Semicon 2.0, Varanasi projects, rail upgrades & more: 7 big decisions cleared by Cabinet
The Indian Union Cabinet has approved seven major infrastructure and industrial projects, including the 'Semicon 2.0' mission and significant development plans for Varanasi. The total investment for these initiatives is estimated at over Rs 2.19 lakh crore.
Why it matters
These projects represent a major push for domestic semiconductor manufacturing and regional infrastructure, which are critical to India's economic growth and industrial self-reliance.
The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet and Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi.Addressing the briefing, Vaishnaw said, "I am presenting before you the seven major decisions taken by the Cabinet and the Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Narendra Modi.”The seven major Cabinet decisions include:Infrastructure development programme for Varanasi (Kashi)Second infrastructure project for Varanasi (Kashi)Semicon 2.0 MissionMobile Phone Manufacturing SchemeNational investment policy for ureaRailway network upgradation including track doubling and railway lines The first two Cabinet decisions relate to major infrastructure projects in Varanasi aimed at developing the…
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