Bengaluru Oct 21 PTI Karnataka Minister for Electronics Information Technology and Biotechnology C N Ashwath Narayan on Thursday said the government aims to make the state the hub around which the next breed of Indian fabless startups can thrive He said it also aims to propel the Electronics System Design Manufacturing ESDM sector and support innovative domestic companies ESDM sector in India which is predicted to expand at a 161 per cent CAGR presents a golden opportunity for Industries to Make In India for the world and fulfill the Atma Nirbhar Bharat initiatives Narayan said Speaking on the topic Indias Accelerated ESDM Growth - The Defining Decade in the 16th edition of Indian Electronics Semiconductor Association IESA Vision Summit- 2021 virtually he said ESDM sector in the country which is predicted to reach USD 220 billion by 2025 has the potential to create 1000 start-ups 10000 IPs Intellectual Properties and 10 lakh jobs Electronics production has the potential to generate around 1 crore jobs by 2050 Numerous domains and sectors in India such as Agritech Medical devices telemedicine Industry 40 Consumer electronics Space Defense are dependent on the way Indian Electronics Industry flourishes according to him Noting that the electronics market size in India is over USD 300 billion and the countrys share in the global electronics manufacturing consistently growing since in 2012 Narayan said though currently India has more than 100 Semiconductor Design services companies offering semiconductor design to its global customers it needs to go still further to become self-sufficient in designing and manufacturing semiconductors Citing the Centres policy initiatives while expressing confidence that there will be a thrust for manufacturing of silicon and compound semiconductor chips in the country he said the state with the intention of creating a suitable ecosystem has sector-specific policies including Engineering R D policy KDEM Beyond Bengaluru among others PTI KSU BN BN