HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Cabinet approves four semiconductor projects worth Rs 4,600 crore under India Semiconductor Mission
Aug-13-2025

Building up the momentum in semiconductor ecosystem in India, the Union Cabinet has approved four more semiconductor projects under India Semiconductor Mission (ISM). With a cumulative investment of around Rs 4,600 crore, these four approved proposals will setup semiconductor manufacturing facilities in Odisha, Punjab and Andhra Pradesh. The projects are expected to generate a cumulative employment for 2034 skilled professionals which would catalyse the electronic manufacturing ecosystem resulting in creation of many indirect jobs. 

Including these four projects, total approved projects under ISM reaches to ten with cumulative investments of around Rs 1.60 lakh crore in 6 states. These projects will significantly contribute to making Atmanirbhar Bharat as industries such as telecom, automotive, datacentres, consumer electronics and industrial electronics witness surging demand for semiconductors.

With the approval of these projects, semiconductor ecosystem in country would get significant boost as these projects include country’s first commercial compound fab as well as highly advanced glass-based substrate semiconductor packaging unit. These would complement the growing world class chip design capabilities coming up in the country which are propelled by design infrastructure support provided by Government to 278 academic institutions and 72 start-ups. 

  RELATED NEWS >>