'Govt should intro electronic development plan'

NEW DELHI, INDIA: Buoyed with the phenomenal rise in the semiconductor market in the country as well as bolstering forecast by Frost & Sullivan, India Semiconductor Association (ISA) wants the government to formulate a National Electronics Development Plan (NEDP) to propel growth.

The association, in its new study, suggests that the government should facilitate local electronics industry in scaling new horizons. ISA has also urged that the right ambiance for growth is the prerogative and duty of the government and this would help in GDP growth of the country.

Pradip K Dutta, chairman, ISA said that the country continue to depend on exports. “We should not miss the opportunity and need to work towards domestic manufacturing,” he said. Dutta added that the CAGR of the industry is 22 per cent and has been witnessing immense growth.

Giving the future roadmap for electronics manufacturing, ISA points out that PPP initiative is needed to develop integrated electronics parks and clusters. The association also stressed upon the need to create policy to attract investment.

Deepa Doraiswamy, senior analyst at Frost & Sullivan, and the author of the recently released India Semiconductor Market Update, said that identifying and focusing on electronics as a priority sector and initiating new policies are the needs of the hour.

The study undertaken by the research firm together for ISA also said that promotion of export subsidies to create an environment for export of electronics should be provided.

Deepa Doraiswamy said that tax holidays and incentives for EMS companies investing in the company should be provided.

She believes that government should introduce National Electronics Development Plan.

“There should be a national strategy in place that needs to be formulated together with the key stakeholders that include manufacturers, industry bodies, government agencies and regulatory authorities,” she added.