India Approves Semiconductor, Infra Projects, TILKI Gets $2.2M Funding

• Four new semiconductor projects approved under ISM worth 4,594 cr.
• Brings total active semiconductor initiatives to ten across India.
• Reinforces chip self-reliance and accelerates high-tech industrial capacity.

The Union Cabinet has approved another four semiconductor manufacturing plants under the India Semiconductor Mission (ISM) for a total investment of around 4,594 crore. The semiconductor chip plants are to be built in Odisha (two plants), Andhra Pradesh, and Punjab and will create 2,000+ jobs. The approval of these plans takes the total number of semiconductor business approved in India to ten, across six states.

The semiconductor projects encompasses chip fabrication, packaging, and module design, helping to build India’s electronics ecosystem and capacity, reduce the need for imports of semiconductors, and promote high-skilled employment. 74 On the infrastructure side, the Cabinet also approved the extension of the Lucknow Metro, formalization of IIM Guwahati,as well as the 700 MW Tato-II Hydroelectric Power Project, seeking to strengthen the infrastructure for education and the renewable energy.

Also Read: Taiwan Unveils AI Projects to Boost Economy by $510 Billion

In other news, TILKI UK based startup has raised $2.2 million in pre-seed funding, led by Twin Path Ventures, to build an AI driven game platform to make playfully interactive, evolving games without code creation. The funds raised are going to support beta launches and a creator marketplace aimed at allowing game design for everyone around the world.

The Bruhat Bengaluru Mahanagara Palike (BBMP) is starting a new tree health program, hiring recent environmental graduate hires to go look for tree diseases or problems with structure on multiple trees at a single location, starting salaries are 30,000. BBMP is also bringing in insurance for incidents that would injury or kill from falling trees, including compensation.