Bhubaneswar: Odisha is all set to be a global IT and semiconductor hotspot as many large IT and semiconductor multinational companies (MNCs) have expressed their investment intention in the state.

This has been informed during the discussion of the Odisha government delegation with top Silicon Valley industry leaders from various fields such as IT, semiconductor design and automation, VC, professional services, AI/ML and 5G.

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 major IT MNC Cognizant Technology Solutions (CTS). 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 PR Patel, promoter of Global HDI PCB Manufacturing Inc. and a former executive at Intel. The delegation provided him a comprehensive account of Odisha’s advantages, ranging from natural endowments to generous incentives and an investment friendly climate.

After detailed discussion, 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 seven 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.