We will see 2-3 more fab plants get approved soon: Ashwini Vaishnaw

India might see 2-3 semiconductor fab plant proposals get approved soon, said Union Minister Ashwini Vaishnaw at an event on Wednesday.

“We started our India semiconductor mission (in 2021), and we already have a Micron plant which is under construction. Very soon, we will see at least 2-3 more approvals in the space,” said Vaishnaw.

In 2021, the Union Cabinet had approved the semicon India programme with a financial outlay of Rs 76,000 crore for the development of a semiconductor and display ecosystem.