Indian Economy: News and Discussion

[Concard]

Another potential packaging and assembly plant from semiconductor company. I hope it comes to fruition.

SK Hynix, Prominent South Korean Chipmaker, Likely To Set Up Chip Packaging Facility In India: Report

South Korean chipmaker SK Hynix is considering India's semiconductor manufacturing incentive scheme and is currently in contact with the Centre to explore the possibility of establishing a packaging facility in the country

swarajyamag.com

 

[Crazywithmath]

Ya'll Nibbiars addiction who?.

?
While gross gambling rates are indeed low in India; the share of regulars and gamble addicts are not - in fact, paper quoted in ToI pegs their share @ order of magnitude higher than what is generally observed globally. Dream11 has 16 crore active users - no way they are losing them overnight. Gormint knows that and hence using it as a cash cow; not too different from how they treat liquor and cigarettes. Also, there are states like Goa and Sikkim; who were witnessing drops in annual footfalls of tourists after online gambling became prominent and hence lobbied to get them taxed heavily.

Lastly, emerging sectors always experience erratic policymaking; remember the early days of e-commerce and edtechs? Over the years things get more consistent and predictable - that's just how babus work.

 

[Crazywithmath]

 

[Bhaubai]

 

[FalconSlayers]

 

[Atavistic]

AP4 Tech Park, Wagholi, PUNE.

 

[nongaddarliberal]

AP4 Tech Park, Wagholi, PUNE.

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With the construction boom going on, we are fast losing the window of opportunity to re build Indian architecture at a grand scale, if everyone keeps building modernist crap like this. None of these designs will stand the test of time beyond 20 years.

 

[Atavistic]

With the construction boom going on, we are fast losing the window of opportunity to re build Indian architecture at a grand scale, if everyone keeps building modernist crap like this. None of these designs will stand the test of time beyond 20 years.

Creating jobs is imp. Fcuk those grand design as of now.

 

[AK047]

I am definitely not suggesting that recent investments in India will propel India into the next manufacturing hub anytime soon but it’s enough to make the Chinese shit their pants. Have been seeing a lot of Chinese propaganda’s videos on demeaning the recent advancements in manufacturing and infra

 

[nongaddarliberal]

Creating jobs is imp. Fcuk those grand design as of now.

Nothing grand needed. Just a different design and different materials with the same budget would do wonders. And there is no "right now". These brutalist buildings once made will be there for decades to come, similar to the kruschevka apartments in Russia serving as eyesores till date.

Overall it's a wider pan Asia cultural problem. ASEAN countries and China made the same mistake.

 

[shade]

Another potential packaging and assembly plant from semiconductor company. I hope it comes to fruition.

SK Hynix, Prominent South Korean Chipmaker, Likely To Set Up Chip Packaging Facility In India: Report

South Korean chipmaker SK Hynix is considering India's semiconductor manufacturing incentive scheme and is currently in contact with the Centre to explore the possibility of establishing a packaging facility in the country

swarajyamag.com

https://indianexpress.com/article/business/semiconductor-manufacturing-in-india-south-korean-chipmaker-sk-hynix-8828128/

I will temper the "garmi" of the people here to prevent a future KLPD about this news, which is "sutro se pata chala hai"

In response to a query, a SK Hynix spokesperson said it was yet to take a concrete decision regarding its India investments. “There is no concrete decision or an ongoing process with regard to investments in India,” the spokesperson said.

Perhaps we will only get confirmation when Gobi baba is invited to some State Visit in the land of these makgeoli enjoyers

I am definitely not suggesting that recent investments in India will propel India into the next manufacturing hub anytime soon but it’s enough to make the Chinese shit their pants. Have been seeing a lot of Chinese propaganda’s videos on demeaning the recent advancements in manufacturing and infra

Chings fear us because we have the "Large growing consumer market" aspect that they currently have.
Vietnam doesn't because of 100 million people population and huge Chinese supplier dependency.

Vietnam is not exactly a China replacement for the same reason, It has the commie one party top-to-bottom control and no democracy bullshit but it's not especially innovative or a US vassal state to move into the big leagues.

 

[Atavistic]

Nothing grand needed. Just a different design and different materials with the same budget would do wonders. And there is no "right now". These brutalist buildings once made will be there for decades to come, similar to the kruschevka apartments in Russia serving as eyesores till date.

Overall it's a wider pan Asia cultural problem. ASEAN countries and China made the same mistake.

Tujhe pasand hai tu bana bhai. Jinko kaam karna hai vo kahi bhi kar sakta hai. For the people who come from Tier 2 -3 cities to Tier 1 cities to work in these buildings , these buildings are luxury and std for them.

 

[nongaddarliberal]

Tujhe pasand hai tu bana bhai. Jinko kaam karna hai vo kahi bhi kar sakta hai. For the people who come from Tier 2 -3 cities to Tier 1 cities to work in these buildings , these buildings are luxury and std for them.

LOL ok. Now I remember I've interacted with your account before with similar language from your end.

 

[shade]

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

Chings are cheapest and that is why they dominate everywhere.
The suit-boots have to compete in the market and since other players also do expenses min and profit max by using Chinese suppliers and subcomponents, you have to do too.

It's a race to the bottom with the bat-munchers.

