Odisha expands semiconductor policy with ISM support
Analysis based on 7 articles · First reported Aug 12, 2026 · Last updated Aug 13, 2026
The policy expansion is expected to boost investment in India — Odisha's semiconductor ecosystem, benefiting equipment, materials, and chemical suppliers. It may strengthen India's semiconductor supply chain and attract further domestic and foreign investment, positively impacting related companies and the state's economy.
On August 12, 2026, the India — Odisha Cabinet, chaired by Chief Minister Mohan Charan Majhi, approved the third amendment to the India — Odisha Semiconductor Manufacturing and Fabless Policy. The amendment expands the policy's scope to cover semiconductor equipment, semiconductor-grade chemicals, specialty gases, advanced materials, and other critical supply-chain components, in addition to existing coverage of manufacturing, ATMP/OSAT, display, and fabless design. The state will provide additional fiscal support equivalent to 25% of eligible capital expenditure for projects approved under the India — India Semiconductor Mission (ISM), disbursed on a pari passu basis with central government assistance and linked to project milestones. The policy also enables customised incentive packages for mega projects in equipment and supply chains, subject to Cabinet approval. The amendment aims to build an integrated semiconductor ecosystem, improve competitiveness, and attract high-value manufacturing and R&D. So far, proposals from five companies have been approved, including two projects supported by ISM, such as Ambit Private Limited's silicon carbide fab and an Intel-backed advanced packaging facility.
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