Odisha gets investment intents worth ₹20,900 cr in IT

Odisha Government has received investment proposals worth ₹20,900 crore in IT/ITeS industry in its flagship investment conclave, Utkarsh Odisha – Make in Odisha Conclave 2025.

The investments intents encompass IT/ITeS, electronics, semiconductors, data centres, and ancillary sectors.

These investments, once formalised, are expected to give a significant boost to its economic growth and ensuring balanced regional development, according to Mohan Charan Majhi, the Chief Minister of Odisha.

Companies such as Zoho, Emmvee Photovoltaic Power, Smartsync Innovations, Kaynes Circuits India, Heterogenous Integration Packaging Solutions, Sancode Technologies, Nextgen Hitech Energy, Vistas Global WLL, and VVDN Technologies have submitted significant investment intent.

The State’s Electronics and Information Technology (E&IT) Department also exchanged MoUs with Nasscom, Wadhwani Foundation, and Semiconductor Fabless Accelerator Lab (SFAL), Bengaluru. 

These MoUs will facilitate the Government of Odisha’s efforts to establish an AI Centre of Excellence, provide trainings to government officials in emerging technologies, and ensure successful implementation of the Government’s flagship programe.

The Chief Minister laid virtually for SiCSem Pvt. Ltd’s upcoming project in the State. The company is establishing 15-acre Silicon Carbide semiconductor power devices manufacturing and ATMP facility in Infovalley, Bhubaneswar, in the first phase. 

Odisha plans to set up Tech Business Parks in tier 2 and tier 3 cities, IT Clusters, GCC Parks, integrated FinTech cluster and also a Centre of Excellence for AI, Odisha Minister for IT Mahaling said.

According to E&IT Department’s Principal Secretary Vishal Dev, Odisha h become a pre-eminent tech hub nationally and major global and national IT and professional services firms now have their development centres in Bhubaneswar. 

“Because of the government’s efforts, major semiconductor projects are now coming up in the State – from Silicon Carbide power electronics manufacturing facilities to an advanced glass substrate-based packaging unit,” he said.

Earlier, while speaking in a panel discussion on ‘ESDM: The Next Frontier Catalyzing Odisha’s Tech Revolution’ and ‘Unlocking the potential of Tier II cities: GCCs & FinTech Opportunities’, Union Minister for Railways, Electronics & IT, and Information & Broadcasting Ashwini Vaishnaw, said the success of India’s semiconductor mission enthused the world. 

“We approved all five projects under the India Semiconductor Mission in less than 90 days each. Now the entire world believes that India will be a major semiconductor destination,”

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