New Delhi, Aug. 13 -- The Union cabinet on Tuesday approved four semiconductor units under the India Semiconductor Mission (ISM), taking the total semiconductor units in India to 10. The four upcoming units - two in Odisha's Bhubaneswar, one in Andhra Pradesh and one in Punjab's Mohali - will have total investments worth Rs.4,594 crore.

"The highest value addition for electronics in the world is at 38% (China), which they achieved in three decades. India will reach there in 1.5 decades," said Ashwini Vaishnaw, minister of electronics and information technology, at a media briefing at Rail Bhawan. The minister said that with these four additional units, value addition in electronics in India will rise from the current nearly 20% to over 3...