India’s Union Cabinet approves four semiconductor plants in Odisha, Punjab, and Andhra Pradesh with Rs 4,594 crore investment, advancing the India Semiconductor Mission.
In a significant boost to India’s semiconductor manufacturing ambitions, the Union Cabinet has approved four new semiconductor projects across Odisha, Punjab, and Andhra Pradesh, amounting to a combined investment of Rs 4,594 crore. This move aligns with the objectives of the India Semiconductor Mission, which has allocated Rs 76,000 crore to accelerate domestic chip manufacturing capabilities and reduce import dependency.
According to Information & Broadcasting Minister Ashwini Vaishnaw, the approved projects include a silicon carbide semiconductor plant in Bhubaneswar, Odisha, led by SiCsem Pvt Ltd with an investment of Rs 2,066 crore. In addition, a 3D Glass semiconductor manufacturing facility will be established in the same city with Rs 1,943 crore in funding. This plant is expected to receive backing from leading US technology firms, signaling strong foreign investor confidence in India’s semiconductor ecosystem.
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In Andhra Pradesh, the Cabinet approved a chip packaging plant to be developed by Advanced System in Package Technologies Pvt Ltd, with an investment of Rs 468 crore. Meanwhile, Punjab will see a semiconductor project led by electronic component manufacturer CDIL, with Rs 117 crore allocated for its establishment.
Financial experts view these approvals as a pivotal step in addressing the global semiconductor supply chain disruptions and enhancing India’s strategic manufacturing capabilities. The integration of advanced technology such as silicon carbide and 3D Glass manufacturing is expected to position India as a competitive player in the global semiconductor market.
The projects are anticipated to generate significant employment opportunities and catalyze ancillary industries, thus strengthening the overall economic growth trajectory in the respective states. This investment also signals the government’s strong commitment to fostering innovation and technology-led industrial development in India.
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