The Cabinet Committee on Economic Affairs (CCEA) has approved significant investments totaling over Rs 18,500 crore for vital infrastructure projects. These projects span the semiconductor manufacturing sector, the expansion of the Lucknow Metro network, and the development of a hydropower plant in Arunachal Pradesh, thereby fostering infrastructure development and self-reliance.
The India Semiconductor Mission (ISM) will receive an injection of Rs 4,600 crore to support four new projects. The total investments under the ISM have reached approximately Rs 1.60 lakh crore, spread across 10 projects in six states.
The approved projects include: SiCSem in Bhubaneswar, Odisha, is set to develop an advanced ATMP (assembly, testing, marking, packaging) facility with a semiconductor fabrication plant with a monthly production capacity of 60,000 wafers and 96 million units annually; 3D Glass Solutions Inc, also in Bhubaneswar, Odisha, will set up a state-of-the-art ATMP unit with an investment of Rs 1,943 crore, producing 70,000 glass panels and 13,000 3D modules per year, with investments from global companies like Intel and Lockheed Martin; Continental Devices India Ltd (CDIL) in Mohali, Punjab, and Advanced System in Package (ASIP) Technologies in Andhra Pradesh, both will undertake ATMP projects.
A Rs 5,801 crore investment has been authorized for Phase 1B of the Lucknow Metro. This phase will incorporate an 11 km track and 12 new stations, linking key commercial, medical, and tourist destinations. The Uttar Pradesh Metro Rail Corporation (UPMRC) will undertake the project in collaboration with the central and state governments.
Furthermore, the 700 MW Tato-II Hydroelectric Project in Arunachal Pradesh has been approved with a budget of Rs 8,146 crore. The project will generate approximately 2,738 million units of electricity annually. The project will be developed by NEEPCO in partnership with the state government, which is also set to create jobs, with assistance from the central government including Rs 458.79 crore for infrastructure and Rs 436.13 crore as equity, and the state will benefit through 12% free power and socioeconomic development.