Silicon Valley (US):27/7/23: The Odisha Govt delegation at Silicon Valley (US) met with Dr. Harshad Mehta, promoter of US based Silicon Power Group which is all set to open a 150mm Silicon Carbide manufacturing facility in Odisha with an investment of ₹1000 Cr. Dr. Mehta has submitted a Letter of Intent to the Odisha Govt delegation.

The investment will be made by the group’s Indian Subsidiary, RIR Power Electronics. Silicon Power is a major technology developer and solutions provider in the design, development, manufacturing and testing of high-power semiconductor devices and utility-applicable systems.This will be a first-of-its-kind manufacturing facility inOdisha that will serve as a testament to Odisha Govt’s efforts to develop a semiconductor ecosystem in the state. The company has committed to start operations in the next 18 to 24 months.

During a comprehensive and wide-ranging discussion with the company team, the delegation highlighted Odisha’s industrial ecosystem & the generous incentive package available under various policies, including recently approved Semiconductor Manufacturing & Fabless Policy.