Cabinet Greenlights Semiconductor, Metro, and Hydroelectric Projects Worth ₹18,541 Crore

Cabinet Greenlights Semiconductor, Metro, and Hydroelectric Projects Worth ₹18,541 Crore

In a significant move aimed at boosting India’s technological, urban, and renewable energy infrastructure, the Union Cabinet has approved projects worth ₹18,541 crore across multiple states. The decisions were announced after the latest cabinet meeting, reflecting the government’s focus on strategic growth in the semiconductor industry, urban transport, and clean energy.

1. Semiconductor Manufacturing Expansion – ₹4,594 Crore

The cabinet has approved four new semiconductor projects to be set up in Odisha, Punjab, and Andhra Pradesh. This marks a major step forward in India's ambition to become a global hub for semiconductor manufacturing, reducing dependency on imports and strengthening the electronics supply chain.

These projects are expected to:

Create thousands of direct and indirect jobs.

Support the "Make in India" and "Digital India" initiatives.

Boost domestic production of chips used in electronics, automobiles, telecom equipment, and more.

2. Lucknow Metro Expansion – ₹5,801 Crore

The cabinet has sanctioned funds for strengthening urban transport through the Lucknow Metro Phase 1B project. This expansion aims to:

Enhance last-mile connectivity.

Reduce traffic congestion and pollution in the city.

Offer a faster, safer, and more reliable mode of transport to lakhs of commuters. The metro upgrade is also expected to boost the local economy by improving mobility and attracting new investments.

3. Tato-II Hydroelectric Project – ₹8,146 Crore

Under its clean growth strategy, the cabinet approved the Tato-II Hydroelectric Project with a capacity of 700 MW. This renewable energy initiative will:

Provide sustainable and clean power to meet growing electricity demand.

Reduce dependence on fossil fuels, contributing to India’s climate goals.

Generate employment during the construction and operational phases. The project is part of the government’s larger plan to strengthen the hydroelectric capacity in the northeastern region.

Total Investment and Impact

The combined cost of these projects stands at ₹18,541 crore.

These strategic investments are expected to:

Accelerate India's industrial growth.

Strengthen technological self-reliance.

Promote eco-friendly infrastructure development.