Kolkata, 15 February 2024 – The Indian Electrical & Electronics Manufacturers’ Association (IEEMA), established in 1948, is gearing up to establish an incubation center in Kolkata. The center, situated at a new business park off EM Bypass, aims to catalyze collaboration between electrical and electronics manufacturers across India and startups in Kolkata. The focus is on fostering innovation in user-friendly solutions for electronics, electrical devices, and home appliances.
About IEEMA:
As the apex body of manufacturers of electrical, industrial electronics, and allied equipment in India, IEEMA plays a pivotal role in shaping the industry landscape. With the rapid transformation of the electronics and electrical sector due to cutting-edge technologies, IEEMA is keen on integrating tech startups into the ecosystem to meet the evolving demands of consumers.
The incubation center, slated to commence operations this year, serves as a platform for manufacturers to collaborate with startups. The primary goals include fostering innovation, encouraging interaction between manufacturers and startups, and facilitating connections with equity investors. The initiative aligns with IEEMA’s commitment to staying at the forefront of technological advancements and addressing consumer needs effectively.
Aditya Prakash Arya, the Program Manager for Startups at IEEMA, highlighted the robust startup ecosystem in Kolkata. IEEMA has already engaged 32 startups across the country for innovative smart technology solutions in various devices. With plans to tap into Kolkata’s startup potential, IEEMA’s incubation centre aims to be a catalyst for collaborative growth and innovation.
Conclusion:
IEEMA’s initiative to establish an incubation center in Kolkata marks a significant step toward fostering innovation and collaboration in the electronics and electrical manufacturing sector. By bridging the gap between traditional manufacturers and startups, the center is poised to create a dynamic ecosystem that leverages cutting-edge technologies. The move aligns with the broader industry trend of integrating startups into established sectors to drive innovation, adaptability, and sustainable growth. As IEEMA embarks on this journey, it sets the stage for exciting advancements in the Indian electronics and electrical industry.
