Indian Economy: News and Discussion

[shade]

Further details, I got these from SwarajyaMag article here.

Big Push To Make In India: After Resounding Success Of PLI Scheme For Mobile Production, Govt Extends Scheme To 10 More Sectors

To give an impetus to the manufacturing sector, the Union Cabinet on Wednesday approved a mega production linked incentive (PLI) scheme for 10 sectors

swarajyamag.com

Looking at the big bucks outlay for Cars, auto components and Batteries, Gadkari wasn't kidding when he said he wants India to become auto manufacturing hub

https://pib.gov.in/PressReleseDetail.aspx?PRID=1671912 PIB press release with much more details about particular product lines in each sector here.

Below is straight from PIB press release, good the table got embedded properly,

Sector Wise Product Lines

Sector		Product Lines
Advance Chemistry Cell (ACC) Battery Manufacturing		ACC Batteries
Electronic/Technology Products		Semiconductor Fab Display Fab Laptop/ Notebooks Servers IoT Devices Specified Computer Hardware
Automobile and Auto Components		Automobile and Auto Components
Pharmaceuticals	Category 1 Biopharmaceuticals Complex generic drugs Patented drugs or drugs nearing patent expiry Cell based or gene therapy products Orphan drugs Special empty capsules vii. Complex excipients
	Category 2 Active Pharma Ingredients (APIs) /Key Starting Materials (KSMs) and /Drug Intermediaries (Dls) Category 3 Repurposed Drugs Auto-immune drugs, Anti-cancer drugs, Anti diabetic drugs, Anti Infective drugs, Cardiovascular drugs,Psychotropic drugs and Anti-Retroviral drugs In-vitro Diagnostic Devices (IVDs) Phytopharmaceuticals Other drugs not manufactured in India Other drugs as approved
Telecom Products	Core Transmission Equipment 4G/5G, Next Generation Radio Access Network and Wireless Equipment Access & Customer Premises Equipment (CPE), Internet of Things (IoT) Access Devices and Other WirelessEquipment Enterprise equipment: Switches, Router
Textiles	Man-Made Fiber Segment Technical Textiles
Food Processing	Ready to Eat / Ready to Cook (RTE/ RTC) Marine Products Fruits & Vegetables Honey Desi Ghee Mozzarella Cheese Organic eggs and poultry meat
Solar PV manufacturing	Solar PVs
White Goods	Air conditioners LED
Steel Products	Coated Steel High Strength Steel Steel Rails Ally Steel Bars & Rods

imo White goods should be extended to other types too, like Microwave oven, Washing machine, fridge, TVs etc to boost export, but overall still a very good list

 

[NAMICA]

Further details, I got these from SwarajyaMag article here.

Big Push To Make In India: After Resounding Success Of PLI Scheme For Mobile Production, Govt Extends Scheme To 10 More Sectors

To give an impetus to the manufacturing sector, the Union Cabinet on Wednesday approved a mega production linked incentive (PLI) scheme for 10 sectors

swarajyamag.com

View attachment 66322

Looking at the big bucks outlay for Cars, auto components and Batteries, Gadkari wasn't kidding when he said he wants India to become auto manufacturing hub

https://pib.gov.in/PressReleseDetail.aspx?PRID=1671912 PIB press release with much more details about particular product lines in each sector here.

Below is straight from PIB press release, good the table got embedded properly,

Sector Wise Product Lines

Sector		Product Lines
Advance Chemistry Cell (ACC) Battery Manufacturing		ACC Batteries
Electronic/Technology Products		Semiconductor Fab Display Fab Laptop/ Notebooks Servers IoT Devices Specified Computer Hardware
Automobile and Auto Components		Automobile and Auto Components
Pharmaceuticals	Category 1 Biopharmaceuticals Complex generic drugs Patented drugs or drugs nearing patent expiry Cell based or gene therapy products Orphan drugs Special empty capsules vii. Complex excipients
	Category 2 Active Pharma Ingredients (APIs) /Key Starting Materials (KSMs) and /Drug Intermediaries (Dls) Category 3 Repurposed Drugs Auto-immune drugs, Anti-cancer drugs, Anti diabetic drugs, Anti Infective drugs, Cardiovascular drugs,Psychotropic drugs and Anti-Retroviral drugs In-vitro Diagnostic Devices (IVDs) Phytopharmaceuticals Other drugs not manufactured in India Other drugs as approved
Telecom Products	Core Transmission Equipment 4G/5G, Next Generation Radio Access Network and Wireless Equipment Access & Customer Premises Equipment (CPE), Internet of Things (IoT) Access Devices and Other WirelessEquipment Enterprise equipment: Switches, Router
Textiles	Man-Made Fiber Segment Technical Textiles
Food Processing	Ready to Eat / Ready to Cook (RTE/ RTC) Marine Products Fruits & Vegetables Honey Desi Ghee Mozzarella Cheese Organic eggs and poultry meat
Solar PV manufacturing	Solar PVs
White Goods	Air conditioners LED
Steel Products	Coated Steel High Strength Steel Steel Rails Ally Steel Bars & Rods

imo White goods should be extended to other types too, like Microwave oven, Washing machine, fridge, TVs etc to boost export, but overall still a very good list

I can easily see million of jobs.

