First overseas office to boost investments in ESDM sector in India
India Electronics and Semiconductor Association (IESA) – the premier trade body representing the Indian electronics system design and manufacturing (ESDM) industry launches its first ever international office in 101 Office Tower Taipei, Taiwan. Dr. Mignonne Chan, Director General, IESA (Taiwan) along with Ashwini K. Aggarwal, Chairman, IESA, and delegates from partner states of Andhra Pradesh, Chhattisgarh and Kerala were present at the IESA – Taiwan office launch. Both India and Taiwan attach immense importance to the event with 100 key players drawn from business, government, academia and media gracing the inauguration.
Ashwini K Aggarwal designated Dr. Mignonne Chan as the Director General of IESA (Taipei Office) by handing over the official seal, followed by various remarks from Gince Mattam, Deputy Director General of the India Taipei Association; Sing-Ying Lee, Director General, Department of International Cooperation & Economic Affairs, Ministry of Foreign Affairs; Dr. Jang-HwaLeu, Director General, Industrial Development Bureau, Ministry of Economic Affairs; Mdm Jen-Ni Yang, Director General, Ministry of Economic Affairs; Chiou Chyou-Huey, Director General, Department of Academia-Industry Collaboration & Science Park Affairs, Ministry of Science & Technology; Dr. Lin-Wu Kuo, Vice Chairman, TAITRA; and Dr. Mumin Chen, Secretary General, Taiwan-India Parliamentary Friendship Association.
Taiwan has played an indispensable role in the world of semiconductor manufacturing over the past 2 decades. The strengths of Taiwan in the eyes of the world are its high-quality talent pool with strong work ethics; a supportive business-friendly government and regulatory environment; a strong quality-focused technology manufacturing ecosystem that drives a cost-competitive infrastructure; and business leaders’ far-sighted vision on industry upscale and timely restructuring.
Ashwini K Aggarwal said, “The Taiwan office inauguration is part of IESA’s goal to improve collaboration on manufacturing capabilities between Taiwan and India. India has seen emerging green shoots in the electronics, systems design and manufacturing space in the recent times. It has received a strong response to its ESDM policies and has seen evolution of its Solar Fab and a number of marquee industries. We are very excited by the synergies that the countries would derive from this partnership. Taiwan is the home to one of the most robust semiconductors & electronics ecosystems in the world and is by far the largest consumer of semiconductor materials. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. The new office will be managed by Dr. Mignonne Chan. We thank Dr. Chan and her team for efforts put forward in making this inauguration a success.”
Dr. Chan said, “It is an honor to be part of the IESA initiative. We look forward to contributing to IESA’s mission of enhancing supply-chain-connectivity by promoting investment to India from Taiwan and elsewhere in the region.”
In 2015, India’s ESDM industry was sized at US$82 billion growing at a CAGR of 8% from 2013. By the end of 2017 the sector will become a $100+ billion opportunity and is forecast to grow further at a CAGR of 16- 23% to reach US$171-228 billion by 2020.
