The Union Cabinet on Wednesday, July 15, approved several major decisions ranging from semiconductor manufacturing to mobile phone production.
The Union Cabinet's decisions include seven major decisions related to infrastructure, fertiliser, and railway projects. This package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS), and the National Investment Policy for Urea-2026, which will cost a total of Rs 219,353 crore.
7 major decisions of the cabinet
The Cabinet Committee on Economic Affairs (CCEA) met under the chairmanship of Prime Minister Narendra Modi. A press briefing was held afterwards to share the Cabinet's decisions.
In a press briefing, Union Railway Minister Ashwini Vaishnav said, "I am presenting before you the seven major decisions taken by the Cabinet and the Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Narendra Modi. The first two decisions relate to a programme for developing infrastructure in Varanasi (Kashi) in a completely new way. The third, fourth, and fifth decisions relate to the Semicon 2.0 Mission (Semiconductor 2.0 Mission), which was approved today."
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- Semicon 2.0 Mission
- Mobile Phone Manufacturing Scheme
- National Investment Policy for Urea
- Infrastructure Development Programme for Varanasi
- Second infrastructure project for Varanasi
- Track doubling of Paradip-Haridaspur railway line
- Fourth railway line between Dangoaposi and Rajkharsawan
Major infrastructure projects in Varanasi
Two Cabinet decisions related to the development of Varanasi include the construction of a 46.039-kilometre-long link corridor connecting National Highway 19 (NH-19) to the Varanasi Ring Road.
Additionally, to decongest Varanasi city, the development of a 43.218-km long link connecting NH-31 and the Varanasi Ring Road along the Varuna River has been approved.
Vaishnav said the project primarily consists of a 6/4-lane elevated corridor, including the main carriageway, flyovers, loops, ramps, and service roads. It will be completed by NHAI under the Hybrid Annuity Model (HAM) at a total cost of ₹10,998.32 crore.