Foundation stone for Odisha's first semiconductor unit worth Rs 2,067 crore laid in Bhubaneswar, project to generate 5,000 jobs

The foundation stone for Odisha’s first compound semiconductor project was laid at Infovalley in Jatni, Bhubaneswar, on Saturday. Union Minister for Electronics and Information Technology Ashwini Vaishnaw attended the ceremony through video conferencing, while Chief Minister Mohan Charan Majhi and Odisha IT Minister Mukesh Mahaling were present at the site.

As per reports, the project, to be set up by SiCSem Private Limited, marks a significant milestone in Odisha’s industrial and technological progress. The company will invest Rs 2,067 crore in establishing the semiconductor manufacturing facility, which is expected to generate around 5,000 employment opportunities. The initiative reflects the state government’s commitment to promoting advanced manufacturing and innovation-driven industries.

Boost to ‘Make in India’ and ‘Digital India’ Missions

The semiconductor project aligns with the national objectives of the ‘Make in India’ and ‘Digital India’ missions, aiming to strengthen India’s semiconductor manufacturing ecosystem, reportedly. Semiconductors form the core components of electronic devices, including mobile phones and other digital equipment. They are vital for producing transistors, diodes, and integrated circuits, which are crucial to the electronics industry.

CM Mohan Majhi said, "This is a major achievement for Odisha as the groundbreaking ceremony for the semiconductor unit was held today India is not behind any country under the leadership of PM Modi."

Union Minister Ashwini Vaishnaw said, "The Double-Engine Govt has been making development in Odisha in various aspects like Railway, Highway, Electronics, Telecom, Semiconductors. A semiconductor research lab is going to be set up in IIT Bhubaneswar. "

Step Towards A Self-Reliant India

India currently depends on countries such as China, Taiwan, South Korea, and Singapore for semiconductor components. The establishment of this facility in Bhubaneswar is expected to reduce such dependence and enhance domestic production capacity, reportedly. Officials noted that this project will not only boost Odisha’s technological capabilities but also contribute significantly to building a self-reliant India in the semiconductor sector.