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The India Electronics and Semiconductor Association (IESA) on Wednesday launched a report that examined the policies and incentives offered by the Centre and 14 states on the Semiconductor and ESDM (Electronics System Design and Manufacturing) sector.
IESA’s latest report compares and contrasts the various policies and incentives offered by different states, and provides insights and recommendations for stakeholders.
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It also gives insights and recommendations for the industry and policymakers to take the necessary steps to make India a global destination for the industry.
IESA, as the voice of the industry, will continue to work with the government and stakeholders to create a conducive ecosystem for this sector, the report said.
Around 8 states, including Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, Telangana, and Uttar Pradesh, have come up with a clear mention of catering to the semiconductor industry. Of these, 4 states (Gujarat, Odisha, Tamil Nadu, and Uttar Pradesh) have already come up with a specified Semiconductor Policy.
“The Semiconductor and ESDM sector is vital for India's economic and social progress, as it enables innovation and value creation across domains such as healthcare, education, agriculture and defense," said Ashok Chandak, president, IESA.
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"India has a huge opportunity to leverage its strengths in design, talent, and market to become a global leader in this sector. At IESA, we are committed to facilitating collaboration and partnership among the government, the industry, the academia, and the research institutions to create a vibrant and thriving ecosystem for the Semiconductor and ESDM sector in India. This report is another step in this direction,” Chandak added.
