Govt clears 3 semiconductor manufacturing projects worth Rs 1.3 lakh crore

Government on Thursday cleared proposals for three semiconductor manufacturing units worth Rs 1.3 lakh crore, including the country's first fab manufacturing plant by Tata Group and Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat. This will be a big push to India's electronics manufacturing set-up as the chips will be made within the country for the first time.

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