Bhubaneswar, Aug. 7 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/semiconductor_1625291960.jpg
The Government of Odisha, through its Electronics & Information Technology Department, has formally approved fiscal assistance for Phase 1 of RIR Power Electronics Limited's ambitious Silicon Carbide (SiC) semiconductor manufacturing project in the state.
The Odisha Computer Application Center (OCAC), the nodal body overseeing implementation under the Electronics & IT Department, has issued a notification for the fiscal support agreement, allowing pro-rata disbursement of capital subsidy for the ongoing project.
The project, with a total investment of approximately Rs 618 crore, had received clearance from the State-Level Single...