Indian Economy: News and Discussion

LondonParisTokyo

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Intra state connectivity has improved by a large margin. Inter state however, is still poor. We have only one road that connects Assam & Tripura. That road is built on shifting soil, thus breakdowns are common, especially when it rains. Most of our energy & supplies import comes through that road. That's the problem.

The new waterway will help greatly. Assuming it takes off. Like I said intra state connectivity is pretty good now. Trucks from port can gather supplies & transport it elsewhere. We are seeing a massive influx of private truckers/transporters from Punjab, Arunachal, Mizoram, WB etc etc. They seem convinced the waterway will work.

Work on the new rail link with Bangladesh is picking up pace again, after being shut for COVID. That should ease the supply further. The work on the extended runways and new terminals of the airport is picking up too. There are some problems with that, but that's for another day.

If I am to do a bit of nit picking, I would say the Govt(both sate & centre) ought to focus on getting some new roads. I know the terrain is hard, there are mountains everywhere. But Kashmir has mountains too, look at the huge bridges they are getting. Our mountains aren't that tall, the tech and capacity for these bridges clearly exists.

The waterway connects to Sonamura not Agartala. The capital has a much higher buying power than Sonamura. There is a small river called Haora that goes through the centre of the Agartala. If a waterlink was made using that river, it would be profitable in no time. The river is small so it needs dredging & proper embankments, but that's not very difficult either.

Also Tripura doesn't have a lot of industry. So to develop the state you grow one industry, use that to grow the others, That's how all states/cities develop. We have one major natural resource, natural gas. We have enough to supply the whole of NE & more. But we can't do that because there is no pipeline infra. Pvt. companies like Vedanta wanted to enter the state to do gas extraction & refining, but ONGC worker unions & Left parties stopped that from happening.

Over all this is where we are. The economy is gotten better as the infra building continues. It can really take off if worker unions related problems are worked out. Delhi historically never payed attention to the state, we did pretty well with our tiny resources. But we can't go too far without Delhi's help. We don't have the financial guns to push ahead major infra projects by ourselves.
Can the CM do anything to bust the union? Unions are a problem all over the world.
 

no smoking

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Are there any articles that explain in detail how the ASEAN-India FTA has f*cked us over, the FTA was agreed upon in 2009 and came into effect in 2010, we know now who was behind it but I would like to know what all sectors it affects, considering GoI's recent TV and AC ban is targeted at neutralizing this FTA
Well, when FTA was signed, India's calculation was: along with the rising wage in China, all those companies should move their production lines into India which seems to be the only country have the manpower and space to accommodate such a massive industrial transition, India could become next China. She could win over South Eastern Asians easily. However, opposing to her expectation, Chinese managed to move up the value chain, only those downstream industries started moving out. Most of them didn't go to India, instead, they moved to South Eastern Asia where they are closer to their upstream suppliers in China, Korea and Japan and as well as the largest markets - US, China.

So, in 2009, India was thinking "India vs South Eastern Asia", but reality is "India vs ASEAN+China".
 

LondonParisTokyo

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Union is a problem, but without Unions, you will have a bigger problem: revolution.
That's not true. People need to work. An employed person has no time to think anything stupid and no time to get involved in anything stupid. Proactive government can prevent anything from happening.
 

avknight1408

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Agri sector doing good and have made bumper profits. It is reflected in the higher sales of tractors and hero two wheelers.
https://www.thehindubusinessline.co...ril-september-government/article32821111.ece#

Agri-commodities exports rise 43.4% in April-September: Government

Exports of agri-commodities rose by 43.4 per cent to Rs 53,626.6 crore in the first half of the current fiscal notwithstanding the ongoing Covid-19 crisis, the Union Agriculture Ministry said on Saturday.

Farm exports stood at Rs 37,397.3 crore during the April-September period of the 2019-20 fiscal, it said.

In September 2020, agri exports rose by 81.7 per cent to Rs 9,296 crore from Rs 5,114 crore in September 2019.

