Indian Economy: News and Discussion

[SKC]

The shear desperation to quote me to post crap and then come up with poor comebacks .

The shear desperation to quote me to post crap and then come up with poor comebacks!

 

[Cheepek]

I guess Airbus deal was better, this Boeing deal looks nothing but a colossal waste of money; unless things change with time? How many planes in Boeing's order book? And production capacity?
Hope Congis create stink in this deal!

 

[abingdonboy]

What is the ideal economic benefit govt should have provided? and what did they actually offered?

Please provide the real data not just your remarks here. If no one showed up in this PLI then should govt put gun in the mouth of Ambay or Adani to force them open a factory here for airline assembly.

What?

the GoI has talks with Airbus and Boeing at the highest levels. They know what both were needing to setup local manufacturing, even knowing this carrot was coming down the pipeline they weren’t able to deliver any local assembly

i don’t know the numbers, the GoI does but still weren’t able to get it right

 

[Haldilal]

What is the ideal economic benefit govt should have provided? and what did they actually offered?

Please provide the real data not just your remarks here. If no one showed up in this PLI then should govt put gun in the mouth of Ambay or Adani to force them open a factory here for airline assembly.

Ya'll Nibbiars Did they provide any for the Civilian Aircraft Manufacturing out of this?.

1 . Tax Holiday.

2 . Local Tax Holiday.

3 . Subsidized Electricity.

4 . Subsidized Water Tax.

5 . Concession on the Duties.

6 . Subsidies on setting suppliers.

7 . PLI for assembly, not just parts.

8 . Import and other duties concession.

9 . Initiatives for job creations and Education of qualified work forces.

10 . Skill and R&D supports.

 

[SKC]

What?

the GoI has talks with Airbus and Boeing at the highest levels. They know what both were needing to setup local manufacturing, even knowing this carrot was coming down the pipeline they weren’t able to deliver any local assembly

i don’t know the numbers, the GoI does but still weren’t able to get it right

So, You dont know the numbers! Thats it. Everything is just what you think or believe had happened.

If Beoing and Airbus are not ready themselved to open a plant here then what would you do??

offer them whole assembly line cost to be bear by India? Or Pay them double the cost to make them come here?

 

[jai jaganath]

What?

the GoI has talks with Airbus and Boeing at the highest levels. They know what both were needing to setup local manufacturing, even knowing this carrot was coming down the pipeline they weren’t able to deliver any local assembly

i don’t know the numbers, the GoI does but still weren’t able to get it right

Basically lack of out of box thinking
No subsidies no exemptions nothing
We are focusing on defence then only defence civilian doesn't exists

 

[SKC]

Ya'll Nibbiars Did they provide any for the Civilian Aircraft Manufacturing of this?.

1 . Tax Holiday.

2 . Local Tax Holiday.

3 . Subsidized Electricity.

4 . Subsidized Water tax.

5 . Concession on the Duties.

6 . Subsidies on setting suppliers.

7 . PLI for assembly, not just parts.

8 . Import and other duties concession.

9 . Initiatives for job creations and Education of qualified work forces.

10 . Skill and R&D supports.

Who exactly?
Do all of these govt mines out of land?

Skills and R&D people have to develop. Lot of initiatives are there for such things it now for people to get into STEM and critical industry skills.

 

[abingdonboy]

So, You dont know the numbers! Thats it. Everything is just what you think or believe had happened.

If Beoing and Airbus are not ready themselved to open a plant here then what would you do??

offer them whole assembly line cost to be bear by India? Or Pay them double the cost to make them come here?

How do you think Boeing got Airbus to setup in the US?

how do you think Boeing and Airbus a subsidised?

how is China able to get localisation based on market access?

if you are the 3rd largest market in the world and within the next 20 will be nibbling at 2nd, how are you not able to translate that into local assembly?

 

[FalconSlayers]

At some point of time this is a necessity, it is not the first deal, Akasa also signed a big deal last year for 72 aircrafts. You can't let thousands of aircrafts get imported over decades and giving lame excuses for it. Sum total of 540 aircrafts have been ordered by 2 Indian companies in a span of a year, not even counting others.

Jhunjhunwala-backed Akasa Air signs $9 bn deal for 72 Boeing 737 Max planes

The airline received no objection certificate from the civil aviation ministry last month

www.business-standard.com

If you're still going to give excuses to not force them to make here, you're done. This is not a joke.

Indian carriers to order 1,700 planes in next two plus years: CAPA India - Times of India

India Business News: NEW DELHI: Indian airlines could order upto 1,700 aircraft over the next few years, with Tata Group’s Air India accounting for nearly 500 of them and .

timesofindia.indiatimes.com

All including china subsidise the aviation production sector here we have people celebrating the current government's incompetence.

 

[Haldilal]

Who exactly?
Do all of these govt mines out of land?

Skills and R&D people have to develop. Lot of initiatives are there for such things it now for people to get into STEM and critical industry skills.

Ya'll Nibbiars The most Western nations gives more subsidies for the Aerospace industry than they receive in the taxes. It one of the largest employment creator in the organized sectors.

