Cabinet approves Semicon 2.0, mobile manufacturing, Varanasi roads and urea policy

Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0, for mobile manufacturing, new highways

The cabinet also accorded approval to two major highway projects worth ₹25,400 crore to ease congestion in Varanasi and as many as nine new gas-based urea plants across the country with a production capacity of 10 million tons

1 hour ago

Cabinet Approves ₹2.19 Lakh Crore Projects Including Semicon 2.0 And Mobile Scheme

New Delhi, July 15: The Union Cabinet on Wednesday approved seven major decisions, including Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, along with infrastructure and railway projects. The total outlay of the approved projects stands at Rs 2,19,353 crore.Addressing the media after the Cabinet meeting, Union Information and Broadcasting Minister Ashwini Vaishnaw said seven major decisions had been taken.Delhi: Union Minister Ashwini Vaishnaw says, "I now come to today's third decision, Semicon 2.0. The Prime Minister has approved the Semicon 2.0 programme with an outlay of ₹1,27,500 crore. We all know that the semiconductor industry is a foundational industry. Semiconductor… pic.twitter.com/IYTEq15VZI— IANS (@ians_india) July 15, 2026 Varanasi Infrastructure ProjectsHe said the first two decisions relate to a new approach to infrastructure development in Varanasi (Kashi).According to the minister, the government has approved a 6/4-lane elevated corridor along the River Varuna at a cost of Rs 10,998 crore and a 6-lane elevated corridor along the River Ganga costing Rs 14,448 crore.Semicon And Mobile SchemesAmong the key announcements, the Cabinet approved Semicon 2.0 with an outlay of Rs 1,27,500 crore. The approval marks a significant decision of the government.The Cabinet also approved the Mobile Phone Manufacturing Scheme (MPMS) with an allocation of Rs 62,500 crore. The scheme is one of the major manufacturing-related decisions announced alongside Semicon 2.0.Union Cabinet May Clear New Urea Policy Today To Cut Import DependenceUrea Policy And Rail ProjectsHighlighting another key decision, Vaishnaw said the government has approved the National Investment Policy for Urea-2026. He said the policy is aimed at making India self-reliant in urea production. The decision is a policy approval and does not carry a financial allocation in the Cabinet decisions table.Apart from these, the Cabinet approved two railway infrastructure projects. It cleared the doubling of the Paradeep-Haridaspur railway line at a cost of Rs 2,542 crore. It also approved the fourth railway line between Dangoaposi and Rajkharsawan, involving an investment of Rs 1,365 crore.Also Watch:"Seven major decisions were taken today. The first two decisions relate to a new approach to infrastructure development in Varanasi (Kashi). The third and fourth decisions are related to the approval of Semiconductor Mission 2.0 (Semicon 2.0). The fourth decision is the approval of the Mobile Phone Manufacturing Scheme. The fifth decision is aimed at making India self-reliant in urea production. For this, the National Investment Policy for Urea has been approved," he said.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

5 hours ago

Semicon 2.0, Varanasi projects, rail upgrades & more: 7 big decisions cleared by Cabinet

The Union Cabinet approved seven significant decisions on Wednesday. These approvals covered infrastructure development and semiconductor manufacturing initiatives. Railway network upgradation and mobile phone manufacturing schemes were also sanctioned. A National Investment Policy for Urea was approved to boost self-reliance. These decisions aim to foster growth across key sectors of the economy.

7 hours ago