Indian Economy: News and Discussion

Haldilal

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Haldilal

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gslv markIII

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It's raining 3-D printers, lol.

Amace, part of India's largest machine tool conglomerate Ace Micromatic Group (AMG), just launched this Metal Additive manufacturing machine ALM 400.

1628187923974.png

Technology : Laser Powder Bed Fusion (LPBF)
Build Volume : 410mm x 410mm x 450mm
Laser Power : 2 x 1000W Yb- fiber laser

 

Abdus Salem killed

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It's raining 3-D printers, lol.

Amace, part of India's largest machine tool conglomerate Ace Micromatic Group (AMG), just launched this Metal Additive manufacturing machine ALM 400.

View attachment 103569
Technology : Laser Powder Bed Fusion (LPBF)
Build Volume : 410mm x 410mm x 450mm
Laser Power : 2 x 1000W Yb- fiber laser

Isn't 3d printing extremely complex right ?
What can thz do ?
 

gslv markIII

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Printer to MATLAB kya kya print karega Bhai ?
Konsi chize Jaise US aaj kal turbine fans print Kar Sakta hai 3d printing se metal cutting obsolete go Gaya hai iska kya labh hai Puch Raha hu
Metal cutting isn't obsolete yet, additive manufacturing is still way too slow. However, it's better for complex geometries and all which cannot be achieved by conventional methods
 

gslv markIII

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Chandragupt Maurya

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Eastern region of India will get these expressways I hope Mamta Banarjee doesn’t block these projects
Patna-Kolkata Expressway (Bihar , Jharkhand , Bengal)
Raxaul-Haldia Expressway (Bihar , Jharkhand , Bengal)
Varanasi-Ranchi-Kolkata expressway (Uttar Pradesh , Bihar , Jharkhand , Bengal)
Aurangabad-Darbhanga Expressway (Bihar)
Beside these expressways I think there should be Patna-Ranchi-Bhuwaneshwar expressway as well
 

ym888

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Ya'll Nibbiars its already started. Due to this the port was delayed for a decade. And again are delaying its.

“Noticeably, the protests were led by retired Lt Col Pratap Save, a resident of Nargol and president of the Kinara Bachao Samiti. On April 7, 2000, at the peak of the protests against the proposed port, more than 40 protesters including women were arrested by the state police. Save, who was arrested with the villagers, was brutally thrashed till he lost consciousness and was shifted to a hospital in Vapi, Gujarat. Later, he was shifted to a hospital in Mumbai where he succumbed to the injuries on April 20, 2000. His wife, Sunita Save had filed a case against then Deputy Superintendent NK Amin (also accused in Shohrabuddin encounter case) and a constable for the custodial death.”

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What will the local government do When something like this happens?
 

Haldilal

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“Noticeably, the protests were led by retired Lt Col Pratap Save, a resident of Nargol and president of the Kinara Bachao Samiti. On April 7, 2000, at the peak of the protests against the proposed port, more than 40 protesters including women were arrested by the state police. Save, who was arrested with the villagers, was brutally thrashed till he lost consciousness and was shifted to a hospital in Vapi, Gujarat. Later, he was shifted to a hospital in Mumbai where he succumbed to the injuries on April 20, 2000. His wife, Sunita Save had filed a case against then Deputy Superintendent NK Amin (also accused in Shohrabuddin encounter case) and a constable for the custodial death.”

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What will the local government do When something like this happens?
Ya'll Nibbiars simple invoke a Act and clears the land aquasition process.
 

shashankk

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This issue is ongoing for almost a year and has already hurt many car manufacturers specially TATA. TATA Nexon have 3-4 months wait period mainly due to chip shortage while other makers are also unable to scale up production while demand grew.
 

Chandragupt Maurya

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Noida , Gurgaon and Ghaziabad are failure not success they were bound to fail as there was no robust rail , road , waterway connectivity with Mumbai and Kolkata port the eastern and western dedicated freight corridor or development of national waterway one is an attempt to make these towns successful
Compare it to Chinese SEZ like Shenzhen , Chendgu , Chongquing , Wuhan etc these are either along coastlines or along waterways and has robust rail , road inland waterway and air connectivity with ports
 
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sorcerer

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PM steps in to launch national mission to meet US$ 400 billion export target

IBEF: August 06, 2021


Prime Minister Mr. Narendra Modi will launch a national campaign on Friday to meet a US$ 400 billion merchandise export target for the current fiscal year. In the first four months of 2021-22, India achieved roughly a third of its yearly objective.

PM will meet virtually with the heads of Indian embassies across the world, as well as many other stakeholders in domestic trade and commerce.

