Cabinet approves 4 chip plants entailing ₹4,594 crore investment in Odisha, Punjab, AP

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The Union Cabinet has approved four semiconductor projects for Odisha, Punjab and Andhra Pradesh, Information & Broadcasting Minister Ashwini Vaishnaw said on Tuesday.

The proposals have been approved under the India Semiconductor Mission, which has an outlay of 76,000 crore to provide financial support for setting up chip facilities in the country.

“Cabinet has approved four semiconductor plants that will be set up in Odisha, Punjab and Andhra Pradesh,” Vaishnaw said.

The minister said that a silicon carbide semiconductor plant will be set up in…



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Cabinet approves 4 chip plants entailing ₹4,594 crore investment in Odisha, Punjab, AP


The Union Cabinet has approved four semiconductor projects for Odisha, Punjab and Andhra Pradesh, Information & Broadcasting Minister Ashwini Vaishnaw said on Tuesday.

The proposals have been approved under the India Semiconductor Mission, which has an outlay of 76,000 crore to provide financial support for setting up chip facilities in the country.

“Cabinet has approved four semiconductor plants that will be set up in Odisha, Punjab and Andhra Pradesh,” Vaishnaw said.

The minister said that a silicon carbide semiconductor plant will be set up in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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