[ENH] Explore adding conda cache step to CI

[ayushdg]

Is your feature request related to a problem? Please describe.
As discussed in #1033 (comment) setting up the conda environment can take upto 6-8 minutes on certain test runs especially on windows. Adding a conda caching step that updates daily (or every x days) might be a good approach to speed up CI times further.

Might be out of scope for an initial implementation but it would be good to include the few steps for conda caching (and a keyword check to skip it) in a composite action instead of re-using the same 3-4 steps in multiple jobs/workflows