Cabinet OKs Rs 33.07 billion Kaynes Chip Assembly and Packaging Unit

05 Sep 2024 CW Team

Union Minister of Electronics and IT Ashwini Vaishnaw, at a press briefing following the Cabinet meeting, announced that the Cabinet had approved the Kaynes Technology plant. He described it as a large facility, covering 46 acre, with significant production expectations. The industries that will receive chips from this plant have already been secured, according to the minister.

He further mentioned that the majority of the chips produced at this facility will be used in power-related equipment for trains, automobiles, and home appliances.

The Kaynes ATMP project marks the fifth semiconductor unit approved under the Rs 760-billion India Semiconductor Mission (ISM). This follows earlier approvals for semiconductor facilities by Micron, Tata, and CG Power in Gujarat, as well as another Tata project in Assam.

In June 2023, the Cabinet had approved a proposal for a semiconductor unit in Sanand by the US-based memory chip giant Micron. Subsequently, in February this year, three more semiconductor units were approved: Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat, and a testing and assembly unit in Morigaon, Assam; CG Power is establishing an outsourced semiconductor assembly and test (OSAT) unit in Sanand.

According to an official press release from the government, the construction of all four previously approved semiconductor units is progressing rapidly, contributing to the development of a robust semiconductor ecosystem in the region. These units are expected to attract nearly Rs 1.5 trillion in investment and have a cumulative production capacity of about 70 million chips per day.

Vaishnaw added that the construction of the Micron facility is advancing well, with the first made-in-India chip expected to be produced by mid-2025.

The India Electronics and Semiconductor Association (IESA) expressed gratitude to the Ministry of Electronics and IT and ISM for their support in approving the Kaynes project.

The Union Cabinet approved the establishment of India's fifth semiconductor facility, which will be set up by Kaynes Technology in Sanand, Gujarat. This assembly, testing, marking, and packaging (ATMP) unit will involve an investment of Rs 33.07 billion and will have a production capacity of 6.3 million chips per day. Union Minister of Electronics and IT Ashwini Vaishnaw, at a press briefing following the Cabinet meeting, announced that the Cabinet had approved the Kaynes Technology plant. He described it as a large facility, covering 46 acre, with significant production expectations. The industries that will receive chips from this plant have already been secured, according to the minister. He further mentioned that the majority of the chips produced at this facility will be used in power-related equipment for trains, automobiles, and home appliances. The Kaynes ATMP project marks the fifth semiconductor unit approved under the Rs 760-billion India Semiconductor Mission (ISM). This follows earlier approvals for semiconductor facilities by Micron, Tata, and CG Power in Gujarat, as well as another Tata project in Assam. In June 2023, the Cabinet had approved a proposal for a semiconductor unit in Sanand by the US-based memory chip giant Micron. Subsequently, in February this year, three more semiconductor units were approved: Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat, and a testing and assembly unit in Morigaon, Assam; CG Power is establishing an outsourced semiconductor assembly and test (OSAT) unit in Sanand. According to an official press release from the government, the construction of all four previously approved semiconductor units is progressing rapidly, contributing to the development of a robust semiconductor ecosystem in the region. These units are expected to attract nearly Rs 1.5 trillion in investment and have a cumulative production capacity of about 70 million chips per day. Vaishnaw added that the construction of the Micron facility is advancing well, with the first made-in-India chip expected to be produced by mid-2025. The India Electronics and Semiconductor Association (IESA) expressed gratitude to the Ministry of Electronics and IT and ISM for their support in approving the Kaynes project.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..