Sanjay Gangal is a veteran of Electronics Design industry with over 25 years experience. He has previously worked at Mentor Graphics, Meta Software and Sun Microsystems. He has been contributing to EDACafe since 1999.
Statement from the India Electronics and Semiconductor Association (IESA)
July 10th, 2014 by Sanjay Gangal
Article source: IESA
BJP swept into power a few months ago in India. They have unveiled a new national budget that promises to create a framework to jump-start semiconductor and electronics development in India.
Dr. Kaustubh Nande, Country Marketing Head, ANSYS India commented:
“This budget definitely addresses some long pending reforms particularly on tax and duty structure on electronic imports. However, today’s budget also extends investment deductions to semi-conductor wafer fabrication manufacturing units. This will boost electronics manufacturing and attract a greater share of R&D investments in the country. India needs to build intellectual capital in the long term and this budget perhaps is a good start. A positive and much needed boost to the electronics manufacturing and R&D sector.”
NetApp Anil Valluri, President – NetApp Indian & SAARC commented:
“It is a well-rounded, directional budget which doesn’t overpromise but tackles important issues. The proposal of a Digital India programme which begins with 500 Crore INR to facilitate pan-India broadband connectivity and eGovernance, encourages indigenous hardware and software entrepreneurship and supports a National Rural Internet and Technology Mission is another big step in the right direction. The ambitious project will enable delivery of imperatives such as healthcare and education and financial inclusion to the grass roots, while creating new job opportunity and innovation in the software, hardware and services industries. The 100 Crore INR provided to enable virtual classrooms through the CLICK initiative is a welcome gesture and the conundrum of skill demand and supply has also been addressed with strong initiatives around the IITs and AIIMS. The strong focus on the SME and start up ecosystem is refreshing. But the highlight of this year’s budget is the focus on use of technology to empower infrastructural projects such Smart Cities. The relaxation of FDI eligibility thresholds aimed at the creation of Smart Cities provides the financial platform for technology-enabled urban regions. The introduction of e-Visas is another example of an entire industry benefiting from the adoption of technology. Delivering a stable and comprehensive direct and indirect tax regime will entail a modern technology infrastructure. The re-iteration of adhering to BASEL III norms by 2018 will mean upgradation of compliance and regulatory technology platforms. The introduction of new industrial corridors, incentives for manufacturing units and measures to promote investments in the development of factories, airports, ports and roads will ensure that India attracts investors in all sectors.”
The following is the official statement from the India Electronics and Semiconductor Association (IESA) about the budget:
“India Electronics and Semiconductor Association (IESA) welcomes the budget aimed at boosting the Indian Electronics and semiconductor industry. The budget is growth supportive, anti-inflationary as well as committed to fiscal consolidation and reviving growth in manufacturing. We believe the steps outlined for this sector by the Hon’ble Finance Minister and commitment from the industry will put India is on the journey of becoming the “Design Led Electronics Manufacturing hub” by attracting investments, promoting entrepreneurship and creation of jobs. The speed and focus of Honorable Union Minister for Communication & IT and DeitY in capturing industry needs from the electronics sector is very heartening and is a major milestone towards vision of making India an ESDM powerhouse.”
IESA extends its commitment to work together with the union government to realize the vision of Development and Growth of Electronic Systems Design & Manufacturing (ESDM) sector.
All these will create tremendous ‘Design Led Electronics Manufacturing’ opportunities in India with increased investment opportunities and reduced electronics import bill. It is appropriate to say now that, “ELECTRONICS KE LIYE ACHE DIN ANE WALE HAIN” (Good days are about to start for Electronics in India).
About the India Electronics and Semiconductor Association