“The consistent and concerted efforts of the Government to boost agricultural exports are bearing fruit as despite of the on-going Covid-19 crisis, the export of essential agri commodities for the cumulative period of April-September, 2020 has increased by 43.4 per cent to Rs 53,626.6 crore,” the ministry said in a statement.

Positive growth was recorded in export of groundnut (35 per cent), refined sugar (104 per cent), wheat (206 per cent), basmati rice (13 per cent) and non-basmati rice (105 per cent) during the April-September of this fiscal from over the year-ago, it said.

Furthermore, balance of trade during April-September 2020 was significantly positive at Rs 9,002 crore as against trade deficit of Rs 2,133 crore in the said period, it added.

To boost agri exports, the Government announced Agriculture Export Policy, 2018 which inter-alia provides for cluster-based approach for export-centric farming of cash crops like fruits, vegetables, spices, etc. whereby clusters for specific agri products are identified across the country and focused interventions are carried out in these clusters.

Eight Export Promotion Forums (EPFs) have been set up under the aegis of agri-export promotion body APEDA to boost export of agriculture/ horticulture products. The EPFs are created on banana, grapes, mango, pomegranate, onion, dairy, rice basmati and rice non-basmati.

The EPF are making concerted efforts to identify, document particulars of, and reach out to stakeholders across the entire production/ supply chain of export for increasing these exports significantly to the global market, through various interventions, it said.

That apart, the Government has also announced Agri-Infra Fund of Rs 1 lakh crore to improve agri business environment which will promote agri exports in due course, the ministry said.

Besides, the Agriculture Ministry has also prepared a comprehensive action plan towards promotion of agri trade i.e to boost agri export with emphasis on value addition and a detailed action plan for import substitution, the statement added.
 

Holy Triad

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Reliance Jio Details 5G Plans at Qualcomm Event, Promises Testing at Jio Scale


Reliance Jio President Matthew Oomen spoke about its 5G plans at the sidelines of Qualcomm's 5G Summit event.



By Gopal Sathe | Updated: 20 October 2020 21:52 IST
HIGHLIGHTS
  • Reliance Jio announced that it will work with Qualcomm to bring 5G
  • Jio and Qualcomm will develop a full suite of 5G tools and products
  • It will develop Open RAN technologies to delivery the 5G platform

Reliance Jio has detailed its 5G plans which will be supported by Qualcomm, the company's president revealed while speaking at the Qualcomm 5G Summit. Jio, which started its public rollout in 2016 as the first 4G-only network in India, offering voice and data over the same LTE connection, has now moved into 5G, and it's expected to launch a value-for-money 5G smartphone that could help bring about Mukesh Ambani's goal of a 2G-mukt-Bharat (2G free India). The telco, which catapulted itself into being one of India's top telecom companies offering liberal free trials and extremely low rates, recently became the first provider to cross 40 crore subscribers. In the last few months, it has also drawn huge amounts of funding from the likes of Facebook and Google, and when 5G launches, it could well see a fresh round of growth.

Speaking at the keynote of Qualcomm's 5G Summit, Reliance Jio Infocomm President Matthew Oomen said that Jio has developed a fully indigenous 5G Radio Access Network (RAN) product. Qualcomm also said that Snapdragon will support OpenRAN 5G, along with Jio and various other telcos.

“Our long-standing collaboration with Qualcomm Technologies will accelerate the development of a full suite of 5G products and solutions, as Jio continues to support and drive open technologies in RAN,” said Oommen. “From Silicon to software all the functions of a Software-defined RAN will get tested at Jio Scale. These standards-based open RAN technologies along with the new Qualcomm 5G RAN Platforms will help to bridge the gigabit digital gap to deliver the Inclusive Digital Platform that is so much a necessity today for lives and livelihood in India and beyond.”


“Qualcomm Technologies aims to deliver cutting-edge technology for virtualized, flexible and interoperable 5G infrastructure across the globe. We recently achieved over a 1 Gbps milestone on the Reliance Jio 5G NR product, leveraging our Qualcomm 5G RAN Platforms, and we look forward to expanding our efforts with Reliance Jio to enable flexible and scalable 5G RAN deployments,” said Durga Malladi, Senior Vice President and General Manager, 4G/5G, Qualcomm Technologies.

