Indian Economy: News and Discussion

[ezsasa]

GoI should create a deeptech startup hub in Bangalore, Hyderabad and NCR where they’re provided with investments, mentirships and and required infrastructure.

why should GoI "create", let the private sector get into it.

 

[sauntheninja]

New Chinese GPU maker Moore Threads Unveils the MTT S60 Graphics Card With Vulkan, OpenGL and Direct3D Support | Geeks3D

Moore Threads is a new Chinese GPU maker (founded in 2020). This new brand has unveiled two days ago the MTT S60, its first desktop graphics card. This graphics card supports all 3D APIs available on PC: Direct3D (12?), Vulkan and OpenGL (4.6?), including OpenGL ES. The GPU is built with a 12nm...

www.geeks3d.com

Chinese companies are acquiring American companies and producing their own stuff wonder when will we attempt this playing things safe will mean we are always behind the rest

 

[Shuturmurg]

New Chinese GPU maker Moore Threads Unveils the MTT S60 Graphics Card With Vulkan, OpenGL and Direct3D Support | Geeks3D

Moore Threads is a new Chinese GPU maker (founded in 2020). This new brand has unveiled two days ago the MTT S60, its first desktop graphics card. This graphics card supports all 3D APIs available on PC: Direct3D (12?), Vulkan and OpenGL (4.6?), including OpenGL ES. The GPU is built with a 12nm...

www.geeks3d.com

Chinese companies are acquiring American companies and producing their own stuff wonder when will we attempt this playing things safe will mean we are always behind the rest

At least reliance is doing that in green tech. They have bough a bunch of innovative battery startups in west and are now going to bring them to mass production.

 

[Shuturmurg]

GoI should create a deeptech startup hub in Bangalore, Hyderabad and NCR where they’re provided with investments, mentirships and and required infrastructure.

Most deep tech companies in west come out of tech developed in Universities. Sadly our R&D spend is too low.

List of sovereign states by research and development spending - Wikipedia

en.wikipedia.org

Countries like Israel and Korea spend 4.9% and 4.6% of GDP in R&D. China spends 2.2%. India only spends 0.65%.

 

[Anandhu Krishna]

The central government has received a total 17 proposals from 13 states for the establishment of textile parks under PM Mega Integrated Textile Region and Apparel (PM MITRA) having an outlay of Rs 4,445 crore.

PM MITRA proposals currently under evaluation, says Union Minister Jardosh

The Union Minister of State for Textiles Darshana Jardosh informed Lok Sabha that currently all the proposals received from states for setting up of textile park under the PM Mega Integrated Textile Region and Apparel (PM MITRA) are under scrutiny fo

knnindia.co.in

You will love it, @Chandragupt Maurya

Bihar pushes for mega textile park, identifies 1,719-acre land in West Champaran

Bihar industries minister Shahnawaz Hussain said the state submitted the proposal to the central government after making all required preparations

www.google.com

Textiles is an incredible sector for low skilled people to get a lot of employment. Bihar seems like a perfect location.

 

[Haldilal]

@Haldilal check this
Guy is my college mate

Ya'll Nibbiars alreday knew about this firm so your classmates?.

 

[sauntheninja]

Most deep tech companies in west come out of tech developed in Universities. Sadly our R&D spend is too low.

List of sovereign states by research and development spending - Wikipedia

en.wikipedia.org

Countries like Israel and Korea spend 4.9% and 4.6% of GDP in R&D. China spends 2.2%. India only spends 0.65%.

Any data on what china spend on r&d when they were at similar economy to ours today?

 

[Crazywithmath]

Towards the end, I think Panagariya is too optimistic. While FTAs with UK, GCC and even Canada might be possible; EU one is tricky and the US themselves are not looking for an FTA with us anymore post Trump.

 

[Vaibhavseafarer]

Sorry port extend nai kar sakte ecology hurt hoga

Been to so many ports in China.
They give damm about ecology and environment.

 

[assassin162]

If these textile parks are made. , then Bangladesh to gyo

Couple this with Australia, UAE fta and upcoming Uk fta.

 

[Shuturmurg]

Any data on what china spend on r&d when they were at similar economy to ours today?

https://www.oecd.org/sti/inno/41559747.pdf

K, did some research. In 2006 their GDP per capita nominal was 2100$.
They spent 1.42 % of GDP on R&D.

