Micron Technology Seeks Partner For Phase-II Of Semiconductor Facility

14 Feb 2025 CW Team

Micron Technology seeks a construction partner for the second phase of its semiconductor assembly and test facility in Sanand, Gujarat. Companies such as Larsen & Toubro and KEC International are contenders, as the company is in the process of inviting bids. Micron's first phase of the project, originally slated for completion in 2024, will now become operational in early 2025. Tata Projects was awarded the contract for the first phase in September 2023, but due to delays, Micron is considering other vendors for the second phase. The $2.75 billion project is backed by financial support from the Central government and the state, contributing a significant portion of the cost. The new facility, with an area of 5,00,000 sq ft. will focus on wafer transformation, ball grid array packaging, memory modules, and solid-state drives. By December 2025, Tata Projects is expected to hand over the facility, and Micron will decide when to commence production. It is expected to create thousands of direct and indirect jobs. Micron is the first company to receive approval under the India Semiconductor Mission (ISM), further boosting its investment in the region.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..