FICCI and IESA Ink MoU to Promote India's Semiconductor and Electronics Sector By CIOTechOutlook Team

FICCI and IESA Ink MoU to Promote India's Semiconductor and Electronics Sector

CIOTechOutlook Team | Thursday, 16 May 2024, 05:16 IST

India Electronics and Semiconductor Association (IESA) marked a Memorandum of Understanding (MoU) with Federation of Indian Chambers of Commerce and Industry (FICCI) to advance technology, support the semiconductor and electronics industry, fortify stock chains, and encourage improvement of the environment in India with worldwide effect.

The two firms marked the MoU as a drive to act and enhance crucial and emerging technologies in India.

"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" said SK Pathak, Secretary General, FICCI.

Emphasizing the significance of the partnership with FICCI in advancing India's status as a global center for electronics design and manufacturing, the President of IESA, Ashok Chandak, 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."

He additionally featured the cooperative likely between IESA's mastery and FICCI's extensive member network, noticing that this combination could significantly improve speculation and valuable open doors for Indian conglomerates in the semiconductor and electronics sectors.

"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," said Dr Veerappan, Chairperson, IESA.

He has also pointed out the significance of expanding local value expansion and cultivating India's confidence in these crucial industries.