Last Updated: July 01, 2023, 17:39 IST
The proposed unit will assist generate employment in addition to handle the semiconductors requirement within the nation. (Shutterstock)
A UK-based firm is planning to arrange a semiconductor fabrication unit in Odisha’s Ganjam district with an funding of Rs 30,000 crore within the first part.
A UK-based firm is planning to arrange a semiconductor fabrication unit in Odisha’s Ganjam district with an funding of Rs 30,000 crore within the first part, officers mentioned.
The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state authorities on March 26 to arrange the semiconductor unit within the state.
After visiting some websites close to Chhatrapur within the district, its Indian firm officers headed by its chairman Guruji Kumaran Swami held a gathering with the district administration at Chhatrapur on Thursday.
Ganjam Collector Dibya Jyoti Parida has assured the buyers all amenities for establishing the unit.
“We have visited some sites, including the industrial park of Tata and some private lands for the establishment of the proposed semiconductor unit. A technical team of the company will visit the district to finalise the site,” mentioned Debadutt Singhdeo, challenge director of the agency.
The firm requires round 500 to 800 acres of land to ascertain the unit.
Though the corporate officers visited another districts as nicely, they most well-liked the positioning close to Chhatrapur on account of its proximity to Gopalpur port, a devoted industrial hall, an airstrip and a nationwide freeway, in addition to availability of fresh water and power – the fundamental requirement of the fabrication unit, sources mentioned.
The firm has aimed to ascertain the unit inside two years and to supply direct employment to 5,000 folks. It has additionally deliberate to broaden the unit in subsequent phases by investing round Rs 2 lakh crore by 2027, mentioned Singhdeo.
The semiconductor unit will produce reminiscence chips, utilized in cellphones, tv units, laptops, air conditioners and ATMs. Since the nation will not be self-reliant on the manufacture of semiconductors, it imports round Rs 3 lakh crore semiconductors yearly from totally different international locations.
“The project will boost industrialisation in the district,” mentioned Berhampur MP Chandra Sekhar Sahu.
He mentioned that on account of a gorgeous industrial coverage, a number of firms are all for investing within the state.
The proposed unit will assist generate employment in addition to handle the semiconductors requirement within the nation, Sahu mentioned.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
