Investments up to Rs 2 lakh crore is expected in India in the electronics system design and manufacturing space within the next four years, says industry body IESA.
IESA (India Electronics and Semiconductor Association) president M N Vidyashankar said applications cleared at the Central and state level are worth about Rs 1.5 lakh crore over the last two-and-half years, under various programmes in the ESDM (Electronics System Design and Manufacturing) space.
Vidyashankar said IESA, the trade body representing the ESDM industry in India, would set up front offices in Taiwan (Taipei) by December and Japan (Fukoka) soon to attract investment.
IESA is also mulling opening offices in the US and South Korea.
On the impact of GST on ESDM industry, he said GST would introduce an element of certainty with the rate becoming same/uniform all over India, adding, it’s a huge positive.
Vidyashankar also said that a lot of things are happening on the ground which is conducive for the ESDM sector to grow.
He further notified that today private sector is playing a complementary role in providing land and related infrastructure with plug and play environment. They are developing and selling/leasing land on terms as required by market and investors. Host of private business parks have come up in different states. Things are taking shape in the product development space.
He said automobile sector also saw a similar phase of growth.
By Baishahi Dutta
