The Maharashtra cabinet has approved a $10 billion investment for a semiconductor manufacturing facility in Taloja, a joint venture between Tower Semiconductor and Adani Group. Expected to generate over 5,000 jobs, the plant will start with a capacity of 40,000 wafer starts per month, increasing to 80,000 in its second phase. The initial investment of ₹58,763 crore will be allocated for the first phase, while ₹25,184 crore will follow for the second phase. This project, pending approval from the India Semiconductor Mission, marks India's second semiconductor facility and the sixth overall in the country. Additionally, the Maharashtra government is fostering the semiconductor industry, with other recent approvals for facilities by Kaynes Semicon and Tata Group. Overall, these developments signal India's commitment to expanding its semiconductor manufacturing capabilities.