Page 33 - NIS English 01-15 Aug, 2026

Union Cabinet Decisions

Semicon 2.0 and Mobile Phone

Manufacturing Scheme Approved

The central government is committed to transforming India
into a global manufacturing and technology hub. Taking
a significant step in this direction, the Union Cabinet has
approved schemes such as Semiconductor Mission 2.0 and the
Scan the QR code to watch the press mobile phone manufacturing scheme...
briefing on the Cabinet’s decisions.

economic growth and employment and strengthen India’s
DECISION: Approval for Semicon 2.0 to strengthen position as a global electronics manufacturing hub.
the semiconductor design and manufacturing eco-
system. DECISION: Approval of two multi-tracking projects
IMPACT: It will accelerate economic growth, strengthen covering four districts across Odisha and Jharkhand.
supply chains, and enhance India’s technological lead- IMPACT: The two projects covering four Districts across
ership capabilities in critical sectors. the States of Odisha and Jharkhand will increase the ex-
n Under Semicon 2.0, the semiconductor ecosystem will isting network of Indian Railways by about 145 Kms.The
be strengthened through six key pillars. A total budget of total estimated cost of the projects is around ₹3,907
₹1,27,500 crore has been allocated for this mission. crore, and they are scheduled for completion by 2030-
DECISION: Approval granted for the construction 31. Two multi-tracking railway projects:
of a 6/4-lane elevated corridor, ramps, and loops n Doubling of the Paradip-Haridaspur railway section.
along the banks of the Varuna River in Uttar n Construction of a fourth railway line on the
Pradesh, at a cost of ₹10,998.32 crore under the Rajkharsawan–Dangoaposi section.
Hybrid Annuity Model.
IMPACT: The corridor is a major component of the DECISION: Approval of the National Investment
Varanasi Decongestion Plan and will provide seamless Policy for Urea-2026 (NIPU-2026) for Atmanirbhar
connectivity between NH-31 and Kashi Railway Station. Bharat.
n The project will reduce travel time between NH-31 and IMPACT: This policy will boost new investment in the
Kashi Railway Station from approximately 40 minutes to urea sector for setting up gas-based urea manufactur-
20 minutes. ing units in the country. It will help achieve the goal of
n This project will also strengthen regional connectivity self-reliance. Under the NIPU-2026 policy, approximate-
and ensure better access to six major logistics hubs. Total ly 8-9 new urea manufacturing plants will be set up.
length of the corridor: 43.218 kilometres.
DECISION: Approval for the development of a link/
DECISION: Approval of the Mobile Phone Manufac- connector corridor in Varanasi, connecting National
turing Scheme (MPMS). Highway-19 and the Varanasi Ring Road along the
IMPACT: The scheme has a 5-year tenure, extending banks of the River Ganga.
until the financial year 2030-31. A budgetary provision IMPACT: This 46.039-kilometre-long project compris-
of ₹62,500 crore has been made for this purpose. es a six-lane elevated main carriageway, an iconic
During this period, total mobile phone production in cable-stayed bridge, an extradosed foot-over-bridge-
the country is expected to reach approximately ₹39 cum-major bridge, loops, ramps, link roads, and
lakh crore, alongside a significant increase in mobile service roads. The project will be implemented under
phone exports. the Hybrid Annuity Model at a total capital cost of
n By generating 60,000 direct jobs, this scheme will boost ₹14,447.64 crore. n

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