IESA applauds Government of India, DST (Department of Science and technology) and MeitY on the visionary launch of the ₹1 lakh crore Research, Development, and Innovation (RDI) Scheme Fund, during inauguration of the ESTIC 2025 conclave by the Prime Minister Shri Narendra Modi.
Welcoming the announcement, Mr.Ashok Chandak, President of IESA and SEMI India, said, “This landmark initiative and support will significantly strengthen India’s innovation ecosystem and empower the private sector to lead cutting-edge R&D across high-impact domains, including semiconductors and advanced electronics. For the semiconductor sector, this fund represents a crucial catalyst to drive indigenous research, design-led manufacturing, and technology development — helping India move from being a major consumer to becoming a global innovator and producer.
“IESA, as the industry’s apex body, will continue to play an active role in facilitating collaboration between government, industry, and academia, ensuring that this historic initiative translates into impactful outcomes across the semiconductor and electronics value chain” added Mr.Ashok Chandak.