Sancode Technologies’ subsidiary -- Sancode Semi has secured in principal approval by the High-Level Clearance Authority (HLCA), the State Government of Odisha for the establishment of an OSAT (Outsourced Semiconductor Assembly and Test) Unit in district of Khordha in the state of Odisha. The proposed OSAT project involves a total capital expenditure of around Rs 1,650 crore, to be incurred over the project implementation period.
This project plays a key role in the company’s strategic expansion into the semiconductor manufacturing ecosystem. The project aligns with the Government of Odisha initiatives aimed at strengthening domestic semiconductor manufacturing and related infrastructure. The approval has been granted subject to the company’s compliance with the standard conditions as mentioned in the approval documents, along with applicable statutory, regulatory, and other necessary approvals and clearances.
Sancode Technologies is engaged in the business of software and product development offering an API enabled platform and solutions that enable organizations to rapidly adopt powerful technology applications addressing their strategic business needs.
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