Indian Economy

[coalmine]

View: https://www.youtube.com/watch?v=O9mYvQiTAHg

 

[hurrians]

"MV San Fernando to reach Vizhinjam from China on July 10 night"​

Battling mighty waves, San Fernando to reach Vizhinjam from China on July 10 night

Container vessel San Fernando will be the first container ship to make a port of call at Vizhinjam

www.thehindu.com

 

[DingDong]

GDP per capita 2024

View attachment 1544

Out of all the BIMARU states only Bihar has managed to stay stagnant despite the claim of super-duper growth. Guess why?

The politicians of the state have given the bureaucrats the right to govern. For any civil servant, Bihar is the dreamland.

 

[haldilal]

View: https://twitter.com/haldilal/status/1810154341405520294

 

[angryindian]

Out of all the BIMARU states only Bihar has managed to stay stagnant despite the claim of super-duper growth. Guess why?

The politicians of the state have given the bureaucrats the right to govern. For any civil servant, Bihar is the dreamland.

This is dead embarrassing,that's Somalia's level of economy.

 

[haldilal]

1 .

After iPhone Success, Apple Wants To Revive Its 'Make In India' Plans For iPads And AirPod Cases: Report

Apple is also making efforts to increase the production of components for AirPod wireless charging cases in India.

in.benzinga.com

2 .

Maharashtra govt in talks with 3 companies for semiconductor plants: Devendra Fadnavis - Times of India

Deputy chief minister Devendra Fadnavis announces discussions with three companies to establish a semiconductor plant in Maharashtra. Learn more about the government's initiative and the potential impact on the industrial sector in Nagpur.

timesofindia.indiatimes.com

3 .

Sneha Garments Expands Operations to Meet Growing Demand

xperttimes.com

4 .

Blackstone in talks for Haldiram's stake: ‘Lot of back and forth over valuation’

Blackstone has been in talks with the snack maker along with consortium partners Abu Dhabi Investment Authority and Singapore’s GIC for the last few months.

www.hindustantimes.com

5 .

Nitin Gadkari inaugurates Horiba's Greenfield manufacturing plant in Nagpur - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

timesofindia.indiatimes.com

6 .

HORIBA plans setting up unit in India for fab, OSAT, ATMP players

HORIBA, the $2.5 billion Japanese analytical and measurement solutions company and a critical player in the global semiconductor industry is planning to set up a unit in India. This facility will cater to the country’s upcoming fabrication (fab) plants, OSAT (outsourced semiconductor assembly...

www.medicalbuyer.co.in

7 .

Bajaj Auto begins exporting Qute to Egypt, electric variant in the works | Autocar Professional

The Bajaj Qute is designed to be an urban mobility alternative.

www.autocarpro.in

8 .

Navi Mumbai Launches Textile Recycling Pilot Project

Navi Mumbai Municipal Corporation initiates a Consumer Textile Recycling Pilot Project to promote sustainability and cleanliness through innovative recycling.

www.oneindia.com

9 .

US fund Platinum acquires Inventia Health in India foray

Platinum Equity makes its debut in India by acquiring a majority stake in Mumbai's Inventia Healthcare. With a valuation of Rs 2,500 crore, the deal sees PE investors exiting while the promoter retains a minority stake. Platinum Equity, managing over $48 billion in assets, is well-known for its...

economictimes.indiatimes.com

10 .

Larsen & Toubro Shares in Focus As Company Bags Project from ONGC

Larsen & Toubro (L&T) on Monday said it has bagged a 'significant order' from Oil & Natural Gas Corporation (ONGC). , Companies News - Times Now

www.timesnownews.com

11 .

Mumbai properties registration rises 12% in June on high demand: Report ,Real Estate News, Business News | Zee Business

In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years. , Get more Real Estate News and Business News on Zee Business

www.zeebiz.com

12 .

L&T to build 2 GW solar PV plant in Middle East ,Companies News, Business News | Zee Business

The company stated that it will build two Gigawatt Scale Solar PV plants with a leading developer in the Middle East.The plants will have a cumulative capacity of 3.5 GW (Gigawatt). , Get more Companies News and Business News on Zee Business

www.zeebiz.com

 

[Rynzl3r]

Guys, does someone have any idea about why no final assembly line was setup in India despite the fact that Air India + Indigo both have given massive orders to Boeing/Airbus. China has got two airbus assembly lines for orders of 150-160 units whereas our total is ~500 each for Airbus+Boeing.

 

[Blademaster]

Guys, does someone have any idea about why no final assembly line was setup in India despite the fact that Air India + Indigo both have given massive orders to Boeing/Airbus. China has got two airbus assembly lines for orders of 150-160 units whereas our total is ~500 each for Airbus+Boeing.

I think we got orders for component manufacturing. Assembly will come later.

 

[Nutcracker]

Guys, does someone have any idea about why no final assembly line was setup in India despite the fact that Air India + Indigo both have given massive orders to Boeing/Airbus. China has got two airbus assembly lines for orders of 150-160 units whereas our total is ~500 each for Airbus+Boeing.

You should ask that question to Tata group. They are private organisation who wanted rapid expansion in airlines industry. Now they can't wait 3-4 years for assembly line to begin it's operation and 5-6 years to attain full-scale production and complete delivery in 10-12 years.

