Indian Economy: News and Discussion

[thebakofbakchod]

RPower places $8.29-bn order with Shanghai Electric

Reliance Power has placed a $8.29-billion order with Shanghai Electric for equipment to generate 23,760 MW power.

economictimes.indiatimes.com

China firms power rising Indian empire

As the four-seater private jet turns the final arc before touching down at India's largest private port on the tip of the western bulge on the Arabian Sea, rows of giant cranes loom into view, glistening in the mid-morning sun.

www.scmp.com

People dont talk enough about how almost every Indian industrialists during our boom phase wholesale outsourced construction and equipment supplies to the Cheenis. Adani, Ambani and Vedanta are the worst offenders. Adani still does this to this day

 

[Haldilal]

Ya'll Nibbiars The Online Gambling/Gaming Indiustry is dead for good The 100 to play on 72 pot entry 28 percent Gross GST, and if they win 54 after platform fees, they will pay 30 percent TDS on that. And like that the Gambling industry is taken down not in the court rooms but by the taxes.

GST Council agrees to levy 28% tax on online gaming, leaves industry unhappy - Times of India

The Goods and Services Tax Council has imposed a 28% tax on online gaming, casinos and horse racing in India. The decision was made after the council’

timesofindia.indiatimes.com

 

[thebakofbakchod]

Construction of first eco-industrial park in Bac Ninh starts

Hanaka Group JSC has commenced construction of the first eco-industrial park in the northern province of Bac Ninh.

en.vietnamplus.vn

I am very curious as to why private industrial parks in India are not a thing. The only exception i can think of is Reliance MET. This is one of the biggest reasons why Industrial parks in Vietnam looks 100x cleaner, greener than Indian industrial parks. babooze should stop taking trips to Singapore and go to vietnam instead and replicate this

Even their govt owned IPs have excellent road infrastructure and are clean and green. Meanwhile if you zoom into most IPs in India, you can literally see the filth and garbage from satellite imagery. I wonder how much life expectancy is shaved off for the workers toiling there.

 

[FalconSlayers]

Construction of first eco-industrial park in Bac Ninh starts

Hanaka Group JSC has commenced construction of the first eco-industrial park in the northern province of Bac Ninh.

en.vietnamplus.vn

I am very curious as to why private industrial parks in India are not a thing. The only exception i can think of is Reliance MET. This is one of the biggest reasons why Industrial parks in Vietnam looks 100x cleaner, greener than Indian industrial parks. babooze should stop taking trips to Singapore and go to vietnam instead and replicate this


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Even their govt owned IPs have excellent road infrastructure and are clean and green. Meanwhile if you zoom into most IPs in India, you can literally see the filth and garbage from satellite imagery. I wonder how much life expectancy is shaved off for the workers toiling there.

Large scale manufacturing in India is a boat that sailed long ago. This government is more interested in bringing big contractors than help MSMEs. MSMEs in china are leaps and bounds ahead when it comes to supplying stuff.

 

[FalconSlayers]

Nimo Tai working overnight making sure your only manufacturing success gets sour.

 

[FalconSlayers]

 

[jai jaganath]

Construction of first eco-industrial park in Bac Ninh starts

Hanaka Group JSC has commenced construction of the first eco-industrial park in the northern province of Bac Ninh.

en.vietnamplus.vn

I am very curious as to why private industrial parks in India are not a thing. The only exception i can think of is Reliance MET. This is one of the biggest reasons why Industrial parks in Vietnam looks 100x cleaner, greener than Indian industrial parks. babooze should stop taking trips to Singapore and go to vietnam instead and replicate this


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Even their govt owned IPs have excellent road infrastructure and are clean and green. Meanwhile if you zoom into most IPs in India, you can literally see the filth and garbage from satellite imagery. I wonder how much life expectancy is shaved off for the workers toiling there.

But one thing fascinates me is that being such a small nation they export merchandise goods equivalent to us

 

[Concard]

Can someone tell MBA executives that there is no such thing as Artificial intelligence? People who are working in the field call that as "Machine Learning". No, you can't train people on AI because it doesn't exist. You want to train people on Machine learning? It's not possible. You can't train them. It is a broad field which requires good mathematical skills to get started. Maybe you can train them in data analytics and data visualization. MBA level executives and ones who are in leadership board of many companies are speaking about what they call "AI" without a clue about what underpins the technology. Everyone wants to jump on the next AI hype train these days.

Wipro and other big Indian service companies should learn to inculcate the habit of building products and derive revenue from it. How long they are going to milk the IT services from foreign clients? By now, they should have had few SaaS products on all 3 big cloud providers. But none are working even close to that.

 

[sauntheninja]

Nimo Tai working overnight making sure your only manufacturing success gets sour.

In return we get to drive our expensive cars in our shitty roads

 

[FalconSlayers]

Scanty rains diminish India's sugar output, export prospects

Scanty rains diminish India's sugar output, export prospects

Sugarcane growers in India's top producing states are worried scanty rainfall during the crop's crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

www.reuters.com

 

[jai jaganath]

Nimo Tai working overnight making sure your only manufacturing success gets sour.

