Madhya Pradesh State Electronics Development Corporation Limited (MPSEDC) and the Indian Electronics Semiconductor Association (IESA) have signed a Memorandum of Understanding (MoU) to stimulate the establishment of Electronics System Design and Manufacturing (ESDM) ecosystem ventures.
This strategic alliance aims to develop a vibrant ecosystem to expandelectronic business services (EMS), printed circuit board (PCB) design and manufacturing, electroniccomponents manufacturing, and semiconductor ATMP in Madhya Pradesh, contributing to India’s visionof becoming an ESDM powerhouse.
Veerappan, Chairperson of IESA, expressed, “We are pleased to collaborate with MPSEDC, which isworking diligently with the Government of Madhya Pradesh to create earmarking policies and negotiatewith prospective conglomerates for setting up ESDM facilities. Through this partnership, we aim toestablish an institutional mechanism for formal interaction between MPSEDC and the industry forexpansion in MP as a contribution to India’s 500 Bn$ ESDM market by 2030."Mr. Anshul Gupta, Managing Director of MPSEDC, stated, “This association with IESA is a significantstep towards realizing Madhya Pradesh's potential in the electronics and semiconductor industry. Partnering with IESA, a premier industry organization with over 300+ members, will provide us withexpertise in policy advice, technical knowledge, and consulting metrics to develop a vibrant ecosystem,including EMC parks in Madhya Pradesh.”
On the MoU, Ashok Chandak, President of IESA, “Madhya Pradesh has long envisioned thedevelopment of the ESDM sector and has been actively joining ESDM events and supporting IESA’s flagship event, Vision Summit. This MoU signed in the presence of Mohan Yadav, Chief Minister of Madhya Pradesh during his visit to Bangalore, marks a landmark milestone for MPSEDC andIESA. It paves the way for fast-tracked industrial development in the ESDM sector in Madhya Pradesh, with a focus on manufacturing and job creation.” The formal MoU was signed by Veerappan, Chairman of IESA, and Anshul Gupta, MD of MPSEDC.
