Dr. Mignonne Chan, Director General, IESA (Taiwan) along with Mr. Ashwini K. Aggarwal, Chairman, IESA and delegates from partner states of Andhra Pradesh, Chhattisgarh and Kerala were present at the IESA – Taiwan office launch in addition to the many distinguished guests from Taiwan.India Electronics and Semiconductor Association (IESA), the trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry, announced the launch of its first ever international office situated in Taipei, Taiwan.
Director General Mr. Lee says, “Taiwan’s ICT industry is one of the world’s key players. Some already have their manufacturing facilities in India. Ministry of Foreign Affair is pleased to welcome the IESA (Taipei Office), which will enhance India-Taiwan business collaboration.”
Dr. Lin-Wu Kuo, Vice Chair of TAITRA, said, “We TAITRA attach great value to India-Taiwan bilateral relations and have recently set up an in-house India Center to seal closer relationship in the future. We look forward to collaborating closely with IESA (Taipei Office) with concrete win-win projects in the future.”
Taiwan has played an indispensable role in the world semiconductor manufacturing over the past 2 decades. The strengths of Taiwan in the eyes of the world, are its high-quality talent pool with strong work ethics; a supportive business-friendly government and regulatory environment; a strong quality-focused technology manufacturing ecosystem that drives a cost-competitive infrastructure; and business leaders’ far-sighted vision on industry upscale and timely restructuring.
Speaking at the launch, Mr. Ashwini K Aggarwal, Chairman, IESA commented, “Taiwan is home to one of the most robust semiconductors & electronics ecosystems in the world and is by far the largest consumer of semiconductor materials. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. The new office will be managed by Dr. Mignonne Chan. We thank Dr. Chan and her team for efforts put forward in making this inauguration a success”
The Taiwan office was inaugurated by Mr. Ashwini K. Aggarwal, Chairman, IESA; Dr. Mignonne Chan, Director General, IESA; Anilkumar Muniswamy, Vice Chairman, IESA and the State Government officials Nirmalata M, Vice President, IT Promotions, Electronics and Information Technology Agency, Govt. of Andhra Pradesh, Sh. Keerthi Lal Kala, Principal Investment Officer, Chhattisgarh Infotech Promotion Society (CHiPS), Sh. M. Sivasankar, Secretary, IT & Electronics Department and OSD to Chief Minister, Government of Kerala on August 21st, 2017 at Taipei 101 Office Tower.
In 2015, India’s ESDM industry is sized at US$82 billion growing at a CAGR of 8% from 2013. By the end of 2017 the sector will become a $100+ billion opportunity and is forecast to grow further at a CAGR of 16- 23% to reach US$171-228 billion by 2020.