The company further noted that the portfolio of Qualcomm 5G RAN Platforms is designed to provide a foundation for flexible, virtualized, scalable, and interoperable cellular network infrastructure. The platforms offer scalable support for a wide range of infrastructure categories ranging from macro base stations with massive MIMO to small cells, and feature support for all key frequency bands on sub-6 GHz and mmWave spectrum.


At the RIL AGM which took place in July this year, the company made a number of announcements, including a partnership with Google to develop and Android-based operating system affordable 4G and 5G smartphones, a mixed reality headset with holographic video calling, and much more. The result of this partnership is rumoured to be a smartphone priced at under Rs. 5,000, or $68.

As of now, we don't know when the 5G smartphone will launch, but predictions from analysts suggest we can expect it in December. It's worth noting that Google already had the Android One programme, which was meant to promote phones with close to stock Android designed to run on entry level devices.

Experts had pointed out that the Reliance-Google deal could be a huge challenge for Chinese handset makers in the country. The $4.5 billion (Rs. 33,737 crores in India) deal under which Alphabet's Google will collaborate with India's Reliance Industries poses a major challenge to Chinese vendors such as Xiaomi and BBK Electronics, owner of the Realme, Oppo, and Vivo brands, which currently dominate a $2 billion (roughly Rs. 14,955 crores) market for sub-$100 (roughly Rs. 7,400) smartphones in India.


At the AGM 2020 on 15 July, Mukesh Ambani said: “Today, friends, I have great pride in announcing that Jio has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India using 100 percent home-grown technologies and solutions. This Made-in-India 5G solution will be ready for trials as soon as 5G spectrum is available.“

However, at the moment, 5G networks have not been launched in the country, as the government still has to allot spectrum for 5G trials, which would be necessary ahead of any rollout. A recent report by Zee Business, quoting sources within the Home Ministry, suggested that trials may not take place this year after all, which could be a stumbling block for Reliance Jio's plans.



 

SKC

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Can the CM do anything to bust the union? Unions are a problem all over the world.
Except in China. The Chinese model of Unions is the best one. They have one central Union Headquarter to which all labor in the country subscribe to. Any Labor body can not stage protests or strikes unless they seeks approval from the Union headquarters. This process of taking approval itself is long. Its like 2 months before supposed strike unions need to apply for approval in writing. The approval can be rejected easily. So many similar other things which makes Unions disruption almost impossible in china.
 
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SKC

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That's not true. People need to work. An employed person has no time to think anything stupid and no time to get involved in anything stupid. Proactive government can prevent anything from happening.
Not True at all. Its the working person who starts the union bazi and indsutry disruptions.
Bengali Labor is notorious for this. There was saying till last decade that "Agar tumne apne plant mai Bangali worker rakh liya to plant band hone mai ek saal bhi nahi lagega!"
[if you have hired Bengali labor in your plat then it wont even take 1 year to get it closed!]
 

fire starter

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Reliance Jio Details 5G Plans at Qualcomm Event, Promises Testing at Jio Scale


Reliance Jio President Matthew Oomen spoke about its 5G plans at the sidelines of Qualcomm's 5G Summit event.



By Gopal Sathe | Updated: 20 October 2020 21:52 IST
HIGHLIGHTS
  • Reliance Jio announced that it will work with Qualcomm to bring 5G
  • Jio and Qualcomm will develop a full suite of 5G tools and products
  • It will develop Open RAN technologies to delivery the 5G platform

Reliance Jio has detailed its 5G plans which will be supported by Qualcomm, the company's president revealed while speaking at the Qualcomm 5G Summit. Jio, which started its public rollout in 2016 as the first 4G-only network in India, offering voice and data over the same LTE connection, has now moved into 5G, and it's expected to launch a value-for-money 5G smartphone that could help bring about Mukesh Ambani's goal of a 2G-mukt-Bharat (2G free India). The telco, which catapulted itself into being one of India's top telecom companies offering liberal free trials and extremely low rates, recently became the first provider to cross 40 crore subscribers. In the last few months, it has also drawn huge amounts of funding from the likes of Facebook and Google, and when 5G launches, it could well see a fresh round of growth.

