IESA

Organisation represents the country's electronics system design and manufacturing industry

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

The base year of the study is 2018 while the forecast period is 2019-2026, it said

The India Electronics and Semiconductor Association (IESA) has opened its first international office in Taiwan as India is increasingly looking at the country to feed its growing demand for electronics and the chips that power them and reducing its reliance on China.IESA, which functions as a lobby group for India's electronics manufacturing industry, is not only looking at promoting sourcing components from Taiwan but to also get manufacturers from the country to set up shop in India. "India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries," said Ashwini K Aggarwal, Chairman, IESA.India's new policy to boost semiconductor and electronics manufacturing in the country has been received positively by the industry, but in order for the sector to grow at the pace required collaboration ..