BANGALORE, INDIA: Irrespective of the debate raging within the semicon community regarding wafer fabs in India, the strength of and the talent within the Indian semiconductor industry has never been in doubt.

Delivering the welcome note at the recently held ISA Technovation 2008 awards ceremony at the Indian Institute of Science, S. Janakiraman, the former Chairman - India Semiconductor Association, and President & CEO – R&D services, MindTree Ltd, elaborated the fact that India now leads the world through execution of most complex and latest technology designs.

Commenting on the ISA, this has been an industry driven body focused on the unique needs and progress of the semiconductor and related industries in India to make it vibrant and project India as a global leader. The ISA's journey began four years back, in late October 2004, in Bangalore, under the mentorship of Dr. Sridhar Mitta, when like minded industry leaders gathered together and debated how India can achieve leadership position in the semiconductor space similar to IT and software.

Janakiraman said: "We have come a long way since then and today ISA is recognized by everyone in the country and all such bodies outside, as the sole representation of the Indian semiconductor industry. This has been a significant achievement and made possible by all."

Today, there is a good presence of both Indian and MNC organizations, large as well as start-up companies, design, as well as manufacturing organizations, with the members of ISA now totaling 130!

ISA also works closely with the central and state governments to give shape to the aspiration of our industry. It had played a key role in framing the semiconductor policy that enables larger investments in the semiconductor manufacturing ecosystem.

He added: "India has excelled in areas that are knowledge intensive. Semiconductor design is no exception, and today, we lead the world through execution of most complex and latest technology designs. The market size of the IC design and embedded software industry in India was $6 billion in 2007 and has the potential to grow into $43 billion by 2015. It currently employs around 130,000 engineering professionals."

Former president of India, Dr. APJ Abdul Kalam was the Chief Guest at the function. He advised the Indian semiconductor industry to develop tailor-made chips so that electronic equipment could become more cheaper and competitive.