgarh and Jharkhand highlighted the formulation and implementation of ESDM policies in their respective states.

India Electronics and Semiconductor Association (IESA) has aligned with the Central/State Government in developing policies and taking measures to scale up indigenous production in India to meet the rising demand for electronics.

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