The India Electronics and Semiconductor Association (IESA) has signed an MoU with MeitY to focus on strengthening the industry's start-up ecosystem
Bengaluru: The India Electronics and Semiconductor Association (IESA) has signed an MoU with MeitY to focus on strengthening the industry's start-up ecosystem. As a part of this engagement, which was announced at the IESA Vision Summit 2019 in Bengaluru last week, IESA will be the industry partner for the ministry’s start up focused activities. IESA is the premier industry body for the Electronics System Design and Manufacturing (ESDM) industry in the country.
IESA exchanged a Letter of Intent with Software Technology Park of India to be the industry partner for the hardware focused centres of excellence (CoEs) across India. As part of this partnership, a digital online platform – E-Playground – will be launched to link all stakeholders of the start-up ecosystem.
STPI will launch over 20 software and hardware focused CoEs across India. The aim of these CoEs will be to spur exchange of ideas, promote knowledge sharing, and support entrepreneurs with market access, technology and mentorship, the company said in a statement.
Dr Satya Gupta, IESA, Executive Council & CEO of SenZopt, said, “India has had very good success in the software and tech services industry for [the] last two decades. We have the right talent and leadership to embark on the entrepreneurship journey. The government and IESA should work together to enable these innovators to develop end-to-end solutions for India and global market place.”
“The difference between local consumption and production of electronics is resulting in a $300-billion import burden for our country. Our aim is to reduce this gap by at least $100 billion through Intelligent Electronics initiatives, design-led manufacturing and skill building. The mega trends of Industry 4.0, Smart Cities, 5G, AI & ML, healthcare and wellness are providing opportunities for large numbers of start-ups from India to work towards bridging this gap as well as cater to the world need,” added Rajesh Ram Mishra, President, IESA.
IESA is working to bring all stakeholders on a common platform to deliberate on a strong ESDM ecosystem, pointed out Anil Kumar Muniswamy, chairman, IESA and managing director, SLN Technologies. "Our aim is to put in place the right policies and infrastructure, encourage start-ups and entrepreneurs by providing support, and work with the industry to provide the right mentorship and guidance for the growth of this industry," he added.
IESA also aims to recognise role models of innovation and excellence in the electronics and semiconductor ecosystem. The Technovation Awards, announced on the Day 1 of the summit, honoured India’s best individual contributors and organisations driving the ESDM industry forward and provide them with a platform to showcase their achievements and product successes.