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

Did Shinde Demand Home Ministry, If Not Maharashtra CM Post?

Mumbai: Amid the continuing suspense over a new Maharashtra Chief Minister, reports claimed that the…

November 27, 2024

2 Held For Duping Sarpanch, Lawyers By Posing As Police Officers In Odisha’s Malkangiri

Malkangiri: Two persons were arrested for allegedly duping people in Odisha’s Malkangiri district by posing…

November 27, 2024

Gautam Adani, His Nephew & Vneet Jaain Not Charged In Bribery Case: Former Attorney General Of India Defends Billionaire

New Delhi: The Adani Group on Wednesday strongly dismissed allegations of bribery and violations of…

November 27, 2024

Odisha IAS Officer Sujata Karthikeyan Joins Duty After Rejection Of Leave Extension Application

Bhubaneswar: Senior IAS officer Sujata Karthikeyan, wife of V K Pandian, joined duties on Wednesday…

November 27, 2024

4 Teams Formed To Trace Suspect In Baby Theft At VIMSAR In Odisha’s Sambalpur

Sambalpur: Four special teams have been formed to trace a woman, suspected to be involved…

November 27, 2024

Ceasefire Starts Between Israel, Hezbollah To End Fighting In Lebanon, Know The Terms Of The Truce

Jerusalem: Paving the way to end the conflict in Lebanon, Israel’s security cabinet on Tuesday…

November 27, 2024

Know Why Jagannath Temple In Odisha’s Puri Will Remain Closed For 5 Hours Today

Puri: Shree Jagannath Temple in Odisha’s Puri town will remain closed for devotees for five…

November 27, 2024

Junior Mining Officer In Odisha Vigilance Net; Raid On At 7 Places

Bhubaneswar: Odisha Vigilance sleuths on Wednesday launched simultaneous raids at seven places linked to Padmanav…

November 27, 2024