IESA Expands Footprints To Boost Local Manufacturing
Electronics industry body IESA representing the Indian Electronics System Design and Manufacturing (ESDM) industry, today announced the launch of their Hyderabad Chapter. The key objectives of setting up an office in Hyderabad is to widen the eco-system, acquire new members and strengthen the supply chain in the region. This move will boost the electronics, hardware and semiconductor startups and firms in the state with the required support and information. There will also be a large thrust on the Aerospace & Defense manufacturing too. Going forward, the body will open a Pune Chapter soon, it said.
Telangana contributes to 6% of the electronics production in the country and aims to reach a revenue of more than $10Bn and provide employment to 1.75L citizens. The Telangana Government is planning to make Hyderabad as the hub of ESDM and is pursuing to attract investments into the two ESDM clusters at e-City Manufacturing Cluster and Maheshwaram Science Park. With a view to facilitating investments in the electronics manufacturing industry, IESA is gearing up to strengthen operations in Telengana this year.
According to K. Krishna Moorthy, Chairman, IESA, “With this launch, we now have an even more strengthened support to bring India into the global radar for manufacturing innovation. Several policy initiatives have been approved in last few months which include providing very attractive financial investment in electronics manufacturing and providing preference to domestically manufactured electronic goods in all Government procurement as well as all those electronic goods whose use has security implications for the country.”
“This expansion has put us in the right path for the fulfilment of our objectives and aiding the government of India to digitally empower the nation. We are certain that, with the right mix of trained professionals and regional expertise we will make our vision of making India the global hub for innovation a successful reality very soon,” he added.
Commenting on this move, M.N. Vidyashankar, President, IESA added, “We strongly believe that this expansion will fast-forward our operations and enable us to achieve the common goal of giving a boost to design-led-manufacturing.”
This year, Hyderabad will also host DEFTRONICS 2017, the fourth edition of the annual Aerospace, Defence & Internal security focused event. This will be an additional fillip to the Aerospace & Defence sectors. The Indian Aerospace and Defence industry is one of the most lucrative industries with a booming market and an ocean of opportunities for engineering design and manufacturing companies. India’s current requirements on defence are largely catered to by imports. The Global OEM and Indian companies alike are keen to leverage the opportunity of defence contracts, which reflects the success of initiatives like ‘Make in India’.
Earlier this week, IESA opened its second office in Chennai where companies like Flextronics, Motorola, Foxconn, Samsung, Cisco, Sanmina, and Dell have their manufacturing facility. The industry body has its headquarters in Bangalore. “Chennai has a fairly good electronics manufacturing ecosystem. We are beginning to see lot of developmental activity here. There is good start-up consultation happeniing at IIT Chennai,” Moorthy told PTI.
Chennai is known as the electronics manufacturing services (EMS) hub of India with the EMS Corridor stretching from Sriperumbudur to Oragadam. Also, close to 40 percent of electronics for the automotive industry is supported from Tamil Nadu alone.
[With inputs from agencies]
- The Talent Imperatives In A Digital World
- India Says 'Yes' To Net Neutrality; What Does It Mean
- Smart Cities And Iot To Offer Big Business In India
- How Smart Cities Of The Future Can Get Smarter
- Demand For Data Scientists In India Up By Over 400 pc: Study
- iValue, MicroFocus Organize CIO Meet To Discuss IT Infra Challenges
- GST Spurs Sales Of Accounting Software [Infographic]
- Smart Devices To Add Up To $685 Bn to Manufacturing Revenue By 2020: Study
- IT Veteran Neelam Dhawan Joins Ecosystm As Board Advisor
- How Emerging Tech Is Redefining India's Real Estate