New Delhi
The Union Cabinet on Tuesday approved three major decisions related to the development of the country. In this meeting chaired by Prime Minister Narendra Modi, a total of Rs 18,541 crore schemes were approved.
Union Information and Broadcasting Minister Ashwini Vaishnav told through a press conference that the cabinet has approved four new semiconductor projects in the country, which will cost about Rs 4,594 crore. These projects will be set up in Odisha, Punjab and Andhra Pradesh. Its purpose is to make the country self -sufficient in semiconductor construction.
The Government of India has decided to move forward rapidly in the sector of semiconductor. It has approved four more semiconductor projects under the India Semicondor Mission (ISM). This will increase the work of making semiconductor in India rapidly. There are already six projects going on. Now these four new projects have also been approved. These proposals SCSEM, Continental Device India Private Limited CDIL), 3D Glas Solutions Inc. And the Advanced System has come from the ASIP Technologies.
4600 crores will be charged in four projects
There will be an investment of about Rs 4,600 crore in these four projects. This will provide employment to 2034 skilled people. Also, the field of making electronic goods will also accelerate. Many indirect jobs will also be born. With these four new projects, the total number of approved projects under ISM has increased to 10. There will be an investment of about 1.60 lakh crore rupees. These projects will be launched in 6 states.
Nowadays the demand for semiconductor in telecom, automobile, data center, consumer electronics and industrial electronics is increasing. To meet these demands, these four new semiconductor projects will contribute significantly in creating ‘self -sufficient India’.
Units of SCSEM and 3D Glass will be installed in Odisha. The unit of CDIL will be held in Punjab, while the unit of ASIP will be established in Andhra Pradesh. SCSEM will set up a unit of silicon carbide (SIC)-based compound semiconductor at Info Valley, Bhubaneswar (Odisha) in association with Britain’s Clas-Sic Wafer Fab Ltd. This will be the country’s first commercial compound phage. Silicon carbide devices will be built in this project. The compound semiconductor Fab will have an annual capacity of 60,000 wafers and 9.6 million units of packaging. These products will be used in missiles, defense equipment, electric vehicles, railways, fast charger, data center racks, consumer equipment and solar power inverters.
How many projects are cleared?
| Four new semiconductor projects in Odisha, Punjab and Andhra Pradesh | 4,594 crores |
| Strengthen urban transport: Lucknow Metro Phase 1B | 5,801 crores |
| Clean Development: Tato-II Hydropower Project (700 MW) | 8,146 crores |
| Total | 18,541 crores |
Lucknow Metro’s Phase 1B approved
The Union Cabinet has also approved the first phase (1B) of the Lucknow Metro Rail Project. It will be 11.165 km long. It will have 12 metro stations. It will cost Rs 5,801 crore. It will have 7 stations underground and 5 elevated. After the first phase (1B) starts, there will be a 34 -km active metro rail network in Lucknow city. The first phase of the Lucknow Metro Rail Project (1B) is an important step in the development of the infrastructure of the city. It is a major expansion of the metro rail network in the city.
The purpose of this phase is to connect the major areas of Old Lucknow, including:
– Commercial centers like Aminabad, Yiyaganj, Pandeyganj and Chowk
– Important Health Center like King George Medical University (Medical College)
– Major tourist places like Bada Imambara, Chhota Imambara, Bhool Bhulaiya, Clock Tower and Rumi Darwaza
– Pak destination known for the rich and historical food culture of the city
Hydropower project green signal
The Union Cabinet has also approved an investment proposal of Rs 8146.21 crore for the construction of a 700 MW Tato-II hydroelectric project in Shi Yomi district of Arunachal Pradesh. The target is to complete the project in 72 months.
The installed capacity of this project will be 700 MW (4 x 175 MW). This will produce 2738.06 MU energy. Electricity produced from this project will help improve the power supply situation in the state of Arunachal Pradesh. It will also help to balance the national grid.
Lucknow Metro Phase-1B gets approval
The cabinet has taken the second important decision related to the Lucknow Metro. In the meeting, the Lucknow Metro Phase-1B project to be built at a cost of Rs 5,801 crore has been approved. This project will further strengthen the public transport system in the capital Lucknow.
Promoting clean energy: Tato-II hydroelectric project
The government has taken the third major decision on the Tato-II hydroelectric project under the “Clean Growth” scheme. The project costing Rs 8,146 crore will produce 700 MW power. This step is considered an important initiative towards promoting renewable energy in the country.
