Cabinet approves four semiconductor factories in Odisha, Andhra Pradesh & Punjab

The Union Cabinet on Tuesday approved the establishment of four new semiconductor manufacturing units across the country at the cost of Rs 4,594 crore. Of these, two factories will be set up in Odisha, while one each will come up in Andhra Pradesh and Punjab.

These four approved proposals are expected to generate a cumulative employment for 2034 skilled professionals which would catalyse the electronic manufacturing ecosystem resulting in the creation of many indirect jobs, as per central government.

With these four more approvals today, total approved projects under ISM reaches to 10 with cumulative investments of around Rs 1.60 lakh crore in 6 states.


"Given the growing demand of semiconductors in telecom, automotive, datacentres, consumer electronics and industrial electronics, these four new approved semiconductors projects would significantly contribute to making Atmanirbhar Bharat. "

SiCSem and 3D Glass will be set up in Odisha. CDIL is located in Punjab and ASIP will be set up in Andhra Pradesh.

Union Information and Technology Minister Ashwini Vaishnaw had said earlier that the country is set to witness the rollout of its first made-in-India chip "very soon" as six semiconductor plants are already under construction in Gujarat, Assam and Uttar Pradesh.

Emphasising the government's resolve for the easy accessibility of Artificial Intelligence (AI) technologies, he said, "AI is shaping our world today. Our Prime Minister's vision is of democratising technology. It should be accessible to all. It should not be limited to a few. It should be available to all. That's why we have done the India AI mission in which 34,000 GPUs (Graphics Processing Units) are available today as a common compute facility for all our innovators."

In addition, the PM Modi-led Cabinet also gave the green light for the extension of the Lucknow Metro line at a budget of Rs 5,801 crore, aiming to enhance urban mobility and cater to the growing transportation needs of the city’s residents

It also approved a Bill to establish a new Indian Institute of Management (IIM) in Guwahati and the construction of a Tato-II hydroelectric Project worth 700 MW at the cost of Rs 8,146 crore.

This would mark the second IIM in the northeast, after the first one in Shillong.