New Delhi, Sep 11 (IANS): The India Electronics and Semiconductor Association (IESA) Thursday signed an agreement with Taipei Computer Association (TCA) to promote electronic system design and manufacturing (ESDM) industry cooperation between India and Taiwan, a statement said here.

IESA is a trade body representing the Indian ESDM industry.

The agreement is part of the collaboration with TCA under which IESA will extend support to promote investments for India and set-up of the design and manufacturing ecosystem in the country, also helping the Taiwan-based companies to partner with the Indian ecosystem.

“The ESDM landscape is evolving. Today, Taiwan wants to move ahead and invest in other countries. India is positioned among their priority destination, primarily due to its maturity of the market, availability of talents and the expertise India can bring to the ESDM supply chain with components like designing, embedded system, VLSI etc,” M.N. Vidyashankar, IESA president, said.

“We consume IT as Information Technology, but it’s time to define IT as India-Taiwan as well. As we dream of IT Manufacturing in India, we should not forget to remember I-T collaboration to convert our dreams into reality,” he said.

IESA has also signed an agreement with The Indus Entrepreneurs (TiE), Bangalore chapter, to promote start-ups and entrepreneurs in fabless semiconductor and electronic products with initial focus on the Internet of Things space.

“IESA is pledged to make India an ESDM powerhouse and we believe that start-up initiative with focus on IoT will be very crucial step in this direction. IoT is a revolutionary phenomenon that offers incredible Innovation opportunities for entrepreneurs to connect the world like never before,” said Ashok Chandak, chairman - IESA and senior director NXP Semiconductors.

“Boosting emerging companies in the IoT space will be vital to the economic growth of the nation. We believe IoT is the next big thing and it will be integral part of every sector/mechanism in no time,” Naganand Doraswamy, President, TiE-Bangalore said.