Science, Discovery, Tech and Environment · 2 April 2026
PM Modi inaugurates Kaynes Technology OSAT facility in Gujarat, pushes full-stack Indian semiconductor ecosystem
Exam-focused facts from the 2 April 2026 current affairs briefing.
Key facts
- Prime Minister Narendra Modi inaugurated the Outsourced Semiconductor Assembly and Test (OSAT) facility of Kaynes Technology in Sanand, Gujarat.
- The Kaynes plant has been built at an estimated cost of Rs 3,300 crore in Sanand GIDC.
- Intelligent Power Modules produced at the facility will be supplied to a California-based company and a large share of output is booked for export.
- India’s current global semiconductor market stands at Rs 4.5 lakh crore with a target of reaching Rs 9 lakh crore by 2030.
- India is a member of the US-led Pax Silica initiative and has launched the National Critical Minerals Mission.
- The government has announced a Rs 1,500-crore scheme for mineral recycling and a Rare Earth Corridor connecting Odisha, Andhra Pradesh, Tamil Nadu and Kerala.