UK-based SRAM -; MRAM plan to invest Rs 2 trillion in Odisha to set up a semiconductor unit

6 Dec 2022 , 10:29 AM

On the Make in Odisha (MIO) Conclave, 2022, the UK-based SRAM & MRAM Group VC, Gurujee Kumaran Swamy announced that the group would invest Rs 2 lakh crore in Odisha to establish a semiconductor factory.  Initially, the company decided to invest Rs 30,000 crore. Earlier, VC Swamy and the company’s representative for Odisha, Debadutta Singh Deo, met with CM Naveen Patnaik and briefed him on the proposed project.

The other big companies that made investment commitments/signed MoUs: Intel, Oracle, Global Foundries, Jupiter Solar, Deloitte, IBM, Happiest Minds, Adani Group, EY, and Aaron Capital.

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