Indian Economy: News and Discussion

FalconSlayers

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India's manufacturing output inches up as demand rises: PMI
IBEF: May 04, 2021

According to the IHS Markit India Manufacturing PMI report released on Monday, demand growth drove India's manufacturing sector production higher in April 2021.
As a result, the report stated that economic conditions in India's manufacturing sector appeared favourable in April 2021, as companies increased production in response to increased demand.
As a result, the IHS Markit India Manufacturing Purchasing Managers' Index (PMI) increased from 55.4 in March 2021 to 55.5 in April 2021.
The PMI scale runs from 0 to 100, with a reading of more than 50 suggesting an overall improvement over the previous month.
Furthermore, the report stated that the consumer goods sector performed good, followed by capital goods, and then intermediate goods.
According to the study, although production and sales grew at modest rates since August due to the severity of the COVID-19 crisis, foreign orders increased at a faster pace.
“Moreover, as companies continued to raise their inventories, purchasing volumes increased at one of the fastest rates in over nine years.”
In addition, survey respondents recorded a sharp rise in input costs, the fastest since July 2014, as well as upward revisions to selling prices.
“Charge inflation reached its highest level in seven and a half years.”
 
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Edinburgh

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Our bilateral trade is only 15.5 Billion dollars, and we will make it 31 billion by 2030? Lol.

It should be 50 Billion atleast.
The goal is too low and can be achieved without doing anything.
India is not even in the top 20 of Britain's trading partners.It accounts for only 1% of British foreign trade.
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no smoking

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Asean countries have protectionist policies that’s why our IT exports to them are restricted.
No.

There is no restriction particularly designed for India. Your IT exportation failed in East Asian simply because:
1. Nearly zero Indian IT programmer can speak the local language. On the other hand, Asian customers are struggling to understand Indian programmers' English (I believe it is also true vice verse);
2. Indian IT companies don't have the same cost edge as in western market;
3. India companies are not fitting in Asian style enterprise culture.
 
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No.

There is no restriction particularly designed for India. Your IT exportation failed in East Asian simply because:
1. Nearly zero Indian IT programmer can speak the local language. On the other hand, Asian customers are struggling to understand Indian programmers' English (I believe it is also true vice verse);
2. Indian IT companies don't have the same cost edge as in western market;
3. India companies are not fitting in Asian style enterprise culture.
All major economies in Asia Pacific have their own capitalist classes which they tend to favour by protectionist other shadow policies, their policies aren't specifically directed against India but west and even against each other. India itself isn't exception being in Asia.

Unlike the west where manufacturing and programing are outsourced to cut down costs, Asian states have built up these industries at home to produce same low cost goods. So India will have harder time beating them in cost in their countries where governments back them.
Language and "cultural" barriers aren't that tall wall would have been trained if it was realistic to capture east Asian markets.
 

RoaringTigerHiddenDragon

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Modi neither favor any one or target any one. When Reliance did not produce sufficient oil ,Modi fine reliance Rs 11000 crore.

Note National herald is that newspaper that the Rajiv Gandhi foundation or congress trust of something like that owns. The government had an investigation into it even. This is a congressi bakhchod newspaper. It even states Pt. Nehru as the founder. I would take any news from it against the BJP as total bakwaaaaas.
 

Haldilal

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Ya'll Nibbiars Tata Motors registered 25,095 units in passenger vehicle category in April as against 29,654 units in March 2021. It is still the third largest car manufacturer in the country. due to the Chinese Virus.
 

Haldilal

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Ya'll Nibbiars MG Motor India revealed that the company sold 2,565 units last month. A decline of more than 50 percent compared to other OEM. MG plant in Gujarat is also struggling to keep the factory running. And seen a adverse effect on it's performance. It's performance is worst compared to other OEM's.
 

Haldilal

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Ya'll Nibbiars MG India head expressed concern on the declining sales and worsening financial health of the firms and will close down the Halol Plant in Gujarat until the further notices. This will adversely affect the brand image of the firms. While other OEM's are trying to keep the operations going despite the Chinese Virus. The MG India decision to close down the manufacturing facilities comes and at a extremely delicate situation which will adversely affect the already struggling PV manufacturer in India. The recent increase in the prices has also not gone well down with the consumer and has seen worse decline in the sale among the OEM's with complaints of bad consumer support and non existence service network.

