India’s authorities has authorized $15.2 billion price of investments in semiconductor fabrication crops, together with a Tata Group proposal to construct the nation’s first main chipmaking facility.

Prime Minister Narendra Modi’s cupboard authorized Tata’s plan to construct an $11 billion website that may fabricate about 50,000 wafers monthly, know-how minister Ashwini Vaishnaw informed reporters in New Delhi Thursday. The authorities additionally cleared Tata’s separate proposal for a $3 billion-plus chip meeting plant, and a packaging enterprise between Japan’s Renesas Electronics Corp. and the Murugappa Group’s CG Power and Industrial Solutions Ltd.