Odisha Cabinet nod to semiconductor policy

The state cabinet on Friday approved a semiconductor manufacturing policy a day before a state delegation is to leave for the USA to attract investment in the sector.

The Odisha Semiconductor Manufacturing and Fabless Policy promises 25% additional subsidy on capital investment to those who approach the state thorough the Indian government. This will be over and above the 50% subsidy available to investors by the Centre. Smaller investors, who may directly approach the state for semiconductor manufacturing, will get 30% subsidy on capital investment.