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The Economic Times

Global Business / The Economic Times

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Cabinet clears Rs 1.9 Lakh crore push for chip, mobile phone manufacturing

The Union Cabinet approved significant new schemes for semiconductor and mobile phone manufacturing. The India Semiconductor Mission's second phase will receive 1.27 lakh crore for development. A new 62,500 crore scheme will boost mobile phone production and domestic sourcing.

16 Jul 2026 5:30 am