Launch of Taipei office to boost investments in ESDM sector in India
India Electronics and Semiconductor Association (IESA) - the premier 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. 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 - Taiwanoffice launch in addition to the many distinguished guests from Taiwan. The office is housed in Taipei 101 Office Tower. Both India and Taiwan attach immense importance to the event with 100 key players drawn from business, government, academia and media gracing the inauguration.
Mr. Ashwini K Aggarwal, Chairman, IESA, designated Dr. Man-Jung Mignonne Chan as Director General of IESA (Taipei Office) by handing over the official seal, followed by many blessings and welcome remarks from Mr. Gince Mattam, Deputy Director General of the India Taipei Association; Mr. Sing-Ying Lee, Director General, Department of International Cooperation & Economic Affairs, Ministry of Foreign Affairs; Dr. Jang-Hwa Leu, Director General, Industrial Development Bureau, Ministry of Economic Affairs; Mdm. Jen-Ni Yang, Director General, Ministry of Economic Affairs; Mr. Chiou Chyou-Huey, Director General, Department of Academia-Industry Collaboration & Science Park Affairs, Ministry of Science & Technology; Dr. Lin-Wu Kuo, Vice Chairman, TAITRA; and Dr. Mumin Chen, Secretary General, Taiwan-India Parliamentary Friendship Association.
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." Director General Mr. Lee stressed on the Bureau of Industrial Development saying, "Taiwan plays critical role in the global semiconductor supply chain. We commend the establishment of IESA (Taipei Office), and look forward to jointly shaping a new era for the bilateral industrial cooperation." Dr. Lin-Wu Kuo, Vice Chair of TAITRA, said, "We at TAITRA attach great value to India-Taiwan bilateral relations and have recently set up an in-house India Center to seal a closer relationship in the future. We look forward to collaborating closely with IESA (Taipei Office) with concrete win-win projects in the near future."
From many of those who were unable to be present in person for the event, both IESA and Dr. Chan received best wishes. Mr. Sridharan Madhusudhanan, Director General, India-Taipei Association, assured Dr. Chan of his 'full support to IESA (Taipei Office)'. Mr. John Deng, Minister-without-Portfolio of the Executive Yuan, said, "This event is a significant landmark for enhancing the Taiwan-India bilateral partnership." DPP Legislator Madam Kuan Bi-Ling, Chairperson, Taiwan-India Parliamentary Friendship Association, also lends her support and congratulates Director General Chan, as a representative of IESA Taipei office, in her words stating, "A person with remarkable international portfolio."
Taiwan has played an indispensable role in the world semiconductor manufacturing over the past two 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, "The Taiwanoffice inauguration is part of IESA's goal to improve collaboration on manufacturing capabilities between Taiwan and India. India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. It has received a strong response to its ESDM policies and has seen evolution of its Solar Fab and a number of marquee industries. We are very excited by the synergies that the countries would derive from this partnership. 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."
Smt. Nirmalata M, Vice President, IT Promotions, Electronics and Information Technology Agency, Govt. of Andhra Pradesh lauded IESA's efforts saying, "The growth of the ESDM industry is a high-priority agenda for the Government of Andhra Pradesh under the visionary leadership of its CM, Sri N. Chandrababu Naidu. The state is a fast-emerging tech hub in India, and, with its investor-friendly policies, is according thrust to both electronic product design and manufacturing. We are also creating the skilled talent pool and building a strong support ecosystem for start-ups to aid research in the electronics and semiconductor industry. We are confident that this collaboration with Taiwan will forge future beneficial partnerships and welcome IESA's efforts in this direction."
Sh. Keerthi Lal Kala, Principal Investment Officer, Chhattisgarh Infotech Promotion Society (CHiPS) said "The on-ground proximity to Taiwanese companies will create a direct connect, strengthen collaborations and enable quicker strategic decision making. Chhattisgarh with its conducive policy framework, enabling infrastructure, efficient governance and lower operational costs, is poised to become the next ESDM hub of India. We believe this initiative of IESA will strengthen the electronics industry not only in Chhattisgarh but across India, enabling the country to achieve its ESDM manufacturing targets."
Sh. M. Sivasankar, Secretary, IT & Electronics Department and OSD to Chief Minister, Government of Kerala stated, "We would like to congratulate IESA on this partnership. We hope to work closely with IESA to facilitate Taiwanese investments in the state to boost Kerala's electronics manufacturing capacity and the start-up ecosystem. With Kerala's well-established infrastructure, including modern airports and sea ports, and progressive policies, we believe that our state is well positioned to support the Taiwanese companies setting up their facilities in the state."
Speaking at the launch, Dr. Chan said, "It is an honor to be part of the IESA initiative. We look forward to contributing to IESA's mission of enhancing supply-chain-connectivity by promoting investment to India from Taiwan and elsewhere in the region."
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 - Smt. 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.
About India Electronics & Semiconductor Association (IESA)
IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing (ESDM) industry and has represented it 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 through publishing credible data, networking events and alliances with other international associations. IESA works closely with the Government as a knowledge partner on the sector, both at the centre and at the state level.
For more details on IESA, visit http://www.iesaonline.org
Media Contact: Priya Tyagi