Page 47 - NIS English 16-31 Aug 2022

Nation
PM's Gujarat Tour

PLANT WILL CONVERT MILK INTO MILK POWDER
The Prime Minister inaugurated a milk powder PM VISITS GIFT CITY IN GANDHINAGAR
plant at Sabar Dairy with a capacity of about INDIA'S FIRST BULLION
120 Metric Tonnes Per Day (MTPD). The total EXCHANGE LAUNCHED
cost of the entire project is over Rs 305 crore.
The layout of the plant meets global food safety
standards. It is highly energy efficient with
almost zero emission. The plant is equipped
with the latest and fully automated bulk packing
line.
CHEESE WILL REACH CRORES OF CONSUMERS FROM THE
THIRD PLANT OF AMUL
The Prime Minister also laid the foundation
stone of the Sabar Cheese & Whey Drying Plant Prime Minister Narendra Modi inaugurated the country's
Project. The estimated outlay of the project is first International Bullion Exchange in Gandhinagar,
around Rs. 600 crores. Gujarat. India International Bullion Exchange will be a
The Plant will manufacture Cheddar Cheese platform with the help of which bullion (gold and silver)
will be imported. With this, India will be connected to the
(20 MTPD), Mozzarella Cheese (10 MTPD) and global bullion market and in the coming times, our country
Processed Cheese (16 MTPD). Whey generated will become a price maker from a price taker. At the same
during manufacturing of cheese shall also be time, India will also decide what should be the price of
dried at Whey Drying Plant, having capacity of gold. India is now entering the league of Countries like
40 MTPD. the USA, UK, and Singapore which are giving direction
to global finance. India is now also getting unlimited
IT WILL HELP IN ENSURING BETTER opportunities to emerge as an economic superpower.
REMUNERATION TO MILK PRODUCERS Prime Minister Narendra Modi visited GIFT City (Gujarat
International Finance Tec-City) in Gandhinagar on 29 July
The Prime Minister also inaugurated the where he inaugurated and laid the foundation stone of
Aseptic Milk Packaging Plant at Sabar various projects. On this occasion, the Prime Minister
Dairy. It is a state-of-the-art plant having laid the foundation stone of the International Financial
capacity of 3 Lakh Litre per day. The project Services Centres Authority (IFSCA) Headquarters in
has been executed with a total investment India and also launched the NSE IFSC-SGX Connect. The
of around Rs. 125 crores. The plant has vision of the country’s future is connected with GIFT City.
Not only this, the vision of India's future is attached to
the latest automation system with highly GIFT City. The Gujarat International Finance Tech (GIFT)
energy efficient and environment-friendly City is envisaged as an integrated hub for financial and
technology. The project will help ensure better technology services not only for India but for the world.
remuneration to milk producers. Prime Minister Narendra Modi was also presented with a
memento on the occasion.
BULLION EXCHANGE WILL EASE THE
A strong foundation of the IMPORT OF GOLD
cooperative movement Prime Minister Narendra Modi launched India's first
has been laid and it is now International Bullion Exchange (IIBX) at GIFT City.
our responsibility and that IIBX will act as a gateway to import gold, bookies will
of generations to come to not be able to move prices up and down. India is the
build a strong structure on second largest gold consumer country in the world.
Currently, gold is sold in the bullion market
this foundation. according to the price fixed by the London Bullion
C ooperatives have to keep Market Association. This exchange is being set up
up with the modern times, on the lines of the Shanghai Gold Exchange and
by combining technology Borsa Istanbul which will give India a strong position
and professionalism, so as a regional hub of bullion. The Prime Minister laid
that they can progress the foundation stone of the International Financial
into the future. Services Center Authority (IFSCA) Headquarters in
-Amit Shah, Union Home and India. Also launched NSE IFSC-SGX Connect.
Cooperation Minister
New India Samachar August 16-31, 2022 45