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  Date: 01/02/2015

India semiconductor market grew by 8 to 10% in 2014

Realising the vision is the focus at this year's IESA Vision Summit event scheduled on 2nd and 3rd of February 2015 at Leela Palace, Bengaluru (Bangalore). Ashok Chandak, Chairman, India Electronics and Semiconductor Association (IESA) shared these below thoughts about this year's event and also some market figures on the Indian electronics and semiconductor industry.

The focus of this year's IESA vision summit 2015:

Ashok chandak: At this vision summit, the theme is "Make in India: Vision to Reality". In past obviously Vision Summit was always focusing on creating vision for the country, we see that the time has come to really focus on realising this vision.

If you look at the call of Make in India coming from the highest office of the country like Prime Minister and other Council of Ministers, there is no doubt that in the next decade, India going to focus on the indigenous manufacturing. For electronics sector, the manufacturing is different than the other sectors actually, and we see for India to become more global hub with excellence in electronics manufacturing, product development and innovation has to go hand-in-hand, which is going to be the focus of the vision summit. The industry leaders, thought leaders in acedemia, government officials from various verticals and geographies come together to really look at the point of, how India can dominate the world of semiconductors and electronic industry in future.

The positive things in regard to realization of vision:

Ashok chandak: We see that the biggest positive thing is, there is strong support and vision from the Government on Make in India program, and we have been participating in various meetings organised by various ministries as well as Prime Minister office actually, and workshops and other stuff -- and we see that --this is translating into a lot of positive optimism within the industry circle-- in most of the sectors including the electronics and semiconductor industry, that is the biggest positive thing we see.

At IESA, we think that it is the 4D Effect, Prime Minister keep saying 3-D effect, (demography, Democracy, and demand), the fourth D what we see is all these 3Ds contributing to Economic Development of the country. If we recollect our IESA vision, we used to say electronics can change India, we see now that time has come where electronics will really change India with this 4D effect.

India electronics semiconductor market growth figures in 2014 and forecast for 2015 and 2016:

Ashok chandak: In terms of the semiconductor demand which is also dependent on the electronics market in the country, the problem in our industry is, semiconductor numbers is always how you look at, if you look at the numbers from purely the local consumption, those are quite low. If you look at our report, there are two terminologies, one called TM (total market) and other called the TAM (total available market), the total market was with reference to the total electronics consumption in the country which is around 60 Billion US$, while the total available market with reference to what is made in the country which was only $20 Billion US$, the local manufactured electronics product. We see 1/3 is made here and 2/3 is imported. In the electronics market we have seen a growth in the range of 8 to 10% in 2014 and similar for the semiconductor.

Current year 2015 going to be in similar range, though I would expect 2016 will be a major jump. Some of the new electronics manufacturing ramp up that will get realised in 2016, we are expecting 15-20% up in 2016, based on the various new initiatives.

Some of the Dignitaries and Speakers at 2015 IESA Vision Summit include:

Siddaramaiah, Chief Minister, Govt. of Karnataka, with Chandrababu Naidu, Chief Minister, Govt. of Andhra Pradesh, Mr. Gustavo de Arístegui, Ambassador of Spain to India, R.S. Sharma IAS, Secretary of Dept. of Electronics and IT (DeitY) as Chief Guests and Director General of the Software Technology Parks of India (STPI) Dr. Omkar Rai as Guest of Honor.

Dr. Radhakrishan, former Chairman, ISRO will deliver the Theme Address at the conference.

Other prominent speakers include M K Tsai, Chairman, Mediatek Inc., Anil Menon, President, Smart + Connected Communities Cisco Systems Inc, Mr. Ulf Schneider, President – SSIA, Dr. Randhir Thakur, Executive Vice President, Applied Materials Inc., Rabindra Srikantan, MD, ASM Technologies Limited, Krishna Yarlagadda, President, Imagination Inc, Suket Singhal , Vice President, Secure Meters, Dr. Rajat Moona, Director General CDAC, Manish Muthal, Vice President, Marketing, Planning & Architecture, Seagate Technology etc.

For more details on Vision Summit 2015, visit: http://www.iesaonline.org/vs2015/index.html
Author: Srinivasa Reddy N
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