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The Odisha Cabinet has approved a customized incentive package for RIR Power Electronics Limited (RIR) to establish India’s 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 India’s semiconductor manufacturing capabilities.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st February 2025 edition.. Get this issue or any of our editions by clicking here…
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