The India Semiconductor Association (ISA) has unveiled their new charter at the inauguration of the 8th IESA Vision Summit 2013 in Bangalore.
According to the new charter, the organization will now be known as the India Electronics and Semiconductor Association (IESA).The new charter will represent a broader spectrum to include not just semiconductor companies but the larger network of companies and organizations involved in the design and manufacture of electronics products.
Satya Gupta, Chairman of the newly rebranded IESA stated, “The semiconductor industry cannot grow unless the larger electronics industry grows. While consumption of electronic products is growing explosively in India, according to the 6th ISA F&S Report on the ESDM industry, 66% of these products are imported and this number is growing. Considering this growth in consumption and imports it is critical that India takes urgent steps to bridge this gap. With the renewed focus IESA is committed to grow conducive eco-system for design and manufacturing of electronic products domestically and take India to ESDM leadership.
“This sharpened focus on the complete ESDM value chain coincides with the very welcome change from policy makers. It is but natural that the name of the Association is changed to reflect this new charter and lead India towards “innovation led design and design led manufacture,” said PVG Menon, President, India Electronics and Semiconductor Association (IESA).
With its new charter, IESA hopes to make India a true global leader in electronics.
