India Semiconductor Association (ISA), which represents the electronic manufacturing and semiconductor industry, rechristened itself as the India Electronics and Semiconductor Association (IESA).
While inaugurating the 8th IESA Vision Summit 2013 in Bangalore today, IESA also unveiled its new charter, which will represent a broader spectrum to include the larger ecosystem of companies and organisations involved in the design and manufacture of electronics products.
“The semiconductor industry cannot grow unless the larger electronics industry grows. While consumption of electronic products is growing explosively in India, 66 per cent of these products are imported and this number is growing,” IESA Chairman Satya Gupta said in a statement.
Considering this growth in consumption and imports, it is critical that India takes urgent steps to bridge this gap, he added.
With the renewed focus, IESA is committed to grow a conducive eco-system for the design and manufacture of electronic products domestically and take India to ESDM leadership, Gupta said.
“Given the current market opportunities, policy environment, and the urgent requirement of the country, the IESA is widening our scope from semiconductors and embedded systems to the larger electronics system design and manufacturing industry,” IESA President P.V.G. Menon said.
Set up in 2005, IESA has over 170 members — both domestic and multinational enterprises.