Indian Economy: News and Discussion

Sanatani

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No, the Indian manufacturer had the required expertise and experience. They had been in this business for decades. They just overestimate their capability of meeting the deadline.



Well, that is always the question: how much more research required on the design? Can you give a relatively precise estimation?
One of the major issues we have with Indian engineers or manufacturer is: they are always terribly optimistic about their products or projects. Long time delay seems be part of their work. They think it is not a big deal, but it is serious problem to us and our clients. When you ask for patience, you are actually asking for a big amount of money. Today is a globalisation era, you think you have some good idea or design, there are lots of people are working on the similar design or idea. If you can't put your product into market before them, you are wasting all your investors' money. You failed deadline once, no one trust you anymore. Investors will only be less patient to you next time.

Time is money, patience is also money.
Bhai ,if the manufacturer had the required expertise how can they overestimate their capability. They must have an idea about the time required for an idea to become a design and then a marketable product. The only other reason can be that they were not dedicated to their job.
I agree that time is money . When I speak about patience it doesn't means wasting time but better to bring out a good product rather than one with multiple complains which again is bad for Goodwill.
In today's world no one can expect to delay projects ,and still remain in the race. Indian manufacturers had this laid back attitude that's why we fell behind in manufacturing.
 

Sanatani

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That's where quality control comes into play to see that a MVP is made in the shortest possible time which has to be followed by the final product .
 

no smoking

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Bhai ,if the manufacturer had the required expertise how can they overestimate their capability. They must have an idea about the time required for an idea to become a design and then a marketable product. The only other reason can be that they were not dedicated to their job.
It all come to one issue - project management: not only managing the things within their factory, but also those outside. For example, one of their major supplier got problem, it took them 2 weeks to find the alternative. 2 weeks is not a long period, but here you got 2 weeks, there you got 3 days, you will end up with a huge delay.

I agree that time is money . When I speak about patience it doesn't means wasting time but better to bring out a good product rather than one with multiple complains which again is bad for Goodwill.
That is typical R&D staffs concept: late rather than bad. The reality is: the good product in developer's eyes is not necessarily good with customers. In most of cases, we have to spend a lots of resources to improve the products based on customers' review and make it mature. A lot of details won't be thought about in developing stage and a lot of issues will only appear in the production. So, generally, those delayed products won't get the chance of improving.
 

Roshan

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Cabinet Approves Amendments In Essential Commodities Act, To Lift Regulations On Storage And Export

The Union Cabinet approved amendments to the Essential Commodities Act to extend benefits to the farmers in the country, Union Minister Prakash Javadekar said on Wednesday (3 June).

“We have made farmer friendly amendments to the Essential Commodities Act,” he said.

Addressing the media at the cabinet briefing, Javadekar said, through the amendments, regulatory environment on agricultural products is going to be liberalised for farmers so that they can store or export their commodities without any restrictions and sell them at good price.

Food grains, oil, pulses, oilseeds, potato and other items have been removed from the Essential Commodities Act. “The farmer can now export or store these commodities as he wishes. These are our farmers’ demands pending for nearly 50 years now,” he said.

Terming it a landmark move to benefit crores of Indian farmers, Javadekar said the Act was formed (in 1955) at a time when there was shortage of agricultural production in the country. However, a law to put restrictions on farmer was not required now when in fact there was excess of production, the Minister said.

However, the Minister made it clear that during an emergency-like situation such as natural calamity or a war with another country can the regulations be re-imposed.

Prime Minister Narendra Modi on Tuesday had chaired the Cabinet meeting to decide on a number issues amid the ongoing COVID-19 crisis the country has been dealing with.

Union Minister for Agriculture Narendra Singh Tomar was also present at the press briefing.


good move and about time me thinks. it should put a stop to wildly fluctuating prices of foodgrains, pulses and vegetables.
 

IndianHawk

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In a display of #Indian #manufacturing prowress : #BajajAuto, TVS capture 40% of market share from #Chinese firms in #African two-wheeler market


Vocal for local: #India launches $6.7 bn plan to boost Electronics manufacturing

This is the result of scale. We are now largest manufacturer of two wheelers in the world surpassed china few years ago. So naturally now we can export two wheelers at lower rates than China by taking advantage of our scale. We might wipe out china from these markets.

