MPSeDC signs MoU with IESA to boost electronics and semiconductor sector in Madhya Pradesh

In a significant move to advance the electronics and semiconductor industry in Madhya Pradesh, the Madhya Pradesh State Electronics Development Corporation (MPSEDC) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding (MoU).

The strategic partnership was formalized during the Invest Madhya Pradesh Bengaluru roadshow on August 8, 2024, under the event titled "Interactive Session on Investment Opportunities in Madhya Pradesh."

Objectives and goals

The MoU aims to stimulate the establishment of Electronics System Design and Manufacturing (ESDM) ecosystem ventures in Madhya Pradesh.

The initiative seeks to develop a vibrant ecosystem encompassing electronic business services, printed circuit board (PCB) design and manufacturing, electronic components manufacturing, and semiconductor ATMP (Assembly, Testing, Marking, and Packaging).

The collaboration is expected to contribute significantly to India’s vision of becoming an ESDM powerhouse by 2030.

Leadership comments

Dr. Veerappan, Chairperson of IESA, expressed optimism about the partnership, stating, “We are pleased to collaborate with MPSEDC, which is working diligently with the Government of Madhya Pradesh to create earmarking policies and negotiate with prospective conglomerates for setting up ESDM facilities.”

"Through this partnership, we aim to establish an institutional mechanism for formal interaction between MPSEDC and the industry for expansion in MP as a contribution to India’s 500 Bn$ ESDM market by 2030," Veerappan added.

Anshul Gupta, Managing Director of MPSEDC, highlighted the significance of the MoU, noting, “This association with IESA is a significant step towards realizing Madhya Pradesh’s potential in the electronics and semiconductor industry.”

Ashok Chandak, President of IESA, remarked, “Madhya Pradesh has long envisioned the development 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 Shri. Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh during his visit to Bangalore, marks a landmark milestone for MPSEDC and IESA. It paves the way for fast-tracked industrial development in the ESDM sector in Madhya Pradesh, with a focus on manufacturing and job creation," Chandak added.

The agreement is expected to pave the way for rapid industrial development in the ESDM sector in Madhya Pradesh, with a particular focus on manufacturing and job creation.

Implementation and Future Prospects

Key features of the MoU include joint efforts in policy formulation, organization of technical seminars and training programs, promotion of Madhya Pradesh initiatives among IESA members and industry partners, and assistance in setting up Electronic Manufacturing Clusters (EMCs) and Centers of Excellence (COEs).

The collaboration is expected to attract significant investments, generate employment opportunities, and position Madhya Pradesh as an emerging player in the Indian electronics and semiconductor landscape.