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IESA Vision Summit 2017 to Showcase Design Led Manufacturing - Redefining the Future of India's Electronic System Design and Manufacturing (ESDM)BANGALORE, February 16, 2017 /PRNewswire/ -- - Biggest event for Electronics and Semiconductor Design and Manufacturing in India India Electronics and Semiconductor Association (IESA), the premier body for the ESDM industry in the country, is all geared to bring the 12th edition its annual flagship event, IESA Vision Summit 2017. Powered with global and Indian audiences to discover, innovate and bring together a stellar line-up of thought leaders and robust speakers. Scheduled on February 21 and 22 at The Leela Palace, Bangalore, it aims to steer India closer to its goal of Design Led Manufacturing - Redefining the Future of India's ESDM. The two-day summit has a strong line-up of government, industry veterans, start-ups, venture capitalists and technology leaders expected as attendees. The first day will celebrate design, including a workshop on designing with FDSOI led by SOITEC and IMEC. The highlight on February 22 will be on manufacturing with a track session on Flexible Electronics - Trends and Challenges by Smile Electronics; Western Digital; Lam Research India & National Centre for Flexible Electronics, IIT-Kanpur. The day will continue to emphasise on manufacturing with the panel on Manufacturing challenges for Indian EMS led by Foxconn, Sricity, Bosch and SFO Technology. Last year's Vision Summit focused on the action plan consisting of - Talent Development, Strengthen Start-up Ecosystem, Industry-Academia involvement and IP Creation. The electronics manufacturing services (EMS) industry is expected to grow at a CAGR of 9% over the next five years. Even s India's manufacturing scene is changing much faster than predicted, things are still not at the level that allows us to compete on a global scale. This year, the allocation and incentives of schemes like M-SIPS and EDF to Rs 745 crore will reflect a strong commitment to promote local value additions in electronics manufacture. The overall tax reliefs given to start ups and MSME's will boost sustainable employment and the quality of start-ups in the design led manufacturing sector. K. Krishna Moorthy, Chairman, IESA setting expectations said,"India's ever growing consumption and demand for electronics is posing a challenge and an opportunity for the country. The challenge is about reducing the import bill which today is at approximately 70% of the demand a situation which could soon spiral out of control. It is essential for the Indian ESDM to own the design and IP if it were to meet the target of zero import in the next 5 years and herein lies the opportunity for the Indian ESDM ecosystem to raise the bar and meet the challenge by developing and manufacturing electronics systems and components required for the country. We are working with different stakeholders in the Government of India and many state governments in creating supportive policies and infrastructure in design, manufacturing and skill development. IESA today represents larger breadth of organizations involved in the design and manufacture of electronics products. We aim at providing a platform that will support Indian companies especially start-ups gearing up for indigenous design and manufacturing and developing new technologies." Gearing up for Vision Summit 2017, M.N. Vidyashankar, President, IESA said, "With the allocation and incentives of schemes like M-SIPS and EDF to Rs 745 crore in this year's budget, we strongly believe that India will be the next manufacturing powerhouse of the globe. It is the right time for the industry players to take full advantage and contribute to transform India into the next global - Design-led manufacturing destination. This year, Vision Summit is exploring the boundaries of creating solutions to make India a global ESDM manufacturing hub." The government's 'Make in India' initiative is projected to make India a preferred manufacturing destination encompassing sectors that includes ESDM, automobiles, chemicals, IT, aviation, design manufacturing, renewable energy and several other sectors that rely heavily on electronics, expanding the opportunities to create employment, purchasing power, spending and supply. As India attempts to become a manufacturing nation, the ESDM start-up ecosystems are uniquely positioned to drive innovation and deliver path-breaking products. Start-ups also have the advantage of being able to focus on niche, cutting-edge technologies while also managing to remain extremely nimble. Highlights of Vision Summit 2016: The summit culminated with over 80 speakers, over 850 industry and government leaders, international business delegates' academia and entrepreneurs with a focus on automotive, high performance computing, IoT and entrepreneurship, intellectual property. Last year the IESA Makeathon was introduced which saw tremendous participation and applaud from the industry. About India Electronics & Semiconductor Association (IESA) IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing(ESDM)industry and has represented it since 2005. It has over 260 members - both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. This is through publishing credible data, networking events and alliances with other international associations. IESA works closely with the government as a knowledge partner on the sector, both at the centre and at the state level. For more details on IESA, visit http://www.iesaonline.org Follow 'Vision Summit' on Twitter @IESA_VS and 'IESA' @IESA_online For more details, please contact Indrani Bharadwaj Pooja Shetty
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