Atleast Mukesh had some shame ( j/k, he got a better deal ) and built out the OG Jio 4G network on Samsung hardware, rather that Huawei ZTE like Lodafone and Airtel were doing because they were cheaper + better credit than Ericcsson and Nokia

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

They are a commie one party state with a homogenous population speaking the same language.
They don't have the Democrazy related (((inefficiencies))) like

• Random villager mobs protesting either while acquiring land or over POLLUSHAN like it happened with Vedanta's copper smelting plant
• The related PIL filers, NGOs and media whores doing a circus over any protest
• Union leaders behaving like gundas and workers going on strike whenever they wish
• Workers rioting in factory and thrashing shit
• Random ass Tax related farmans because a certain depressed woman minister has received new "targets" from her boss
• Half-assed govt support
• Shit infrastructure from getting inputs, producing outputs and shipping outputs to their destination.

Vietnamese govt gave Samsung an unironic 10 year Tax-Holiday for them to shift their manufacturing there.
Imagine our Gobi giving ANY foreign company a 10 year tax-holiday and the ensuing Cong RR and DILLI CHALLO protests over it

 

[nongaddarliberal]

Just as an illustration, the opportunity cost we're paying by going for brutalism rather than traditional. Such buildings can be made at similar or lower cost to the glass stuff.

 

[shade]

Just as an illustration, the opportunity cost we're paying by going for brutalism rather than traditional. Such buildings can be made at similar or lower cost to the glass stuff.

View attachment 214169

They can also be a bit creative and make buildings like Taipei 101 if going for pure traditional aesthetics but for modern buildings
It's not any cohencidence that it looks like an extra tall Chinese pagoda, it's by design

In any case the building images that atavistic has posted look good, i've seen more shittier (((modernist))) buildings irl that are an eyesore.

 

[shade]

You musn't overdo spitting out bullshit jhumlas because eventually nobody takes you seriously

WE IZ GONNA SETUP 4-5 FAB UNITS N SHEEEIT DAS RITE

Foxconn in talks to set up 4-5 semiconductor fab units in India: Report

The move comes after the firm announced its decision to withdraw from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta.

www.businesstoday.in

Foxconn has also put up a list of FAQs which don't actually answer anything much

Foxconn share its future plans for India after parting ways with Vedanta

Taiwan's Foxconn plans to apply for incentives under India's semiconductor manufacturing plan after ending its $19.5bn chipmaking joint venture with Vedanta. Foxconn said it remains committed to investing in India

www.livemint.com

There should be legally enforced penalties for timepass like this.

If they actually are serious then this could lend credence to the rumour that GoI was interested in Foxconn and not Vedanta setting up fabs here.

 

[Hari Sud]

End of Vedanta - Foxconn Project

In the withdrawal of Vedanta - Foxconn collaboration which was high on project collaboration suddenly collapsed. I am trying to guess whether American government’s lack of interest in high technology manufacture in India had anything to do with it. They could have sabotaged this project thru their infamous lack of approval for export of any American made items. They can always call it security risk. Alternatively, they could have advised the technology supplier MT Electronics of Europe, to not collaborate in setting up a FAB unit in India. Something, less commercial and more political has happened for a sudden collapse of the proposal. Try not to blame India for red tape or otter stupidities etc. India was waiting with $10 billion in PLI incentives and PM’s office was directly handing this money disbursement.

Both Foxconn and Vedanta have spent huge amount of energy and is likely to go waste. Although, they are making a beeline to something similar or lesser elsewhere in India.

To me it appears all politics, not commercial undoing.

 

[shade]

End of Vedanta - Foxconn Project

In the withdrawal of Vedanta - Foxconn collaboration which was high on project collaboration suddenly collapsed. I am trying to guess whether American government’s lack of interest in high technology manufacture in India had anything to do with it. They could have sabotaged this project thru their infamous lack of approval for export of any American made items. They can always call it security risk. Alternatively, they could have advised the technology supplier MT Electronics of Europe, to not collaborate in setting up a FAB unit in India. Something, less commercial and more political has happened for a sudden collapse of the proposal. Try not to blame India for red tape or otter stupidities etc. India was waiting with $10 billion in PLI incentives and PM’s office was directly handing this money disbursement.

Both Foxconn and Vedanta have spent huge amount of energy and is likely to go waste. Although, they are making a beeline to something similar or lesser elsewhere in India.

To me it appears all politics, not commercial undoing.

Vedanta has a lot of debts and Anil Aggarwal is a shady character.
That company doesn't inspire confidence even if you're a tech provider like STMicroelectronics.

You don't need any Americunt saazish for the collapse of this deal on hollow foundations, what we were targetting were low end 40nm manufacturing capabilities, burgers don't care about this.

It is Vedanta at fault, it's such a dubious firm that no microntroller producer wants to buddy up with them as a tech partner.
Which is why Foxconn dumped them.

British Citizen Anil Aggarwal in all likelihood was going to pull a fast one on GoI using the subsidies.

 

[SKC]

They can also be a bit creative and make buildings like Taipei 101 if going for pure traditional aesthetics but for modern buildings
It's not any cohencidence that it looks like an extra tall Chinese pagoda, it's by design

View attachment 214170

In any case the building images that atavistic has posted look good, i've seen more shittier (((modernist))) buildings irl that are an eyesore.

Gems of Indian designs: