ITI signs MoU with IESA to set up electronics system design manufacturing ecosystem

Image
ANI
Last Updated : Oct 11 2019 | 3:20 PM IST

State-owned ITI Ltd has signed a memorandum of understanding with India Electronics and Semiconductor Association (IESA) to strengthen the electronics system design and manufacturing ecosystem in the country.

Under the pact, ITI will provide infrastructure to manufacture electronic products with special focus on telecom and allied smart electronic products.

The MoU envisages setting up an infrastructure to enable ITI to develop an intelligent electronics ecosystem in the country inclusive of product design, development, and manufacturing with a focus on areas telecom, Internet of Things, smart cities, smart manufacturing, smart agriculture, and others.

IESA will be the exclusive knowledge and transformation partner for unlocking the value of in-house knowledge, technologies, expertise and of spareable, de-licensed, large physical infrastructure of ITI.

The initiative will facilitate small and medium enterprises and start-ups to utilise ITI's existing infrastructure for prototyping, testing, and certification purpose, according to a statement.

"The initiative not only opens the door for small and medium enterprises but also enables them to reach out to the global market for their indigenous electronic products," said ITI's Chairman and Managing Director R M Agarwal.

"IESA is deeply committed to developing India as a global hub for design-led manufacturing in intelligent electronics through its continued partnership with the industry, government, and academia," said Jitendra Chaddah, Chairman of IESA and Senior Director for strategy and operations at Intel India.

IESA a not-for-profit industry body that works towards enhancing and promoting made-in-India products for world markets.

ITI has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R & D centre in Bengaluru and eight regional offices at Bengaluru, Bhubaneshwar, Chennai, Hyderabad, Kolkata, Lucknow, Mumbai, and New Delhi besides 17 area offices across the country.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 11 2019 | 2:57 PM IST

Next Story