Monday, September 15, 2014: The India Electronics and Semiconductor Association (IESA) and Taipei Computer Association on Thursday signed an agreement to promote local manufacturing in field of electronics and semiconductors.
Owing to the Indian prime minister’s message to emphasis more over domestic manufacturing, country has now set a pace with Taiwan to promote local manufacturing of products. The collaboration with countries such as Taiwan, which are known as a leader in the field of manufacturing and electronics, IESA will look forward to capitalise on its expertise knowledge.
Talking about the collaboration, M N Vidyashankar, president, IESA said, “They are seeing about 200-300 acres of land, for setting up a Taiwanese hardware park. On merit they will zero in on one or two of these places.” He mentioned that one of the top builders of Taiwan, Century Developers has shown interest in developing these sites.
The front office has been set up in Bangalore by the association. They even visited Karnataka, Noida, Gurgaon and Ahmedabad to mark them as potential sites to develop tech hub. The Modi government has been focused about domestic development of electronic products. India’s electronics import bill is expected to go up by $400 billion, an amount that even exceeds the oil imports.
The Department of Electronics and Information Technology (DeitY) is looking forward to join hands with the experienced players to develop manufacturing clusters. Dr Ajay Kumar, the joint secretary at DietY said, “We have received proposals worth about Rs 700,000 million in the last 18 months or so. All of them are from abroad from US, Japan, Korea, Taiwan.”