This is what china has been doing for last 20 years . Now we have beaten them in their own game.

This story will keep reporting in electronics , in textile , in toys and ultimately everything.
 

Rxbanda

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This is the result of scale. We are now largest manufacturer of two wheelers in the world surpassed china few years ago. So naturally now we can export two wheelers at lower rates than China by taking advantage of our scale. We might wipe out china from these markets.

This is what china has been doing for last 20 years . Now we have beaten them in their own game.

This story will keep reporting in electronics , in textile , in toys and ultimately everything.
Textiles also? Aren't we doing bad in this in the last few years? China's textile exports decreased in the last few years, but this was taken over more by Bangladesh and Vietnam. We lost it there...
 

Gautam Sarkar

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This is the result of scale. We are now largest manufacturer of two wheelers in the world surpassed china few years ago. So naturally now we can export two wheelers at lower rates than China by taking advantage of our scale. We might wipe out china from these markets.

This is what china has been doing for last 20 years . Now we have beaten them in their own game.

This story will keep reporting in electronics , in textile , in toys and ultimately everything.
How do we move up the value chain though ?
 

IndianHawk

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Textiles also? Aren't we doing bad in this in the last few years? China's textile exports decreased in the last few years, but this was taken over more by Bangladesh and Vietnam. We lost it there...
Yup but now we have done away with labour laws in many States . UP alone might overtake Bangladesh now. We were artificially restricted by labor laws now they are gone we will ramp up in just 2-3 years.
 

IndianHawk

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How do we move up the value chain though ?
Once you have scale you can outright purchase higher value / tech companies . Like tata got jaguars. And
TVS has just brought Norton . Which is a high end luxury motorcycle brand. Assimilation of these high tech companies is one path to move up.

Another path is too incentives high tech companies to build in India which is through incentives , tax breaks , relaxing limits etc. Which is exactly what recent electronic package does.

Another method is to first bring simple assembly here and then focus on bringing high tech components here too one by one. Which is what we are doing in smartphone industry. Earlier it was just assembly now pcb , screens , cables lots of building in India as components manufacturers are moving in.
 

Gautam Sarkar

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Once you have scale you can outright purchase higher value / tech companies . Like tata got jaguars. And
TVS has just brought Norton . Which is a high end luxury motorcycle brand. Assimilation of these high tech companies is one path to move up.

Another path is too incentives high tech companies to build in India which is through incentives , tax breaks , relaxing limits etc. Which is exactly what recent electronic package does.

Another method is to first bring simple assembly here and then focus on bringing high tech components here too one by one. Which is what we are doing in smartphone industry. Earlier it was just assembly now pcb , screens , cables lots of building in India as components manufacturers are moving in.
Speaking of which :

Foxconn, Oppo, others may go for 41k-cr PLI sops

ET Bureau|Last Updated: Jun 03, 2020, 09.08 AM IST

NEW DELHI: Top global players such as Foxconn and Wistron, manufacturers of Apple phones, Flex, Samsung, Oppo and Vivo are likely to apply for a production-linked incentive scheme (PLI) worth Rs 41,000 crore as part of India’s massive push to wean away companies from China and emerge as the world’s hub for electronics production.

“There are five to six companies which control 80% of smartphone manufacturing across the globe… initially, we wish to help (these) five global champions in establishing a wide manufacturing base in the country,” IT and telecom minister RS Prasad said at a briefing Tuesday. “The scheme will also initially help develop five domestic champions.”

Prasad dispelled concerns that India’s policy of self-reliance was inward looking, saying, “A self-reliant robust India is not against any country,” and added that the government hopes to ramp up exports of mobile phones from the country to $110 billion from the current under $3 billion.

Tuesday, the government started inviting applications for three schemes—PLI, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme—offering a total of Rs 50,000 crore worth of incentives to attract global mobile device makers and boost local companies for electronics manufacturing. The PLI scheme, under which Rs 40,951 crore can be given out as graded incentives to domestic as well as global companies over the next five years, makes a bulk of the offerings.

“We have achieved a modest success in making India the second largest manufacturer of mobile phones in the last six years and today we are announcing these schemes to make India the largest producer,” Prasad said.

