US$228 billion by 2020 says IESA and EY report announced at Vision Summit 2017; “Design led manufacturing to amplify growth of India’s ESDM industry” said IESA
India Electronics and Semiconductor Association (IESA), the premier trade body, representing the Indian electronic system design and manufacturing (ESDM) today commenced IESA Vision Summit 2017. This is the 12th edition of Vision Summit focused on the central theme of Design led Manufacturing- Redefining the future of India’s ESDM. This edition will feature large and medium sized IT companies as well as the starts ups. IESA is working along with the Central/State Government in developing policies and taking measures to scale up indigenous production in India to meet the rising demand for electronics.
The riveting inauguration of the summit was addressed by Sh. Priyank Kharge, Hon’ble Minister IT & BT and Tourism, Govt. of Karnataka, Sh. Rajiv Bansal, Joint Secretary, MeitY, Govt. of India, Ravi Gururaj, President, TiE Bangalore and K Krishna Moorthy, Chairman, IESA.
The Summit attracted thought provoking keynotes, panel sessions and workshops from CXO’s of global majors like Cypress Semiconductors, Rambus, Qualcomm, IBM, Tessolve, Seagate, Western Digital, MediaTek, Applied Materials and IMEC, Lam Research, Soitec and many others. The event also attracted delegations from Japan, Scotland, Taiwan and Philippines, France, Belgium and USA. The workshops on “Designing with Fully Depleted Silicon-on-Insulator (FDSOI) technology for IOT products, Creating ESDM Product Innovation Hubs on Campus” and “India Digital Broadcast” was also well received by the attendees of Vision Summit 2017
The Summit also marked the announcement of IESA – EY executive summary report highlights which stated India’s ESDM sector to optimistically reach about US$228 billion by 2020. It also added that, the $100+ billion opportunity in 2016-17 will grow further at a CAGR of 16- 23%. Apart from sector specific drivers, the forecasts are based upon overall GDP growth of India, currency movement, inflation, existing trade agreements, consumer sentiments, potential government consumption, existing government policies, investments (foreign and domestic), manufacturing entities (existing Indian players, foreign players, Indian conglomerates, start-ups) and type of value addition in India.
Other highlights pointed out that, the domestic manufacturing for Electronic Products has been growing at a CAGR of 17% which is expected to increase further over next 5 years. Electronic Manufacturing Services segment has seen a huge growth over the past two years and has grown from $0.5bn. in 2013 to $1.0 bn. in 2015. Indian EMS market is estimated to witness exponential growth of 42-68% over the next five years to reach US$6-13.2 billion.
Many IESA Member companies highlighted their commitment to Make in India through investments as a part of M-SIPS approvals. The total combined investment is envisaged to be more than Rs. 1,700 crores. Senior officials from the state governments of Karnataka, Kerala, West Bengal, Chhattisgarh and Jharkhand highlighted the formulation and implementation of ESDM policies in their respective states.
In his inaugural speech, K. Krishna Moorthy, Chairman, IESA said “We see the year ahead as a year where the ESDM industry will scale up in value addition and value proposition. With the ongoing digital revolution in the country and the thrust from the government to use technology to improve governance delivery to the people, the requirement for developing new and better innovative products and solutions are growing by the day. This has opened up a number of opportunities to promote both product and solutions development and manufacturing them in our country. IESA believes in an integrated approach which is sustainable over a long period of time and hence are focusing on Design and IP ownership as a significant component in our efforts to boost and sustain the manufacturing eco system. Our efforts in recent years to make India grow in different spheres of the ESDM eco system has brought out the need for a continuous development of four key aspects namely- Start up growth, Talent development, Technology exposure and design ownership. Our efforts in the recent years have been to set these pillars of growth and create sustainable growth engine in ESDM. Our close association with the central and state governments as well as prominent institutions and industry members have encouraged us to become future ready.”
Highlighting the involvement of various state governments in the conclave, Mr. M. N. Vidyashankar, President, IESA said, “We are a trusted advisory to the Government of India, and have been advocating India’s stance as an ESDM powerhouse. We believe that designing is a crucial component for the development of a successful innovation. At Vision 2017, we are not only promoting local manufacturing but also focusing on the relevance of design led manufacturing and its contribution towards the growth of India’s ESDM sector. With the allocation and incentives of schemes like M-SIPS and EDF to Rs745 crore in this year’s budget, we strongly believe that India will be the next manufacturing powerhouse of the globe.”
Technovation Awards 2016 categories and winners • Most Promising Startup Company – Cyclops MedTech Pvt. Ltd. and Sagar Defence Engineering Pvt. Ltd. • TechnoVisionary – Life Time Achievement Award – Dr. PP Chakraborty, IIT Kharagpur • Techno Mentor Award – Dr. Deepak Gupta, IIT Kanpur • Techno Inventor (PhD Thesis) – Dr. Ashis Maity, IIT Kharagpur • Techno Inventor (Masters) – Anoop Narayan Bhat, IIT Madras • Techno Graduate Innovator – Sourabh Alagundagi, Sandeep Patil and Shreya Gudasalamani, B. V. Bhoomaraddi College of Engineering and Technology
Vision Summit 2017 is aptly titled “Design-Led Manufacturing- Redefining the future of India’s ESDM” since ESDM has already been established as the sunrise sector where the next manufacturing boom is happening. At this conference, we bring you thought leaders from all verticals associated with this sector to discuss, debate and figure out ways to make IP creation happen in India. Let’s put our heads together to plan on solutions to make India the global manufacturing hub for ESDM.
