ENA State 2025-07-17 14:51:15 <p><span style="font-size:14px"><strong>Bhubaneswar, Jul 17 (KNN)</strong> The Odisha state cabinet, led by Chief Minister Mohan Charan Majhi, approved amendments to the Odisha Semiconductor Manufacturing and Fabless Policy on Wednesday, positioning the state as a competitive destination in India's semiconductor and electronics ecosystem.</span></p> <p><span style="font-size:14px">The policy revisions introduce enhanced incentives designed to make semiconductor and allied projects more viable and sustainable.</span></p> <p><span style="font-size:14px">The amendments include 16 significant changes, featuring special packages for initial projects in each category, improved performance-linked incentives, relocation support for companies moving operations to Odisha, and specific incentives for semiconductor park developers.</span></p> <p><span style="font-size:14px">The updated policy strengthens provisions for research and development activities and workforce development, areas identified as crucial for long-term sector sustainability and innovation.</span></p> <p><span style="font-size:14px">These changes aim to create a more attractive investment environment in the capital-intensive semiconductor industry.</span></p> <p><span style="font-size:14px">Under the previous policy framework, Odisha has already secured strategic investments from RIR Power Electronics Ltd, SiCSem Pvt Ltd, and Heterogeneous Integrated Packaging Systems Pvt Ltd.</span></p> <p><span style="font-size:14px">These approved projects focus on compound semiconductors, assembly testing marking and packaging units, and fabless design operations.</span></p> <p><span style="font-size:14px">State officials indicated the amendments will ensure compatibility with existing regulatory frameworks, including the Odisha Industrial Facilitation Act and the Industrial Policy Resolution 2022.</span></p> <p><span style="font-size:14px">An apex committee headed by the chief secretary will oversee policy implementation and expedite project approvals.</span></p> <p><span style="font-size:14px">Electronics and IT Minister Mukesh Mahaling stated the revised policy framework aims to stimulate investment in the high-technology sector, aligning with the India Semiconductor Mission objectives.</span></p> <p><span style="font-size:14px">He emphasised that the amendments demonstrate Odisha's commitment to establishing a globally competitive and investor-friendly semiconductor ecosystem.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42846 https://knnindia.co.in/news/newsdetails/state/odisha-govt-amends-semiconductor-policy-to-attract-investment 2025-07-17 14:51:15 knnindia.co.in