Large IT and semiconductor multinational US based companies have expressed their investment intention in Odisha

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 later had a discussion with Mr. Rajeev Shah, CEO and Co-founder of Celona.io. The delegation briefed Mr. Shah on the advancements Odisha has made in extending high-speed network connectivity to most remote regions of the state.

As per discussions, Odisha Govt will facilitate joint research projects between Celona & top Odisha institutions in fields of 5G and Industry 4.0 & also help the company establish a Centre of Excellence in Bhubaneswar in the said domains.

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.

In order to accelerate semiconductor learning from high school to university & make it more experiential, accessible, affordable, & fun, eFabless Corp plans to start a 6-week program that provides end-to-end learning experience in semiconductor design and fabrication.

eFabless Corporation and Odisha Govt will also collaborate on the O-Chip program, and the company will provide support to accelerate IP development, with particular focus on IP for emerging applications such as AI/ ML.

During an event hosted by the India in USA (Consulate General of India, San Francisco) & focused on the numerous opportunities in Odisha, the delegation interacted with over 50 leading executives of the Silicon Valley and highlighted the growth and expansion possibilities which exist in Odisha.