India Semiconductor Association (ISA), an umbrella body of 140 electronic system design and manufacturing companies, has crafted a proposal for creation of special purpose vehicle (SPV) that would galvanise investments in electronics sector and work towards transforming India into a manufacturing hub. The proposed SPV could act as a ‘single point reference’ for potential investors into the electronics sector. It would also work towards positioning India as a preferred investment destination and facilitate the development of electronics ecosystem including manufacturing clusters.
Besides attracting global investments to the electronics sector, it could provide impetus to SMEs and entrepreneurial startups and promote ‘brand India’ as well as a facilitator between the government and the industry, and between the industry and investors. The ISA has also mooted that the SPV company for electronics can be set up as a joint venture between the IT Department and the Council of Electronic Hardware Associations (of which the ISA is a member).
