Current Affairs - State - Discussion

Odisha will receive a Rs 3,406-crore silicon carbide chip project to be established by Tamil Nadu-based SiCSem Private Limited. The semiconductor unit will be located at IDCO Infovalley-II in Khordha. The facility will manufacture silicon carbide diodes and MOSFETs for both domestic consumption and export markets. The project is expected to strengthen Odisha’s semiconductor manufacturing ecosystem and contribute to India’s growing electronics and chip industry. It is also projected to generate Rs 4,523 crore in foreign exchange over a period of five years, making the investment significant for industrial development, technology manufacturing, employment and export-oriented economic activity in the state.