Odisha, India – RIR Power Electronics Ltd. has received approval for a customized incentive package under the Odisha Semiconductor Manufacturing and Fabless Policy 2023 to set up a state-of-the-art Silicon Carbide (SiC) Semiconductor Manufacturing Plant in Odisha. This strategic investment of ₹618 Crores marks a significant milestone in advancing India’s semiconductor industry and strengthening domestic manufacturing capabilities.
The upcoming facility will focus on producing next-generation SiC semiconductors, catering to industries such as automotive, renewable energy, industrial automation, and power electronics. With its high efficiency and durability, SiC technology is set to revolutionize power applications and contribute to India’s goal of becoming a global semiconductor hub.
“We are proud to align with Odisha’s vision of fostering semiconductor manufacturing and innovation. This initiative not only propels our company forward but also reinforces India’s semiconductor supply chain”
The project is expected to generate employment opportunities, boost local industry partnerships, and support India’s self-reliance in semiconductor manufacturing. With the government’s continued support, RIR Power Electronics Ltd. is poised to make a lasting impact in the semiconductor ecosystem.