Indian Economy: News and Discussion

[Azaad]

 

[Eagle Eye]

As long as we do not raise the level of low level contracts this shut will keep happening.
Quite the same thing transpired in Bundelkhand expressway.

Is there no punishment for this?

 

[Azaad]

 

[Haldilal]

Ya'll Nibbiars

 

[Suryavanshi]

Is there no punishment for this?

Who will punish?
I don't think it's Murica where you can sue the contractor and get a hearing that does not stretch over a decade.

 

[Eagle Eye]

Who will punish?
I don't think it's Murica where you can sue the contractor and get a hearing that does not stretch over a decade

Nitin Gadkari said we will get Amarica type of roads!

 

[Sayman Ame]

When the RBI, FinMin say that India's GDP now can mostly be hurt by external shocks, this is it:

India-Russia joint venture on Vande Bharat trains hits hurdle

The joint venture (JV) between Russian transportation giant Transmashholding (TNH) and Indian public sector undertaking (PSU) Rail Vikas Nigam Limited (RVNL) to manufacture Vande Bharat Express train sets, valued at nearly $3.63 billion (over ₹30,000 crore), has run into problems.

www.thehindu.com

The joint venture (JV) between Russian transportation giant Transmashholding (TNH) and Indian public sector undertaking (PSU) Rail Vikas Nigam Limited (RVNL) to manufacture Vande Bharat Express train sets, valued at nearly $3.63 billion (over ₹30,000 crore), has run into problems. The issue involves sanctions imposed on Russia, following the Russia-Ukraine war, by multiple countries that are spare parts suppliers for Vande Bharat trains.

In the interest of smoother movement of the project, which requires TMH and RVNL to manufacture 120 Vande Bharat train sets, each costing nearly ₹120 crore, officials said that RVNL had requested majority shareholding from TMH. Sources say that TMH has not agreed to this and has also, as a result, not deposited the bank guarantee of nearly ₹200 crore required for the project to get started.

“Many of these parts have to be imported from Western European and American manufacturers,” a senior RVNL official said. On May 22, the U.S. imposed sanctions on Metrovagonmash, a division of TMH, which specialises in manufacturing rolling stock for the Railways. It is also responsible for the maintenance of the rolling stock and spare parts.

While RVNL has a substantial share in the JV, the Indian PSU is vying for a majority stake as a confidence-building measure. “Many international suppliers and bankers are more confident if the Indian company has the majority share as many of these companies are being guided by sanctions imposed on Russia due to the Ukraine war. They are not comfortable dealing with Russia,” the official said.

 

[FalconSlayers]

India achieving current account surplus will help in a stable rupee and will cause India to mirror the Chinese growth pace. We've achieved current account surplus this quarter but we've to look whether we're able to sustain it or not.

 

[rockdog]

10-11% nominal GDP growth, 4-5% inflation. On top they had exports surplus hence their currency appreciated by 20-25% vs USD in those 4 years.

I remembered some time around 2005 or 2006, the USD to RMB changed from 8.2 to 6.5 over night.

 

[nixin]

I wonder how inflated is this total value of transactions considering dumb me and my dumb gf were fighting on paytm to pay for both of our train tickets from college to home.

Mods don't shift this to chit chat as this is also a serious concern which affect our economic statistics .

 

[Shuturmurg]

I wonder how inflated is this total value of transactions considering dumb me and my dumb gf were fighting on paytm to pay for both of our train tickets from college to home.

View attachment 208478

Mods don't shift this to chit chat as this is also a serious concern which affect our economic statistics .

 

[Hari Sud]

Computer Chip making in India

The ambitious plan to manufacture computer chips in India has run into rough weather; even though India is ready to give grants as high as $10 billion to anybody who will setup 28nm chip making. The Vedanta - Foxconn is ready but cannot find a technology parter to license its technology to manufacture. They hoped that the European technology major will supply the necessary technology but they are in no go situation today. The Intel - Tower (Israeli) is also in no go state as this partnership has run into commercial and corporate problems.

