Bhubaneswar: The State Cabinet has approved the Second Amendment to the Odisha Semiconductor Manufacturing and Fabless Policy-2023, a significant move aimed at reinforcing Odisha’s commitment to becoming a leading hub for semiconductor and electronics innovation.
The amendment introduces a more robust package of incentives and refined provisions to enhance the viability and sustainability of semiconductor projects, particularly in this capital-intensive and high-technology sector.
The policy has already attracted strategic proposals in compound semiconductors, ATMP units, and fabless design, with noteworthy proposals from companies like RIR Power Electronics Ltd, SiCSem Pvt. Ltd, and Heterogeneous Integrated Packaging Systems Pvt. Ltd having been approved. The state continues to receive encouraging interest from investors aligned with the India Semiconductor Mission.
The newly approved amendment is a proactive response to stakeholder feedback, national policy trends, and evolving investor expectations. It introduces 16 key changes, including a special package for the first few projects in each category, enhanced Performance-Linked Incentives (PLI), relocation support, incentives for semiconductor park developers, and strengthened R&D and skilling provisions.
The amendment aligns with the Odisha Industrial Facilitation Act and IPR 2022 and streamlines regulatory and governance mechanisms. An Apex Committee, chaired by the Chief Secretary of Odisha, will oversee policy implementation and fast-track approvals.
Electronic and Information Technology Minister Mukesh Mahaling said, “The approved amendment reflects Odisha’s intent to create a globally competitive, investor-friendly semiconductor ecosystem.”
