The partnership between the National Association of Software and Services Companies and the India Electronics and Semiconductor Association is aimed at making India a leading player in the IT and the Electronic System Design and Manufacturing industry over the next decade. With electronics, computing and communication paradigms shifting to the new Internet of Things, hardware, software and services have converged.
The Times of India reports that the $120-billion IT industry is a global leader in building and delivering software and IT services and contributes 9 percent to the country’s GDP, while the electronic system design manufacturing market is projected to grow to $94 billion this year from $76 billion in 2013. Since technology innovation requires electronics, computing and communications to converge and deliver a holistic solution to meet the industry demand, this partnership will drive the Vision 2025 initiative to enable hardware and software to jointly contribute 25 percent to the GDP.
“The partnership will enable us to draw a common agenda to guide the industry and the government, frame policies and build an ecosystem for developing Electronic System Design and Manufacturing (hardware) and IT (software) products, solutions and brands,” said the chairman of India Electronics and Semiconductor Association, Vinay Shenoy.
