NASSCOM and IESA join hands to accelerate 'Make in India' initiative

India Electronics and Semiconductor Association (IESA), the trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has entered into an agreement with The National Association of Software and Services Companies (NASSCOM) to expedite the ‘Make in India’ and ‘Digital India’ campaigns of the government for ESDM (Electronic System Design and Manufacturing) and IT.

The MoU will have initial focus on the Defense, Aerospace and IoT space. This partnership aims to create a common agenda that will guide the government and industry to construct policies and an environment leading to the creation of ESDM and IT products, solutions and brands out of India, a release said.

This initiative will help leverage strengths in software services, design and innovation and push major revolution in the economic development of the country through ‘Make in India’ and ‘Digital India’, it added.

Under the initiative, both the entities will work towards improving India’s stature in the IT and ESDM space and bring the nation among the top five global players in the EDSM and IT sector by 2025.

Indian electronic system design and manufacturing (ESDM) market is expected to grow from $76 billion in 2013 to $94 billion in 2015 and touch $400 billion in the near future.

Vinay Shenoy, Chairman, IESA, said, “The collaboration between the two premier Industry Associations NASSCOM and IESA is a natural outcome of similar goals and mindset. NASSCOM traditionally began with IT, ITES and later expanded to Engineering R&D & associated services.

IESA began with semiconductors product development and services and through natural evolution enlarged its scope to cover Electronics Systems Design and Manufacturing. The value of the co-operation lies in the largely complementary and partly overlapping membership, which brings fresher outlook and a more holistic perspective.”

“Smart cities, Defense and ‘Internet of Things’ have been of strong interest for both IESA and NASSCOM. By joining forces, we are now better able to address “Device-Infrastructure-Application” and the interplay between them. Initial focus areas are likely to be policy frameworks, enabling capability build up, knowledge sharing, eco-system discovery & promotion. Others areas will emerge as creative juices from joint working groups begin to flow”, added Shenoy.

R Chandrashekhar, President, Nasscom, said, “India has evolved into a global powerhouse for delivering software and services for customers across geographies and verticals. In recognition of the transformative impact of IT on the Indian economy and the government’s vision of ‘Make in India’, we believe that there is an equal opportunity for India to win the next wave of electronics design led manufacturing. Through this partnership, we are confident to create the right ecosystem to build a foundation for Indian companies to take the lead in this growing sector.”