Odisha Approves Incentive Package for RIR Power Electronics' ₹6.18 Billion SiC Plant

The Odisha cabinet has approved a customized incentive package for RIR Power Electronics Limited to establish India's first Silicon Carbide (SiC) semiconductor manufacturing facility in Bhubaneswar. The project, with a total investment of ₹6.18 billion, will be implemented in two phases and is expected to create 750 jobs. The facility will focus on SiC-based devices for electric vehicles, renewable energy, railways, and defense sectors. This move positions Odisha as a leader in India's semiconductor ecosystem and aligns with the country's goal to enhance domestic manufacturing capabilities. The groundbreaking ceremony for the facility took place on September 7, 2024, at the Electronic Manufacturing Cluster Park in Infovalley, Bhubaneswar.

Source: Odisha Cabinet Press Release, February 5, 2025