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Economy & Banking 19 September 2026 · Event date: 18 September 2026

Union Minister Ashwini Vaishnaw and Odisha CM Mohan Charan Majhi Inaugurate Odisha Pavilion

Union Minister Ashwini Vaishnaw and Odisha CM Mohan Charan Majhi Inaugurate Odisha Pavilion
Official visual from the source release · Source: Press Information Bureau

Union Minister Ashwini Vaishnaw and Odisha Chief Minister Mohan Charan Majhi inaugurated the Odisha Pavilion at SEMICON India 2026 in New Delhi. The pavilion highlights the state's semiconductor capabilities, securing investment proposals worth around ₹23,600 crore with a potential for 6,100 jobs. Additionally, Odisha announced the development of 'Odisha Silicon Valley' across 870 acres at Naraj near Cuttack.

Why It Matters

This press release is relevant for competitive exams covering national economic developments, state investments, and policy initiatives in technology and semiconductor sectors.

UPSCSSCState PSCRailway / RRB

In Simple Words

Union Minister Ashwini Vaishnaw and Odisha CM Mohan Charan Majhi inaugurated the Odisha Pavilion at SEMICON India 2026 in New Delhi. The pavilion highlights the state's expanding capabilities across the semiconductor value chain.

During the event, Odisha received investment proposals worth about ₹23,600 crore, potentially creating 6,100 jobs. The state also announced Odisha Silicon Valley across 870 acres at Naraj near Cuttack and signed a Letter of Intent with QuadQuantum for a SiC substrate wafer facility.

Key Points

  • Inaugurated by Union Minister Ashwini Vaishnaw and Odisha CM Mohan Charan Majhi at SEMICON India 2026, New Delhi.
  • Odisha received investment proposals worth approximately ₹23,600 crore with potential for 6,100 jobs.
  • An LoI was signed with QuadQuantum for a semiconductor facility producing SiC substrate wafers.
  • Odisha Silicon Valley is announced over 870 acres at Naraj, near Cuttack.
  • Projects of RIR Power, SiCSem, 3DGS, ARF Design, NIT Rourkela, and PMEC Brahmapur are showcased.
  • The state extended 25% additional fiscal support to ISM-approved projects in its Third Policy Amendment.
  • The Odisha Pavilion features a Sand to Silicon installation symbolizing the shift from Mine Economy to Mind Economy.
  • Engagements included global delegations and companies from Japan, Sweden, Taiwan, and firms like Lam Research and Applied Materials.

Exam Angle

Event
SEMICON India 2026
Investment proposals received
₹23,600 crore
Employment potential
6,100 opportunities
Odisha Silicon Valley location
Naraj, near Cuttack (870 acres)

A. Approximately ₹23,600 crore

Source: Press Information Bureau

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