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Gujarat government provided ₹661 crore to the company
Ahmedabad, January 21, 2026
Since the BJP government came to power in India and Gujarat, it has been receiving significant funding. A chip manufacturing company in Sanand has given substantial funds to the BJP.
Ramesh Kunhikannan, founder of Kaynes Technology India Limited from Mysuru, donated ₹17 crore to the BJP in 2024-25. This came after the approval of a proposal by Kaynes Semicon Private Limited, a subsidiary of Kaynes Technology, to set up a semiconductor unit in Sanand, Gujarat. This factory is being established with an investment of ₹3,300 crore since 2023. It will produce 6 million chips daily.
The company is to invest ₹5,000 crore in this factory for digital engineering. CANS, through its subsidiary CANS Semicon, is initially setting up a semiconductor plant in Telangana with a capital outlay of approximately ₹3,000 crore. Telangana will have two chip assembly lines, while the more advanced chip assembly and testing operations will be in Gujarat.
The central government is providing assistance of ₹1,653.5 crore under the India Semiconductor Mission, and the Gujarat government has invested ₹661.4 crore in this project. CANS’s investment in the project is ₹992.1 crore. The semiconductor unit was approved in a cabinet meeting chaired by Prime Minister Narendra Modi.
The chips will be used in various sectors including industrial, automotive, electric vehicles, consumer electronics, telecommunications, and mobile phones. The central government is providing a subsidy of ₹76,000 crore.
The first proposal for setting up a semiconductor unit in Sanand, Gujarat, was approved by the central government in June 2023. Subsequently, approval was given for setting up two more semiconductor units in February 2024. This includes the approval of Tata Electronics’ semiconductor plant in Dholera and CG Power’s similar plant in Sanand.
Work is accelerating on setting up 4 projects – 3 in Gujarat and 1 in Assam. All of these are expected to produce 70 million chips per day with an investment of approximately ₹1.50 lakh crore.
A world-class OSAT (Outsourced Semiconductor Assembly and Test) facility has been established. There is a digital engineering partnership between UST and Kaynes Semicon.
Ramesh Kannan is the Managing Director of Kaynes Technology. Kaynes Semicon is a wholly owned subsidiary of Kaynes Technology India Limited, which operates in the semiconductor sector. Kaynes Technology, founded in 2008, is an electronics manufacturing company.
Where do the parties get their money from?
The Supreme Court struck down the Electoral Bond Scheme in February 2024. After that, the Bharatiya Janata Party received ₹6,000 crore in the financial year 2024-25. Of the ₹6,000 crore, the BJP received ₹3,689 crore through electoral trusts, which is approximately 62 percent of the total amount.
Any company registered under the Companies Act in India can form an electoral trust. Any Indian citizen can donate money to the trust. The electoral trust then distributes this money to political parties.
Any individual can also donate money directly to a political party. If the amount is more than ₹20,000, political parties are required to disclose this information to the Election Commission every year.
The Congress party received more than ₹517 crore in 2024-25. Of this, ₹313 crore came through electoral trusts. The Congress received more than ₹522 crore in total.
In West Bengal, the Trinamool Congress received ₹184.5 crore. Of this, ₹153.5 crore came through electoral trusts. In 2024-25, the BJP received the most money through electoral trusts.
1. Suresh Amritlal Kotak
Suresh Amritlal Kotak has given the most money to the Bharatiya Janata Party at a personal level. In 2024-25, Suresh Amritlal Kotak donated ₹30 crore to the BJP. He also donated ₹7.5 crore to the Congress party.
Kotak is in the cotton industry. He is known as the ‘Cotton Man of India’. He has served as the President of the ‘Cotton Association of India’. In 2022, the central government formed the ‘Cotton Council of India’ under Kotak’s chairmanship.
2. Alla Dakshayani
Alla Dakshayani is in second place. She donated ₹25 crore to the BJP in 2024-25.
Alla Dakshayani is the founder and managing trustee of Ramky Foundation. Ramky Foundation is the Corporate Social Responsibility (CSR) arm of Ramky Group. It was established in 2006. This organization works for social welfare.
Its annual business turnover is ₹4,500 crore. The company works on projects related to roads, environment, and waste management. It has offices in 55 cities across India.
Alla Dakshayani’s husband is Alla Ayodhya Rami Reddy. Besides being a businessman, he is a Rajya Sabha MP from Andhra Pradesh representing the YSR Congress Party. Alla Ayodhya Rami Reddy is the second richest MP in the Rajya Sabha with assets worth ₹2,577 crore.
3. Dinesh Chandra Agarwal
Dinesh Chandra Agarwal donated ₹21 crore to the BJP in 2024-25. He is the founder, chairperson, and managing director of DRA Infracon. He works for infrastructure development.
The company has secured the contract for the 121 km long Guwahati Ring Road project. The total cost of this project is ₹5,729 crore. 4. Hardik Agarwal
Hardik Agarwal donated ₹20 crore to the BJP in the year 2024-25.
Agrawal is the son of Dinesh Chandra Agrawal and a director of DRA Infracon Limited.
These party leaders don’t donate money. In total, BJP leaders have contributed barely ₹1 crore to their party. (Translated from Gujarati by Google)
