Featured

Eastern India’s First Semiconductor FAB Unit To Be Set Up In Bhubaneswar

By
OB Bureau

Bhubaneswar: The first semiconductor FAB unit in eastern India will be set up in Odisha by United Kingdom-based conglomerate SRAM & MRAM Group, which announced Rs 2 lakh crore investment in the project at the Make in Odisha Conclave, 2022, on Saturday.

The proposed unit will be established in an area of 40 acre land near Bhubaneswar and provide direct employment to 5,000 skilled and semi-skilled people. It will also generate 3,000 indirect employment.

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 semiconductors. So, we decided to set up a unit in Odisha, which will put the state on the global supply chain map.”

At the unit, the semiconductor company will design and fabricate printed circuit boards, collaborate with product companies to assemble and also try to design and develop its own R&D centre, a release said.

Briefing media, the SRAM & MRAM Group authorities said that the semiconductor manufacturing unit will come up within three months of getting clearances from all government departments.

“The Vedanta Group and other groups had come up with the project in the country but those are 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 set up with an investment of Rs 30,000 crore in the first phase. It will subsequently go up to 2 lakh crore,” informed Odisha Project head D Singhdeo.

Semiconductor chips are used in equipment ranging from washing machines to aeroplanes “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 to operate,” he added.

 

 

OB Bureau

Recent Posts

Centre Approves Repatriation Of IAS Officer SK Mishra To Parent Cadre Odisha

Bhubaneswar: The Central government has approved repatriation of IAS officer Sanjeeb Kumar Mishra to Odisha…

November 12, 2024

30 Artists Draw Paintings On Life of Odisha’s 1st CM Harekrushna Mahatab At Camp In Bhubaneswar

Bhubaneswar: As part of the 125th birth anniversary celebration of Odisha's first Chief Minister ‘Utkal…

November 12, 2024

State-Level Children’s Fest ‘Suravi’ Takes Off In Bhubaneswar

Bhubaneswar: The state-level Sishu Mahotsav 2024, 'Suravi', took off on the premises of Capital High…

November 12, 2024

‘Yaariyaan’ Actor Himansh Kohli Ties The Knot In A Private Ceremony

Mumbai: ‘Yaariyaan’ actor Himansh Kohli got hitched in a private ceremony on Tuesday. The actor…

November 12, 2024

ECoR To Enhance Power Infra In Several Rly Sections In Odisha

Bhubaneswar: The East Coast Railway (ECoR) is set to enhance its electrification infrastructure with the introduction…

November 12, 2024

5th EMRS National Cultural & Literary Fest & Kala Utsav Begins On Odisha

Bhubaneswar: More than 1400 students from 22 states are participating in the 5th EMRS (Eklavya…

November 12, 2024

Mukesh Khanna Gets Trolled For Posting Teasers On Shaktimaan’s Return

Mumbai: Veteran actor Mukesh Khanna left netizens in a bad mood after he announced the…

November 12, 2024

Rourkela NIT, Bhubaneswar’s KIIT & Cuttack’s SCB Medical College Win State-Level RBI90Quiz

Bhubaneswar: The team from the National Institute of Technology, Rourkela comprising Arpan Chakrabarty and  Dibyajyoti…

November 12, 2024