TiE Semi SIG launch activities in H'bad
Minister of State for Defence will formally launch The Indus Entrepreneurs, Semi-Conductor SIG on April 16.india Updated: Apr 15, 2006 18:15 IST
Minister of State for Defence MM Pallam Raju will formally launch The Indus Entrepreneurs (TiE) Semi-Conductor (Special Interest Group) SIG on April 16.
The Indus Entrepreneurs (TiE) is the premier Silicon Valley organisation and a global non-profit organization focused on promoting entrepreneurship through mentoring networking and education TiE help for budding entrepreneurs through advice guidance and assistance from successful and experienced entrepreneurs and professionals.
JA Chowdary president TiE SIG, a veteran of semiconductor industry will be spearheading the activities in India. There are about 30 companies located in Hyderabad who are engaged in Semiconductor and embedded technology area which is continuing to grow.
The objective of TiE SIG is to make it into a pan-India SIG to deliver greater value to all participants through participation by members from the semi-conductor industry across the country. Initially, TiE Semi SIG will be headquartered in Hyderabad with the core group and the executive committee comprising senior members of the semi-conductor industry across different chapters in India.
In a statement A Chowdary said "the establishment of IT companies in the State would open up opportunities for electronics, electronics, electrical, computer sciences, engineering technology and communications paving way for growth not only in the sector but also foster strong growt in investments technology, education and employment. As there is a need for a very focused and integrated national platform to address semiconductor-related issues the establishment of TiE SIG is crucial in achieveing this big dream" he added.
TiE's greatest strength is its network through 42 cities in nine countries that consists of many participants in the entrepreneurial ecosystem- successful and experienced as well as budding entrepreneurs, venture capital firms, angel investors and service providers.
The SIG plans to conduct several events and initiatives to create a better informed and better connected semi-conductor industry in India. The plan is organize at least one event once every quarter with one of these events being a big-tent, large format session.
The global semiconductor industry is valued $230 billion of which Indian industry accounts for approximately $100 million. The semiconductor boom is on and India has already attracted globally known FAB players to make investments.
The state of Andhra Pradesh is witnessing hectic activity in this sphere with Sem India Ltd and American semiconductor company AMD unveiling their plan to set up India's first advanced semiconductor fabrication (FAB) $3 billion facility in Andhra Pradesh.