India has the groundbreaking ceremony for its first silicon carbide manufacturing plant yesterday, presided over by Odisha Chief Minister Mohan Charan Majhi. RIR Power Electronics Limited is investing a massive Rs 620 crore in this mega project coming up in EMC Park, Info Valley, Bhubaneswar.
Significance of the Facility
- A giant leap to make India a front runner in global power electronics market and also advancing Odisha.
- In addition to boosting the state’s IT sector, this is also part of a larger project to develop Odisha into semiconductor manufacturing epicentre.
- Estimated to generate approximately 500 jobs in R&D and factory operations.
Employment Prospects and Potential Jobs
- Employs local youth and gives knowledge in the latest technologies.
- Helps in the overall career growth.
Collaborative Efforts
- IIT Bhubaneswar has signed an MoU with RIR Power Electronics Limited for technical and research support.
- Strengthens India's resolve for Atmanirbhar Bharat in semiconductors.
- Follows Trend of Growing Investments in Odisha's Semiconductor Sector
Month: Current Affairs - September 13, 2024
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