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Odisha Plans 870-Acre Silicon Valley Technology Hub Near Cuttack

Odisha Plans 870-Acre Silicon Valley Technology Hub Near Cuttack
Cuttack to Get 870-Acre ‘Silicon Valley’ · deccanchronicle.com

Odisha wants to build a large technology area near Cuttack.

It will be called the “Odisha Silicon Valley.”

The area will support semiconductor, electronics and IT companies.

The government says it has received investment proposals worth about Rs 23,600 crore.

These proposals could create nearly 6,100 jobs.

Odisha also agreed to support a silicon carbide wafer factory by QuadQuantum.

The state has increased financial help for approved semiconductor projects.

Officials hope these steps will attract more technology manufacturing to Odisha.

Key facts

Planned location
Naraj near Cuttack, along the Cuttack-Bhubaneswar urban corridor
Planned size
870 acres
Proposed brand
Odisha Silicon Valley
Investment proposals
Around Rs 23,600 crore
Potential employment
Nearly 6,100 jobs
New project agreement
A letter of intent with QuadQuantum for a silicon carbide substrate wafer manufacturing facility
Policy support
An additional 25% fiscal support for projects approved under the India Semiconductor Mission

Sources

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