Cabinet clears 4 new chip units with Rs 4.6K crore investment
New Delhi: The Union Cabinet on Tuesday approved four new semiconductor projects under the India Semiconductor Mission taking the total cumulative investments under the initiative to Rs 1.60 lakh crore.
Out of the four new approved projects, two will be in Odisha, while one each will come up in Andhra Pradesh and Punjab. The total investments in these four projects are pegged at around Rs 4,600 crore. It is expected to generate employment for 2034 skilled professionals.
