Cabinet nod to Odisha Semiconductor Policy

Bhubaneswar: The state Cabinet headed by Chief Minister Naveen Patnaik today approved a proposal for introduction of Odisha Semiconductor Manufacturing and Fabless Policy to facilitate investment in the sector.

The proposed policy envisions developing an end-to-end semiconductor ecosystem in Odisha. The policy aspires to contribute to the national semiconductor ecosystem development objectives and aims to transform Odisha into a leading centre of semiconductor design and manufacturing in future, said an official.

The policy also aims at making Odisha a hub for semiconductor R&D, he added.

At least one semiconductor manufacturing unit and around 100 fabless design companies is expected to be established in Odisha generating around 5,000 direct employment and 20,000 indirect employment during policy period of seven years, sources said.