Insight Online News
New Delhi, July 26 : Prime Minister Narendra Modi will visit Gujarat and Tamil Nadu on July 28-29, during which he will inaugurate and lay the foundation stone of multiple projects of Sabar Dairy at Sabarkantha, it was announced on Tuesday.
He will lay the foundation stone of multiple projects worth more than Rs 1,000 crores.
The Powder Plant at Sabar Dairy has a capacity of around 120 million tonnes per day (MTPD). The total cost of the project is more than Rs 300 crores. It is equipped with the latest and fully automated bulk packing line.
The Prime Minister will also inaugurate the Aseptic Milk Packaging Plant at Sabar Dairy. It is a state of the art plant having capacity of 3 Lakh Litre per day, the PMO said.
The plant has the latest automation system with highly energy efficient and environment friendly technology.
He will also lay the foundation stone of the Sabar Cheese and Whey Drying Plant Project. The estimated outlay of the project is around Rs 600 crores.
Sabar Dairy is a part of Gujarat Cooperative Milk Marketing Federation which makes and markets a whole range of milk and milk products under the Amul brand.
On July 29, Prime Minister will visit GIFT City in Gandhinagar. GIFT city (Gujarat International Finance Tec-City) was envisaged as an integrated hub for financial and technology services for the world, the statement said.
Prime Minister will lay the foundation stone of the Headquarters Building of the International Financial Services Centres Authority (IFSCA), the unified regulator for the development and regulation of financial products, financial services and financial institutions in IFSCs in India.
He will launch India International Bullion Exchange (IIBX), India’s first International Bullion Exchange in GIFT-IFSC. IIBX will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India.
It will empower India to gain its rightful place in the global bullion market and serve the global value chain with integrity and quality. IIBX also re-enforces the commitment of the government of India towards enabling India to be able to influence global bullion prices as a principal consumer.
The Prime Minister will also launch NSE IFSC-SGX Connect. It is a framework between NSE’s subsidiary in GIFT International Financial Services Centre (IFSC) and Singapore Exchange Limited (SGX).
Under Connect, all orders on NIFTY derivatives placed by members of Singapore Exchange will be routed to and matched on the NSE-IFSC order matching and trading platform.
Broker-dealers from India and across international jurisdictions are expected to participate in large numbers for trading derivatives through the Connect. It will deepen liquidity in derivative markets at GIFT-IFSC, bringing in more international participants and creating a positive impact on the financial ecosystem in the GIFT-IFSC.
The Prime Minister will then travel to Chennai and declare open the 44th Chess Olympiad from July 28 to August 9.
The prestigious competition, which has been organised since 1927, is being hosted in India for the first time and in Asia after 30 years.
With 187 countries participating, this will be the largest participation in any Chess Olympiad. India is also feilding its biggest ever contingent in the competition comprising 30 players across six teams.
The Prime Minister will also attend the 42nd Convocation of Anna University in Chennai on July 29.
During the programme, he will award gold medals and certificates to 69 gold medalists.