Prime Minister Inaugurates Kaynes Semicon Plant at Sanand
ECONOMY & POLICY

Prime Minister Inaugurates Kaynes Semicon Plant at Sanand

The Prime Minister inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat, marking the commencement of production at the facility. He noted that he had been in Sanand on 28 February for the start of production at the Micron plant and returned a month later for the Kaynes milestone, underlining the momentum of India’s semiconductor journey. The visit was presented as evidence of the speed at which the domestic semiconductor ecosystem is developing.

The Prime Minister congratulated Kaynes Technology, the Gujarat government and the workforce and welcomed the entry of an Indian company into semiconductor chip manufacturing. He noted that Kaynes had joined the global semiconductor supply chain and that the facility was already supplying Intelligent Power Modules to a California company, with a large share of output booked for export. He said the development built a new bridge between Sanand and Silicon Valley and would enable modules made in Sanand to reach global firms.

He highlighted the strategic importance of the Intelligent Power Modules for the electric vehicle ecosystem and heavy industry in India and overseas and described global partnerships as foundational to a better future. The Prime Minister framed the milestone as part of India’s emergence as a reliable semiconductor supplier in the global market. He also reflected that recent disruptions in global supply chains have impeded progress and that a democratic country advancing in this direction was important for global development.

He recalled that the India Semiconductor Mission was launched in 2021 and said self-reliance in semiconductors would cascade into capabilities in artificial intelligence, electric vehicles, clean energy, defence and electronics. Work is underway on ten projects worth over Rs 1.6 trillion (tn) across six states, with the Kaynes and Micron projects integral to the effort. He also drew attention to the indigenous Dhruv 64 microprocessor as a secure processor platform for 5G infrastructure, automotive electronics and industrial automation.

The Prime Minister inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat, marking the commencement of production at the facility. He noted that he had been in Sanand on 28 February for the start of production at the Micron plant and returned a month later for the Kaynes milestone, underlining the momentum of India’s semiconductor journey. The visit was presented as evidence of the speed at which the domestic semiconductor ecosystem is developing. The Prime Minister congratulated Kaynes Technology, the Gujarat government and the workforce and welcomed the entry of an Indian company into semiconductor chip manufacturing. He noted that Kaynes had joined the global semiconductor supply chain and that the facility was already supplying Intelligent Power Modules to a California company, with a large share of output booked for export. He said the development built a new bridge between Sanand and Silicon Valley and would enable modules made in Sanand to reach global firms. He highlighted the strategic importance of the Intelligent Power Modules for the electric vehicle ecosystem and heavy industry in India and overseas and described global partnerships as foundational to a better future. The Prime Minister framed the milestone as part of India’s emergence as a reliable semiconductor supplier in the global market. He also reflected that recent disruptions in global supply chains have impeded progress and that a democratic country advancing in this direction was important for global development. He recalled that the India Semiconductor Mission was launched in 2021 and said self-reliance in semiconductors would cascade into capabilities in artificial intelligence, electric vehicles, clean energy, defence and electronics. Work is underway on ten projects worth over Rs 1.6 trillion (tn) across six states, with the Kaynes and Micron projects integral to the effort. He also drew attention to the indigenous Dhruv 64 microprocessor as a secure processor platform for 5G infrastructure, automotive electronics and industrial automation.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement