Nasscom and electronics industry body IESA on Monday entered into a partnership with an aim to push the share of electronics manufacturing and IT to 25 per cent of the country's GDP by 2025.
“The collaboration between Nasscom and IESA is a natural outcome of similar goals and mindset. We have signed memorandum of understanding (Mo) with Nasscom with a vision to take share of ESDM and IT in country's GDP to 25 per cent by 2025,” said India Electronics and Semiconductor Association Chairman Vinay Shenoy.
India has been a global leader in building and delivering software and IT services, which contributes more than 9 per cent of the GDP. Indian Electronic System Design and Manufacturing market is expected to grow from $76 bn in 2013 to $94 bn in 2015 and touch $400 bn by 2020.