Hon’ble Chief Minister of Karnataka, B.S. Yeddyurappa and Hon’ble IT and BT Minister, Katta Subramanya Naidu, along with B.V. Naidu, chairman, ISA, and chairman and CEO, Sagitaur Ventures India Pvt Ltd and other dignitaries unveiled the policy.B.V. Naidu, Chairman ISA Chairman and CEO, Sagitaur Ventures India Pvt. Ltd, said: “ISA welcomes the Karnataka Semicon Policy and we are happy that most of our recommendations to the government have been considered and this policy will play a significant role for achieving $120 billion electronic system design and manufacturing industry to grow in Karnataka. Announcement of the semiconductor policy is the first of its kind in India and reflects the spirit of Government to continue its growth in the country."
Rajiv Kapur, managing director, Broadcom India, said: “ISA is pleased to see Karnataka show leadership by recognizing the opportunity available to take the industry to the next level. This policy is the first of its kind coming from a state government of India and will play a big role in stimulating growth.”
S. Janakiraman, president and Group CEO, Product Engineering Services, MindTree, said: “Karnataka has been a hub for electronics and embedded software for the last few decades. Now the time has come to focus on semiconductors, which are an important part of the value chain. The new policy by the Karnataka government will accelerate the pace of investment in the semiconductor sector. We, as ISA and MindTree, are excited about the support we are receiving from the government.”
Pradip Dutta, ISA Vision Summit 2010 convener and corporate vice president and managing director, Synopsys, said: “The ISA has been working very closely with the state government of Karnataka to draft the semiconductor policy for the last 12 months. At the same time, the ISA has also initiated a policy on electronic system design and manufacturing with Dept of IT, Government of India. While the national target is to reach $400 billion by 2020, Karnataka alone aims to contribute 30 percent of the national target, which is close to $120 billion. We see a strong synergy between the national objectives and the Karnataka Policy. We are all very optimistic, that this will also attract additional investment in the region.”
Jaswinder Ahuja, corporate vice president and managing director, Cadence Design Systems (I) Pvt Ltd: said "Karnataka is India’s semiconductor hub and it is laudable that the Karnataka Government has taken a proactive step to encourage the industry in the form of the semiconductor policy announced today. The Government’s policy is a step in the right direction and takes a balanced view of the various aspects of electronics system design and manufacturing. In particular, the funds announced to provide seed funding to semiconductor, solar and ATMP entrepreneurs will give a fillip to startups setting up projects in the state.
He further added: “A great strength for India, especially Karnataka, is its qualified manpower in the form of engineering graduates. The semiconductor school in conjunction with IIIT is encouraging as it will enable the industry by training fresh graduates to be industry-ready. Encouraging semiconductor excellence in the state is also praiseworthy. While the Rs 10 crore fund allocated towards this is a good first step, the cap of Rs 10 lakh per unit for R&D expenses is limiting. The tax exemptions and incentives for companies that invest in large projects in the state are positive."
Janardhana Swamy (Member of Parliament from Chittradurga) also graced the conference. Swamy, who has over 15 years of experience in the semiconductor, EDA and computing industries, emphasized the need of bridging the gap between industry and government. Industry leaders appreciated Swamy for being a role model for the professional youth.
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