ISA, UK-TI MoU to develop semicon industry
Recently, the India Semiconductor Association (ISA) signed an MoU with East of England International (EOEI) to promote and develop the semiconductor industries in their respective domains.
On August 31st, which is early next week, the ISA and the UK-TI will be signing an MoU to extend this relationship further.
My colleague, Usha Prasad and I met up with Chandrika Anil, Manager – Membership Services, ISA, to hear more about the MoU.
Elaborating on how the MoU between the ISA and UK Trade & Investment (UK-TI) is going to help in encouragement and development of Global Value Chain Partnerships, Chandrika said that the ISA and the UK-TI share a mutual interest to promote and develop the sector semiconductor industries in their respective domains. The MoU between ISA and UK-TI entails promotion of the concept of Global Value Chain Partnerships.
As part of the MoU, the two organisations have agreed that:
- Global Value Chain Partnerships are of mutual benefit in the ongoing development of the Indian and UK semiconductor industries and the relationship between them.
- ISA and UK-TI will co-operate with each other in the following activities to encourage and develop Global Value Chain. Partnerships between Indian and UK semiconductor firms. This allows for:
- Promoting the concept of Global Value Chain Partnerships amongst the Indian and UK semiconductor industries in the most appropriate manner
- This may include website, newsletters, conferences and direct discussion with firms.
- Identifying, through ongoing research and discussion, areas of potential business opportunity which could be addressed by Indian and UK firms working together
- These areas could form a set of themes around which ISA and UK-TI may wish to focus on seminars and other activities to raise awareness, understanding and interest.
- Encouraging firms in the two industries to register (free of charge) their interest in exploring relevant partnerships and business opportunities in the identified areas
- This would involve inviting firms to provide information about their interests and capabilities, periodically reviewing identified opportunities which may be relevant
- Facilitating meetings between firms and groups of firms to take forward discussions with a view to formation of Global Value Chain Partnerships
The MOU will create a synergy between India and the UK in the areas of design, device and applications.
You can read more on ISA’s website. Thanks for the interaction, Chandrika, and well done, Usha!