Speaking at the keynote of Qualcomm's 5G Summit, Reliance Jio Infocomm President Matthew Oomen said that Jio has developed a fully indigenous 5G Radio Access Network (RAN) product. Qualcomm also said that Snapdragon will support OpenRAN 5G, along with Jio and various other telcos.

“Our long-standing collaboration with Qualcomm Technologies will accelerate the development of a full suite of 5G products and solutions, as Jio continues to support and drive open technologies in RAN,” said Oommen. “From Silicon to software all the functions of a Software-defined RAN will get tested at Jio Scale. These standards-based open RAN technologies along with the new Qualcomm 5G RAN Platforms will help to bridge the gigabit digital gap to deliver the Inclusive Digital Platform that is so much a necessity today for lives and livelihood in India and beyond.”


“Qualcomm Technologies aims to deliver cutting-edge technology for virtualized, flexible and interoperable 5G infrastructure across the globe. We recently achieved over a 1 Gbps milestone on the Reliance Jio 5G NR product, leveraging our Qualcomm 5G RAN Platforms, and we look forward to expanding our efforts with Reliance Jio to enable flexible and scalable 5G RAN deployments,” said Durga Malladi, Senior Vice President and General Manager, 4G/5G, Qualcomm Technologies.

The company further noted that the portfolio of Qualcomm 5G RAN Platforms is designed to provide a foundation for flexible, virtualized, scalable, and interoperable cellular network infrastructure. The platforms offer scalable support for a wide range of infrastructure categories ranging from macro base stations with massive MIMO to small cells, and feature support for all key frequency bands on sub-6 GHz and mmWave spectrum.


At the RIL AGM which took place in July this year, the company made a number of announcements, including a partnership with Google to develop and Android-based operating system affordable 4G and 5G smartphones, a mixed reality headset with holographic video calling, and much more. The result of this partnership is rumoured to be a smartphone priced at under Rs. 5,000, or $68.

As of now, we don't know when the 5G smartphone will launch, but predictions from analysts suggest we can expect it in December. It's worth noting that Google already had the Android One programme, which was meant to promote phones with close to stock Android designed to run on entry level devices.

Experts had pointed out that the Reliance-Google deal could be a huge challenge for Chinese handset makers in the country. The $4.5 billion (Rs. 33,737 crores in India) deal under which Alphabet's Google will collaborate with India's Reliance Industries poses a major challenge to Chinese vendors such as Xiaomi and BBK Electronics, owner of the Realme, Oppo, and Vivo brands, which currently dominate a $2 billion (roughly Rs. 14,955 crores) market for sub-$100 (roughly Rs. 7,400) smartphones in India.


At the AGM 2020 on 15 July, Mukesh Ambani said: “Today, friends, I have great pride in announcing that Jio has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India using 100 percent home-grown technologies and solutions. This Made-in-India 5G solution will be ready for trials as soon as 5G spectrum is available.“

However, at the moment, 5G networks have not been launched in the country, as the government still has to allot spectrum for 5G trials, which would be necessary ahead of any rollout. A recent report by Zee Business, quoting sources within the Home Ministry, suggested that trials may not take place this year after all, which could be a stumbling block for Reliance Jio's plans.



seems like ambani is going to end the career of Chinese companies in india.
 

another_armchair

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Why is ET doing this? Repeatedly rehashing the title and reposting this hitjob in the name of news.


Team DFI on twitter please tag the skank who probably has little or no knowledge of Economics or Data along with ET and tell them Goa has a Per Capita GDP that is over three times that of Bangladesh.

Time to roast these China sponsored Left-Libbie cabal who want their puppets to run Governments.

Have told my newspaper wallah to stop delivering TOI from tomorrow. G*** M***o for they refused to approve my comments and eventually blocked my email id from posting a fact laden comment on the article.
Free speech gaya tel lene.. looks like TOI got a fat sum from China.

