Adani-Tower Rs 84K chip project approval only after govt ups outlay

The tie-up between Adani Group and Israel-based Tower Semiconductor for setting up a Rs 83,947 crore semiconductor manufacturing project in Maharashtra, will get operationalised only after the ministry of IT and Electronics (Meity) approves it and increases the subsidy outlay for semiconductor incentive scheme, from the current Rs 76,000-crore, officials said.