IESA (India Electronics & Semiconductor Association) has signed a MoU (Memorandum of Understanding) with The Indus Entrepreneurs (TiE), Bangalore chapter to promote start-ups and entrepreneurs in fabless semiconductor and electronic products with initial focus on the IoT space.
India's IOT market opportunity is pegged at $10-12 billion by year 2020. IESA and TiE to work on IoT ecosystem which includes Design for Manufacturability (DFM), Testing and Interoperability and Standards and enable the success of the start-ups.
IESA also signed another MoU with Taipei Computer Association with an objective to promote ESDM industry co-operation between India and Taiwan.
The MoU is part of the collaboration with TCA under which IESA will extend support to promote investments for India and set-up of the design and manufacturing ecosystem in the country, also helping the Taiwan-based companies to partner with the Indian ecosystem.
Another major electronics industry body Manufacturers Association of Information Technology (MAIT) appointed Mr. SR Vijay Shankar, Head of Government Affairs, Karnataka & Corporate Affairs Group Marketing for Intel Technology, South Asia from Bangalore as the Chairman of its South Chapter.