Semicon 2.0, Varanasi projects, rail upgrades & more: All about 7 big decisions cleared by Cabinet
The Union Cabinet on Wednesday approved seven major decisions spanning infrastructure, semiconductor manufacturing, fertiliser and railway projects, Union minister Ashwini Vaishnaw announced.
The announcements came during a press briefing after the Cabinet and Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi.
Addressing the briefing, Vaishnaw 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 seven major Cabinet decisions include:
Infrastructure development programme for Varanasi (Kashi) Second infrastructure project for Varanasi (Kashi) Semicon 2.0 Mission Mobile Phone Manufacturing Scheme National investment policy for urea Railway network upgradation including track doubling and railway lines The first two Cabinet decisions relate to major infrastructure projects in Varanasi aimed at developing the city. The cabinet has approved the construction of a 46.039-km link corridor connecting National Highway-19 (NH-19) with the Varanasi Ring Road. The project, aimed at easing traffic congestion in Varanasi, will also provide connectivity along the Ganga riverbank.
The corridor will feature a six-lane elevated carriageway, an iconic cable-stayed bridge, an extradosed foot over bridge-cum-major bridge, along with loops, ramps, link roads and service roads. It will be developed under the Hybrid Annuity Model (HAM) at a total cost of Rs 14,447.64 crore, including Rs 6,037.85 crore for civil construction (excluding GST and including utility shifting) and Rs 541.11 crore towards land acquisition under NH(O).
Announcing these decisions the minister said, “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."
The IT minister further added that the Cabinet approved the second edition of the India Semiconductor Mission, or Semicon 2.0 Mission, with an outlay of Rs 1.27 lakh crore.
The announcements came during a press briefing after the Cabinet and Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi.
Addressing the briefing, Vaishnaw 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 seven major Cabinet decisions include:
The corridor will feature a six-lane elevated carriageway, an iconic cable-stayed bridge, an extradosed foot over bridge-cum-major bridge, along with loops, ramps, link roads and service roads. It will be developed under the Hybrid Annuity Model (HAM) at a total cost of Rs 14,447.64 crore, including Rs 6,037.85 crore for civil construction (excluding GST and including utility shifting) and Rs 541.11 crore towards land acquisition under NH(O).
Announcing these decisions the minister said, “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."
The IT minister further added that the Cabinet approved the second edition of the India Semiconductor Mission, or Semicon 2.0 Mission, with an outlay of Rs 1.27 lakh crore.
Next Story