Ajay Sahni, secretary at the ministry of electronics and information technology, added that India wants to achieve a significant ramp up in its electronics manufacturing base, in line with China and South Korea.

The minister didn’t divulge names of any companies that had evinced interest but officials said that all major global players including Apple, Samsung, Oppo, Vivo, Xiaomi, Foxconn, Wistron and Flex had shown interest in applying.

Mails to Apple, Samsung, Oppo, Vivo and Foxconn went unanswered.

Handset market leader Xiaomi's chief operating officer for India, Muralikrishnan B, said that the schemes, especially SPECS that helps overcome disabilities of manufacturing electronic components in India, “will provide the needed impetus to increase the manufacturing capacity of the country”.
Flex and Wistron, and industry associations such as India Cellular and Electronics Association (ICEA), which represents handset brands such as Xiaomi, Oppo, Vivo, Apple and Lava, and contract manufactures such as Foxconn, termed the development as a game changer for the industry.

In a statement, David Shen, CEO of Wistron India, said, “Wistron is looking forward to further expanding our customer base in India”. Wistron makes Apple iPhones on the outskirts of Bengaluru.

Arijit Sen, director at US contract manufacturer Flex, said that the industry must identify the low-hanging fruits which can be brought to India in the near term.

“We can't manufacture every part of every product. But the three areas in the ESDM (electronics system design & manufacturing) sector which can be brought to India in two years’ time are PCBAs (printed circuit board assembly), display and the energy source (or battery packs),” Sen said in an industry webinar on Tuesday.

Flex India runs three factories in India, which manufacture smartphones for Xiaomi, Motorola and Lenovo.

Sen added that India needed to revisit some free-trade agreements (FTAs), which allow zero duty export to India. “For example, due to the Indo-Asean FTA, many countries are routing their products to India via Vietnam.”

Hari Om Rai, chairman of domestic handset brand Lava, said the schemes would help the company to acquire skills and technologies for global competitiveness.

Contract manufacturer Dixon, which currently manufactures for Samsung, Xiaomi and Panasonic, said it is going through the guidelines and will soon apply for the scheme.

Under the PLI scheme, to avail the graded incentives ranging between 4% and 6% over a five year period, foreign manufacturers will have to produce high-end phones (with freight on board value of more than $200) of more than Rs 4,000 crore over and above their production level in the base year.
In the second, third, fourth and fifth years, manufacturers will have to produce phones worth Rs 8,000 crore, Rs 15,000 crore, Rs 20,000 crore and Rs 25,000 crore over the base year production value to avail the incentives.





Besides Mobile phones, the specified components that will be covered under the scheme include

  • SMT(Surface Mount Technologies) components,
  • Discrete semiconductor devices including transistors, diodes, thyristors, etc.
  • Passive components including resistors, capacitors, etc. for electronic applications Printed Circuit Boards (PCB), PCB laminates, prepregs, photopolymer films, PCB printing inks
  • Sensors, transducers, actuators, crystals for electronic applications
  • System in Package (SIP)
  • Micro / Nano-electronic components such as Micro Electromechanical Systems (MEMS) and Nano Electromechanical Systems (NEMS)
  • Assembly, Testing, Marking and Packaging (ATMP) units
 

IndianHawk

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Speaking of which :

Foxconn, Oppo, others may go for 41k-cr PLI sops

ET Bureau|Last Updated: Jun 03, 2020, 09.08 AM IST

NEW DELHI: Top global players such as Foxconn and Wistron, manufacturers of Apple phones, Flex, Samsung, Oppo and Vivo are likely to apply for a production-linked incentive scheme (PLI) worth Rs 41,000 crore as part of India’s massive push to wean away companies from China and emerge as the world’s hub for electronics production.

“There are five to six companies which control 80% of smartphone manufacturing across the globe… initially, we wish to help (these) five global champions in establishing a wide manufacturing base in the country,” IT and telecom minister RS Prasad said at a briefing Tuesday. “The scheme will also initially help develop five domestic champions.”