It has been learned that the MG has still a large stock of unsold inventory wich would offloaded to consumer. But despite this the firm will still struggle to fulfill the orders the company has already taken. Adding to the current woes of the pandemic is the global shortage of semiconductors. The production will be impacted by the shortage of semiconductor chips globally and the limitation in working hours due to curfews and lockdowns in various parts of the country. As a result, supply-chain constraints would continue in the month of May 2021. While other OEM has managed to over come this with various strategies to keep the operations running. MG Motors India is struggling since it's inception to keep the manufacturing alive with barely utilizing 25 percent if it's manufacturing capacity. And servicing recurring debt to keep the operations afloat.
 
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Haldilal

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Ya'll Nibbiars Pune, Mumbais may see shortage of milk due to heavy rains and adverse effect of the Chinese virus lockdown. Milk federation like Gokul, Warana, Mahnanda have already lileterate the same. And amul is also seeing crash of it's transport Which will make the matters worse. This will also results in increase in the milk prices and many have seen higher than MRP pricing in many places.
 

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Reserve Bank of India said Governor Shaktikanta Das will make a speech on Wednesday, an unscheduled appearance as ferocious new coronavirus wave devastates the country.

The address will be broadcast at 10 am local time, the RBI said on Twitter, without providing further details.
 

mandestiny

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Our economy destroyed. Forget about 5T$ GDP, if we maintain 3T$ that also be good.

Rest things will be done by external/internal enemy.
 

SKC

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No.

There is no restriction particularly designed for India. Your IT exportation failed in East Asian simply because:
1. Nearly zero Indian IT programmer can speak the local language. On the other hand, Asian customers are struggling to understand Indian programmers' English (I believe it is also true vice verse);
2. Indian IT companies don't have the same cost edge as in western market;
3. India companies are not fitting in Asian style enterprise culture.
I have worked for Asia Pacific clients for more than 6 years in past decade.
No there is no issue of Language problems with us with them or vice versa.

We have IT presence in all South-East Asian countries though not directly but via the Western or Japanese/Korean companies working there.
There are hardly and stand alone indigenous big brands in Asean countries.
 

sorcerer

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Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it
national herald crap.
What is the National Herald case?

The National Herald case relates to a equity transaction in which Congress president Sonia Gandhi and her son Rahul Gandhi are accused of allegedly misappropriating assets of Associated Journals worth over Rs 2,000 crore by paying a paltry sum of just Rs 50 lakh. The Gandhis, however, have denied any wrongdoing, but courts have found merit in the allegations against them.



so..its clearly understood
 

gslv markIII

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This is quite something. An Indian developed Metal 3D printer with a build volume of 450X450X450!!!

INTECH ADDITIVE SOLUTIONS LAUNCHES ITS LARGE-FORMAT IFUSION LF SERIES OF METAL 3D PRINTERS



LF1.png

Bangalore-based 3D printer OEM Intech Additive Solutions has launched its large-format iFusion LF series of metal 3D printers.

Backed by almost four years of research and development, the laser powder bed fusion range is characterized by its build volume of 450 x 450 x 450mm. Primarily aimed at Indian manufacturers serving the aerospace, automotive, and general engineering sectors, the machines are compatible with a wide variety of metal alloys, including aluminum, steel, Inconel, cobalt chrome, and titanium.

Pradeep Nair, Vice President of Hardware Sales at Intech, states, “Indian companies have a huge interest in 3D printers that build parts larger than 400mm. All these machines must be imported and are prohibitively expensive. There are other issues like long lead times for support and spares, making Indian companies ultimately settle for the less expensive mid-sized machines. The ‘iFusion LF Series’ amply fills this void.”

The new iFusion LF series

The company’s latest PBF range gives users a number of laser options, starting with a single 500W laser at the low end. If needed, customers are able to upgrade to an entire quad-laser configuration with a set of 700W or 1000W devices, making the LF series versatile in its capabilities. Developed and built at Intech’s own in-house facilities, the systems have a heavy focus on automation, with built in powder handling, part removal, and powder sieving functionalities.


Intech’s micro-jet engine R&D subsidiary, Poeir Jets, has already signed an agreement to use the new LF series to manufacture metal parts for its heavy-lift drones, citing the large build chamber, low production costs, and local support availability as key factors.
 

FalconSlayers

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This is quite something. An Indian developed Metal 3D printer with a build volume of 450X450X450!!!

INTECH ADDITIVE SOLUTIONS LAUNCHES ITS LARGE-FORMAT IFUSION LF SERIES OF METAL 3D PRINTERS



View attachment 88167
Bangalore-based 3D printer OEM Intech Additive Solutions has launched its large-format iFusion LF series of metal 3D printers.

Backed by almost four years of research and development, the laser powder bed fusion range is characterized by its build volume of 450 x 450 x 450mm. Primarily aimed at Indian manufacturers serving the aerospace, automotive, and general engineering sectors, the machines are compatible with a wide variety of metal alloys, including aluminum, steel, Inconel, cobalt chrome, and titanium.