 

[gajapati]

Unicorns by sector (India is lacking in deep tech startups, need more R&D investments):

View attachment 150284

Some data i got -

between 2019-2020 number of indian startups using deep tech rose from 1600 to 2100
In 2020 14% of startup funding went to deep tech which is up from 11% of 2019
With in deep tech 87% going to machine learning .

These ventures require highly skilled and research oriented talent pool and massive investment and going to bring lots of disruptions .. May be what govt can do is pull out a funding mechanism by Quad/BRICS for deep tech ventures .

 

[Heat]

If you have a way around the paywall it would be appreciated.

Try disabling JavaScript on pay walled articles across the internet. It works most of the times.

 

[SimplyIndian]

5Lakh Cr extra .. CAn be used to reduce borrowings or we get a new Aircraft Carrier

It's gdp not gst.....

 

[Blademaster]

And what’s the point in posting this news in Indian economy thread ?
How is this incident in some village is relevant to Indian Economy

This news was posted in this thread already and I happened to comment on it.

 

[FalconSlayers]

Tech giant Apple confirms manufacturing iPhone 13 in India

In a major fillip to India's dream to become a global manufacturing hub, Apple on Monday confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India. The tech giant manufactures , including iPhone 11, iPhone 12 and now iPhone 13 at the Foxconn facility. Apple started its...

www.businessinsider.in

 

[FalconSlayers]

Banks' credit growth nearly doubles in FY22

Bank credit growth in the preceding fiscal hit 9.6% against a 5.6% growth seen in FY21, data shows. Deposit growth slowed to 8.9% in FY22 from 11.4% in the same period in the corresponding year.

m.economictimes.com

 

[FalconSlayers]

Govt preparing for redevelopment of 25 non-confirming industrial pockets in Delhi - ET Infra

Delhi Government News: The Delhi government has allocated Rs 25 crore for the redevelopment work in its budget for 2022-23. Deputy Chief Minister Manish Sisodia while presenting the budget in Delhi Assembly had said that redevelopment of these 25 non-conforming industrial areas would create six...

infra.economictimes.indiatimes.com

Sri Lankan crisis fires up India’s container transhipment ambitions - ET Infra

The economic crisis in Sri Lanka has presented India an opportunity to position itself as an alternative to Colombo port in container transhipment, say experts.

infra.economictimes.indiatimes.com

Lucas TVS sets out on a Rs 3,000cr electric vehicle drive - ET Infra

Lucas TVS is diversifying into making motors for EVs and is also investing up to Rs 2,500 crore to set up a lithium-ion cell manufacturing plant in collaboration with 24M, an American company that is developing new technologies to produce lithium-ion batteries used in EVs

infra.economictimes.indiatimes.com

Smart City Mission: India sets big goals, gears up for 4,000 cities expansion in 2 years - ET Infra

MoHUA joint secretary Kunal Kumar spoke to Smart City Dialogues, a weekly live video show of ETGovernment on the status of 100 smart cities and their future outlook, transforming the mission into a movement for massive expansion, and alignment of national schemes with smart cities for maximizing...

infra.economictimes.indiatimes.com

A first of its kind PPP policy on industrialisation of major port land takes shape - ET Infra

Ppp: 6,000 acres of port land within the Custom Bonded Areas or the Port and Port Allied Areas would be leased for as much as 99 years to private firms for setting up industries.

infra.economictimes.indiatimes.com

 

[R1TTER]

why should GoI "create", let the private sector get into it.

Because you don't get the private sector investing unless govt subsidizes the early costs. That's how Samsung, TSMC, pretty much any Chinese giant ever as well as now Intel is expanding their manufacturing!

between 2019-2020 number of indian startups using deep tech rose from 1600 to 2100
In 2020 14% of startup funding went to deep tech which is up from 11% of 2019
With in deep tech 87% going to machine learning .

What is "deep tech" any way?

 

[ezsasa]

Because you don't get the private sector investing unless govt subsidizes the early costs. That's how Samsung, TSMC, pretty much any Chinese giant ever as well as now Intel is expanding their manufacturing!

Govt doesn't need to create startup, Govt needs to fund if necessary. for research hub, university incubation hubs are anyways there, in the new national education policy, dedicated research universities can also be created.

there is a 10,000 crore fund for long term research in this budget, unable to find the news item for now.

it's upto brilliant people to come up with brilliant ideas to take advantage, sooner the better. we don't know if this support will continue, if and when govt changes in the future.