Prasad dispelled concerns that India’s policy of self-reliance was inward looking, saying, “A self-reliant robust India is not against any country,” and added that the government hopes to ramp up exports of mobile phones from the country to $110 billion from the current under $3 billion.

Tuesday, the government started inviting applications for three schemes—PLI, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme—offering a total of Rs 50,000 crore worth of incentives to attract global mobile device makers and boost local companies for electronics manufacturing. The PLI scheme, under which Rs 40,951 crore can be given out as graded incentives to domestic as well as global companies over the next five years, makes a bulk of the offerings.

“We have achieved a modest success in making India the second largest manufacturer of mobile phones in the last six years and today we are announcing these schemes to make India the largest producer,” Prasad said.

Ajay Sahni, secretary at the ministry of electronics and information technology, added that India wants to achieve a significant ramp up in its electronics manufacturing base, in line with China and South Korea.

The minister didn’t divulge names of any companies that had evinced interest but officials said that all major global players including Apple, Samsung, Oppo, Vivo, Xiaomi, Foxconn, Wistron and Flex had shown interest in applying.

Mails to Apple, Samsung, Oppo, Vivo and Foxconn went unanswered.

Handset market leader Xiaomi's chief operating officer for India, Muralikrishnan B, said that the schemes, especially SPECS that helps overcome disabilities of manufacturing electronic components in India, “will provide the needed impetus to increase the manufacturing capacity of the country”.
Flex and Wistron, and industry associations such as India Cellular and Electronics Association (ICEA), which represents handset brands such as Xiaomi, Oppo, Vivo, Apple and Lava, and contract manufactures such as Foxconn, termed the development as a game changer for the industry.

In a statement, David Shen, CEO of Wistron India, said, “Wistron is looking forward to further expanding our customer base in India”. Wistron makes Apple iPhones on the outskirts of Bengaluru.

Arijit Sen, director at US contract manufacturer Flex, said that the industry must identify the low-hanging fruits which can be brought to India in the near term.

“We can't manufacture every part of every product. But the three areas in the ESDM (electronics system design & manufacturing) sector which can be brought to India in two years’ time are PCBAs (printed circuit board assembly), display and the energy source (or battery packs),” Sen said in an industry webinar on Tuesday.

Flex India runs three factories in India, which manufacture smartphones for Xiaomi, Motorola and Lenovo.

Sen added that India needed to revisit some free-trade agreements (FTAs), which allow zero duty export to India. “For example, due to the Indo-Asean FTA, many countries are routing their products to India via Vietnam.”

Hari Om Rai, chairman of domestic handset brand Lava, said the schemes would help the company to acquire skills and technologies for global competitiveness.

Contract manufacturer Dixon, which currently manufactures for Samsung, Xiaomi and Panasonic, said it is going through the guidelines and will soon apply for the scheme.

Under the PLI scheme, to avail the graded incentives ranging between 4% and 6% over a five year period, foreign manufacturers will have to produce high-end phones (with freight on board value of more than $200) of more than Rs 4,000 crore over and above their production level in the base year.
In the second, third, fourth and fifth years, manufacturers will have to produce phones worth Rs 8,000 crore, Rs 15,000 crore, Rs 20,000 crore and Rs 25,000 crore over the base year production value to avail the incentives.





Besides Mobile phones, the specified components that will be covered under the scheme include

  • SMT(Surface Mount Technologies) components,
  • Discrete semiconductor devices including transistors, diodes, thyristors, etc.
  • Passive components including resistors, capacitors, etc. for electronic applications Printed Circuit Boards (PCB), PCB laminates, prepregs, photopolymer films, PCB printing inks
  • Sensors, transducers, actuators, crystals for electronic applications
  • System in Package (SIP)
  • Micro / Nano-electronic components such as Micro Electromechanical Systems (MEMS) and Nano Electromechanical Systems (NEMS)
  • Assembly, Testing, Marking and Packaging (ATMP) units
Yup that's how do it.
Once you have huge components building ecosystem. All auxiliaries such as data cable , chargers , spare parts , cover , temperate screen , guard all will start building in India itself.

This base will also feed into laptop ,tablet , smartwatch manufacturing.
 