Pradeep Nair, Vice President of Hardware Sales at Intech, states, “Indian companies have a huge interest in 3D printers that build parts larger than 400mm. All these machines must be imported and are prohibitively expensive. There are other issues like long lead times for support and spares, making Indian companies ultimately settle for the less expensive mid-sized machines. The ‘iFusion LF Series’ amply fills this void.”

The new iFusion LF series

The company’s latest PBF range gives users a number of laser options, starting with a single 500W laser at the low end. If needed, customers are able to upgrade to an entire quad-laser configuration with a set of 700W or 1000W devices, making the LF series versatile in its capabilities. Developed and built at Intech’s own in-house facilities, the systems have a heavy focus on automation, with built in powder handling, part removal, and powder sieving functionalities.


Intech’s micro-jet engine R&D subsidiary, Poeir Jets, has already signed an agreement to use the new LF series to manufacture metal parts for its heavy-lift drones, citing the large build chamber, low production costs, and local support availability as key factors.
It is good to see we making this all alone!
 

Lonewolf

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This is quite something. An Indian developed Metal 3D printer with a build volume of 450X450X450!!!

INTECH ADDITIVE SOLUTIONS LAUNCHES ITS LARGE-FORMAT IFUSION LF SERIES OF METAL 3D PRINTERS



View attachment 88167
Bangalore-based 3D printer OEM Intech Additive Solutions has launched its large-format iFusion LF series of metal 3D printers.

Backed by almost four years of research and development, the laser powder bed fusion range is characterized by its build volume of 450 x 450 x 450mm. Primarily aimed at Indian manufacturers serving the aerospace, automotive, and general engineering sectors, the machines are compatible with a wide variety of metal alloys, including aluminum, steel, Inconel, cobalt chrome, and titanium.

Pradeep Nair, Vice President of Hardware Sales at Intech, states, “Indian companies have a huge interest in 3D printers that build parts larger than 400mm. All these machines must be imported and are prohibitively expensive. There are other issues like long lead times for support and spares, making Indian companies ultimately settle for the less expensive mid-sized machines. The ‘iFusion LF Series’ amply fills this void.”

The new iFusion LF series

The company’s latest PBF range gives users a number of laser options, starting with a single 500W laser at the low end. If needed, customers are able to upgrade to an entire quad-laser configuration with a set of 700W or 1000W devices, making the LF series versatile in its capabilities. Developed and built at Intech’s own in-house facilities, the systems have a heavy focus on automation, with built in powder handling, part removal, and powder sieving functionalities.


Intech’s micro-jet engine R&D subsidiary, Poeir Jets, has already signed an agreement to use the new LF series to manufacture metal parts for its heavy-lift drones, citing the large build chamber, low production costs, and local support availability as key factors.
Ant plans of their for some home use ones
 

Spindrift

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This is quite something. An Indian developed Metal 3D printer with a build volume of 450X450X450!!!

INTECH ADDITIVE SOLUTIONS LAUNCHES ITS LARGE-FORMAT IFUSION LF SERIES OF METAL 3D PRINTERS



View attachment 88167
Bangalore-based 3D printer OEM Intech Additive Solutions has launched its large-format iFusion LF series of metal 3D printers.

Backed by almost four years of research and development, the laser powder bed fusion range is characterized by its build volume of 450 x 450 x 450mm. Primarily aimed at Indian manufacturers serving the aerospace, automotive, and general engineering sectors, the machines are compatible with a wide variety of metal alloys, including aluminum, steel, Inconel, cobalt chrome, and titanium.

Pradeep Nair, Vice President of Hardware Sales at Intech, states, “Indian companies have a huge interest in 3D printers that build parts larger than 400mm. All these machines must be imported and are prohibitively expensive. There are other issues like long lead times for support and spares, making Indian companies ultimately settle for the less expensive mid-sized machines. The ‘iFusion LF Series’ amply fills this void.”

The new iFusion LF series

The company’s latest PBF range gives users a number of laser options, starting with a single 500W laser at the low end. If needed, customers are able to upgrade to an entire quad-laser configuration with a set of 700W or 1000W devices, making the LF series versatile in its capabilities. Developed and built at Intech’s own in-house facilities, the systems have a heavy focus on automation, with built in powder handling, part removal, and powder sieving functionalities.


Intech’s micro-jet engine R&D subsidiary, Poeir Jets, has already signed an agreement to use the new LF series to manufacture metal parts for its heavy-lift drones, citing the large build chamber, low production costs, and local support availability as key factors.
Can it print guns or firearm components? Just asking :megusta:
 

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