The India Semiconductor Association (ISA), the premier trade body, representing the Indian Electronic System Design and Manufacturing (ESDM) and Semiconductor industry, on Thursday unveiled their new charter at the inauguration of the 8th IESA Vision Summit 2013 here.
The new charter will represent a broader spectrum to include not just semiconductor companies but the larger ecosystem of companies and organizations involved in the design and manufacture of electronics products.
In tandem with the new charter, the organization will now be known as the India Electronics and Semiconductor Association (IESA).
"The semiconductor industry cannot grow unless the larger electronics industry grows. While consumption of electronic products is growing explosively in India, according to the 6th ISA F&S Report on the ESDM industry, 66% of these products are imported and this number is growing," said Dr. Satya Gupta, Chairman of the newly rebranded IESA.
"Considering this growth in consumption and imports it is critical that India takes urgent steps to bridge this gap. With the renewed focus IESA is committed to grow conducive eco-system for design and manufacturing of electronic products domestically and take India to ESDM leadership," said Gupta.
"This sharpened focus on the complete ESDM value chain coincides with the very welcome change from policy makers. Given the current market opportunities, policy environment, and the urgent requirement of the country, the IESA is widening our scope from semiconductors and embedded systems to the larger electronics system design and manufacturing industry," said PVG Menon, President, India Electronics and Semiconductor Association (IESA).
"It is but natural that the name of the Association is changed to reflect this new charter and lead India towards "innovation led design and design led manufacture," Menon said.
With its new charter, the India Electronics and Semiconductor Association (IESA) said it hopes to make India a true global leader in electronics.