Union Cabinet to approve proposals for setting up semiconductor units as govtt modifies rules
Aiming to streamline the decision-making process and facilitate greater domestic production of semiconductors in the country, the Union Cabinet will now approve all proposals for setting up of semiconductor units.
IANS
Jun 11, 2023 10:44
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New Delhi, June 11 (IANS) Aiming to streamline the decision-making process and facilitate greater domestic production of semiconductors in the country, the Union Cabinet will now approve all proposals for setting up of semiconductor units.
The government on June 9 issued a notification to modify the programme for semiconductors and display manufacturing ecosystem of the Ministry of Electronics and IT, under which all proposals will be cleared by the Union Cabinet.
Earlier, the IT Secretary had the authority to approve proposals valued up to Rs 100 crore, while the IT Minister approved the proposals valued more than Rs 100 crore.
This layered system of granting approvals has now been done away with, as the Union Cabinet will now be the only the authority to clear all such applications.
"The applications shall be appraised and evaluated individually on an ongoing basis. The Ministry of Electronics and Information Technology will submit the applications for approval to the Union Cabinet," the notification said.
