Cabinet Decision/Cabinet Approval 2nd September 2024 All MoUs Agreements List. Union Cabinet Approval 2nd September 2024 All MoU and Agreements with Details Given Below:
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| Cabinet Approval 2nd September 2024 All MoU and Agreements with Details |
Cabinet Approval 2nd September 2024 All MoU and Agreements
The Union Cabinet, chaired by the Prime Minister Narendra Modi approved 2nd September 2024 All MoU and Agreements with Details Given Below:
Read Also: Cabinet Approval 28th August 2024 All MoU and Agreements with Details
Cabinet approves setting up of semiconductor unit at Sanand, Gujarat
The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to set up a semiconductor unit in Sanand, Gujarat.
The proposed unit will be set up with an investment of Rs 3,300 crore. The capacity of this unit will be 60 Lakh chips per day.
Key Highlights
The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.
The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified on 21.12.2021 with a total outlay of Rs. 76,000 crore.
In June, 2023, the Union Cabinet had approved the first proposal for setting up a semiconductor unit in Sanand, Gujarat.
In February, 2024, three more semiconductor units were approved. Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat and one semiconductor unit in Morigaon, Assam. CG Power is setting up one semiconductor unit in Sanand, Gujarat
Construction of all 4 semiconductor units is progressing at a rapid pace and a robust semiconductor ecosystem is emerging near the units. These 4 units will bring an investment of almost Rs 1.5 Lakh crore. The cumulative capacity of these units is about 7 crore chips per day.
Cabinet approves 309 Km long new line project - Mumbai and Indore
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi has approved a new railway line project under the Ministry of Railways with a total cost of Rs. 18,036 crore (approx.).
Key Highlights
The proposed new line between Indore and Manmad, Maharashtra will provide direct connectivity and improve mobility, providing enhanced efficiency and service reliability for Indian Railways.
The approved project apart from connecting commercial hubs Mumbai & Indore through the shortest rail route, will also connect the unconnected areas of Maharashtra and Madhya Pradesh passing through 2 Districts of Maharashtra and 4 Districts of Madhya Pradesh.
The total cost of project is Rs 18,036 crore and will be completed by 2028-29.
With this project 30 New Stations will be constructed, providing enhancing connectivity to Aspirational District Barwani. New Line project will provide connectivity to approx. 1,000 villages and about 30 Lakh population.
Cabinet approves seven major schemes for Agriculture
The Union Cabinet chaired by Prime Minister Narendra Modi approved seven schemes to improve farmers’ lives and increase their incomes at a total outlay of Rs 13,966 Crore.
- Digital Agriculture Mission
- Crop science for food and nutritional security
- Strengthening Agricultural Education, Management and Social Sciences
- Sustainable livestock health and production
- Sustainable development of Horticulture
- Strengthening of Krishi Vigyan Kendra
- Natural Resource Management
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