Indian Economy: News and Discussion

Haldilal

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Ya'll Nibbiars only this was remaining.

The industrial units but locals allege that the area suffers from irregular power supply, insufficient water, poor approach roads, and a delay in administrative work. The government between 2004 and 2006 conducted developmental works in the region after meetings with multiple delegations. “Subsequent governments however did not follow through and 1,500 of 1,800 weaving units, both power and handloom, moved to Shinnoli in Maharashtra, 13 kilometres from Belagaon. Maharashtra gave financial and business-friendly administration with favourable power tariffs, bank loans and interest rates that were more attractive than Karnataka,” Dage said.

The Belagaon Foundry Cluster chairman Ram Bhandare said Maharashtra has reserved land in Kolhapur district for industrialists of belgaon. “We want to carry our business in Belagavi, but we are not getting fair treatment from the government,” he added


 

Haldilal

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The Marico to acquire personal care brands 'Purité de Prôvence' and 'Ôliv' in Vietnam.

The Marico Limited (BSE: 531642, NSE: "MARICO") has announced that it's wholly owned subsidiary, Marico South-East Asia Corporation (MSEA), has entered into a definitive agreement to acquire 100% of Beauty X Corporation. Beauty X owns female personal care brands "Purité de Prôvence" and "Ôliv", which offer a range of premium and differentiated hair care and skin care products in Vietnam, such as shower gels, shampoos, conditioners, face wash, lotions, among others.

Purité de Prôvence, launched in 2011, honors pure and natural beauty with the know-how and ingredients of Provence, France, which come to life in various fragrances such as lavender, cherry blossom, rose, among others.

The Oliv, launched in 2017, brings the goodness of extra virgin olive oil, combined with other natural ingredients, in its wide range of products for nourishment of hair and skin.

The natural and unique proposition offered by the brands has gained consumer traction and the business is growing profitably.

Saugata Gupta, MD and CEO, Marico Limited, said, "The addition of Purité de Prôvence and Ôliv presents an opportunity to significantly expand our play in female beauty and personal care category and therefore increase our total addressable market in a high growth country like Vietnam. Both brands have established a distinct natural proposition and scaled up profitably in a rather short span of time. We are buoyant about the medium-term prospects of beauty and personal care category in Vietnam and expect to further stepup growth and profitability through investing in brand building and leveraging various operational synergies with our existing portfolio over the next few years."
 

Haldilal

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Ya'll Nibbiars The Private Sector doing more than the Public sector nowadays.


 
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thebakofbakchod

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The Youngone Corporation produces synthetic jackets, boots, track suits and other apparel used in trekking. As 267 acres of land was allotted for Youngone, the company is planning to invest Rs.3,000 crore.

“Youngone Corporation asked for another 30 acres of the land,” Suresh Kumar told ‘Telangana Today’, adding that more than 20,000 jobs would be created by Youngone.


Just 1 textile plant creates 20000 formal jobs
 

ezsasa

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second thought that occurred is forex outflow :pound:
Tatas must be having forex reserves of their own outside the country, isn't it?
=======
Air India is close to placing historic orders for 500 jetliners worth tens of billions of dollars from both Airbus and Boeing. (Reuters)

 

Abbey

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Haldilal

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Ya'll Nibbiars if don't wanna Miss then first Control The AndolanJeevis.
 

FalconSlayers

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Canada based 'My Health Center' to invest 2050 crore in Kanpur to start a multi-specialty hospital, medical college and medical device manufacturing unit.

Lol why Kanpur? Is it because of the billions of cancer patients it produces every year due to "Zuban Kesari" :megusta: ?
 

jai jaganath

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second thought that occurred is forex outflow :pound:
Tatas must be having forex reserves of their own outside the country, isn't it?
=======
Air India is close to placing historic orders for 500 jetliners worth tens of billions of dollars from both Airbus and Boeing. (Reuters)

Then there must be persuasion for setting up manufacturing unit in India either Airbus or Boeing for jetliners
 

ezsasa

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Example being some research team may come up with an innovative battery cell but no investor will put money in to bring this to market.
if this is an issue, perhaps one national level annual science summit can solve the issue, where scientists and investors can come at one place and interact with each other. deals and networking can be done then and there.

our fellows need mahaul, other wise they won't move their assess.
 

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