The record
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- SiCSem Private Limited, a Tamil Nadu-based company, has received approval from the Unit Approval Committee of Falta SEZ to build a semiconductor facility in Khordha, Odisha, with an investment of Rs 3,406.25 crore.
- The unit, coming up at IDCO Infovalley-II over 21.889 acres, will manufacture silicon carbide semiconductor devices, including SiC diodes and MOSFETs.
- The project is funded through central and state government subsidies along with promoter contribution, and is projected to generate export turnover of Rs 7,043 crore and net foreign exchange earnings of about Rs 4,523 crore over five years.
- The approval is expected to strengthen India's domestic semiconductor manufacturing capabilities and boost Odisha's emerging semiconductor ecosystem.
What to watch next
- Construction and operational timelines for the facility at IDCO Infovalley-II
- Disbursement of the central government's Rs 700 crore and Odisha government's Rs 350 crore subsidies
- Progress toward the projected export and foreign exchange earnings targets
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Named India · IDCO Infovalley-II · Khordha · Odisha · SiCSem Private Limited · Unit Approval Committee of Falta SEZ
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