Gandhinagar, August 2, 2023: India Electronic and Semiconductor Association signed two Memorandums of Understanding (MoU) with the state of Gujarat and Uttar Pradesh to support the semiconductor ecosystem in India on the sidelines of Semicon India, 2023. The MoU signed with GSEM, Gujarat will be a harbinger of growth with respect to semiconductor manufacturing, packaging and design of the electronics manufacturing and design aspects with a special emphasis on Skilling and creation of fabless entities. The MoU signed with UPLC, Government of Uttar Pradesh will curate semiconductor and fabless policies for the state by a multi stakeholder engagement and focus on establishing hardware centres of excellence besides steering of skilling initiatives. IESA remains committed to development of Semiconductor and ESDM ecosystem in India and is proud to be associated with both these sunrise states to steer and enable all policy and technology initiatives in this space with the overall aim of Atmanirbhar Bharat.
IESA being a Nodal Industry Body in the semiconductor industry helped students and startups to learn about the industry through its FutureSkills program, a transformative initiative aimed at empowering students and fostering a self-reliant future for the Electronics and Semiconductor sectors in India.
The three day event emphasized upon various aspects of developing the semiconductor ecosystem in India. Supporting the vision of Hon’ble PM of India of Atmanirbhar Bharat the event was catalyzing the emerging technologies, infrastructure, policies and industry support. Major companies like AMD, Micron, Cadence, and Foxconn announced significant investments in India. Sessions covered compound semiconductors, display manufacturing, and attracting investments. Themes included sustainability, talent development, and collaboration with global partners. India’s potential as a semiconductor hub was emphasized, stressing the need for a comprehensive policy framework and strong industry-government collaboration to foster growth in the semiconductor industry
IESA also steered a panel discussion, titled “Readiness Assessment: Is India ready to become a semiconductor manufacturing hub?”, brought together key decision-makers and representatives from various state governments and industry experts. The discussion aimed to explore the potential and challenges of establishing India as a global hub for semiconductor manufacturing. Attendees got an opportunity to gain valuable insights from the esteemed panelists who play instrumental roles in shaping the country’s semiconductor policy and infrastructure.
Commenting on the successful event and IESA participation Sanjay Gupta, Chairperson of IESA said “With increasing demand and projected growth, the semiconductor industry is set to reach a market size of $85 billion and create employment opportunities for around 600,000 individuals by 2030, through semicon we have created a path and voice that India can achieve anything and create its own semiconductor hub and create maximum employment as well. IESA has always been on toes for supporting the development and creating collaborating with government and state bodies to harp upon new avenues, opportunities and build India a one stop hub for the semiconductor ESDM industry ”
