Odisha Chief Minister Mohan Charan Majhi attended the groundbreaking ceremony for India's first silicon carbide manufacturing facility on Friday.
The facility will be established in Odisha with an investment of Rs 620 crore. RIR Power Electronics Limited, a leader in India's semiconductor power electronics technology, will develop the project at EMC Park, Infovalley, Bhubaneswar.
This development positions India and the state of Odisha at the forefront of the global power electronics market, according to an official.
Attending the event, Chief Minister Mohan Charan Majhi said, “The establishment of RIR Power Electronics Limited’s facility is another notable step in our ongoing journey to make Odisha a leading semiconductor hub in India.” He said this new facility will not only create state-of-the-art products but also open up a wealth of opportunities for our talented youth, providing them with avenues to work at the cutting edge of technology right here in Odisha.
“The facility will attract skilled professionals, foster local innovation, drive economic growth, and further solidify Odisha’s position as one of India’s most promising destinations for electronics and semiconductor manufacturing,” the chief minister said.
Officials said that RIR’s products are sold internationally, across North America, Europe and Asia for use in sectors such as Railway, Defence, Power, Transportation, Aerospace and Sustainable Energy.
They said this project is expected to contribute significantly to India’s mission of becoming a self-reliant hub for semiconductor production.
The opening of this state-of-the-art facility, which will require a total investment of around Rs 620 crores over three years, marks a significant step for Odisha’s entry into the power electronics industry. This facility will create over 500 new jobs across various levels, from R&D to factory operations, providing large-scale employment opportunities.
Apart from this, it will enhance Bhubaneswar's industrial landscape by implementing best practices and Sustainable Energy, fostering the development of advanced technologies, and building a skilled and diverse workforce.
Apart from RIR Power Electronics Limited, Odisha has received several other investment proposals in semiconductor and related fields to establish new facilities in Bhubaneswar. RIR is also in the process of tying up with IIT-Bhubaneswar for Technical/Research collaboration.
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