➀ The Maharashtra government has approved a Rs 83,947 crore semiconductor manufacturing project in Panvel, Raigad district, marking a significant step in India's efforts to become a global semiconductor hub. ➁ The project is a joint venture between Israel's Tower Semiconductor and India's Adani Group. ➂ It is expected to be India's second chip manufacturing facility and the sixth plant involved in silicon chip production or testing across the country.