There is no third supplier or partnership on the horizon (See below).

Hence, the Indian effort to start chip making in India is all but stalled.

To me it appears that these could be nothing other than political problems centred around India not supporting the Europe and US in the Ukraine war. Europe and US want Indian support for Ukraine war or no chip making technology, if India does not.

The third alternative of Taiwan opening its chip making technology door to India is centred around Indian recognition of Taiwan against mainland Chinese wishes. That has been a no go possibility. Taiwan produces bulk (60%) of the world chips. They are very possessive of their technology.

Hence at this moment, all doors for chip making technology for India are shut.

 

[jai jaganath]

I wonder how inflated is this total value of transactions considering dumb me and my dumb gf were fighting on paytm to pay for both of our train tickets from college to home.

View attachment 208478

Mods don't shift this to chit chat as this is also a serious concern which affect our economic statistics .

Sorry for the post bro but can't resist
But seriously yeh kya hai
Take it lightly
Kaun hai yeh log kaha se ate hai
Giving us nibba nibbi vibes
Bhagawan app jeson ko ashirvad de aur apki unke sath hamesha keliye jud jay taki ese transactions paytm ko na dekhna pade

 

[RoaringTigerHiddenDragon]

Computer Chip making in India

The ambitious plan to manufacture computer chips in India has run into rough weather; even though India is ready to give grants as high as $10 billion to anybody who will setup 28nm chip making. The Vedanta - Foxconn is ready but cannot find a technology parter to license its technology to manufacture. They hoped that the European technology major will supply the necessary technology but they are in no go situation today. The Intel - Tower (Israeli) is also in no go state as this partnership has run into commercial and corporate problems.

There is no third supplier or partnership on the horizon (See below).

Hence, the Indian effort to start chip making in India is all but stalled.

To me it appears that these could be nothing other than political problems centred around India not supporting the Europe and US in the Ukraine war. Europe and US want Indian support for Ukraine war or no chip making technology, if India does not.

The third alternative of Taiwan opening its chip making technology door to India is centred around Indian recognition of Taiwan against mainland Chinese wishes. That has been a no go possibility. Taiwan produces bulk (60%) of the world chips. They are very possessive of their technology.

Hence at this moment, all doors for chip making technology for India are shut.

If the US is ok with manufacturing top defense technology in India, I don’t think they would be against chip companies manufacturing in India. The reality is our semicon ecosystem is simply not there and these companies don’t want to be the first to setup. They want to come into a somewhat established ecosystem like Apple did with mobile manufacturing. We first need to build up the electronics manufacturing and assembly. Then when that matures both for internal consumption and exports, then semicon can be thought of. The thing is despite demand Indian companies are simply unable to scale - solar panels are a great example. India just does not produce enough solar panels to meet the demand.
On one hand people say they cannot find jobs. On the other hand manufacturers are not able to scale. There is a skill set mismatch. 60% of people are still stuck in low paying rural jobs including agriculture. Clearly, we are not able to move a portion of them to manufacturing.

 

[Shuturmurg]

If the US is ok with manufacturing top defense technology in India, I don’t think they would be against chip companies manufacturing in India. The reality is our semicon ecosystem is simply not there and these companies don’t want to be the first to setup. They want to come into a somewhat established ecosystem like Apple did with mobile manufacturing. We first need to build up the electronics manufacturing and assembly. Then when that matures both for internal consumption and exports, then semicon can be thought of. The thing is despite demand Indian companies are simply unable to scale - solar panels are a great example. India just does not produce enough solar panels to meet the demand.
On one hand people say they cannot find jobs. On the other hand manufacturers are not able to scale. There is a skill set mismatch. 60% of people are still stuck in low paying rural jobs including agriculture. Clearly, we are not able to move a portion of them to manufacturing.

Solar Panel manufacturing we are expanding, but it will be 3-5 more years before we are able to satisfy local demand. Even then we will only be self sufficient in building panels from solar cells and testing them, we would still need to import cells, wafers and ingots as those are scaling from almost 0 and smaller investments are lined up for those.

