Bhubaneswar, January 28: On the first day of the Utkarsh Odisha: Make in Odisha Conclave-2025, Odisha has received a whooping investment intent of nearly Rs 20,900 crores in IT/ITeS, electronics, semiconductors, data centres, and other ancillary sectors. These investments are expected to give a significant boost to its economic growth and ensuring balanced regional development.
Companies such as Zoho, Emmvee Photovoltaic Power, Smartsync Innovations, Kaynes Circuits India, Heterogenous Integration Packaging Solutions, Sancode Technologies, Nextgen Hitech Energy, Vistas Global WLL, and VVDN Technologies have submitted significant investment intent.
The State’s Electronics and Information Technology (E&IT) Department also exchanged MoUs with NASSCOM, Wadhwani Foundation, and Semiconductor Fabless Accelerator Lab (SFAL), Bengaluru.
These MoUs will facilitate the Government of Odisha’s efforts to establish an AI Centre of Excellence, provide trainings to government officials in emerging technologies, and ensure successful implementation of the Government’s flagship O-Chip program.
During a sectoral event being organized by the E&IT Department, Chief Minister Mohan Charan Majhi inaugurated the virtual foundation laying ceremony of SiCSem Pvt. Ltd’s upcoming project in the State.
The company is establishing 15-acre Silicon Carbide semiconductor power devices manufacturing and ATMP facility in Infovalley, Bhubaneswar, in the first phase.
The sectoral event comprised an inaugural session and two panel discussions on the themes, ‘ESDM: The Next Frontier Catalyzing Odisha’s Tech Revolution’ and ‘Unlocking the potential of Tier II cities: GCCs & FinTech Opportunities’.
Attending the inaugural session, Union Electronics & IT Minister Ashwini Vaishnaw, said, “The success of our semiconductor mission has enthused the world. We approved all five projects under the India Semiconductor Mission in less than 90 days each. Now the entire world believes that India will be a major semiconductor destination, and there is no doubt about it.”
“Odisha, which has some of the brightest young people in India, will play a significant role in this process,” said Vaishnaw.
Addressing the gathering, State Electronics & IT Minister Dr. Mukesh Mahaling said, “Government of Odisha has set a target of becoming a USD 500 billion economy by 2036 and a USD 1.5 trillion economy by 2047. We have planned a series of initiatives to turn this vision into reality, including setting up of dedicated Tech Business Parks in tier 2 and tier 3 cities, IT Clusters, GCC Parks, an integrated FinTech cluster, and a network of data centers.”
Ramesh Kannan, MD Kaynes Technology, said, “Kaynes plans to invest in PCB and bare board making in the state of Odisha. We are looking forward to invest Rs 1,500 crores in Odisha in this sector.”
