India Semiconductor Association proposes essential budget recommendations to Government of India. Attract investments, increase fiscal benefits and grants, raise R&D focus in India and secure SMEs and MSMEs.. thereby boosting domestic industry

Bangalore, February 22, 2010 / IndiaPRLine / — India Semiconductor Association (ISA), the apex trade body representing the Indian semiconductor industry has submitted valuable budget recommendations to the Government of India (GOI) and has requested to favorably consider the memorandum, which ISA believes will greatly enhance the competitiveness of the domestic semiconductor industry.

The ISA has been making concerted efforts to boost the Electronics System Design and Manufacturing ecosystem (ESDM) in India and recognizes the need for reforms to empower the domestic Electronic System, Design & Manufacturing sector.

The budget recommendations have been framed keeping in mind core areas of:

1.Semiconductor design: VLSI design, embedded software and reference board design
2.High-tech manufacturing – Amendments to the Semiconductor Policy 2007
3.Promotion of domestic electronics manufacturing
4.Tax and duty structure
5.Encouraging pre-competitive research
[Note: Detailed memo attached]

Mr. B V Naidu, Chairman, ISA said, “There are huge growth opportunities for the electronic industry in India, but there have been some missed opportunities in the past decade. So, while the future holds a lot of promise, we need to address existing challenges in infrastructure, taxation, supply chain and logistics, labour laws, R&D and funding. The budget recommendations which ISA has submitted to the Government of India, envision a robust ecosystem that will attribute to promoting the sector and enhancing the domestic offerings. This will eventually lead to growth”.

About India Semiconductor Association (ISA)

India Semiconductor Association (ISA) is the premier trade body representing the Indian semiconductor industry and has represented it since 2005. It has around 135 members from across the country and is committed towards establishing India as a preferred global destination for the semiconductor, systems and solar photovoltaic companies. This includes chip design and embedded software companies, solar fabs and the related ecosystem. ISA has played a prominent role in working with the Government of India in the formation of the Semiconductor Policy 2007. More information about ISA can be found at www.isaonline.org