OCTOBER 20238TOP STORIESDELHI PARTICIPATES IN UN-BACKED CAMPAIGN TO INCREASE CLIMATE RESILIENCEDelhi has pledged to achieve a 25 percent green cover within the next five years as part of the "Race to Resilience," a UN-backed initiative to catalyze a step-change in the global ambition for climate resilience. In order to increase climate resilience and promote sustainable development, Delhi has made a number of promises as part of its participation in the "Race to Resilience," which was unveiled during a ceremony at Climate Week NYC. The circular economy, which repurposes trash and reduces it, and decentralized renewable energy sources, which provide access to clean and sustainable energy, are two examples of these investments. As part of the campaign, the Delhi government has also committed to increasing the green space and tree planting, aiming to achieve a 25 percent green cover in the next five years. Delhi's green cover currently stands at 23.06 percent. The government said initiatives, such as the Delhi City of Lakes project, will rejuvenate water bodies, improve water quality and reduce flooding. Delhi is one of the hottest cities in India and ranks among the most susceptible to heat waves due to its large population and a significant concentration of lower-income groups. Extreme heat is hurting local productivity, putting vulnerable populations at risk and contributing to the rapidly rising energy demand. Heat waves are becoming more intense and frequent due to climate change. MICRON SETS THE STAGE FOR INDIA TO BE A TRUSTED GLOBAL SUPPLY CHAIN PARTNER: MOS ITThe upcoming $2.75 billion Micron Technology facility in India proves that the growth in the country's semiconductor ecosystem will soon manifest itself in myriad ways, propelling the country into the top tier of advanced semiconductor manufacturing in years to come, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said. Ahead of the US-based Micron Technology's "Bhoomi Pujan" for its Rs 22,500 crore unit in Sanand, Gujarat, on Saturday, the minister said the overall semiconductor system would grow slowly and steadily in the country and Micron breaking ground for its assembly and test facility is a significant milestone towards that."Micron is a case being made by manufacturers that India represents a very trusted hub in the overall global supply chain. India is a huge market for their products and post-G20 Summit, chip manufacturers know that semiconductor plants in the country will cater to the world's demands in a trusted, seamless manner," the minister emphasized. Micron Technology has committed to investing up to $825 million in building a new semiconductor assembly and test facility in India, with support from the Indian government. The combined investment of $2.75 billion is projected to create around 5,000 direct jobs and offer 15,000 community job opportunities over the next five years.
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