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

  • Posted on July 15, 2026
  • By Business News Today
  • 1 Views
  • 1 min read
In brief

India's Cabinet has unveiled a comprehensive economic stimulus package exceeding Rs 2.19 lakh crore, targeting strategic sectors including semiconductor manufacturing, telecommunications, and transportation infrastructure. The initiative features Semicon 2.0 with substantial investment in domestic chip production, coupled with incentives for mobile device manufacturing and value addition. Simultaneously, infrastructure development in key cities and agricultural modernization through urea production initiatives aim to strengthen India's self-reliance and reduce import dependency across multiple sectors.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

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

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.
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Business News Today

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