Kerala to work closely with IESA to facilitate Taiwanese Investments in the State – M Sivasankar India Electronics & Semiconductor Association (IESA) sets up its First Overseas Office in Taipei Launch of Taipei Office to boost investments in ESDM sector in India
Trivandrum, 23 August 2017: India Electronics and Semiconductor Association (IESA) – the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry, announced the launch of its first ever international office in Taipei, Taiwan. Dr. Mignonne Chan, Director General, IESA (Taipei Office) along with Mr. Ashwini K. Aggarwal, Chairman, IESA and delegates from partner states of Andhra Pradesh, Chhattisgarh and Kerala were present at the IESA – Taipei Office launch in addition to the many distinguished guests from Taiwan. Mr. Ashwini K Aggarwal, Chairman, IESA, designated Dr. Man-Jung Mignonne Chan as Director General of IESA (Taipei Office) by handing over the official seal.
Sh. M. Sivasankar, Secretary, IT & Electronics Department and OSD to Chief Minister, Government of Kerala stated, “We would like to congratulate IESA on this partnership. We hope to work closely with IESA to facilitate Taiwanese investments in the state to boost Kerala’s electronics manufacturing capacity and the start-up ecosystem. With Kerala’s well-established infrastructure including modern airports and sea ports, and, progressive policies, we believe that our state is well positioned to support the Taiwanese companies setting up their facilities in the state.”
Mr. Ashwini K Aggarwal, Chairman, IESA said, “The Taipei Office inauguration is part of IESA’s goal to improve collaboration on manufacturing capabilities between Taiwan and India. India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. It has received a strong response to its ESDM policies and has seen evolution of its Solar Fab and a number of marquee industries. We are very excited by the synergies that the countries would derive from this partnership. Taiwan is home to one of the most robust semiconductors & electronics ecosystems in the world and is by far the largest consumer of semiconductor materials. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. The new office will be managed by Dr. Mignonne Chan. We thank Dr. Chan and her team for efforts put forward in making this inauguration a success.”
Speaking at the launch, Dr. Chan said, “It is an honor to be part of the IESA initiative. We look forward to contributing to IESA’s mission of enhancing supply-chain-connectivity by promoting investment to India from Taiwan and elsewhere in the region.”
Taiwan has played an indispensable role in the world semiconductor manufacturing over the past 2 decades. The strengths of Taiwan in the eyes of the world, are its high-quality talent pool with strong work ethics; a supportive business-friendly government and regulatory environment; a strong quality-focused technology manufacturing ecosystem that drives a cost-competitive infrastructure; and business leaders’ far-sighted vision on industry upscale and timely restructuring. In 2015, India’s ESDM industry is sized at US$82 billion growing at a CAGR of 8% from 2013. By the end of 2017 the sector will become a $100+ billion opportunity and is forecast to grow further at a CAGR of 16- 23% to reach US$171-228 billion by 2020.