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
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- 1 min read
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.
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