Kangladesh is so prosperous, their border jumping citizens want to experience poverty in India by bribing their way to Aadhaar and voterid card by haramjada Indian politicians and Govt. servants who don't think twice before issuing an Aadhaar ID to a Paki for as little as Rs. 100.

 

shade

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Why is ET doing this? Repeatedly rehashing the title and reposting this hitjob in the name of news.


Team DFI on twitter please tag the skank who probably has little or no knowledge of Economics or Data along with ET and tell them Goa has a Per Capita GDP that is over three times that of Bangladesh.

Time to roast these China sponsored Left-Libbie cabal who want their puppets to run Governments.

Have told my newspaper wallah to stop delivering TOI from tomorrow. G*** M***o for they refused to approve my comments and eventually blocked my email id from posting a fact laden comment on the article.
Free speech gaya tel lene.. looks like TOI got a fat sum from China.

Kangladesh is so prosperous, their border jumping citizens want to experience poverty in India by bribing their way to Aadhaar and voterid card by haramjada Indian politicians and Govt. servants who don't think twice before issuing an Aadhaar ID to a Paki for as little as Rs. 100.

There are all congress/ Lutyen's establishment corporates paid articles being placed in media, making a big issue of some IMF predictions based off India being affected badly by chinese bioweapon induced lockdown
 

ezsasa

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Why is ET doing this? Repeatedly rehashing the title and reposting this hitjob in the name of news.


Team DFI on twitter please tag the skank who probably has little or no knowledge of Economics or Data along with ET and tell them Goa has a Per Capita GDP that is over three times that of Bangladesh.

Time to roast these China sponsored Left-Libbie cabal who want their puppets to run Governments.

Have told my newspaper wallah to stop delivering TOI from tomorrow. G*** M***o for they refused to approve my comments and eventually blocked my email id from posting a fact laden comment on the article.
Free speech gaya tel lene.. looks like TOI got a fat sum from China.

Kangladesh is so prosperous, their border jumping citizens want to experience poverty in India by bribing their way to Aadhaar and voterid card by haramjada Indian politicians and Govt. servants who don't think twice before issuing an Aadhaar ID to a Paki for as little as Rs. 100.

Here's another perspective....

This is not about comparisons between India & Bangladesh, It's about raising a stink in India-Bangladesh relationship itself.

You have seen the result of this stink, looking at the way this news is projected, Indians said some things about BD, most of them are positive comments, but the negative ones will be amplified in Bangladesh SM. BD chaps will respond on SM. This is classic Divide and Rule British policy.

Commies did this in India-Nepal relationship too.

i would say let's not fall into this trap, and response should be "We know what you are doing, we will not let India's neighbourhood relationship spoil" or atleast in those lines.

Our region is the least economically integrated region in the world, someone is spending money to fund narratives to keep it that way.
 

avknight1408

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Fosun acquired majority stake in Hyderabad based pharma company Gland pharma. Acquisition was valued around $1 billion I think.
Government didn't do anything to stall this deal. :mad2:
https://www.moneycontrol.com/news/b...ndian-firm-with-a-chinese-parent-5995831.html

Gland Pharma gets Sebi approval for Rs 6,000-crore IPO, set for first listing of an Indian firm with a Chinese parent

The IPO is a mixture of primary and secondary issue of shares with both China’s Fosun group and the founders of Gland Pharma due to dilute shares. Gland Pharma may look to launch the IPO in November 2020.

Gland Pharma, which is majority owned by China’s Shanghai Fosun Pharmaceutical (Fosun Pharma), has received a crucial nod from market regulator Sebi to launch an initial public offering (IPO) to raise up to Rs 6,000 crore, people familiar with the matter told Moneycontrol.

If the listing plans of the Hyderabad-based injectable drug maker fructify, it would mark the first major IPO by an Indian company that has a Chinese parent.

The nod from the Securities and Exchange Board of India (Sebi) comes amid a buoyant phase of valuations in the pharma sector and frosty diplomatic ties between India and China due to military aggression in Eastern Ladakh earlier this year, leading to casualties on both sides.