Steps in solar manufacturing :

How are Solar Panels Made? | GreenMatch

Have you ever wondered the steps taken to produce solar panels?Read here all you need to know about solar panel fabrication process and its components!

www.greenmatch.co.uk

 

[NutCracker]

Solar Panel manufacturing we are expanding, but it will be 3-5 more years before we are able to satisfy local demand. Even then we will only be self sufficient in building panels from solar cells and testing them, we would still need to import cells, wafers and ingots as those are scaling from almost 0 and smaller investments are lined up for those.

Steps in solar manufacturing :

How are Solar Panels Made? | GreenMatch

Have you ever wondered the steps taken to produce solar panels?Read here all you need to know about solar panel fabrication process and its components!

www.greenmatch.co.uk

Lets hope Hindenberg saga hasnt created significant fund crunch for this endeavour.

Adani Solar introduces India’s first large sized monocrystalline silicon ingot

The monocrystalline ingots will drive indigenization to produce renewable electricity from Silicon based PV modules with efficiencies ranging from 21% to 24%

www.livemint.com

While the company’s initial production has already begun, it intends to add 2 GW of ingot and wafer capacity by the end of 2023. By 2025, it will scale up to 10 GW.

 

[TopWatcher]

Computer Chip making in India

The ambitious plan to manufacture computer chips in India has run into rough weather; even though India is ready to give grants as high as $10 billion to anybody who will setup 28nm chip making. The Vedanta - Foxconn is ready but cannot find a technology parter to license its technology to manufacture. They hoped that the European technology major will supply the necessary technology but they are in no go situation today. The Intel - Tower (Israeli) is also in no go state as this partnership has run into commercial and corporate problems.

There is no third supplier or partnership on the horizon (See below).

Hence, the Indian effort to start chip making in India is all but stalled.

To me it appears that these could be nothing other than political problems centred around India not supporting the Europe and US in the Ukraine war. Europe and US want Indian support for Ukraine war or no chip making technology, if India does not.

The third alternative of Taiwan opening its chip making technology door to India is centred around Indian recognition of Taiwan against mainland Chinese wishes. That has been a no go possibility. Taiwan produces bulk (60%) of the world chips. They are very possessive of their technology.

Hence at this moment, all doors for chip making technology for India are shut.

Doesn't ISRO manufacture chips for its own use. Govt can setup a company with help of ISRO.

Than why Govt not doing ?

 

[Atavistic]

How the dollar will fall. Demonstrated by grandpa Joe.

 

[Concard]

Doesn't ISRO manufacture chips for its own use. Govt can setup a company with help of ISRO.

Than why Govt not doing ?

ISRO manufactures chips? When did that happen? They design chips and outsource it to SCL in Chandigarh who still work on ahem ahem 180 nm obsolete node which was introduced in 1998. And most importantly ISRO doesn't have any chip designers par excellence, they design simple chips used in communications. For all the praise of ISRO by ignoramuses in our country most don't know ISRO is led by boomers who refused to change and adapt. Why doesn't ISRO have separate departments for Robotics, Electronics, Computer Science, Rocket propulsion, Material Science, Optics and so on like NASA? Every time they launch a rocket we are shown some terminal most likely developed in early 2000's. The organization is poorly run. ISRO promised to improve GSLV MK3 in 2015 taking it's payload lifting capacity from 4 tons to 6 tons to GTO. Until now, it hasn't happened. If we have a rocket which can lift 6 tons to GTO it will make us fully self reliant in rocket launches. Right now, we have to take the services of Ariane space for payload capacity above 4 tons to GTO.

Most of the idiots in our country who sing endless praises for IIT, IIM, ISRO and credit it to scumbag Nehru have scant understanding of how much we are lagging in many areas. Sucking the dick of Nehru and his family is far more important than understanding what is required of us to become self reliant in many crucial areas of technology. Semiconductor chip manufacturing is important for the country. The sooner we break ground on manufacturing a fab the better.

 

[sauntheninja]