Govt. of Odisha issued a notification regarding the amendment of the Semiconductor Manufacturing and Fabless Policy -2023

Apr 08, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Odisha on March 13, 2024, issued a notification regarding the amendment of the Semiconductor Manufacturing and Fabless Policy -2023.

The following has been stated: -

•The Odisha Semiconductor Manufacturing and Fabless Policy-2023 notified vide Electronics and IT Department Resolution No.3698, Dt. September 01, 2023, as given below has been amended.

•The Odisha Semiconductor Manufacturing and Fabless Policy envisions developing an end-to-end semiconductor ecosystem in Odisha. The program aspires to contribute to the national semiconductor ecosystem development objectives and aims to transform Odisha into a leading centre of semiconductor design and manufacturing, a start-up hub for semiconductor R&D and design companies, and the primary repository of the semiconductor design talent in the country.

•The primary objectives of Odisha Semiconductor Manufacturing and Fabless policy are: 

(i)To create a semiconductor design and manufacturing ecosystem in Odisha that can contribute to the state’s economic growth, its culture of innovation, create jobs for the people, and help India increase its self-reliance in an area of strategic importance.

(ii)To create state-of-the-art infrastructure with culling-edge design and testing tools that can enable start-ups, companies, and academic institutions to collaborate and fulfill their true potential.

(iii)To build a conducive fabless ecosystem in the state and attract a minimum of 100-1 20 chip design companies and start-ups in the next 7 years. 

(iv)To create a minimum of 5,000-6,000 high-end jobs in the chip design space in the next 7 years.

The detailed notification is given in the document attached below.

[Notification No.1172/E&IT/PT1-EIT-DEV-II-HWSW-0001-2023]


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