Mission Mode: After Steel, Sports Odisha Chief Minister Bets Big On Semiconductor & IT Sectors

Odisha chief minister Naveen Patnaik seems to be on a mission mode to transform his state. After steel and sports, now his government is betting big on semiconductor and information technology sectors. Patnaik is keen to make Odisha the next semiconductor hub. His immediate objective of the chip strategy is to train Odisha’s 85,000 qualified engineers in the areas of IT integration and embedded system design. To make this happen, the Odisha government has chalked an investment plan of Rs 30,000 crore to set up eastern India’s first FAB unit on 40-acre land near Bhubaneswar. Well known UK-based solutions provider SRAM and MRAM, has been roped in to get the projects off the ground. Post Covid-19 pandemic there has been severe chip shortages and this has severely affected car productions globally. This new plant at Odisha should become part of the global supply chain. The investment could run up to Rs 2 lakh crore over a period of time. It is understood that the SRAM & MRAM conglomerate will rope in global biggies to invest in this project. Odisha has numerous advantages like land availability, power, water and next door ports.