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Incentive package of RIR for semiconductor facility hiked
The New Indian Express Bhubaneswar
|January 23, 2025
THE state cabinet on Wednesday approved a customised incentive package for RIR Power Electronics Limited (RIR) to establish India's first silicon carbide (SiC) semiconductor manufacturing facility in the city with a total investment of ₹618.60 crore.
Announcing the decision of the state cabinet to increase the incentive package from the current 30 per cent to 50 per cent, Chief Minister Mohan Charan Majhi said the company which has already started the project at the Electronic Manufacturing Cluster (EMC) Park in Infovalley, has been asking for more incentives to make the project viable. He said RIR is India's sol
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