Odisha Plans To Set Up A ‘Silicon Valley’ To Woo Semiconductor Companies

•Odisha plans to set up an 870-acre 'Odisha Silicon Valley' between Cuttack and Bhubaneswar to woo semiconductor companies.

•The state has approved five semiconductor projects worth ₹11,000 Cr, creating 4,500 direct and 16,000 indirect jobs.

•Odisha has amended its semiconductor policy, offering up to 25% capex for projects under the India Semiconductor Mission.

•The state aims to transform into a high-tech chip-making powerhouse, attracting international companies like Intel and 3D Glass Solutions.