The Cabinet Committee on Economic Affairs (CCEA) has given the green light to several significant infrastructure projects, allocating over Rs 18,500 crore. The investment will be channeled into critical areas like semiconductor manufacturing, expansion of the Lucknow Metro network, and the development of a hydropower project in Arunachal Pradesh.
The India Semiconductor Mission (ISM) will receive an additional Rs 4,600 crore for four new projects. The total investment under the ISM now stands at approximately Rs 1.60 lakh crore across 10 projects in six states.
Specific projects approved include: SiCSem in Bhubaneswar, Odisha, which is set to establish 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.
The Lucknow Metro Phase 1B expansion has been granted Rs 5,801 crore. This phase will encompass an 11 km track and 12 new stations, connecting vital locations in the old city such as Aminabad, Chowk, King George Medical University, and Bada and Chhota Imambara. The project will be undertaken by the Uttar Pradesh Metro Rail Corporation (UPMRC) in collaboration with the central and state governments.
The Tato-II Hydroelectric Project in Arunachal Pradesh has been approved with an investment of Rs 8,146 crore. This 700 MW project is designed to generate approximately 2,738 million units of electricity each year. The project will be developed jointly by NEEPCO and the state government, with central government support for infrastructure and equity investments, providing significant benefits to the state, including 12% free power.