Newspunjab
12 August 2025
The Union Cabinet on Tuesday approved setting up of four new semiconductor plants in Odisha, Punjab and Andhra Pradesh with an investment of Rs 4,594 crore. The Union Cabinet has approved four new semiconductor projects under the India Semiconductor Mission (ISM). This will prove to be another milestone in India’s efforts to build a strong chip-making ecosystem. According to the Centre, a total of 2,034 skilled people are expected to get employment from these four approved projects.
According to the government, this will give a boost to the electronics manufacturing ecosystem. Union Information and Broadcasting Minister Ashwini Vaishnav briefed reporters about the decision taken in the Cabinet meeting on Tuesday. He said that these projects have been approved under the ‘India Semiconductor Mission’. A provision of Rs 76,000 crore has been made for this mission with the intention of providing financial assistance for setting up semiconductor manufacturing units.
Union Railway Minister Vaishnav said, “The Cabinet has approved the setting up of four semiconductor plants in Odisha, Punjab and Andhra Pradesh.” Vaishnav said that a silicon carbide semiconductor plant will be set up in Bhubaneswar, on which Sysem Private Limited will invest Rs 2,066 crore.
