IESA and NASSCOM Partner to speed up ‘Make in India and Digital India’ agenda for ESDM and IT

India Electronics and Semiconductor Association (IESA), the trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry and The National Association of Software and Services Companies (NASSCOM), today signed a Memorandum of Understanding (MoU) to enable India in becoming a leading player in the next era of ESDM and IT. This partnership between the two industry associations aims to create a common agenda that will guide the government and industry to construct policies and an environment leading to the creation of ESDM and IT products,solutions and brands out of India.  This initiative will helpleverage strengths in software services, design & innovation and push major revolution in the economic development of the countrythrough Make in India and Digital India.

IESA and NASSCOM, will drive Vision 2025, with IT and ESDM taking its GDP contribution to 25% and also help the nation to create globally scalable products and brands. Under the initiative, both the entities will work towards improving India’s stature in the IT and ESDM space and bring the nation among the top 5 global players in the EDSM and IT sector by 2025.The broad based MoU will have initial focus on the Defense, Aerospace and IoT space.

Vinay Shenoy, Chairman, IESA commented, “NASSCOM traditionally began with IT, ITES and later expanded to Engineering R&D & associated services. IESA began with semiconductors product development and services and through natural evolution enlarged its scope to cover Electronics Systems Design and Manufacturing. The value of the co-operation lies in the largely complementary and partly overlapping membership, which brings fresher outlook and a more holistic perspective.”

“Smart cities, Defence and ‘Internet of Things’ have been of strong interest for both IESA and NASSOM. By joining forces, we are now better able to address “Device-Infrastructure-Application” and the interplay between them. Initial focus areas are likely to be policy frameworks, enabling capability build up, knowledge sharing, eco-system discovery & promotion. Others areas will emerge as creative juices from joint working groups begin to flow”, added Mr. Shenoy.

R Chandrashekhar, President, Nasscom while talking about the MoU said, “In recognition of the transformative impact of IT on the Indian economy and the government’s vision of “make in India”, we believe that there is an equal opportunity for India to win the next wave of electronics design led manufacturing. Through this partnership, we are confident to create the right ecosystem to build a foundation for Indian companies to take the lead in this growing sector.”