India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with Taipei Computer Association (TCA) with an objective to promote ESDM industry cooperation between India and Taiwan. The MoU is part of the collaboration with TCA, under which IESA will extend support to promote investments for India and set-up of the design and manufacturing ecosystem in the country, as well as help the Taiwan-based companies to partner with the Indian ecosystem.
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M. N. Vidyashankar, President, IESA, said, "The ESDM landscape is evolving. Today, Taiwan wants to move ahead and invest in other countries. India is positioned among their priority destination, primarily due to its maturity of the market, availability of talents and the expertise India can bring to the ESDM supply chain with components like designing, embedded system, VLSI, etc."
As defined in the MoU, both IESA and TCA are committed to work together on the ESDM ecosystem and collaborate to develop stronger ties between India and Taiwan by creating opportunities of investment, providing skill enablement for increased job prospects in the ICT segment.
