Indian Economy: News and Discussion

[FalconSlayers]

PM Modi to inaugurate new galleries at Gujarat Science City soon: CM Rupani - DeshGujarat

Gandhinagar: Prime Minister Narendra Modi will inaugurate India’s largest aquatic gallery at Gujarat Science City in Ahmedabad in near future, said Chief Minister Vijay Rupani

www.deshgujarat.com

Phoenix Mills and Canada Pension Plan Investment Board to build largest retail mall

The shopping complex will come up in Alipore on a 7.48-acre plot and have the potential leasable area of 1 million square foot in the first phase

www.telegraphindia.com

Narendra Singh Tomar virtually inaugurates Indus Best Mega Food Park in Chhattisgarh

New Delhi [India], June 3 (ANI): Union Minister for Food Processing Industries, Narendra Singh Tomar virtually inaugurated the Indus Best Mega Food Park on Thursday along with Chhattisgarh Chief Minister Bhupesh Baghel, and in presence of Union Minister of State for Food Processing Industries...

www.aninews.in

Volvo India expands footprint with new Digital Technology Hub: Jonas Olsson appointed in-charge

Volvo has a new Digital Technology Hub in Bangalore which will help enable it to expand its digital footprint in India. Jonas Olsson has been appointed to spearhead the operation.

www.financialexpress.com

Dhunseri Ventures and Berger Paints seek land to set up two manufacturing units in Burdwan

The projects will stand apart as the state has not been the recipient of large industries in recent years

www.telegraphindia.com

 

[Rxbanda]

India's Foreign Exchange Reserves Surge By $5.271 Billion To Reach Record High Of $598.165 Billion !!
$0.6 T next week?? Might have already crossed as well...

 

[Edinburgh]

foreign exchange reserves in Asian economies

 

[FalconSlayers]

View attachment 93292
foreign exchange reserves in Asian economies

Our Forex will easily cross 1 Trillion mark when we’ll focus on National Hydrogen Mission, EVs and Ethanol blending in fuels. Plus when our exports due to PLI increase will be main factors. India should incentivise business in India with free land, it will save taxpayers money as incentive and will ensure liberal business to happen as no company has to buy land for facilities, it will work as an incentive to them and won’t waste taxpayer’s money on incentives as well as ensure that the same land can be quickly be given to another business once the older company shifts to another location, it will remove a lot of hassles and will make business easier, this happens in China by the way, no wonder how smart they are to do this.

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[Jimih]

 

[Lonewolf]

Our Forex will easily cross 1 Trillion mark when we’ll focus on National Hydrogen Mission, EVs and Ethanol blending in fuels. Plus when our exports due to PLI increase will be main factors. India should incentivise business in India with free land, it will save taxpayers money as incentive and will ensure liberal business to happen as no company has to buy land for facilities, it will work as an incentive to them and won’t waste taxpayer’s money on incentives as well as ensure that the same land can be quickly be given to another business once the older company shifts to another location, it will remove a lot of hassles and will make business easier, this happens in China by the way, no wonder how smart they are to do this.

Land parcels ???

Idea seems good but is it different from land leasing ,but yeah if given free kf cost it could save money for bith gov and buisness , anyone here know how much land area in sez government have as land parcels .

@ezsasa ,you might have some info

 

[Lonewolf]

No different msp for states ???

That's good

 

[FalconSlayers]

Land parcels ???

Idea seems good but is it different from land leasing ,but yeah if given free kf cost it could save money for bith gov and buisness , anyone here know how much land area in sez government have as land parcels .

@ezsasa ,you might have some info

China does it, China gives land for businesses for free as an incentive as the companies don’t have legal ownership of land, hence land gets transferred to another company once the older leaves. They just keep a record of lands and that’s it, highly beneficial.

 

[ezsasa]

Land parcels ???

Idea seems good but is it different from land leasing ,but yeah if given free kf cost it could save money for bith gov and buisness , anyone here know how much land area in sez government have as land parcels .

@ezsasa ,you might have some info

dicey subject.

textile ministry facilitated giving land for textile parks recently, people who took the land and subsidies simply didn’t do anything after.

govt giving anything free to business is immediately deemed as a scam. Someone will definitely file a PIL against it.

here again land is a state subject, so there can’t be pan India policy on this.

 

[shade]

i meant if the phone was being manufactured in China not India

All assembly of the phone will be done in India itself by 3 companies, one of which is the designer( Chinese ) but has factories here, the other two are Indian companies.
The last JioPhone2 from Mukes was entirely made in china in boxed form and just imported here to be sold.

 

[shade]

dicey subject.

textile ministry facilitated giving land for textile parks recently, people who took the land and subsidies simply didn’t do anything after.

does govt have any way to penalize companies for this?

 

[ezsasa]

does govt have any way to penalize companies for this?

not sure, but in this case since this happened during pandemic maybe govt will give them another chance.

some sort of case will be filed, that’s for sure.

 

[Edinburgh]

Which is the most suffocating strong country in the world?
I think it's south Korea，If it's at the Middle East, it will be a regional hegemon
But It is located in the East Asian Monster Room. Surrounded by China, Japan, Russia and North Korea 🥱

 

[ezsasa]

Which is the most suffocating strong country in the world?
I think it's south Korea，If it's at the Middle East, it will be a regional hegemon
But It is located in the East Asian Monster Room. Surrounded by China, Japan, Russia and North Korea 🥱
View attachment 93335

UK GDP numbers are always a mystery to me, their GDP growth rate is always considerably lesser than India in recent years and yet they continue to be ranked above India.

there was one year where India GDP was acknowledged to be higher than UK, and yet they are ranked higher than India’s GDP again.

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]