Cabinet Approves New Semiconductor Projects in India
The Union Cabinet, led by Prime Minister Narendra Modi, has approved four new semiconductor manufacturing projects in Odisha, Punjab, and Andhra Pradesh, with a total investment of Rs. 4,600 crore. These projects are expected to create over 2,000 jobs and enhance India's semiconductor ecosystem, contributing to the Atmanirbhar Bharat initiative. The approved projects include facilities for Silicon Carbide devices, advanced packaging technologies, and high-power discrete semiconductor devices, marking significant advancements in India's semiconductor capabilities.
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