The United Kingdom-based conglomerate SRAM & MRAM Group, which announced a Rs 2 lakh crore investment in the project at the Make in Odisha Conclave, in 2022, will establish the first semiconductor FAB plant in eastern India in Odisha.
A brief about the Eastern India’s 1st Semiconductor manufacturing Unit to Be Set up in Bhubaneswar Odisha
A 40-acre plot of land would be used to build the proposed unit, which will employ 5,000 trained and semi-skilled workers directly. Additionally, it will create 3,000 indirect jobs.
Vice Chairman of SRAM & MRAM Group Guruji Kumaran Swamy declared, “We intend to produce the semiconductor fabrication chip here. Today, just in India, almost 30 lakh autos are awaiting chips. Semiconductors are urgently needed, according to yesterday’s statement from the union IT minister. Therefore, we made the decision to establish a facility in Odisha, which will help the country’s supply chain recognize the state.
According to a press release, the semiconductor company will design and manufacture printed circuit boards at the facility. It will also work with other companies to assemble products and attempt to create and construct its own R&D facility.
The SRAM & MRAM Group officials briefed the media and stated that the semiconductor production unit would be operational in three months following approval from all government agencies.
The Vedanta Group and other organizations had developed projects across the nation, but they are still being worked on. The SRAM & MRAM Group will launch the project in Odisha for the first time at this time. The initial investment for the semiconductor production facility will be Rs 30,000 crore. Following that, it will increase to 2 lakh crore, according to D Singhdeo, project director for Odisha.
Equipment ranging from washing machines to airplanes uses semiconductor chips. “For semiconductors, India primarily relies on China, Taiwan, and South Korea. The SRAM & MRAM Group collaborates with well-known enterprises all around the world. As soon as the government grants us permission to operate, we are prepared to begin, he continued.