The state is also looking forward to collaborating with the US universities in some of the important domains such as Machine Learning and Artificial Intelligence
In an effort to bolster the semiconductor industry in the state, the Odisha government has now started looking for investment opportunities from the US. An official familiar with the matter told the local media that the investment would set-up the first semiconductor plant in the state after it amended the semiconductor policy in Jan 2024.
As per reports, the policy was amended by the state to encourage more investments in electronics manufacturing. The then Chief Minister, Naveen Patnaik, unveiled the much-awaited Odisha Semiconductor Manufacturing and Fabless Policy 2023 to escalate investments in regards to semiconductor and electronic chip manufacturing units, and also fabless design facilities in the state. The policy focused on fortified financial assistance mechanisms, including short-term loans with a lower interest rate, benefits from the PLI scheme, and billions of investments in skill development and R&D.
The incumbent Chief Minister, Mohan Charan Majhi, had a detailed discussion with the US consul general, Jeniffer Larson, in Hyderabad. The consul general assured to provide assistance to develop Odisha’s renewable energy, industrial, tourism, and education sectors. The CM also mentioned that the state is also looking forward to collaborating with US universities in some of the important domains, such as Machine Learning and Artificial Intelligence. Moreover, the state is also looking to collaborate between US universities and Odisha to educate people in semiconductor and electronics manufacturing.
The state government has also associated with and signed MoUs with three entities, India Electronics & Semiconductor Association (IESA), semiconductor giant Synopsys and Electronics and Computer Software Export Promotion Council (ESC). According to IESA, the collaboration with the government will assist in building capacity-building programs, and marketing India’s growth potential in the semiconductor industry via events.
