What was the highest ever a country peaked in road construction?Though the target for the current year appears to be a tall order, the NHAI believes that it could meet it with reliance on EPC projects and HAM projects. The authority has a robust stream of funds including budgetary outlays, borrowings, and the funds being realised through the...www.financialexpress.com
India build almost 14000 km highway last fiscal year. This is scorching pace. Have not seen such figures even in china forget anywhere else. Simply astounding.
Now as this infrastructure turns into massive growth India will be leapfrogging every major economy.
No idea. I tried to research chinese speed but hard to find accurate data because of language barrier.What was the highest ever a country peaked in road construction?
If the import duty is nil why are laptops and other hardware so expensive in India?The global manufacturing hubs are limited to a handful of countries with China being the predominant supplier to the world 66% market share (2019); $100 billion in value).www.financialexpress.com
Hardware PLI: Govt cuts manufacturing target by half
Even before it gets operationalised, the government has had to cut the output of its production-linked incentive (pli) scheme for IT hardware, which includes laptops, tablets, all-in-one PCs and servers, by half with manufacturers turning up with low bids. As a result, the utilisation of the outlay for the scheme will also come down by a similar quantum and export targets will take a big hit —from Rs 2.45 lakh crore over a four-year period announced earlier to a mere Rs 60,000 crore.
IT hardware manufacturers blame this on the low incentive structure which works out to an average of 2-2.5% over a four-year period which does not justify relocating units from China or Vietnam, especially for hardware products, where import duties are nil as they fall under IT products. The incentive structure for mobile phones PLI, which got operationalised in August 2020 and saw companies committing up to the maximum limit, works out to around 4.5% over a five-year period.
When the government had announced the IT hardware PLI scheme on February 24, the outlay was fixed at Rs 7,350 crore over a four-year period. During this period, the government had estimated a production of up to Rs 3.26 lakh crore, of which exports were expected to be of the order of Rs 2.45 lakh crore. Last week (May 4), when the government announced the names of the companies which have applied for the scheme, the production target was slashed to Rs 1.60 lakh crore of which exports would be of the order of Rs 60,000 crore. Since the incentive structure is based on achieving a minimum threshold of incremental sales over base year going up to a maximum limit, with companies committing lower production target only half the outlay of Rs 7,350 crore will get utilised.
Though 19 companies have submitted applications, the scheme will now make sense for only players which already have production capacity in India — Dell and HP, for instance. Here also it would be domestic sales which would be attractive for them rather than exporting which has been the main driving force for the government behind designing PLI schemes.
India’s import of laptops has increased by 42% –– from $2.97 billion to $4.21 billion –– in value terms, in the last five years. Around 87% of imports continues to come from China. In absolute terms, India’s dependency on China is very high –– it has increased from $2.83 billion to $3.65 billion during the last five years. For the year ending March 2021, India’s import of laptops is estimated to have reached close to $5 billion out of which imports from China would be around $4.35 billion.
As per estimates, the global market for laptops, tablets and desktop computers has grown from $229.38 billion in 2018 to $ 240.99 billion in 2019 and is expected to stabilize around $220 billion by 2025. Only six global players comprise 89% of the market shipments for laptops and 81% for tablets. The United States and European Union together represent more than 40% of the global market.
The global manufacturing hubs are limited to a handful of countries with China being the predominant supplier to the world 66% market share (2019); $100 billion in value).
Companies which have applied under category IT hardware are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava. Fourteen companies have filed applications under the category domestic companies, which include Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics.
No other news outlet reporting on this topic, so keep salt ready, but then again article is very thorough.
Also spit on whoever it was that signed the ITA 1996 agreement with WTO, which is why Laptops and other computer maal here is imported at 0% duty.
Gormint paradigm is baiting manufacturers with "Large domestic market" and then getting them to export.
Now here they can just import at 0% duty thanks to (((free trade))) so that door is closed at the start.
Computer manufacturing is a billion dollar opportunity that will go to Vietnam now, as it is people making a beeline to that country, not to mention the shills in media peddling negative image of India as investment destination with corona doom and gloom
Global Chip shortage has effected Hardware companies really bad. Just check any online platform like Amazon, Flipkart, other than Chinese vendors and Samsung there is literally no other company who has stock.Maybe because of 18% GST and the companies themselves wanting to make fat margins.
@Bhumihar tell us about this expresswayNational Highways Authority of India (NHAI) this week invited tenders to prepare a Detailed Project Report for an expressway linking Raxual in Bihar, on the India-Nepal border, with Haldia Port in West Bengal. Haldia port currently handles most of Nepal’s trade, and this roughly 650 km expresswaythemetrorailguy.com
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