Bhubaneswar: In a boost to Odisha’s effort to establish itself as a Semi-conductor hub, US based Silicon Power Group has proposed to open a 150mm Silicon Carbide manufacturing facility in Odisha with an investment of Rs 1,000 crore.
The investment will be made by the group’s Indian Subsidiary, RiR Power Electronics. Dr. Harshad Mehta, promoter of the group and an electronics and semiconductor industry veteran with 4 decades of leadership experience, has submitted a Letter of Intent to the Government of Odisha delegation which is on an official visit to the US.
This will be a first-of-its-kind manufacturing facility in Odisha and will serve as a testament to the efforts Govt of Odisha has put-in to develop a semiconductor ecosystem in the state. It will bolster the industrial landscape and create significant employment opportunities in the state. Silicon Power is a pioneer and leader in medium voltage, sub-cycle switching technology and solutions.