BANGALORE, INDIA: The India Semiconductor Association (ISA), the premier trade body representing the Indian semiconductor, systems and solar photovoltaic industry, signed a Memorandum of Understanding (MoU) with the UK Trade & Investment (UKTI) on Monday evening. The MoU was signed by BV Naidu, Chairman, ISA and Ms. Jane Owen, Director, UKTI in New Delhi.
The MoU focuses on developing and encouraging business ties and technology exchange between Indian and UK semiconductor industries through ‘Global Value Chain Partnerships’.
This significant agreement will mean that Indian and UK firms will be working together on agreed business opportunity areas, combining complementary know-how, technology, IP and other capabilities. This is also a concerted effort to jointly access, develop and deliver business solutions more effectively in this segment.
Jane Owen, Director, UK Trade and Investment, India said: "India and the UK play a significant part in the semiconductor industry, but together, I believe our two industries can do much more. The UK is a world leader in innovation and India has a massive electronic manufacturing sector, which drives the semiconductor industry. We look forward to a committed, fair and dependable partnership.”
Poornima Shenoy President said: “There is a tremendous synergy between chip design companies in the UK and India. An increasing high degree of complexity and innovation in chip design is taking place in both geographies. We are seeking the multiplier effect of companies that can focus on developing products for the domestic market.
In continuation of this association, a business delegation of embedded software and chip design companies from India would be going to the UK in September to discuss business opportunities.
Tuesday, September 1, 2009
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