Sridharan Madhusudhanan, Director General, India-Taipei Association, assured Dr. Chan of his 'full support to IESA (Taipei Office)'. Speaking at the launch, Ashwini K Aggarwal, Chairman, IESA commented, "The Taiwan office inauguration is part of IESA's goal to improve collaboration on manufacturing capabilities between Taiwan and India.

"India has seen emerging green shoots in the Electronics, Systems Design and Manufacturing space in the recent times. It has received a strong response to its ESDM policies and has seen evolution of its Solar Fab and a number of marquee industries. We are very excited by the synergies that the countries would derive from this partnership. Taiwan is home to one of the most robust semiconductors & electronics ecosystems in the world and is by far the largest consumer of semiconductor materials. We believe India has a strong proposition to offer to Taiwanese investors, and look forward to enabling the trade bridge between the countries. The new office will be managed by Dr. Mignonne Chan. We thank Dr. Chan and her team for efforts put forward in making this inauguration a success."

In 2015, India's ESDM industry is sized at US$82 billion growing at a CAGR of 8% from 2013. By the end of 2017 the sector will become a $100+ billion opportunity and is forecast to grow further at a CAGR of 16-23% to reach US$171-228 billion by 2020.

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