Union Cabinet Gives Nod To ₹1.26 lakh Crore Chip-Making Units
The units which will make chips for sectors including defence, automobiles and telecommunications, will begin construction within the next 100 days, Telecom Minister Ashwini Vaishnaw saidThe Union Cabinet on Thursday approved setting up three semiconductor-making units by firms, including TATA Group and Japan’s Renesas, at an investment of ₹1.26 lakh crore as part of an attempt to cut India’s