The Union Cabinet of India has approved four new semiconductor manufacturing projects with a combined investment of approximately 4,594 crore rupees (45.94 billion rupees). These projects will be located in Odisha, Punjab, and Andhra Pradesh, with Odisha set to host two of the factories. This approval adds to six previously sanctioned semiconductor projects under the India Semiconductor Mission. Union Minister Ashwini Vaishnaw confirmed that construction on all four plants will commence soon. The cabinet also approved a 700 MW Tato II hydroelectric power project with an investment of 8,146 crore rupees, reflecting the government's commitment to clean growth and energy. The semiconductor projects involve companies such as SicSem Private Ltd and 3D Glass Solutions Inc, with local authorities in Odisha preparing workforce training initiatives. Union Minister Dharmendra Pradhan acknowledged the role of institutions like IIT as knowledge partners in these developments. The cabinet's decisions are part of broader strategic reforms in infrastructure, digital governance, and industrial development, signaling the Modi administration's push for accelerated economic reforms.