Bengaluru, January 24, 2024: In a significant development for India’s burgeoning semiconductor and Electronic System Design and Manufacturing (ESDM) sector, the India Electronics and Semiconductor Association (IESA) has released its much-anticipated 2024 Edition of the Compendium of Semiconductor & ESDM Policies in India. Launched by Shri. S. Krishnan, Secretary of MEITY, at the IESA Vision Summit 2024, this comprehensive report is a testament to India’s strategic efforts in becoming a global hub in the semiconductor and ESDM space.
A Guide to Government Policies and Incentives
The report serves as an updated guide to the policies and incentives offered by the Government of India and 14 states, focusing on bolstering the semiconductor and ESDM sector. It highlights the proactive steps taken by states like Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, Telangana, and Uttar Pradesh, with Gujarat, Odisha, Tamil Nadu, and Uttar Pradesh already establishing specific Semiconductor Policies.
Comparative Analysis for Stakeholders
Prepared in collaboration with Feedback Advisory, the report compares and contrasts various state policies, providing valuable insights and recommendations for stakeholders, including government officials, investors, business leaders, entrepreneurs, and future policymakers. It covers a range of aspects such as Manufacturing & Fabless Policy, Fiscal and Non-Fiscal Subsidies, and policies for Fabless Firms.
Comments from IESA Leadership
Mr. Veerappan V, Vice Chairperson of IESA, remarked, “The semiconductor and ESDM sector is key to the digital transformation reshaping the world. With the Indian semiconductor market expected to reach $80.3 Bn by 2028, this report is a comprehensive overview of the various policies and incentives offered to encourage and enhance this sector. We hope it will spread awareness, enable decision-making, and attract more investments and innovations.”
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Mr. Ashok Chandak, President of IESA, stated, “The Semiconductor and ESDM sector is vital for India’s economic and social progress. India has a huge opportunity to leverage its strengths in design, talent, and market to become a global leader in this sector. At IESA, we are committed to facilitating collaboration among government, industry, academia, and research institutions to create a vibrant ecosystem for this sector. This report is another step in this direction.”
India’s Global Aspirations in Semiconductors
The 2024 Edition of the Compendium of Semiconductor & ESDM Policies is an essential read for anyone interested in understanding the current scenario, opportunities, and challenges of the Semiconductor and ESDM sector in India. It provides insights and recommendations for industry and policymakers to position India as a global destination for the industry. IESA continues to work with the government and stakeholders to create a conducive ecosystem for this vital sector.
About IESA
IESA is the premier trade body representing the Indian semiconductors and Electronics System Design and Manufacturing (ESDM) industry since 2005. It has over 260 members – both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. This is being achieved through publishing credible data, curating events and alliances with other international entities. IESA works closely with the Governments as a knowledge partner on the sector, both at the centre and at the state level. http://www.iesaonline.org
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