Gautam Sarkar

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su35

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Cabinet Approves Amendments In Essential Commodities Act, To Lift Regulations On Storage And Export

The Union Cabinet approved amendments to the Essential Commodities Act to extend benefits to the farmers in the country, Union Minister Prakash Javadekar said on Wednesday (3 June).

“We have made farmer friendly amendments to the Essential Commodities Act,” he said.

Addressing the media at the cabinet briefing, Javadekar said, through the amendments, regulatory environment on agricultural products is going to be liberalised for farmers so that they can store or export their commodities without any restrictions and sell them at good price.

Food grains, oil, pulses, oilseeds, potato and other items have been removed from the Essential Commodities Act. “The farmer can now export or store these commodities as he wishes. These are our farmers’ demands pending for nearly 50 years now,” he said.

Terming it a landmark move to benefit crores of Indian farmers, Javadekar said the Act was formed (in 1955) at a time when there was shortage of agricultural production in the country. However, a law to put restrictions on farmer was not required now when in fact there was excess of production, the Minister said.

However, the Minister made it clear that during an emergency-like situation such as natural calamity or a war with another country can the regulations be re-imposed.

Prime Minister Narendra Modi on Tuesday had chaired the Cabinet meeting to decide on a number issues amid the ongoing COVID-19 crisis the country has been dealing with.

Union Minister for Agriculture Narendra Singh Tomar was also present at the press briefing.


good move and about time me thinks. it should put a stop to wildly fluctuating prices of foodgrains, pulses and vegetables.
What about Price of commodities will it increase or decrease? price of potato in Odisha has increased from 16 to 28 per kg today in name of this act and google is saying detailed document of act is not available
 

IndianHawk

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What about Price of commodities will it increase or decrease? price of potato in Odisha has increased from 16 to 28 per kg today in name of this act and google is saying detailed document of act is not available
As storage build up by private sector faster now. Wastage will reduce and prices will stabilise.

And in few years agriculture will re arrange itself to be better respond to an open market. Benefiting both farmers and consumers .
 

Roshan

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What about Price of commodities will it increase or decrease? price of potato in Odisha has increased from 16 to 28 per kg today in name of this act and google is saying detailed document of act is not available
all things being equal prices should come down because of deregulation. In most countries prices of turdal, onions, tomatoes, etc don't fluctuate wildly because of laws that don't allow anyone to store it in godowns because profiteering happened once upon a time when the country was challenged food security wise. this has now come to an end.
 

Rxbanda

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IndianHawk

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Is this justified? Shouldn't the govt. be accountable at least for the donations it is asking from the people?

Don't trust national herald that's congressi mouth piece.
 

su35

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As storage build up by private sector faster now. Wastage will reduce and prices will stabilise.

And in few years agriculture will re arrange itself to be better respond to an open market. Benefiting both farmers and consumers .
I hope that happen as today vendor in lue of this act skyrocketed price of potatos. Does govt. still control price for consumer or it is complelety on hands of vendor. This will create a oligopoly situation where vendor together will increase price and consumer will suffer only
 

IndianHawk

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I hope that happen as today vendor in lue of this act skyrocketed price of potatos. Does govt. still control price for consumer or it is complelety on hands of vendor. This will create a oligopoly situation where vendor together will increase price and consumer will suffer only
It's the exact opposite . Previously only mandis and their vendor could store vegetables . Now anyone can. Monopoly of Mandis have ended .
 

Akshay Fenix

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Rajive Bajaj refuse to participate in High end expensive Bullet Motorcycle market.
A near failed Eicher seized the opportunity and captured that segment.

Rajive Bajaj Refused to produce Scooter calling it outdated.
Honda & Hero Group Seized and capture Scooty Market.

whereas his brother Sanjeev's Bajaj Finance Mcap grew a massive 25 times under Modi Govt in last 5 yrs. A 10000 cr mcap of Bajaj Fin in 2014 got multiplied to Rs 237,000 crores.
Effectively Bajaj grp has earned more money under Modi Govt than under all the previous govts combined

Everyone should speak their mind.
But you can't blame Modi govt for your flatten graph when your brother has grew 25 times under same dispension. This means you couldn't innovate but wants govt to protect u with 1970s license raj policies.

Good points, should the government still protect such companies run by dynasty CEOs?
 

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