The Kerala government has signed an MoU with India Electronics & Semiconductor Association (IESA) to attract high-value investments from South-East Asia.
According to PTI, besides investments, the core objective of the pact, expected to give a major fillip to the state’s IT and electronics manufacturing sectors, was also to offer greater access to lucrative markets in that region, known as Asia’s tech hub.
The Secretary to Government of Kerala for Electronics and Information Technology M Sivasankar and IESA president M N Vidyashankar signed the MoU at the state Secretariat in the presence of Chief Minister Pinarayi Vijayan, a release said here.
Under the agreement, Kerala will partner with IESA, the country’s premier industry body for electronics, semiconductor and embedded systems to set up a liaison agency in Taiwan to promote the investment potential of the state’s electronics system design and manufacturing (ESDM) sector, it said.
In addition to Taiwan, the other target countries are South Korea and the Philippines, the release said adding that the MoU is valid for five years.
The thrust segments for investment will be consumer, industrial and solar electronics as also medical products and automotive electronics devices, among other area.