 

[swesh]

GDP per capita 2024

View attachment 1544

Haryana is doing quite well???

 

[angryindian]

Guys, does someone have any idea about why no final assembly line was setup in India despite the fact that Air India + Indigo both have given massive orders to Boeing/Airbus. China has got two airbus assembly lines for orders of 150-160 units whereas our total is ~500 each for Airbus+Boeing.

If we had a company like Embraer of Brazil, both of these airliner manufacturers would have been forced to assemble aircraft in India. Because they have a monopoly over passenger aircraft, they can get away with anything they want.

 

[angryindian]

Haryana is doing quite well???

They have Gurugram,Panipat and Faridabad which pushes up their per capita income.


Incidentally, Gurgaon's neighbor Nuh is amongst the poorest in the country. Never seen a situation where two neighboring districts have completely opposite fortunes.

 

[sameer]

Guys, does someone have any idea about why no final assembly line was setup in India despite the fact that Air India + Indigo both have given massive orders to Boeing/Airbus. China has got two airbus assembly lines for orders of 150-160 units whereas our total is ~500 each for Airbus+Boeing.

Indian private airlines don't care where their planes are manufactured. They just want them quick. Chinese carriers are state owned so CCP can do the negotiation on their behalf. Also, these final assembly lines are often negotiated at government level, for example the second FAL was announced during macron's recent visit to China.

 

[swesh]

Sirsa is just few thousand lower than Hisar ? Hisar is manufacturing and industrial area in that zone

 

[GGBOZZ]

Budget 2024: Sitharaman can help weave Indian textile industries' golden fortune with PLI extension to garment sector, MSME funding

India, the world's sixth largest textile and apparel exporter, faces challenges in achieving its textile export goals. The government aims to achieve $600 billion in textile exports by 2047, but the sector faces challenges such as geo-political uncertainties, consumption shifts, and low overall...

economictimes.indiatimes.com

If the government revises it's PLI scheme for textiles and includes garments in it there will be massive employment and quick acceptance and the kanglus will get kicked out of the entire garment ecosystem . The subsidies that revising the scheme will provide will easily match the requirements of any firm looking to set up a manufacturing facility

 

[ezsasa]

Budget 2024: Sitharaman can help weave Indian textile industries' golden fortune with PLI extension to garment sector, MSME funding

India, the world's sixth largest textile and apparel exporter, faces challenges in achieving its textile export goals. The government aims to achieve $600 billion in textile exports by 2047, but the sector faces challenges such as geo-political uncertainties, consumption shifts, and low overall...

economictimes.indiatimes.com

If the government revises it's PLI scheme for textiles and includes garments in it there will be massive employment and quick acceptance and the kanglus will get kicked out of the entire garment ecosystem . The subsidies that revising the scheme will provide will easily match the requirements of any firm looking to set up a manufacturing facility

extension of PLI in textiles for exports is good.
textile industry seems to have revived by the incentives post pandemic, and size more than doubled since 2014.

is textile industry(domestic market) still complaining?

======
In terms of numbers, the industry size is pegged at approximately Rs 10 lakh crore

Read more at:
https://retail.economictimes.indiat...textile-industry-the-silent-cash-cow/98537969

India: textile industry market size 2030 | Statista

In 2021, the market size of the Indian textile industry was worth 223 billion U.S.

www.statista.com

 

[jaijaganath]

Apple may soon begin iPad and AirPods manufacturing in India as part of it’s ‘big plans’ https://timesofindia.indiatimes.com...rt-of-its-big-plans/articleshow/111566258.cms

 

[FalconSlayers]

This is dead embarrassing,that's Somalia's level of economy.

Nope, Bihar despite being a shithole is far better than zoomalia.

They have Gurugram,Panipat and Faridabad which pushes up their per capita income.
View attachment 2136

Incidentally, Gurgaon's neighbor Nuh is amongst the poorest in the country. Never seen a situation where two neighboring districts have completely opposite fortunes.

Nothing surprising once you realise who lives in majority in Nuh.

 

[Blademaster]

extension of PLI in textiles for exports is good.
textile industry seems to have revived by the incentives post pandemic, and size more than doubled since 2014.

is textile industry(domestic market) still complaining?

======
In terms of numbers, the industry size is pegged at approximately Rs 10 lakh crore

Read more at:
https://retail.economictimes.indiat...textile-industry-the-silent-cash-cow/98537969

View attachment 2167

India: textile industry market size 2030 | Statista

In 2021, the market size of the Indian textile industry was worth 223 billion U.S.

www.statista.com

How much of that increase is due to inflation? Take away the inflation factor and gauge the true increase of value and only then you can get a true picture of the value of the PLI's contributions.

 

[GGBOZZ]

extension of PLI in textiles for exports is good.
textile industry seems to have revived by the incentives post pandemic, and size more than doubled since 2014.

is textile industry(domestic market) still complaining?

======
In terms of numbers, the industry size is pegged at approximately Rs 10 lakh crore

Read more at:
https://retail.economictimes.indiat...textile-industry-the-silent-cash-cow/98537969

View attachment 2167

India: textile industry market size 2030 | Statista

In 2021, the market size of the Indian textile industry was worth 223 billion U.S.

www.statista.com

The problem is that the PLI scheme if extended towards garment manufacturing would add lakhs of low skill jobs and double or even triple the exports . The incentives are severely under utilised by industry players