FICCI-IESA sign MoU to boost India's semiconductor and electronics industry

May 15, 2024

BENGALURU, 15 May 2024: The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) yesterday signed a Memorandum of Understanding (MoU). As a part of the Initiative on Critical & Emerging Technologies, the MoU establishes a framework for long-term collaboration between the two organizations to promote innovation, support semiconductor and electronics industry, strengthen supply chains, and foster development of the ecosystem in India with global impact.

 

Mr S K Pathak, Secretary General, FICCI, said, "This collaboration will work on setting up joint task force on semiconductor and critical technologies of the future. Conducting technology consultative roundtables, fostering business partnerships would be the core objective of this MoU."

 

While signing the MoU, Mr Ashok Chandak, President, IESA said, “This strategic partnership with FICCI is a momentous step in our journey in transforming India into a global hub for electronics design and manufacturing. By synergizing IESA’s domain expertise and FICCI's influential member network, we are poised to multiply the India conglomerates Investments and foray in the Semiconductors and Electronics.”

 

Dr Veerappan, Chairperson, IESA said, “Together, we will unlock new frontiers of growth and propel the nation's semiconductor and electronics industries to unprecedented heights with increased local value addition and India’s self-reliance.”