India establishes first SiC manufacturing facility in Odisha by RIR Power Electronics, investing Rs 620 crores and creating 500 jobs.

India is establishing its first Silicon Carbide (SiC) manufacturing facility in Odisha, spearheaded by RIR Power Electronics Ltd. The project, with an investment of about Rs 620 crores, aims to create over 500 jobs and enhance the local semiconductor industry. This initiative aligns with India's goal of becoming self-reliant in semiconductor production and is expected to spur economic growth and innovation in the region.

September 06, 2024
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