New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of four new semiconductor projects in Andhra Pradesh, Odisha, and Punjab, with a total investment of ₹4,594 crore. Union Minister Ashwini Vaishnaw said the decision comes as India’s semiconductor ecosystem is gaining momentum, raising the total number of projects in the country from six to ten.
The Cabinet also approved the construction of Lucknow Metro Phase 1B at a cost of ₹5,801 crore and a 700 MW hydroelectric project in Arunachal Pradesh. Officials stated that the semiconductor units are expected to play a key role in creating skilled employment opportunities by 2034 and indirectly generate additional jobs by strengthening the electronics manufacturing ecosystem. The projects are also aimed at advancing India’s technological self-reliance and supporting the ‘Atmanirbhar Bharat’ vision, catering to rising demand in telecom, automotive, data centres, consumer electronics, and industrial electronics.
Nara Lokesh Welcomes Move
Andhra Pradesh Minister Nara Lokesh welcomed the Cabinet’s decision, describing it as a milestone under the ‘double-engine government.’ In a post on X, he thanked the Prime Minister for allocating a semiconductor manufacturing project to the state. He said Advanced System in Package Technologies (ASIP) will partner with South Korea’s APACT Co. Ltd. to establish a facility with an annual capacity of 96 million units. The semiconductors will be used in mobile phones, set-top boxes, automobiles, and other applications, contributing significantly to the Atmanirbhar Bharat initiative.