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US-BASED SILICON POWER TO INVEST Rs 1000 Cr TO SET UP A SILICON CARBIDE MANUFACTURING PLANT IN ODISHA

by Koushik Gope
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Silicon Power Corporation, a leading manufacturer of flash memory products, has announced plans to invest Rs 1000 crore to set up a silicon carbide (SiC) manufacturing plant in Odisha. The plant is expected to be operational by 2025, and will create over 1000 jobs.

SiC is a semiconductor material that is used in a variety of applications, including electric vehicles, power electronics, and industrial motors. It is a more efficient and durable material than silicon, and is therefore in high demand.

The Odisha government has been actively promoting the development of a semiconductor ecosystem in the state. The state has a number of advantages, including a skilled workforce, a good infrastructure, and a favorable investment climate.

The Silicon Power investment is a significant boost for the Odisha government’s efforts to develop a semiconductor ecosystem. The plant is expected to create a ripple effect in the state’s economy, and will help to attract other investments in the semiconductor sector.

Here are some of the benefits of the Silicon Power investment:

  • It will create jobs and boost the economy of Odisha.
  • It will help to develop a semiconductor ecosystem in India.
  • It will make India self-reliant in the production of SiC.
  • It will help to reduce India’s dependence on imports.

The Silicon Power investment is a positive development for India’s semiconductor industry. The investment will help to make India a global hub for the production of SiC, and will help to boost the country’s economy.

Here are some additional details about the Silicon Power investment:

  • The plant will be located in the Kalinganagar Industrial Park in Odisha.
  • The plant will have a capacity of 10,000 wafers per month.
  • The plant is expected to be operational by 2025.
  • The investment will create over 1000 jobs.

The Silicon Power investment is a significant boost for the Odisha government’s efforts to develop a semiconductor ecosystem. The plant is expected to create a ripple effect in the state’s economy, and will help to attract other investments in the semiconductor sector.

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