Bhubaneswar:29/7/23: Odisha is all set to be a global IT and semiconductor hotspot as many large IT and semiconductor multinational companies (MNCs) have expressed their investment intention in the state.
This has been informed during the discussion of the Odisha government delegation with top Silicon Valley industry leaders from various fields such as IT, semiconductor design and automation, VC, professional services, AI/ML and 5G.
Leaders Cadence Design Systems, Integreon, Celano.io, eFabless Corporation, and many other MNCs participated in these discussions. The delegation interacted with various software service companies including major IT MNC Cognizant Technology Solutions (CTS). Delegation interacted with Cognizant CEO Ravi Kumar and showcased the advantages of Odisha for a possible footprint for Cognizant (CTS) in the state.
The delegation met PR Patel, promoter of Global HDI PCB Manufacturing Inc. and a former executive at Intel. The delegation provided him a comprehensive account of Odisha’s advantages, ranging from natural endowments to generous incentives and an investment friendly climate.Mr. Patel expressed his intent to set up HDI-PCB manufacturing unit inOdisha with investment of ₹4,360 Cr in 7 years. A total of 3,500 jobs would be generated along with strengthening of semiconductor ecosystem. Mr. Patel’s team will soon make a visit to Odisha for site inspection.
In another meeting, the delegation interacted with Mr. Subroto Mukerji, CEO, Integreon. A Letter of Intent have been received from Integreon for setting up of its Offshore Development Centers of 500 capacity in Odisha to offer AI/ML derived business insights to clients.
The delegation had an extensive conversation with Mr. Michael Wishart, CEO, efabless.com The company offers a platform which enables a global community of chip experts and non-experts to collaboratively design, share, prototype & commercialise special purpose chips.