The Economic Times

Cabinet highlights: India clears Rs 2.19 lakh crore mega push across chips, corridors and mobile manufacturing

The Cabinet approved Semicon 2.0 with a Rs 1,27,500 crore outlay for chip manufacturing. A Rs 62,500 crore scheme will boost mobile phone manufacturing and local value addition. Two major elevated road projects in Varanasi received approval for improved connectivity. New policies encourage domestic urea production and enhance fertilizer self-reliance. Railway infrastructure projects will expand capacity and improve freight movement.