India Electronics and Semiconductor Association (IESA), the premier industry body for the Electronics System Design and Manufacturing (ESDM) industry in the country, successfully concluded Day 1 of its flagship event – the Vision Summit 2019. The 14th edition of the Vision Summit, themed “Intelligent Electronics and automation- Unleashing the USD 400 billion opportunity”, featured a powerful line-up of speakers includingDr. Walden C. Rhines (CEO, Mentor Graphics- a Siemens Business), Nivruti Rai (Country Head Intel India and VP Data Center Group, IntelCorporation) and other industry experts offering their views on the future of semiconductor and electronics industry by exploring trends, challenges, and opportunities shaping the Indian industry.
The inaugural session was presided over by Shri. Gopalakrishnan – IAS, Joint Secretary, MeitY, Govt. of India and Dr. Omkar Rai, Director General, STPI.Both highlighted the importance of nurturing the start-up ecosystem in the country to promote innovation and encourage innovative disruption.
Key announcementsat Vision Summit 2019
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MoU signed with MeitY:IESA signed an MoU with MeitY to focus on strengthening the start-up ecosystem. As a part of this engagement, IESA will be the industry partner for the Ministry’s start up focused activities
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Letter of Intent with Software Technology Parks of India (STPI): STPI will be unveiling over twenty software and hardware focused Centres of Excellence (CoE) 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. IESA exchanged a Letter of Intent with STPI to be the industry partner for the hardware focused CoEsacross India. As part of this engagement, a digital online platform – E-Playground – will be introduced to connect all stakeholders of the start-up ecosystem.
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Report on the ESDM sector:Dr Satya Gupta, IESA, Executive Council & CEO SenZopt and Ajay Jalan, Founder & Managing Partner, Next Orbit Ventures prepared by Frost and Sullivan,launched an industry report onthe Semiconductor & Electronics Market in India. Highlights of the report:
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The Indian ESDM industry is expected to grow at a CAGR of 21.6% by 2025. This is four times the global growth rate
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The Electronic Product Market has the potential to expand to USD 497 billion by 2025. Smart Phones, Defence and Engine Control Units are the demand creators
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30 products across all segments of electronics constitutes over 79% of the revenue
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The demand for domestic wafer has the potential to reach 17.3 million in volume by FY’25. The top 30 products would contribute to 71% of the total wafer requirement in FY’25
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