Odisha Chief Minister Mohan Charan Majhi on Friday laid the foundation stone for India's "first" silicon carbide manufacturing facility at Infovalley on the outskirts of Bhubaneswar, a statement said.
The facility will be set up by RIR Power Electronics Limited, a company dealing in semiconductor power electronics technology.
Speaking on the occasion, Majhi said, “Establishment of the RIR Power Electronics Limited facility is another noteworthy step in our ongoing journey to make Odisha a leading semiconductor hub in India.
The CM said, the new facility will not only manufacture state-of-the-art products but will also open up a wealth of opportunities for the talented youth of the state, giving them an opportunity to work in the field of technology right here in Odisha.
He said it will attract skilled professionals, spur local innovation, boost economic growth and further strengthen Odisha's position as one of India's most promising destinations for electronics and semiconductor manufacturing.
The state-of-the-art facility will be set up with a total investment of approximately Rs 620 crore over a period of three years.
The Chief Minister's Office (CMO) in its statement said the facility is expected to generate more than 500 new jobs at various levels.
It said the project is expected to contribute significantly to India's mission of becoming a self-reliant hub for semiconductor production.
Apart from RIR Power, Odisha has received several other investment proposals in semiconductor and related sectors for setting up new facilities in Bhubaneswar.
The private firm is also in the process of tying up with IIT, Bhubaneswar for technical/research collaboration.
The facility will be set up by RIR Power Electronics Limited, a company dealing in semiconductor power electronics technology.
Speaking on the occasion, Majhi said, “Establishment of the RIR Power Electronics Limited facility is another noteworthy step in our ongoing journey to make Odisha a leading semiconductor hub in India.
The CM said, the new facility will not only manufacture state-of-the-art products but will also open up a wealth of opportunities for the talented youth of the state, giving them an opportunity to work in the field of technology right here in Odisha.
He said it will attract skilled professionals, spur local innovation, boost economic growth and further strengthen Odisha's position as one of India's most promising destinations for electronics and semiconductor manufacturing.
The state-of-the-art facility will be set up with a total investment of approximately Rs 620 crore over a period of three years.
The Chief Minister's Office (CMO) in its statement said the facility is expected to generate more than 500 new jobs at various levels.
It said the project is expected to contribute significantly to India's mission of becoming a self-reliant hub for semiconductor production.
Apart from RIR Power, Odisha has received several other investment proposals in semiconductor and related sectors for setting up new facilities in Bhubaneswar.
The private firm is also in the process of tying up with IIT, Bhubaneswar for technical/research collaboration.
