Incentives Worth Rs 600 Crore Offered for Semiconductor Hubs in Odisha

Incentives worth Rs 600 crore offered for semiconductor hubs in Odisha

Odisha is among the few states that are offering this amount of subsidy in a bid to become a hub of semiconductors.

Cabinet Clears ₹18,500 Crore for Semiconductor, Hydropower, and Metro Projects

The Union Cabinet approved manufacturing and infrastructure projects worth about ₹18,500 crore. The decisions include four semiconductor projects in Odisha, Punjab, and Andhra Pradesh, a 700 MW hydroelectric project in Arunachal Pradesh, and Phase 1B of the Lucknow Metro expansion. With these approvals, the India Semiconductor Mission now has 10 sanctioned projects since June 2023. The four new proposals—SiCSem, Continental Device India Pvt Ltd,…