Bhubaneswar, July 29 (FN Bureau) Odisha is all set to be a Global IT & Semiconductor Hotspot as many large IT and Semiconductor MNCS have expressed their Investment Intention in the State,Chief Minister office sources here on Friday said The MNCs have expressed their intention during the discussion of Odisha government delegation with top Silicon Valley Industry leaders from various fields at Palo Alto on July 27. Leaders Cadence Design Systems, Integreon, Celano.io, eFabless Corporation, and many other MNCs participated in these discussions. The delegation interacted with various software service companies including majot IT MNC Cognizant Technology Solutions (CTS). The delegation interacted with Cognizant CEO Ravi Kumar and showcased the advantages of Odisha for a possible footprint for Cognizant (CTS) in the State.
The delegation met with PR Patel, promoter of Global HDI PCB Manufacturing Inc., US, and a former executive at Intel and provided him a comprehensive account of Odisha’s advantages, ranging from natural endowments to generous incentives and an investment friendly climate. Official sources said after detailed discussions, Patel expressed his intent to set up an HDI-PCB manufacturing facility in the state with a cumulative investment of approximately Rs. 4,360 crore (~530 million USD) over a period of 7 years. An estimated 3,500 jobs would be generated through this investment along with ancillary benefits such as strengthening and development of a semiconductor ecosystem. HDI PCBs are a type of Printed Circuit Board (PCB) that offers a higher wiring density per unit area compared to traditional circuit boards and are particularly useful in complex, high-performance products that require high-frequency signal transmission. Patel’s team will soon make a visit to Odisha for site inspection. In another meeting, the delegation interacted with Subroto Mukerji, CEO, Integreon which provides services such as contract management, legal operations support and document review to law firms and business intelligence and research to corporations. Letter of Intent (LoI) has been received from Integreon for setting up of its Offshore Development Centers of 500 Persons capacity in Odisha to offer AI/ML derived business insights to clients. The Odisha government delegation also had a discussion with, CEO and Co-founder of Celona.io.
Rajeev Shah, a pioneer and leading innovator of enterprise private wireless solutions credited with developing the industry’s first 5G LAN system. As per discussions, Government of Odisha will facilitate joint research projects between Celona and top Odisha institutions in fields of 5G and Industry 4.0 and also help the company establish a CoE in Bhubaneswar in the said domains. The Odisha delegation had an extensive conversation with Michael Wishart, CEO, eFabless Corporation. The company will submit proposals for collaboration in two potential areas. In order to accelerate semiconductor learning from high-school to university and make it more experiential, accessible, affordable, and fun, the company plans to start a 6-week programme that provides end-to-end learning experience in semiconductor design and fabrication. Official sources here said the delegation interacted with over 50 leading executives of the Silicon Valley and highlighted the growth and expansion possibilities which exist in Odisha today.
The participants were greatly impressed to hear about the rapid strides Odisha is making and offered their whole- hearted support to propel its growth story even further. Underscoring the importance of receiving advisory support and insights from industry veterans, the delegation engaged in a very constructive discussion with Lip-Bu Tan, a world-class leader, semiconductor/deep tech visionary, and renowned venture capital investor based in Silicon Valley. In a detailed discussion with the delegation, Mr. Shiva Ramani, CEO, iOPEX, a digital services provider with offices in San Jose, Philippines, Chennai, Bangalore, and Gurgaon and 4000+ global employees, outlined his plans to set up their Offshore Development centre of 500 headcounts in Bhubaneswar. The company will soon submit a Letter of Intent (LoI) in this regard. The delegation assured him all possible support in facilitating their initiatives in the State.