 

[SKC]

How do you think Boeing got Airbus to setup in the US?

how do you think Boeing and Airbus a subsidised?

how is China able to get localisation based on market access?

if you are the 3rd largest market in the world and within the next 20 will be nibbling at 2nd, how are you not able to translate that into local assembly?

Did you forget that US is $20T economy and EU in itself has really big economy.

Do you think it is a miracle for China to develop local assembly when they are building 2 airlines internally and are way ahead of us in that regards?

 

[SKC]

Ya'll Nibbiars The most Western nations gives more subsidies for the Aerospace industry than they receive in the taxes. It one of the largest employment creator in the organized sectors.

Not denying that. Yes Western Nations give subsidies in that market. But we have a lot of area to cover. We are already giving so much in so many things and we can only do so much!

Just by cribbing here will not magically open an unlimited money portal for the govt.

 

[abingdonboy]

Ya'll Nibbiars most Western nations gives more subsidies for the Aerospace industry than they receive in the taxes. It one of the largest employment creator in the organized sectors.

Also what is PLI? They are far more comprehensive than what many countries offer to incentivise local manufacturing

One can’t always be the country of tomorrow, France is smaller in population and economy than India, they have the expertise but no one is expecting IP. No one can believe that there aren’t the few 1000 skilled personnel in india that can follow a blueprint.

I’m sure many thought the same about the auto industry in india in 1990 and look at that experience

GoI massively fked up here. Taxpayers are already paying the cost of AI’s privatisation (SPV formed to offload much of its debt) but will get none of the benefits

 

[Haldilal]

Not denying that. Yes Western Nations give subsidies in that market. But we have a lot of area to cover. We are already giving so much in so many things and we can only do so much!

Just by cribbing here will not magically open an unlimited money portal for the govt.

Ya'll Nibbiars for just assembling you don't require Hugh Investment, The TAS is already making that. The subsidies are not that Hugh as the western nations, and definitely we could afford that much.

 

[FalconSlayers]

USA is a $20-ish trillion economy in today's time, Boeing didn't pop up today. China got their Tianjin plant when it was a $4 trillion economy. It is the 2nd largest aviation market while we're third and here people are celebrating government's incompetence.

This is the reality in front of us, if this comes up true then justifying importing 1700 of them and not building them here for weird excuses would be a sign of saste nashe.

Indian carriers to order 1,700 planes in next two plus years: CAPA India - Times of India

India Business News: NEW DELHI: Indian airlines could order upto 1,700 aircraft over the next few years, with Tata Group’s Air India accounting for nearly 500 of them and .

timesofindia.indiatimes.com

 

[abingdonboy]

Did you forget that US is $20T economy and EU in itself has really big economy.

Do you think it is a miracle for China to develop local assembly when they are building 2 airlines internally and are way ahead of us in that regards?

Moving the goalposts here. In mid-00s when China got approved for local assembly their economy was of a similar size as India today.

local assembly will take a minimum of 5-10 years to progress, by then india will be a 7-12 Trillion economy. Within 20 years it’ll be >$20 trillion

The inability to translate their kind of economic future into local assembly by using this deal as a kickstart is mind blowing. Cannot keep talking about exports and services

 

[SKC]

USA is a $20 trillion economy in today's time, Boeing didn't pop up today. China got their Tianjin plant when it was a $4 trillion economy. It is the 2nd largest aviation market while we're third and here people are celebrating government's incompetence.

This is the reality in front of us, if this comes up true then justifying importing them would be a sign of saste nashe.

Indian carriers to order 1,700 planes in next two plus years: CAPA India - Times of India

India Business News: NEW DELHI: Indian airlines could order upto 1,700 aircraft over the next few years, with Tata Group’s Air India accounting for nearly 500 of them and .

timesofindia.indiatimes.com

Tumhare kehne se kuch change nahi hone wala!

The first registered flight happened in US in 1908. They have over 100 yr of experience in Building air Plaines including military one and civilian one.
most of Eu had some airlines project which got bundled up eventually in form Airbus.

yahan Rone se kuch change na hone wale. Writing "reality is in front of us" is not going to transform anything here.

 

[jai jaganath]

Tumhare kehne se kuch change nahi hone wala!

The first registered flight happened in US in 1908. They have over 100 yr of experience in Building air Plaines including military one and civilian one.
most of Eu had some airlines project which got bundled up eventually in form Airbus.

yahan Rone se kuch change na hone wale. Writing "reality is in front of us" is not going to transform anything here.

Exactly nothing is gonna transform
This is a blunder and will remain a blunder

 

[abingdonboy]

Tumhare kehne se kuch change nahi hone wala!

The first registered flight happened in US in 1908. They have over 100 yr of experience in Building air Plaines including military one and civilian one.
most of Eu had some airlines project which got bundled up eventually in form Airbus.

yahan Rone se kuch change na hone wale. Writing "reality is in front of us" is not going to transform anything here.

No one is saying that Boeing or Airbus should move to India. Local assembly is a small crumb

 

[Haldilal]

Ya'll Nibbiars just Assembling a Narrow body aircraft will be a Hugh boost, We are not even assembling a turboprop, even the DO 228 has not happened in the civilian market till now.