Hyderabad, April 15, 2006 (UNI)

Minister of State for Defence M M 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 Vally 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.

J A 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 here 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.