TECHNOLOGY-IESA-TAIWANIESA opens first overseas office in Taipei

Bengaluru, Aug 21: To boost global investments in the electronics manufacturing sector, the India Electronics and Semiconductor Association (IESA) has launched of its first ever international office 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 - Taiwan office launch, yesterday. 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, an IESA release said here today. Speaking at the launch, Mr Aggarwal said Taiwan office inauguration was 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,'' he said. He said India had a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. In 2015, India's ESDM industry was sized at USD 82 billion growing at a CAGR of 8 per cent from 2013. By the end of 2017 the sector will become a USD 100 billion opportunity and is forecast to grow further at a CAGR of 16 - 23 per cent to reach US$171-228 billion by 2020. UNI