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PM Modi Inaugurates Kaynes Technology ₹3,300 Cr OSAT Facility in Gujarat, Targets ₹9 Lakh Cr Semiconductor Market by 2030

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
31 Mar 2026
~2 min
Source: Indian Express
Key Data:₹3,300 crore₹4.5 lakh crore₹9 lakh crore by 20302021
Bodies:India-Semiconductor Mission
Practice MCQs from today's news ▸
What This Article Covers

1.PM Modi inaugurated Kaynes Technology's Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, built at a cost of ₹3,300 crore.

2.He highlighted the vulnerability of global supply chains (chips, rare earth minerals, energy) to conflicts and stressed building a full-stack Indian semiconductor ecosystem.

3.India's current semiconductor market is ₹4.5 lakh crore, with a target of ₹9 lakh crore by 2030, driven by the India-Semiconductor Mission launched in 2021.

The Big Picture
Prelims · HighMains · High

Prime Minister Narendra Modi inaugurated a major Indian semiconductor plant, emphasizing the need for a resilient domestic supply chain amid global conflicts. This marks a strategic push under the India-Semiconductor Mission to reduce import dependence and capture a growing market projected to reach ₹9 lakh crore by 2030.

Exam Lens

Quick Exam Facts From News

OSAT Facility Cost₹3,300 crore
Current Indian Semiconductor Market₹4.5 lakh crore
Target Market by 2030₹9 lakh crore
India-Semiconductor Mission Launch2021
Rare Earth Corridor StatesOdisha, Andhra Pradesh, Tamil Nadu, Kerala

1-Minute Revision

  • ›OSAT Facility Cost: ₹3,300 crore
  • ›Current Indian Semiconductor Market: ₹4.5 lakh crore
  • ›Target this Data: ₹9 lakh crore semiconductor market target by 2030.
  • ›Target this Nodal Body: India-Semiconductor Mission.
  • ›Target this Legal Point: The facility is an OSAT (Outsourced Semiconductor Assembly and Test) plant.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which national mission, launched in 2021, is primarily responsible for developing India's semiconductor ecosystem as mentioned in the article?

Q2Statement-basedHard

Consider the following statements regarding the semiconductor developments mentioned in the news:

1. The Kaynes Technology OSAT facility inaugurated by PM Modi is located in Sanand, Gujarat.

2. India's current global semiconductor market size is ₹9 lakh crore.

3. The India-Semiconductor Mission is described in the article as merely an industrial policy.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the estimated cost of building the Kaynes Technology OSAT facility in Sanand?

Q4Application/ImpactMedium

What is the primary strategic rationale, as highlighted by PM Modi in the article, for India to develop its own full-stack semiconductor ecosystem?

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