IESA expects Rs.10,000 cr investment in 2 years

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SME Times News Bureau | 21 Oct, 2014
The India Electronics and Semiconductor Association (IESA) is expecting to garner Rs.10,000 crore investment in the electronic system design and manufacturing (ESDM) sector in the next two years, IESA chairman Ashok Chandak said here Monday.

"We are expecting Rs.10,000 crore investment in the ESDM space in the next two years and hopefully a majority of it will come from global entities and alliances," Chandak told IANS.

The association has set up International Investment Promotion Cell, to support the government's "Make in India" campaign, for encouraging international investments and commitments in the ESDM landscape in the country.

"The investment promotion initiative of IESA will support Government of India’s vision to position India as the next manufacturing destination. While it is evident that the bigger companies will make entries into the Indian manufacturing space, it is the small and medium sized companies from Japan Taiwan, Singapore and other countries that has potential to join hands with Indian counterparts to make the broader impact," he said.

The trade body IESA is closely working with government and industry to make India a default destination for electronics design-led manufacturing which can catalyse the economic growth of the country through electronic manufacturing clusters, Modified Special Incentives Package policy, skill development initiatives and participation in various working groups in the ESDM space.

The IESA has unveiled the 'SPEED UP' initiative to enable the success of manufacturing program in ESDM sector through speeding up of the investment promotions, international alliances, start up ecosystem, policy implementation at state level and skill development actions, Chandak said.

"We have extended our support to various state governments and Department of Electronics and Information Technology (DeitY) with an intent to get the infrastructure ready for 'Make in India'," M.N. Vidyashankar, IESA president, said.