Odisha Chief Minister Mohan Charan Majhi has announced plans for an 870-acre 'Odisha Silicon Valley' near Cuttack, aiming to attract major semiconductor and electronics investments. The state has already secured investment proposals worth ₹23,600 crore for this ambitious venture.
₹23,600 crore
Investment Proposals
⏳ Time Machine
How today’s news fits into the bigger picture
September 2023
Odisha launches initial semiconductor policy.
Odisha introduces its first and Fabless Policy, signaling its intent to attract investments in the chip sector and providing initial incentives for projects.
April 2026
3DGS lays foundation for packaging facility.
3D Glass Solutions breaks ground for its advanced semiconductor packaging facility at Info Valley in Khordha, Odisha, an investment of ₹1,943 crore for advanced 3D heterogeneous integration.
July 2026
Union Cabinet approves Semicon 2.0.
The Union Cabinet approves the India Semiconductor Mission 2.0 with a substantial outlay of ₹1,27,500 crore, significantly expanding national incentives for semiconductor design and manufacturing.
August 2026
Odisha amends semiconductor policy.
Odisha's state cabinet approves a third amendment to its semiconductor policy, offering an additional 25% fiscal support on eligible capital expenditure for ISM-approved projects across the supply chain.
September 15, 2026
SiCSem achieves manufacturing milestone.
RIR Power Electronics, a SiCSem subsidiary, completes erection and installation of silicon carbide epitaxial wafer manufacturing reactors at its Bhubaneswar facility, nearing commercial production.
September 18, 2026
Odisha signs LOI for SiC wafer plant.
Odisha signs a Letter of Intent with QuadQuantum for a facility to manufacture silicon carbide (SiC) substrate wafers, a key component for next-generation electronics, further diversifying the state's semiconductor ecosystem.
Today
Odisha announced plans for an 870-acre 'Odisha Silicon Valley' and received ₹23,600 crore in semiconductor investment proposals.
What happens next?
Odisha will work to convert these investment proposals into operational semiconductor manufacturing and electronics projects, with ongoing infrastructure development at the Naraj hub in the coming years.
Odisha is making a bold move into India's rapidly growing semiconductor sector with plans for an 'Odisha Silicon Valley' spanning 870 acres near Cuttack. Chief Minister Mohan Charan Majhi announced this initiative during SEMICON India 2026, revealing that the state has already garnered investment proposals totaling ₹23,600 crore, potentially creating 6,100 jobs. To lure these critical investments, Odisha is offering an additional 25% fiscal support on capital expenditure for projects approved under the India Semiconductor Mission, extending incentives across the entire chip supply chain. This strategic push leverages the region's strong connectivity and abundant water resources, aiming to build a comprehensive semiconductor ecosystem and transition the state from a 'Mine Economy' to a 'Mind Economy'.
💭 If you're wondering…
The India Semiconductor Mission (ISM) is a government initiative launched to develop India's semiconductor and display manufacturing ecosystem. It provides financial incentives and policy support to attract investments in this strategic high-tech sector.
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