Odisha Approves Incentive Package for Indias First Silicon Carbide Semiconductor Facility

February 1, 2025

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The Odisha Cabinet has approved a customized incentive package for RIR Power Electronics Limited (RIR) to establish Indias first Silicon Carbide (SiC) semiconductor manufacturing facility in Bhubaneswar. With an investment of Rs 618.60 crore, the project is expected to be completed within two years. The facility will focus on SiC-based devices, targeting key sectors such as electric vehicles (EVs), renewable energy, railways, and defence, marking a significant step in Indias semiconductor manufacturing capabilities.

Note: The above-mentioned news was first published by us in our ProjectX India | 1st February 2025 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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