Cabinet Approves Three Semiconductor Units

On 29th February, Union Cabinet approved establishment of three semiconductor units, marking significant progress for India's Semiconductor Mission.

Programme aims to develop semiconductor and display manufacturing ecosystems in India with an outlay of Rs. 76,000 crore.
Construction to commence within next 100 days.
Approved units include a semiconductor fab, ATMP units in Gujarat and Assam, and specialized chip unit in Gujarat.
Tata Electronics, Tata Semiconductor Assembly and Test, and CG Power among key players partnering in the initiative.
Investments totalling Rs. 125,600 crore expected, fostering advanced technology and job creation.
Strategic importance highlighted, emphasizing establishment of semiconductor ecosystem in India.
Estimated direct employment in 20,000 advanced technology jobs and 60,000 indirect jobs expected.