The Odisha Cabinet has approved the Odisha Semiconductor Manufacturing and Fabless Policy to facilitate investors to start manufacturing of semiconductor/electronic chips in the state. The policy aims at transforming Odisha into a leading centre for semiconductor design and manufacturing.
The state is expecting at least one semiconductor manufacturing unit and 100 fabless design companies to be set up in Odisha. The semiconductor ecosystem is expected to generate 5,000 direct employment and 20,000 indirect employments during the policy period of seven years.
Meanwhile, SRAM & MRAM Technologies is planning to set up a semiconductor fabrication unit in Odisha’s Ganjam district and is expected to invest Rs 300 billion in the first phase.