A series of IPOs have been launched in recent months. but no pharma company has listed on the Indian bourses this year. The last IPO by an Indian drugmaker—Eris Lifesciences— was more than three years ago in June 2017.

On July 11, 2020, Moneycontrol was the first to report that Gland Pharma had filed its draft red herring prospectus with Sebi for the proposed IPO. Earlier, Moneycontrol was also the first to report on Gland Pharma shortlisting investment bankers as part of preliminary preparations on July 19, 2019.

“The final observations from Sebi came in earlier this week, and the company has got the nod from the regulator. An updated offer document incorporating feedback from Sebi and the latest factual position will be filed shortly. Then the RHP (red herring prospectus) will be filed with RoC,” said one of the persons cited above.

Another person with direct knowledge of the matter confirmed the same.

“Valuations are good in the pharma sector currently and Gland Pharma would like to launch the IPO as soon as possible. Based on feedback from the market and investors, the company may possibly look to launch the IPO in November, but no final call has been taken as yet,” a third person added.

After Sebi reviews the DRHP and shares its comments, Gland Pharma has a one-year window to launch the IPO.

All the three individuals spoke to Moneycontrol on the condition of anonymity. Moneycontrol could not immediately connect with Fosun and Gland Pharma and is awaiting their response to an email query. This article will be updated as soon as we hear from them.

The IPO is a mixture of primary and secondary issue of shares with both Fosun group and the founders of Gland Pharma slated to dilute shares as part of the issue. Most of the IPO proceeds will be used for capex and working capital for its Indian operations. The offer is likely to comprise a fresh issue aggregating up to Rs 1,250 crore and an offer for sale of up to Rs 4,750 crore.

Citi, Kotak Mahindra Capital, Nomura, and Haitong Securities are the merchant bankers working on the issue. Law firm Cyril Amarchand Mangaldas is advising Gland Pharma, Khaitan and Co is advising the promoters, and S&R Associates is advising the merchant bankers.

A closer look at Gland Pharma

Hong Kong-listed Fosun acquired around 74 percent in Gland Pharma for around $1.09 billion in October 2017, offering an exit to private equity firm KKR. Much of the residual stake remained with founder promoters, who continued on the company’s board after the deal.

Gland Pharma is a pure-play generic injectable pharmaceutical products company founded in 1978 by PVN Raju. Dr Ravi Penmetsa, who has been the vice-chairman and managing director of the firm since 1999, took up an advisory role in 2019 to support the management.

Gland is currently led by MD and CEO Srinivas Sadu. The company earns a bulk of its revenues from the US and European markets. It had pioneered Heparin (an anti-coagulant that is used during surgeries and in the treatment of heart attacks) technology in India.

The company has seven manufacturing facilities: four at Hyderabad and three at Visakhapatnam. Gland Pharma has established a portfolio of products across various therapeutic segments such as anti-diabetic, anti-infectives, anti-malaria, anti-neoplastics, blood-related, cardiac, gastro-intestinal and hormones through a combination of delivery systems including liquid vials, lyophilized vials, pre-filled syringes, ampoules, bags and drops.

It sells its products primarily under a business to business (B2B) model in over 60 countries as of March 31, 2020, including the United States, Europe, Canada, Australia, India and rest of the world. As of March 31, 2020, Gland Pharma employed 3,791 people across its facilities in India.
 

LondonParisTokyo

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Not True at all. Its the working person who starts the union bazi and indsutry disruptions.
Bengali Labor is notorious for this. There was saying till last decade that "Agar tumne apne plant mai Bangali worker rakh liya to plant band hone mai ek saal bhi nahi lagega!"
[if you have hired Bengali labor in your plat then it wont even take 1 year to get it closed!]
Weak governance allows this type of ridiculous thinking to survive. Would you rather have a union, or an employed person that can help end generational poverty for their family? Just think about this for more than 30 seconds. The answer is simple. The government is weak and should really toughen up on union activity.
 

Haldilal

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Ya'll Nibbiars
 

Haldilal

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Ya'll Nibbiars we will see a Mega Corporation soon that will rival other Large Corporations.
 

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