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Ashok Chandak, Chairman, India Electronics and Semiconductor Association

by VARINDIA 2014-07-12

Ashok Chandak,
Chairman,
India Electronics and Semiconductor Association (IESA)

“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 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 the 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.

Support in the form of Investment Linked Deductions for Semiconductor wafer manufacturing units would help build the Semiconductor Fabs and ATMP units’ cohesive ecosystem potentially contributing to more than 40,000 crore FDI’s and job creations. It is appropriate to say now that, “ELECTRONICS KE LIYE ACHE DIN ANE WALE HAIN.”