Prime Minister Narendra Modi’s latest
Make In India campaign will benefit Electronic System Design And Manufacturing (ESDM)
industry and is projected to see investment proposals worth Rs10,000 crore over
the next two years, According to industry body India Electronics and
Semiconductor Association (IESA).
Launching industry-wide initiatives to
help the government promote design-led manufacturing in the Indian ESDM space,
the association said it will set up an international investment promotion cell
to encourage foreign investments and form alliances with trade bodies from
Japan, Taiwan, the US, Singapore and other countries to facilitate technology
transfers to India.
"The ESDM industry is likely to
garner Rs 10,000 crore of investment proposals, in addition to current two
semiconductor fabs (fabrication projects)," said Ashok Chandak, chairman
of the IESA. At present, according to industry estimates, only one in three
investment proposals in the ESDM space gets approved.
The industry body has also been working
with the department of electronics and information technology to set up
incubation centres for product start-ups.
This includes an incubation centre in
the Delhi-National Capital Region. Bangalore, Pune and Indore, and states of
Kerala and Odisha, among others, have been shortlisted for opening the
remaining incubation centres.
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