IESA releases its report on ESDM State Preparedness Index at 17th Vision Summit & India Embedded Electronics Show

Bangalore, October 13, 2022: India Electronics and Semiconductor Association (IESA), the premier industry organization representing the Semiconductor and Electronics Systems Design and Manufacturing (ESDM) sector in the country, today released its findings on State Preparedness Index for the ESDM industry. The report was launched during IESA’s annual flagship event, the Vision Summit & India Embedded Electronics Show 2022.

The states in India have recognized industry as the key to economic development where domestic and foreign investment have the potential to generate revenues and employment opportunities. The young population profile adds to the urgency to create capacities that can lay the foundation for gainful engagement. Hence states have been working hard to enhance their investment attractiveness and become worthy of investors’ interest. To assess the efforts of the states, NITI Aayog has standardized the criteria for measurement which has helped states to evaluate their areas of improvement and position themselves favourably. The competition among states for attracting investment in ESDM is emerging as a positive development with states reinforcing their inherent strengths and attempting to acquire others. The ESDM attractiveness of a given state is dependent of a set of factors that offer potential investors a scientific basis to aid their investment decisions

The report presents the State Readiness Index (SRI) is developed from a 360-degree examination of each state’s ecosystem in order to attract investments from design and manufacturing firms. The index is derived from multidimensional data points relating to the ESDM ecosystem.  The report covers 20 states on their competitiveness in attracting the ESDM investments and categorizing the states as nascent, emerging, developing and well-established markets for ESDM industry.

IESA’s report also shows that some states have taken the initiative for developing the sector at a rapid pace. These states hold great potential to grow into the future hubs for the ESDM sector by inching towards a mature market through the development of necessary business climate and human capital, amongst others. l

According to the report, the ESDM attractiveness of a given state is dependent of a set of factors that offer potential investors a scientific basis to aid their investment decisions. The report will aid the stakeholders including policymakers to formulate provisions that will further bolster the growth of ESDM sector in their respective states.