Cabinet Approves Several Projects

On 15th July 2026, Union Cabinet approved Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS), National Investment Policy for Urea-2026, and two railway multitracking projects.

Key Points

Semicon 2.0: Approved with an outlay of ₹1.275 lakh crore to strengthen India's semiconductor design and manufacturing ecosystem.
Six Pillars: The programme focuses on chip design, machines and materials, semiconductor fabs, ATMP-OSAT, research and development, and ecosystem expansion.
Investment Target: Semicon 2.0 is expected to attract ₹4 lakh crore in investments and strengthen India's semiconductor self-reliance.
Global Partnerships: India has expanded semiconductor cooperation with the US, Japan, EU, Netherlands, Singapore and Germany.
Mobile Manufacturing Scheme: Approved with an outlay of ₹62,500 crore to boost domestic mobile phone manufacturing over five years.
Expected Outcomes: MPMS aims to generate ₹39 lakh crore mobile production, ₹15 lakh crore exports and 60,000 direct jobs.