Bhubaneswar: Good news! Eastern India’s first semiconductor chip manufacturing unit will be set up in Odisha. This was revealed at Make in Odisha Conclave on its third day here today.
On request of Chief Minister Naveen Patnaik, the United Kingdom-based conglomerate SRAM & MRAM Group will set up a semiconductor fabrication unit at an investment of Rs 30,000 crore in Bhubaneswar, the company stated today.
Briefing media, the SRAM & MRAM Group authorities said that the semiconductor manufacturing unit will come up within three months soon after the company gets clearance from all government departments.
The proposed unit will be established in an area of 40 acre land near Bhubaneswar.
With set up of the semiconductor unit, the company will provide 4000-500 direct employment in Odisha.
Initially, the company will spend Rs 30,000 crore for the project. Subsequently, the investment will go upto Rs 2 lakh crore.
“This is a unique project. For the first time, the semiconductor unit will be set up in India’s eastern region. Of course, the Vedanta Group and other group had come up with the project in the country. However, the project is still in process. This is the first time, the SRAM & MRAM Group will start the project in Odisha. The semiconductor fabrication unit will be the investment of Rs 30,000 crore in the first phase. Subsequently, it will go upto Rs 2 lakh crore in investment,” informed Odisha Project in-charge Dr Debadutta Singh Deo.
The fabrication chip is required for almost all technologies now, starting from washing machine to car or flight. However, India is lacking behind in field of manufacturing the most essential product.
“India mostly depends on China, Taiwan and South Korea for semiconductors. The SRAM & MRAM Group has tie-ups with recognised industries across the globe. We are ready to start as soon as the government allows us for operation,” he added.
Addressing the presser at Make in Odisha Conclave, the SRAM & MRAM Group’s Vice Chairman Guruji Kumaran Swamy said, “We are planning to manufacture the semiconductor fabrication chip here. Today, more than 30 lakh cars are waiting for chips only in India. Yesterday, Union IT Minister stated that there is an urgent need for semi conductors. So, we decided to set up a unit in Odisha.
Earlier, they had met Chief Minister Naveen Patnaik and briefed him about the project. They also had a detailed discussion on this proposed project with the Chief Secretary Suresh Kumar Mohapatra, the Principal Secretary of Industry Hemant Sharma and ED, IPICOL Kalyan Mohanty.
Among others, the press briefing was attended by officials of Govt of Odisha, LN Agrawal, Er. Rohini Singh Deo and Er. Priyanka Singh Deo.
The group thanked the Govt of Odisha for accepting the proposal in a short notice. They also conveyed a special thanks to the Chairman of the group Sailesh Hiranandani for all the support.