The India Electronics and Semiconductor Association (IESA) has successfully completed the 3rd day of the vision summit on ESDM growth in India.
This year’s conference is themed on – ‘India’s Accelerated ESDM Growth: The Defining Decade’, which commenced on 18th October.
Commenting on the side-lines of the event, K Krishna Moorthy, CEO & President, IESA, said, “IESA is convinced about the impressive future of India’s semiconductor space. It is our constant endeavor to support the ecosystem – start-ups, MSME’s or student innovators.
Vision Summit this year will focus on solutions and thought leadership that has the potential to directly impact lives across metros, tier-II cities, small towns, and our villages. We are hopeful that the benefits will be multi-prolonged, and more importantly, have ‘economic impact’ that ESDM promises to the country’s exchequer.”
Rajeev Khushu, Chairman of IESA, and Director of Corporate Affairs & Government Relations, Texas Instruments added, “One of the goals at IESA is to increase India’s inference and footprint into the global semiconductor supply chain.For this, the Vision Summit is a step to create a robust strategy to develop the country as a key player with a focus on the following elements: equipment and components needed for building a semiconductor manufacturing fab, materials – which include minerals, chemicals, and gases, and services and skills required for fab and ATMP (Assembly, Testing, Marking, and Packaging).
Ajai Chowdhry, Founder of HCL, Chairman – EPIC Foundation, during the event, stressed that India now needs to promote policies that will encourage the country’s design sector to create indigenous products. He quoted saying, “India will see huge growth in the electronics manufacturing segment owing to favorable government policies for manufacturing and PLI schemes for electronics. However, the country needs to shift the focus towards establishing itself as a design hub which will add a considerable value to the global contribution of the semiconductor industry.”
The first day was kick-started with the inaugural speech by Saurabh Gaur, IAS, Joint Secretary, MeitY, who highlighted the initiatives by the Government of India and different State governments in making India’s ESDM sector self-reliant to leapfrog to the next decade.
The conference witnessed industry veterans such as Rajeev Khushu, Director, Texas Instruments, Erez Imberman, VP – Business Development & Special Projects, Tower Semiconductor, Ashwini K Aggarwal, Director – Govt. Relations, Applied Materials India, and Rangesh Raghavan, Corporate Vice President and GM India, Lam Research, elaborated on the necessity of building a semiconductor manufacturing ecosystem in the country and the roadmap for global opportunities.
While Ajai Chowdhry, Founder – HCL, Chairman – EPIC Foundation, Jeet Vijay CEO of MeitY Startup Hub (MSH), and Suket Singhal, Group CEO, Secure Meters Ltd., spoke widely on the semiconductor start-ups and MSMEs growth in India, their funding and investments options, and the role of various trade and government organization.
The final day will witness leaders and policymakers discuss the growing opportunities and innovative strategies to fuel MSMEs.