India, Taiwan to jointly chip in for Make in India
- Livemint" target="_blank">Livemint
- March 25, 2015
New Delhi: India Electronics and Semiconductor Association (IESA), an industry lobby, on Tuesday said it signed a memorandum of understanding (MoU) with Taiwan Electrical and Electronic Manufacturers’ Association (Teema) to promote cooperation and investment between Indian and Taiwanese companies in the electronic system design & manufacturing (ESDM) industry.
The partnership is targeted at “establishing strong India-Taiwan relationship” and “creating a differentiating proposition for India in the field of electronics and ICT (information and communication technology).”
Under the pact, IESA said it will encourage Taiwan-based electronics companies to bring more investments and commitments to the ICT ecosystem in the country and also partner with Indian companies in technology and knowledge transfer.
In September, IESA signed an MoU with Taiwan Computer Association (TCA) to promote investment in the sector as well as skill development.
“India is positioned among priority destinations for electronics innovation, development and manufacturing, primarily due to its maturity of market, availability of talent and the expertise India can bring to the ESDM supply chain with components like designing, embedded system, very-large-scale integration (VLSI) etc.,” said M.N. Vidyashankar, president, IESA. “This partnership will speed up industry government relations promoting faster economic development.”
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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