Sancode Semi Gets Odisha HLCA Approval — ₹1,650 Crore OSAT Unit in Khordha
Sancode Semi Private Limited received in-principle approval from Odisha's High-Level Clearance Authority on February 2, 2026, for a ₹1,650 crore OSAT unit in Khordha district — a state-level approval separate from the ISM framework, signalling Odisha's entry into India's semiconductor build-out.
Sancode Semi is a subsidiary of Sancode Technologies Limited (BSE: 543897). The Khordha district facility — which includes Bhubaneswar, Odisha's capital — is planned to generate 570 direct jobs. The approval is a state-level HLCA clearance, not a central ISM Cabinet approval, and carries Odisha's own semiconductor and fabless policy incentives rather than ISM capex co-funding. It remains conditional on statutory and regulatory clearances before construction begins.
Odisha has been building a deliberate semiconductor position: Chief Minister Mohan Charan Majhi separately directed IIIT Bhubaneswar to set up a Centre of Excellence in Semiconductors, with PG diploma courses in advanced semiconductor engineering targeting the 2026–27 academic year.
Khordha district is home to NIIS Group of Institutions and other engineering colleges within commuting distance of the planned facility. Odisha's move — state-level policy, a CoE at IIIT Bhubaneswar, and now an OSAT approval — shows the sequencing that creates a real semiconductor ecosystem: policy first, institution next, facility third. Punjab has the first two already. The third is the missing piece.