India, Oct. 5 -- Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, has recently approved the setting up of the 'NaMo Semiconductor Laboratory' at IIT Bhubaneswar.

The project will be funded under the MPLAD Scheme.

The estimated cost of the project is Rs. 4.95 crore.

The lab will position IIT Bhubaneswar as a hub for semiconductor research and skilling.

It will help in developing talent for the chip manufacturing and packaging units coming up across Bharat, read a government statement.

The new lab will further boost the 'Make in India' and 'Design in India' initiatives.

It will act as a catalyst for the fast-growing semiconductor ecosystem of Bharat.

Bharat is home to 20% of global chip design talent. Stude...