UK Firm Plans 800-Acre Semiconductor Unit In Odisha Worth Rs 2 Lakh Crore
NDTV
The project requires up to 800 acres of land to establish the semiconductor manufacturing unit.
A UK-based company plans to set up a massive semiconductor fabrication unit in Odisha's Ganjam district with an initial investment of Rs 30,000 crore in the first phase, officials said. The overall project is worth around Rs 2 lakh crore.
The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state government on March 26 to set up the semiconductor unit in the state.
After visiting some sites near Chhatrapur in the district, its Indian company officials headed by its chairman Guruji Kumaran Swami held a meeting with the district administration at Chhatrapur on Thursday.
Ganjam Collector Dibya Jyoti Parida has assured the investors all facilities for setting up the unit.
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