Emphasis on promoting trade relations, knowledge transfer and development of ESDM supply chain
India Electronics and Semiconductor Association (IESA), the trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, has signed a Memorandum of Understanding (MoU) with Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) with an objective to promote ESDM industry co-operation and investment promotion to benefit both Indian and Taiwanese companies.
The collaboration will focus on establishing strong India-Taiwan relationship and create a differentiating proposition for India in the field of electronics and ICT. Moreover, IESA will encourage Taiwan-based electronics companies to bring more investments and commitments to the ICT ecosystem in the country and also, partner with Indian companies around technology and knowledge transfer.
Last September, IESA had signed a MoU with Taiwan Computer Association (TCA) to work together and create opportunities of investment, providing skill enablement for increased job prospects in the ICT segment. Today’s announcement furthers the commitment with Taiwan and fortifies IESA’s intent in setting up the International Investment Promotion Cell, to support Government of India’s “Make in India” notion, for encouraging international investments in the Indian ESDM sector. International collaborations, driven by IESA are expected to establish a stronger ecosystem within India and reduce the nation’s electronics import to ensure significant contribution to the Indian Economy.
Commenting on the collaboration, M. N. Vidyashankar, President, IESA, said, “This partnership will SPEED UP industry government relations promoting faster economic development. We acknowledge TEEMA’s effort in bridging India-Taiwan electronics segment and taking India’s potential to the next level.”
“Taiwan has introduced the world to advanced technology, with its expertise to foresee the next era of technology demand and deliver accordingly. However, we feel India has the best talent for driving innovation in this space,” said Roger Liao, Director, TEEMA.