Odisha positions as a global IT & Semiconductor hotspot by attracting key global leaders

With many large IT and Semiconductor MNCS having expressed their investment intention in the state, Odisha is all set to be a Global IT & Semiconductor hotspot. This has been informed during the discussion of the Government of Odisha 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). According to an official press release, the delegation interacted with Cognizant CEO Ravi Kumar and showcased the advantages of Odisha for a possible footprint for Cognizant in the State, said. 

The delegation also met with PR Patel, promoter of Global HDI PCB Manufacturing Inc., US, 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. 

Following detailed discussions, Patel expressed his intent to set up an HDI-PCB manufacturing facility in the state with a cumulative investment of approximately Rs 4,360 crore (~530 million USD) over a period of 7 years.  

This investment would result in the generation of an estimated 3,500 jobs along with ancillary benefits such as strengthening and development of a semiconductor ecosystem. HDI PCBs are a type of Printed Circuit Board (PCB) that offers a higher wiring density per unit area compared to traditional circuit boards and are particularly useful in complex, high-performance products that require high-frequency signal transmission. Patel’s team will soon make a visit to Odisha for site inspection. 

In another meeting, the delegation interacted with Subroto Mukerji, CEO, Integreon. With operations in the US, UK, India, and Philippines, the firm specializes in performing outsourced services of corporations and law firms. It provides services such as contract management, legal operations support and document review to law firms and business intelligence and research to corporations. Letter of Intent (LoI) have been received from Integreon for setting up of its Offshore Development Centers of 500 Persons capacity in Odisha to offer AI/ML derived business insights to clients.