June 26, 2017, New Delhi: The World Electronics Forum (WEF) is a voluntary gathering of CEOs and Director of electronics industry associations worldwide who meet annually to discuss major topics of common interest, exchange information on services and data and strengthen relations between associations for the benefit of their industries.
The WEF brings together almost 200 high level decision makers of electronics industry association from many different countries such as the USA, India, China, Japan, Australia, etc to discuss economic growth, talk about the future and do business together.
The World Electronics Forum (WEF) is the annual event which took place in 2016 in Singapore, will be held this year in the city of Angers, French electronics capital from 24th to 28th October 2017. This Western Region of France has the greatest concentration of electronics manufacturing facilities and represents 50,000 or one fourth of jobs. This edition of WEF will be the occasion to reflect on what kind of Industry 4.0, one should build and the smart usage that will be set.
WEF will be an important platform to exchange ideas, accelerate startups interested in IoT and manufacturing, in the form of ecosystem of Angers French Tech and to create an IoT City or a city of Smart Devices.
To promote this 22nd edition of WEF in India, Mr Christophe Bechu – Hon’ble mayor of Angers, Senator, President of Angers French Tech and WEF 2017 President along with Prof. N K Goyal – President of CMAI Association of India, held a press conference at the residency of the French Ambassador in New Delhi on 26th of June 2017.
“The whole city works to put together a memorable event, aware of its importance. It will give Angers a chance to showcase its position as the original electronics production center of the Europe, Thanks to the massive media coverage involved, along with the core of the world electronics industry’s presence. WEF 2017 is a scope for economic development and encourages us to surpass ourselves.” Says Mr. Bechu, Hon’ble Mayor of Angers, Senator, President of Angers French Tech and WEF 2017 President.
France is the leading producer of radar, navigation and defense electronics and these activities account for 25% of the total output of the industry. French expertise is also evident in the area of robotics, data analysis, artificial intelligence and R&D intensive activities in electronics and in the start up space.
The electronics industry (products and components) market in India is estimated at around 75 billion USD. The sector will be boosted by the government program “Make in India”, the objective of offsets imposed in sectors such as defense and aeronautics, to fiscal and structural incentives (Electronics Manufacturing Clusters, M-SIPS, etc.) to attract foreign direct investment into he country and to reduce India’s large trade deficit in electronics products and component large investment have been announced by the Government.
Several major programs launched are expected to boost consumption of electronics products. The Digital India campaign (16 billion USD investment), the ‘100 Smart Cities’ program (US $ 14 billion in 5-year government subsidies) E-Governance initiatives (Aadhar, Cloud, Mobile Apps, etc.), “Ultra Mega Solar Power” projects (85 billion USD invested by 2022), offsets programs in the Defense and Aeronautics, the National Knowledge Network, etc.
There is already a significant presence of French companies in India in electronics related to Defense, Aeronautics & Aerospace. In June 2016, the Banglore based India company Centum Electronics acquired French company Adetel Group specializing in design, development and industrialization of embedded electronic system for defense, aerospace, industrial, transportation, medical and energy sector. Centum Electronics holds 51% controlling stake in Adetel Group and is a good example of perfect synergies between the Indian and French companies to ensure value creation for customers.
Thales, Gemalto, Safran, Famoco, ST Microelectronics & Dassault Systems are the big players working with Indian and French SMEs & the Indian government to actively contribute to the “Make in India” campaign.
The WEF delegation had come to India with the objective of strengthening reciprocal awareness between French and Indian ecosystems, and to promote France along with Angers as the original electronics center of Europe.
To know more about #WEF 2017 visit: www.wef-angers.com
Angers French Tech contacts:
Ms. Corine Busson-Benhammou, Angers French Tech & WEF 2017 International Relations and Communication Director.
Email ID: email@example.com