Government Initiatives and State Incentives Explored in IESA’s 2024 Edition of Compendium for Semiconductor and ESDM Industry
Bengaluru, NFAPost: India Electronics and Semiconductor Association (IESA) has launched the 2024 Edition of the “Compendium of Semiconductor & ESDM Policies in India.” The report, unveiled by Shri. S. Krishnan, Secretary MEITY, during the IESA Vision Summit 2024, serves as a comprehensive guide to the diverse policies and incentives offered by the Government of India and 14 states for the Semiconductor and Electronic System Design and Manufacturing (ESDM) sector.
The Indian government plays a pivotal role in fostering the growth of the Semiconductor and ESDM industry by providing financial and non-financial support and creating an enabling business environment. The report extensively covers policies from 8 states, including Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, Telangana, and Uttar Pradesh, with a specific mention of catering to the Semiconductor Industry. Notably, four states (Gujarat, Odisha, Tamil Nadu, and Uttar Pradesh) have already introduced dedicated Semiconductor Policies.
Prepared in collaboration with Feedback Advisory, the report acts as a ready reckoner for various stakeholders, including government officials, investors, business leaders, entrepreneurs, and future policymakers. It offers a factual summary of Semiconductor and ESDM-related policies at both the national and state levels, addressing key aspects such as Manufacturing & Fabless Policy, Eligibility Criteria, Fiscal Subsidies, Non-Fiscal Subsidies, and Policies for Fabless Firms.
Mr. Veerappan V, Vice Chairperson of IESA, emphasized the transformative role of the semiconductor and ESDM sector in the ongoing digital revolution. He expressed optimism about India’s potential to emerge as a global hub in this sector, citing the country’s substantial market size, talent pool, and supportive policy framework. The report, with its updated insights, aims to enhance awareness, facilitate decision-making, and attract more investments and innovations to propel the sector’s growth.
Mr. Ashok Chandak, President of IESA, highlighted the critical role played by the Semiconductor and ESDM sector in India’s economic and social advancement. He stressed IESA’s commitment to fostering collaboration among the government, industry, academia, and research institutions to build a dynamic ecosystem for the sector. The report, a collaborative effort by IESA, is envisioned as a tool to provide industry insights and recommendations for policymakers, steering India towards becoming a global destination for Semiconductor and ESDM activities.
The “2024 Edition of Compendium of Semiconductor & ESDM Policies” serves as an essential read for those keen on understanding the current landscape, opportunities, and challenges within the Semiconductor and ESDM domain in India. IESA, as a prominent industry voice, remains dedicated to working closely with the government and stakeholders to create a conducive environment for the sector’s growth in the country.
