SRAM & MRAM Will Invest INR 30 Billion In Odisha To Build A Semiconductor Unit

Semiconductor Unit

SRAM & MRAM Group, a global conglomerate headquartered in the United Kingdom, recently announced that it will invest INR 2 lakh crore in Odisha to establish a semiconductor facility in the state. IPICOL, the Government of Odisha, and SRAM & MRAM Technologies have signed a memorandum of understanding in order to establish the semiconductor facility in Odisha. The investment will be made and implemented in stages. In the initial segment, the group will invest 30 trillion rupees. The organization will collaborate technically with global champions in semiconductors.

This investment has been in the works for a very long time, and we are pleased to see that it is finally taking shape. The nation’s growth is one of our top priorities in everything we do. Dr. Sailesh Lachu Hiranandani, chairperson of SRAM & MRAM Group, stated, “With this collaboration, we are anticipating some truly significant achievements.”

With Startup Wings, a UK-based Investment and Business Consultancy Firm and Growth Accelerator, as well as a collaborator and partner of the SRAM & MRAM group in all its development-oriented deeds, the Group seeks to assist start-ups in various funding phases and provide them with a global platform. According to the company’s official statement, The Group is assisting and fostering the startup ecosystem, as well as contributing to economic growth and nation-building.

“The group’s investment is a strategic investment. This will undoubtedly pave the way for future investments and development in the region across a variety of industries, while leaving an enduring mark with its own niche. In addition, we intend to extend our wings and cultivate the ecosystem around us. Gagan Verma, co-founder of Startup Wings, is confident that this partnership will prove beneficial for both the state and the organization in the future.

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