Posted inEconomy
Union Cabinet Approves Three Semiconductor Plant Proposals Worth Rs 1.26 Lakh Crore
The Union Cabinet has greenlit three significant semiconductor plant proposals, marking a monumental stride in India's semiconductor manufacturing landscape. With investments totaling Rs 1.26 lakh crore, these ventures are poised to bolster the country's technological prowess and create substantial employment opportunities. The approved projects include India's first semiconductor fabrication plant in Gujarat, a semiconductor unit in Assam, and another semiconductor facility in Gujarat. These initiatives signify a crucial step towards establishing a robust semiconductor ecosystem in India, facilitating advancements in chip design, fabrication, and packaging technologies.