From Our Special Correspondent
Daijiworld Media Network
Bangalore, Feb 21: India Electronics and Semiconductor Association (IESA), the premier trade body, representing the Indian electronic system design and manufacturing (ESDM) commenced IESA Vision Summit 2017 in Bengaluru on Tuesday.
The 12th edition of Vision Summit focused on the central theme of Design led Manufacturing- Redefining the future of India’s ESDM.
It will feature large and medium sized IT companies as well as the starts ups. IESA is working along 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.
The inauguration of the summit was by Rajiv Bansal, Joint Secretary, MeitY, Government or India, Ravi Gururaj, President, TiE Bangalore and K Krishna Moorthy, Chairman, IESA.
The Summit attracted thought provoking keynotes, panel sessions and workshops from CXO’s of global majors like Cypress Semiconductors, Rambus, Qualcomm, IBM, Tessolve, Seagate, Western Digital, MediaTek, Applied Materials and IMEC, Lam Research, Soitec and many others. The event also attracted delegations from Japan, Scotland, Taiwan and Philippines, France, Belgium and USA.
The workshops on “Designing with Fully Depleted Silicon-on-Insulator (FDSOI) technology for IOT products, Creating ESDM Product Innovation Hubs on Campus” and “India Digital Broadcast” was also well received by the attendees of Vision Summit 2017.
The Summit also marked the announcement of IESA - EY executive summary report highlights which stated India’s ESDM sector to optimistically reach about US $ 228 billion by 2020. It also added that, the $ 100+ billion opportunity in 2016-17 will grow further at a CAGR of 16-23 %.
Apart from sector specific drivers, the forecasts are based upon overall GDP growth of India, currency movement, inflation, existing trade agreements, consumer sentiments, potential government consumption, existing government policies, investments (foreign and domestic), manufacturing entities (existing Indian players, foreign players, Indian conglomerates, start-ups) and type of value addition in India.
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 $ 0.5 billion in 2013 to $ 1.0 billion 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 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 crore.
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.