The two associations agreed to foster collaboration and identify potential opportunities in upcoming semiconductor and microelectronics sector in the country
In the backdrop of Semicon India 2022 being organised in Bengaluru by Ministry of Electronics & IT, SEMI President and CEO Ajit Manocha met ELCINA Leaders in New Delhi to explore collaboration opportunities for promoting the Semiconductor and electronics industry.
The vision of the industry leaders is to catalyse the industry in India and support investors by ensuring that the benefits of the Semiconductor and other schemes under National Policy on Electronics are delivered to them and targets achieved.
The two associations agreed to foster collaboration and identify potential opportunities in upcoming semiconductor and microelectronics sector in the country and work to realise the potential.
US-based SEMI is the global industry association comprising companies involved in the semiconductor, electronics design and manufacturing supply chain.
Sanjay Agarwal, President ELCINA said, “ELCINA is dedicated to serving electronics manufacturing across verticals and supporting Semiconductor manufacturing is a matter of pride for us. Some of our long-term members are manufacturing Discrete semiconductors and devices and our collaboration with SEMI will strengthen our efforts and enable the growth of this high-tech segment. Our strengths are complementary, and this will have very encouraging results in the times to come. ELCINA can provide an interactive and vibrant platform in India to global companies represented by SEMI and hand holding them to successfully establish operations in India and avail benefits of the schemes formulated by the Central and State Governments of India. We are dedicated to work to provide a seamless and positive experience in India”.
Ajit Manocha said, “The partnership with ELCINA will be beneficial for the entire industry. Some tough lessons had been learned from the geo-political issues over the last 2-3 years which had shaken up the confidence of global companies”.
He added, “India had not taken advantage of the opportunities which had emerged while smaller economies such as Vietnam and Philippines had been able to gain more. The new Semiconductor Policy announced by Ministry of Electronics & IT is well thought out and much better geared to catalyse the growth of the semiconductor industry in India.”
Dr Ashwini Agarwal, Director, Applied Materials highlighted the “huge potential for ELCINA to work together to promote the semiconductor industry in line with ‘Make in India’ opportunity. There was a need for a strong focus on B2B engagement and collaborations for investment and market promotion.”
