industry veterans, start-ups, venture capitalists and technology leaders expected as attendees. The first day will celebrate design, including a workshop on designing with FDSOI led by SOITEC and IMEC. The highlight on February 22 will be on manufacturing with a track session on Flexible Electronics – Trends and Challenges by Smile Electronics; Western Digital; Lam Research India & National Centre for Flexible Electronics, IIT-kanpur. The day will continue to emphasise on manufacturing with the panel on Manufacturing challenges for Indian EMS led by foxconn, Sricity, Bosch and SFO Technology. Last year’s Vision Summit focused on the action plan consisting of – Talent Development, Strengthen Start-up Ecosystem, Industry-academia involvement and IP Creation. The electronics manufacturing services (EMS) industry is expected to grow at a CAGR of 9% over the next five years.
Even as India’s manufacturing scene is changing much faster than predicted, things are still not at the level that allows us to compete on a global scale. This year, the allocation and incentives of schemes like M-SIPS and EDF to Rs 745 crore will reflect a strong commitment to promote local value additions in electronics manufacture. The overall tax reliefs given to start ups and MSME’s will boost sustainable employment and the quality of start-ups in the design led manufacturing sector. K. Krishna Moorthy, Chairman, IESA setting expectations said,”India’s ever growing consumption and demand for electronics is posing a challenge and an opportunity for the country.
The challenge is about reducing the import bill which today is at approximately 70% of the demand a situation which could soon spiral out of control. It is essential for the Indian ESDM to own the design and IP if it were to meet the target of zero import in the next 5 years and herein lies the opportunity for the Indian ESDM ecosystem to raise the bar and meet the challenge by developing and manufacturing electronics systems and components required for the country. We are working with different stakeholders in the Government of India and many state governments in creating supportive policies and infrastructure in design, manufacturing and skill development.
IESA today represents larger breadth of organizations involved in the design and manufacture of electronics products. We aim at providing a platform that will support Indian companies especially start-ups gearing up for indigenous design and manufacturing and developing new technologies.