The India Electronics and Semiconductor Association (IESA) has launched its first ever international office situated in Taipei, Tiawan.
The office is housed in the Taipei 101 Office Tower, with the official launch attended by 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 in addition to the many distinguished guests from Taiwan.
According to IESA, 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.
Mr. Sing-Ying Lee, director general of the Department of International Cooperation & Economic Affairs and the Ministry of Foreign Affairs, says Taiwan's ICT industry is one of the world's key players.
“Some already have their manufacturing facilities in India. The Ministry of Foreign Affairs is pleased to welcome the IESA (Taipei Office), which will enhance India-Taiwan business collaboration,” Mr. Lee says.
Mr. Lee also stressed the critical role Taiwan has to play 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 is excited about the prospects the new venture into Taiwan brings.
"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,” says Dr. Kuo.
“We look forward to collaborating closely with IESA (Taipei Office) with concrete win-win projects in the near future."
IESA asserts 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.
IESA chairman, Mr. Ashwini K Aggarwal spoke at the launch and commented on 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,” Dr. Aggarwal says.
“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.”
According to IESA, in 2015 India's electronics system design and manufacturing industry was sized at US$82 billion growing at a CAGR of 8 percent 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.