Atmanirbhar Bharat

September 16, 2024 3:31 PM

Cabinet approves one more semiconductor unit in Gujarat, India’s fifth

In a bid to develop a vibrant semiconductor ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal by Kaynes Semicon Pvt Ltd to set up a new semiconductor unit in Sanand, Gujarat. The proposed unit will be established with an investment of Rs 3,300 crore and will have a capacity of 60 lakh chips per day. The chips produced will cater to a wide range of applications, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobi...

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a marked improvement in India's coal production growth rate. From fiscal year 2004-05 to 2013-14, the compound annual growth rate (CAGR) of coal production was 4.44%. However, this figure rose to approximately 5.63% between fiscal years 2014-15 and 20...