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Incentives worth ₹600 cr offered for semicon hubs
The New Indian Express Sambalpur
|August 14, 2025
EVEN as the Centre has approved two big-ticket chip plants worth ₹4,009 crore for Odisha, the state government has upped its game and decided to offer special incentives and additional infrastructure support up to ₹600 crore for setting up semiconductor parks.
As per the recently amended Semiconductor Manufacturing and Fabless Policy, investors intending to set up a semiconductor industrial park in the state through world-class developers will get a subsidy of 25 per cent (pc) of the capital expenditure up to a maximum ceiling of ₹400 crore. Capital expenditure include core infrastructure, common infrastructure and common facility centres.
The park developers will also get land at 25 pc discount over the prevailing rate of Industrial Policy Resolution (IPR). The government has invited companies to establish public-private-partnership (PPP) ventures for common facilities centres with advanced infrastructure for tooling, instrumentation, testing and captive effluent treatment plants, among others.
This story is from the August 14, 2025 edition of The New Indian Express Sambalpur.
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