MUMBAI, INDIA: The Indian software and hardware industry is aligning to further Prime Minister Narendra Modi’s pet project, Make in India.
Yes, the National Association of Software and Services Companies (Nasscom) and India Electronics and Semiconductor Association (IESA) have come together to make India a leading player in the IT and Electronic System Design and Manufacturing (ESDM) space over the next 10 years.
The $146-billion IT industry has emerged as a global leader in building and delivering software and IT services and contributing nine percent to the country’s national gross domestic product (GDP), while the ESDM market is projected to growth to $94 billion this year from $76 billion in 2013.
Electronics, computing and communication paradigms are shifting at a fast pace; the era has moved from mainframes to Internet of Things (IoT), and beyond.
The partners would seek joint opportunities in smart cities, defense and IoT projects. Together, Nasscom and IESA will drive Vision 2025—and enable hardware and software to jointly contribute 25 percent to the GDP.
“The partnership will enable us to draw a common agenda to guide the industry and the government, frame policies and build an ecosystem for developing ESDM (hardware) and IT software products, solutions and brands,” said Vinay Shenoy, Chairman, IESA.
R Chandrashekhar, President, Nasscom, said, “In recognition of the transformative impact of IT on the economy and the government’s vision of Make in India, we believe there is an equal opportunity for India to win the next wave of electronics design led manufacturing.”
MN Vidyashankar, President, IESA, said the partners would bring key stakeholders from industry, government, academia and investment community close and identify areas of investment to develop an ecosystem for solutions spanning hardware, software and services to meet local and global needs.