Odisha signs two MoUs worth Rs 2,655 crore at Semicon India-2025, aims to become major semiconductor hub

The Odisha government has secured investment intents worth Rs 2,655 crore at the ongoing Semicon India-2025 conference in New Delhi, marking a major push towards its ambition of becoming a hub for semiconductors and advanced electronics.

On the inaugural day of the three-day event on Tuesday, the state signed two memorandums of understanding (MoUs). The first of these was with TopTrack Hi-Tech PCB Pvt. Ltd for a Rs 1,005 crore advanced printed circuit board manufacturing facility.

The second MoU was signed with Sancode Technologies Limited, which committed Rs 1,650 crore for a semiconductor-related facility backed by its global partners, according to reports from ANI.

During the event, Odisha CM Mohan Majhi highlighted the state’s Semiconductor Manufacturing & Fabless Policy 2025 and Electronics Component Manufacturing (ECM) Policy 2025 as key drivers for building a strong innovation and manufacturing ecosystem.

He also inaugurated the Odisha pavilion at the conference, where the state showcased its roadmap for electronics and emerging technologies.

Strategic engagement with global industry

On Wednesday, a high-level delegation led by Electronics and Information Technology Minister Mukesh Mahaling held business discussions with leading companies, including Thomson Computing, Ineuu, ASP Semicon, VVDN Technologies, Brandworks, InSemi (an Infosys company), Felcon Ltd, and Intel.

The dialogues focused on proposals spanning electric vehicles, solar manufacturing, flat panel displays, data centres, PCBs, smart meters, fintech hardware, AI skilling, and affordable learning devices.

International partnerships

The state also hosted four dedicated roundtable sessions with partner nations Singapore, Malaysia, the United States, and the Netherlands, exploring avenues for bilateral cooperation, supply chain resilience, and industry-to-industry collaboration in the semiconductor domain.

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Odisha’s rising semiconductor profile

The latest agreements build on Odisha’s growing reputation in the semiconductor sector. Just two days earlier, Union IT Minister Ashwini Vaishnaw presented three Odisha-made semiconductor chips to Prime Minister Narendra Modi at Semicon India-2025.

Two of the chips were developed at NIT Rourkela and one at Parala Maharaja Engineering College.

Last month, the Union Cabinet approved four new semiconductor projects worth Rs 4,594 crore across Odisha, Andhra Pradesh, and Punjab. Odisha accounted for two of these projects, attracting investments of Rs 2,066 crore.