Ganesh Guruswamy, Vice President and Country Manager, Freescale Semiconductor India:

“Our Finance Minister Mr Pranab Mukherjee has clearly outlined the core focus areas to achieve double digit growth in GDP over the next 3 years.

To achieve this goal, we need to primarily focus on existing bottlenecks like Infrastructure, government systems and structures and fight corruption.

India’s broad-based counter-cyclic policy package to respond to the negative fallout of the global slowdown has worked wonders in controlling the falling GDP. Today, sectors like Automotive and Manufacturing have already shown double digit growth which should propel other allied industries to grow as well. Liberalization of pricing and payment of technology transfer fee and trademark will boost the foreign investment environment.

The heavy stimulus package provided to the Agricultural, Infrastructure and Energy sector shows the government’s focus towards achieving overall growth.

In addition, the Karnataka government recently announced its Semiconductor Policy, the first of its kind by any state which is aimed at augmenting the $120 billion electronic system design and manufacturing industry in the state. The policy has also put in place a proposal for setting up labs for testing chips.

These are strong indicators for a bright year ahead for the semiconductor industry and the country.”