The partnership will emphasize skill development, job creation, manufacturing, research, and supply chain enhancements and aims to drive innovation, cultivate talent, and expand business opportunities within the semiconductor sector for both countries.
In a strategic move to strengthen the ESDM ecosystems of India and Singapore, the India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with the Singapore Semiconductor Industries Association (SSIA). This collaboration aims to enhance India’s global position in the ESDM market through partnerships, investments, joint ventures, vocational training, and technology collaborations.
The MoU was signed by Mr. Ang Wee Seng, Executive Director of SSIA, and Ashok Chandak, President of IESA, during the “Semiconductor Business Connect 2024” conference in Singapore. The event focused on empowering SMEs by fostering collaboration and innovation in the semiconductor industry.
Dr. V Veerappan, Chairman of IESA, highlighted SSIA’s role in representing Singapore’s semiconductor sector and emphasized IESA’s commitment to collaborative efforts to develop the ESDM ecosystem. This partnership aims to leverage opportunities in both nations, enhancing resilience and competitiveness in electronics manufacturing.
Ang Wee Seng, Executive Director of SSIA, stated that collaborating with IESA is a step forward in developing globally significant products and services. He expressed confidence that working closely with industry and academia in both countries will strengthen the global footprint in the semiconductor sector, supporting opportunities in India.
Ashok Chandak, President of IESA, noted that this partnership unites two leading industry bodies, bringing together semiconductor companies and experts from both nations. He emphasized that the collaboration marks a key moment in IESA’s strategy to enhance global cooperation, capitalize on opportunities in India, and foster a thriving ecosystem. The partnership is expected to drive talent development, technology transfer, and expand business horizons for both countries.
IESA, SSIA, and Enterprise Singapore are planning to lead a business delegation to India in August 2024 to deepen collaboration and stimulate innovation within the semiconductor sector. Representatives from IESA at the Singapore Connect event included Col Anurag Awasthi, VP of IESA, Mr. Raghu Panicker, CEO of Kaynes SemiCon, Mr. Ved Mall, Director of Marketing and Membership at IESA, Ms. Bhanupriya, and other IESA members. The event also featured an IESA keynote address and a panel discussion on the opportunities between the two countries.
IESA will actively promote a dynamic ecosystem by hosting events and increasing awareness of SSIA among its members. The organizations will also conduct a joint landscape study covering Singapore and India to identify potential business opportunities for SMEs.
