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

India To Push Canada For Extradition Of Arrested Khalistani Terrorist Arsh Dalla

New Delhi: India will again ask Canada for the extradition of designated Khalistani terrorist Arshdeep Singh…

November 14, 2024

School Dropout From West Bengal Arrested For Practising As Ayurvedic Doctor In Odisha’s Berhampur

Berhampur: Police have arrested a man from West Bengal for allegedly claiming himself to be…

November 14, 2024

Manoj Bajpayee Recalls Staying In ‘Hell’, Experiencing Starvation

Mumbai: Carving a niche for himself in Bollywood was not a cakewalk for ‘The Family…

November 14, 2024

After Disapproving Of Ranveer, Mukesh Khanna Rejects Tiger Shroff For ‘Shakitmaan’

Mumbai: Mukesh Khanna’s Indian superhero series ‘Shaktimaan’ has been making headlines for quite some time…

November 14, 2024

2nd Tigress Arrives In Odisha’s Similipal Tiger Reserve From Maharashtra

Bhubaneswar: As part of Odisha government's tiger relocation project, second tigress from Maharashtra arrived at…

November 14, 2024

Severe Pollution: Central Panel Forced To Invoke GRAP 3 In Delhi From Tomorrow

New Delhi: Hours after Delhi’s Environment Minister Gopal Rai said that the third phase of…

November 14, 2024

After 7 Years, Allu Arjun Reveals The Story Behind His Viral Wine Shop Video

Mumbai: ‘Pushpa’ actor Allu Arjun is currently busy promoting his highly-anticipated film ‘Pushpa: The Rule’,…

November 14, 2024

Odisha CM Mohan Majhi To Inaugurate Bali Jatra In Cuttack Tomorrow

Cuttack: The Mahanadi river banks in Odisha's Cuttack city are all decked up for inauguration…

November 14, 2024