Following decades of half-baked efforts, India is leaving no stone unturned in its efforts to bring the semiconductor ecosystem, including chip manufacturing, within the country. States are also pitching in with semiconductor policies to make this more profitable.

On July 21, the Odisha Cabinet approved the Odisha Semiconductor Manufacturing and Fabless Policy, which will make it easier for investors to start manufacturing Semiconductor/Electronic Chips in Odisha.

The state intends to use this policy to turn Odisha into a leading centre of semiconductor design and manufacturing.

The state hopes that the policy will result in the establishment of at least one semiconductor manufacturing unit and 100 fabless design companies in Odisha. During the 7-year policy period, the semiconductor ecosystem in Odisha is expected to generate around 5000 direct jobs and 20,000 indirect jobs.

This news follows the announcement that a UK-based company intends to establish a semiconductor fabrication unit in Odisha's Ganjam district. In the first phase, it is expected to invest Rs 30,000 crore. On March 26, SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian subsidiary of the UK-based SRAM & MRAM Group, signed a memorandum of understanding (MoU) with the state government to establish the semiconductor unit in the state.