The Indian Electronic and Semiconductor Association of India (IESA), the national trade body representing over 280 members in the electronics system design and manufacturing (ESDM) industry is keen to partner with Telangana government to make Hyderabad a global manufacturing hub in the ESDM space.
IESA has been providing policy recommendations and a platform for the industry to collaborate for the growth of ESDM in India. According to the association, Indian semiconductor component market will touch $32.35 billion by 2025, growing at a compounded annual growth rate of over 10 percent between 2018 and 2025 and Hyderabad has a big role to play.
Anil Kumar Muniswamy, chairman, IESA, told Telangana Today, “Hyderabad has capabilities in both software and hardware development and makes it a unique city to enable growth in the ESDM sector if it also creates manufacturing infrastructure. There are unlimited opportunities for Hyderabad to grow. Bengaluru is saturating and there is a clear advantage for Hyderabad as the latter has a strong presence in IT and Defence sectors. Hyderabad can lead the second phase of growth for India in electronics.”
Telangana government should invest in electronics manufacturing as there is going be a need for scaling up production for another 20 years. Manufacturing is going to bring many jobs.
He informed, “We are holding our flagship event Vision Summit 2019 on 19th and 20th of February this year in Bengaluru. IESA wants to create a platform to discuss how India’s ESDM ecosystem can be developed. We are inviting K T Rama Rao to the summit. We also want to explore if we can create an Electropreneur Park in Hyderabad in collaboration with Telangana government. We believe that Telangana government can create a world-class infrastructure for electronics/semiconductor manufacturing facilities by attracting large MNC anchor units.”
IESA has seen the potential of electronics capabilities in Hyderabad and the city can become a major growth driver for the country. Several industrial parks have failed in the north. Telangana can set a benchmark for other States.
“IESA is keen to work together with Telangana Government and create a Vision Group. The association can bring industry leaders to the State to explore investment and partnership opportunities,” he informed.
Meanwhile, Telangana has made its mark in the IESA’s nationwide Makeathon that concluded last month in New Delhi, where Sanjay Prakash and Naveen Kumar from Wearberry Soft Solution India, Warangal, emerged as winners. The Makeathon, which was rolled out in July 2018, shortlisted 19 teams from over 1,500 plus applications from across the country, after intense mentoring and evaluation. It was aimed to encourage innovation and entrepreneurship in the ESDM space.―Telangana Today