SRAM & MRAM announces an investment of Rs 2 trillion in Odisha to set up semiconductor unit
By MYBRANDBOOK
At Make in Odisha (MIO) Conclave, 2022, SRAM & MRAM Group Vice-Chairman Gurujee Kumaran Swami said the group will be investing an amount of Rs 2 lakh crore in Odisha to set up semiconductor unit in the state.
In the first phase the group will pour in Rs 30,000 crore, said Swami and the company's Odisha in-charge Debadutta Singh Deo.
Earlier they met Chief Minister Naveen Patnaik and briefed him on the proposed project. They also discussed in detail about the project with Chief Secretary SC Mohapatra, Industries Secretary Hemant Sharma and other officials.
At the MIO Conclave, the Government of Odisha received large investment commitments and signed multiple MoUs in Electronics and IT.
A direct investment commitment of Rs 8,200 crore has been received which is likely to create over 40,000 jobs in the state, an official said.
The big names which made investment commitments or signed MoUs include Intel, Oracle, Global Foundries, Jupiter Solar, Deloitte, IBM, Happiest Minds, Adani Group, EY, and Aaron Capital.
RailTel, a cpsu under the Ministry of Railways signed an MoU with the state government to set up a neutral submarine cable landing station in Puri which will improve data connectivity and facilitate further growth of the state's IT sector.
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