Silicon Power to invest $121 mln for silicon carbide facility in India's Odisha state
BHUBANESWAR, July 28 (Reuters) - U.S.-based Silicon Power Group will invest 10 billion rupees ($121.73 million) to set up a 150mm silicon carbide manufacturing facility in India's Odisha state, the state's chief minister's office said late Thursday.
The company has committed to start operations in the next 18 to 24 months, the chief minister's office said in a statement. ($1 = 82.1500 Indian rupees) (Reporting by Jatindra Dash in BHUBANESWAR; writing by Manvi Pant)
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