Earlier cess was 20 if I am not wrong

 

[ezsasa]

Can someone tell MBA executives that there is no such thing as Artificial intelligence? People who are working in the field call that as "Machine Learning". No, you can't train people on AI because it doesn't exist. You want to train people on Machine learning? It's not possible. You can't train them. It is a broad field which requires good mathematical skills to get started. Maybe you can train them in data analytics and data visualization. MBA level executives and ones who are in leadership board of many companies are speaking about what they call "AI" without a clue about what underpins the technology. Everyone wants to jump on the next AI hype train these days.

Wipro and other big Indian service companies should learn to inculcate the habit of building products and derive revenue from it. How long they are going to milk the IT services from foreign clients? By now, they should have had few SaaS products on all 3 big cloud providers. But none are working even close to that.

it's not their business model to develop products, their business model is body shopping. instead of altering their core business of body shopping model, Wipro as a company is investing in startups.

Read about the Different Wipro Ventures

Discover how Wipro Ventures drives innovation and growth by making strategic investments in cutting-edge technologies and promising startups. Explore our portfolio today

www.wipro.com

 

[ezsasa]

Nimo Tai working overnight making sure your only manufacturing success gets sour.

our vehicle manufacturing sector is not so weak that a policy clarification on SUV definition and 2% hike in cess will turn "success into sour". have some confidence in crores of people who built this industry for decades.

 

[FalconSlayers]

our vehicle manufacturing sector is not so weak that a policy clarification on SUV definition and 2% hike in cess will turn "success into sour". have some confidence in crores of people who built this industry for decades.

Thats why I used the word sour, instead of collapse. Automobile sales growth alone can help us a lot in increasing industrial production since they're like half of the entire manufacturing output of India.

 

[ezsasa]

Thats why I used the word sour, instead of collapse. Automobile sales growth alone can help us a lot in increasing industrial production since they're like half of the entire manufacturing output of India.

my argument is that 2% additional cess on scorpio type vehicles will not effect sales.

picked this random numbers from march 2023 car sales. out of 20, 5 fall in this 2% additional cess category.

whether industry will be happy with this clarification so that they don't have to go to arbitration tribunal for every SUV model, to get it classified for tax rate is debatable.

 

[Butter Chicken]

Scanty rains diminish India's sugar output, export prospects

Scanty rains diminish India's sugar output, export prospects

Sugarcane growers in India's top producing states are worried scanty rainfall during the crop's crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

www.reuters.com

Scanty rains?

 

[Shuturmurg]

Construction of first eco-industrial park in Bac Ninh starts

Hanaka Group JSC has commenced construction of the first eco-industrial park in the northern province of Bac Ninh.

en.vietnamplus.vn

I am very curious as to why private industrial parks in India are not a thing. The only exception i can think of is Reliance MET. This is one of the biggest reasons why Industrial parks in Vietnam looks 100x cleaner, greener than Indian industrial parks. babooze should stop taking trips to Singapore and go to vietnam instead and replicate this


View attachment 214029

View attachment 214030

View attachment 214031

View attachment 214032

Even their govt owned IPs have excellent road infrastructure and are clean and green. Meanwhile if you zoom into most IPs in India, you can literally see the filth and garbage from satellite imagery. I wonder how much life expectancy is shaved off for the workers toiling there.

They look cleaner because vietnamese are fundamentally cleaner people than us. Visit Vietnam you can see it for yourself.

 

[Crazywithmath]

Ya'll Nibbiars The Online Gambling/Gaming Indiustry is dead for good The 100 to play on 72 pot entry 28 percent Gross GST, and if they win 54 after platform fees, they will pay 30 percent TDS on that. And like that the Gambling industry is taken down not in the court rooms but by the taxes.

GST Council agrees to levy 28% tax on online gaming, leaves industry unhappy - Times of India

The Goods and Services Tax Council has imposed a 28% tax on online gaming, casinos and horse racing in India. The decision was made after the council’

timesofindia.indiatimes.com

You are underestimating addicts; there is a reason they are taxing the eff out of it.

 

[Haldilal]

You are underestimating addicts; there is a reason they are taxing the eff out of it.

Ya'll Nibbiars addiction who?.

 

[SKC]

TIL Godrej is into Aerospace

Godrej Aerospace eyes parts deal with Airbus, Boeing suppliers amid soaring India plane orders

Godrej Aerospace is holding talks to manufacture aviation components and parts for suppliers of Boeing and Airbus. The discussions are taking place as airlines confirm the highest number of plane orders to date. India‘s Air India and IndiGo have orders for almost 1,000 new aircraft, meaning...

economictimes.indiatimes.com

Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar

Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian company said.

www.reuters.com

They are also setting up a new Aerospace factory.

Godrej & Boyce announces a new facility at Khalapur in Maharashtra - ET Infra

Godrej Group: Anil G Varma, Executive director & chief Executive director said to ETInfra, "With the 4 times the area of the existing facility of Vikhroli, the production capacity of the new facility will be 4 times as per the demand and as per the launches as the capacity is not the problem.

infra.economictimes.indiatimes.com

They are in this field for long time. Didn't you check out ISRO thread?
They are manufacturer for many parts for Indian Space program.