India's major leap into semiconductor manufacturing: Union Cabinet nod to Rs 1.26 lakh crore chip-making units | India Business News
India Business News: The Indian government has taken a significant step toward becoming self-reliant in semiconductor production by approving the establishment of three semiconductor fabrication units. The approval, announced on February 29 by the Union Cabinet, involves an investment of Rs 1.26 lakh crore ($15.2 billion). The move is aimed at reducing India's heavy dependence on imported chips, essential for various sectors such as defence, automobiles, and telecommunications.
Source: indiatimes.com