Merchandise exports from India have been hovering around US$ 260-330 billion for the past nine years, with the highest ever being US$ 330 billion in 2018-19. Exports can help increase economic growth at a time when other elements including private spending and investment have been sluggish owing of the COVID-19 pandemic's disruption.

July 2021 recorded the highest-ever merchandise exports of US$ 35.17 billion, bringing the first four months' total to US$ 130 billion. The government has set a goal of US$ 1 trillion in merchandise exports in 2027-28 and US$ 500 billion in the next two years.

The Commerce Department has devised a detailed plan to meet the US$ 400 billion target this fiscal year. This will include a focus on existing and new markets, existing and new products, as well as market share losses in recent years, both in terms of countries and items.

Regions and countries, commodity groups, and export promotion committees have all been used to break down the goals. The targets for their territory have also been handed to ambassadors and high commissioners, who have been divided into numerous commodities groups. The government is also developing precise trade policies, such as promoting districts as export centres, monitoring imports, and providing market knowledge to exporters.
 

sorcerer

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Indian firms plan to invest US$ 27 billion to boost refining capacity by 2025

IBEF: August 06, 2021


India's state refiners plan to invest Rs. 2 trillion (US$ 26.96 billion) by 2025 to increase oil refining capacity by 20% in Asia's third-largest economy, according to Mr. Rameswar Teli, Minister of State Ministry of Petroleum and Natural Gas.

India, the world's third-largest importer and consumer of oil, has a refining capacity of around 249 million tonnes per year, or around 5 million barrels per day (bpd). In a written response, Mr. Teli stated that refining capacity is scheduled to increase to 298 million tonnes per year by 2025.

"For refining cost reduction and product upgrading, the refining sector has been continuously modernized and improved with indigenous and foreign technologies," he said.

Indian Oil Corp, the country's largest refiner, said in its latest annual report that it plans to increase its annual oil refining capacity from 70.05 million tonnes to 87.55 million tonnes by 2024/25 to meet rising demand for petroleum products.

According to a report released earlier this year by the International Energy Agency, India will be the primary driver of rising energy demand over the next two decades, accounting for 25% of global growth and on track to overtake the European Union as the world's third-largest energy consumer by 2030.

By 2024/25, it will have virtually doubled its petrochemical capacity of 3.2 million tonnes per year by adding another 3.1 million tonnes.
 

warriorextreme

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Nearly two dozen financial institutions including Deutsche Bank, Citigroup, Nippon Life India and Zerodha are set to open shop at GIFT City even as banking transactions at the country’s first International Financial Services Centre (IFSC) crossed the $100-billion mark in July.

This financial year alone, the IFSC – a tax-free gateway to the global financial world as it caters to customers outside the jurisdiction of domestic economy – has seen about a 30% rise in the total banking transactions volume so far, a top official said.

Banking transactions include external commercial borrowing, foreign currency term loan and trade finance among others.

“We are seeing great momentum in overall business growth at IFSC,” said Dipesh Shah, head, development, at Gujarat International Finance Tec-City (GIFT City).

“Both banking and fund verticals are witnessing encouraging interest to make IFSC base for international financial services, which in turn is facilitating to onshore the offshore financial services for the country,” he said.

GIFT SEZ (special economic zone) Development Authority considered nearly two dozen applications for setting up IFSC business in GIFT IFSC on Wednesday.

This is a record surge for India’s maiden IFSC which is emerging as a preferred platform for International Financial Services.

“The number of applications is itself a record in one-go,” Shah said.

The applicants included alternative funds, asset management companies and banks.

Some of the leading institutions that have applied for fund business recently include Nippon Life India Asset Management, Kotak Investment Advisors, Blume Venture Fund, Karkinos Venture, Abans AIF, and Resurgent Enabling Bharat Opportunities Fund.

“A large number of global funds are making GIFT IFSC a hub for AIF (alternative investment fund),” Shah said.

Individual applicants could not be reached immediately for comments.

Fund administration is emerging as a big business interest with some of the leading administrators including Basiz Fund Services and Vistra setting up base. Apex and Amicorp, too, are expected to set up units.

Since October 2020, International Financial Services Centres Authority (IFSCA) has approved 45 applications for financial services businesses at GIFT City including HSBC Bank and Barclays Bank. The latest approval has been granted to Deutsche Bank for setting up international banking operations. Citi Bank is said to have applied for approval recently.

At least six-seven new professional services firms are applying every month to offer services to growing business in GIFT IFSC.

“Aircraft leasing is also gathering momentum as an important activity at IFSC with three approvals already granted and many players are in advance stage for setting up base at GIFT IFSC,” Shah said.

Finance minister Nirmala Sitharaman had in her Union Budget 2021 speech said the government is committed to make IFSC in GIFT City “a global financial hub”.
 

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