 

[LondonParisTokyo]

PLI scheme to cover 10 more sectors, to get ₹1.46-lakh crore over five years

Cabinet clears outlay of ₹8-lakh crore for social infra via VGF scheme over 5 years

www.thehindubusinessline.com

PLI scheme extended to 10 more sectors

Sectors include

• Cars and Automobile components
• High tech Batteries( I guess of the type used in EVs )
• Food processing
• White goods
• Electronics items
• Pharmaceuticals
• Solar PV modules
• Textiles
• Telecom and networking products
• Specialty steel

Aside from food processing, all other sectors are bang on target and just what the economy requires, we lag in various fancy grades of steel, IP and Telecom networking equipment, computer/laptop/server manufacture, Medical API, battery manufacture and Solar PV cell manufacture.

Hope Govt is generous and on time in disbursing these incentives to companies who meet/exceed targets.

The government needs to diversify energy supply [NUCLEAR] as well as immedietely get stakes in mines that get Lithium, Cobalt, other rare earths, and copper mines. This is literally the desperate need of the hour if they want to not be held by the balls by the Chinese and Saudi oil magnates.

 

[shade]

The government needs to diversify energy supply [NUCLEAR] as well as immedietely get stakes in mines that get Lithium, Cobalt, other rare earths, and copper mines. This is literally the desperate need of the hour if they want to not be held by the balls by the Chinese and Saudi oil magnates.

Congo is largest producer of Cobalt.
11 of the 13 biggest mines there are owned by Chongs.
Biggest producer of Lithium is Bolivia, and of Copper is Chile.
For other rare earths there is only Chong.

We also need to find a good source of the type of coal used for power generation.

 

[Swiftfarts]

Nuclear energy is the only viable option in long run. India do sit on humongous reserve's of methane hydrates , but again technology viability , cost and environmental factors will play a major role in deciding what source to use going into the future. fusion energy is probably also around the corner.

 

[Killbot]

Nuclear energy is the only viable option in long run. India do sit on humongous reserve's of methane hydrates , but again technology viability , cost and environmental factors will play a major role in deciding what source to use going into the future. fusion energy is probably also around the corner.

India has the largest Thorium reserves in the world. Over 30% of the world's total. Currently under exploration. Should serve us extremely well for a long time.

 

[Swiftfarts]

India has good Thorium reserves...

I am hearing about thorium for age's. end result is... india only managed to build a 700MW PHWR at that to on a CANDU reactor design. breeder reactor is another viability given that safety issues are dealt with. But i think fussion reactors are on the horizon.

 

[Killbot]

India has the largest Thorium reserves in the world. Over 30% of the world's total. Currently under exploration. Should serve us extremely well for a long time.

Correction: India has almost 1 million tonnes of thorium. We can have a fucking monopoly on energy if this is played right by 2050...

 

[Suryavanshi]

Congo is largest producer of Cobalt.
11 of the 13 biggest mines there are owned by Chongs.
Biggest producer of Lithium is Bolivia, and of Copper is Chile.
For other rare earths there is only Chong.

We also need to find a good source of the type of coal used for power generation.

How the fick do chongs own mines in Africa?

 

[Killbot]

How the fick do chongs own mines in Africa?

They have pumped over 5 trillion dollars in Africa in the last 15 years. All of Europe hasn't been able to do that for the last 400 years.. There are Confucius colleges in Africa. Chongs own the fucking place

 

[shade]

How the fick do chongs own mines in Africa?

So like most countrys you get a lease on mines( for extra chink lulz, im sure its a 99 year lease )
Chings also buy the Congo politicians there are, very cheap to acquire.
They also probably buy the over 9000 guerilla groups there are that appear next to these mines like mosquitoes to warm blooded animals.
So in this way they have the entire country in their thrall.
Btw this is a part of a push to acquire lithium, cobalt and all because they think EVs gon take off.
It has been many years in the making.

 

[Illusive]

They have pumped over 5 trillion dollars in Africa in the last 15 years. All of Europe hasn't been able to do that for the last 400 years.. There are Confucius colleges in Africa. Chongs own the fucking place

Africa will be the bread basket and cheap labour for China, its basically colonization of Africa....again.

 

[LondonParisTokyo]

Congo is largest producer of Cobalt.
11 of the 13 biggest mines there are owned by Chongs.
Biggest producer of Lithium is Bolivia, and of Copper is Chile.
For other rare earths there is only Chong.

We also need to find a good source of the type of coal used for power generation.

Divest off of coal and go straight to nuclear. Seriously. Nuclear is the way to go. Clean burning, basically limitless once you start. Rare earths are the next step

 

[warriorextreme]

Electronic/Technology Products

1. Semiconductor Fab
2. Display Fab
3. Laptop/ Notebooks
4. Servers
5. IoT Devices
6. Specified Computer Hardware

Does PLI of just 5000 Crore for this Electronics entire sector indicate that government is not keen about having Semi conductor Fab in India? The amount seems to small to me.

 

[SKC]

I am hearing about thorium for age's. end result is... india only managed to build a 700MW PHWR at that to on a CANDU reactor design. breeder reactor is another viability given that safety issues are dealt with. But i think fussion reactors are on the horizon.

Same thing. We are building thorium reactor since ages and it will solve our energy problems blah blah blah!!!
It has been atleast 15 years since i am hearing thorium reactor news. The nuclear science is same accross the world then why does our reactors gets critical in over 10 yrs but at other places they get critical in half time?

 

[sorcerer]

Construction of India-funded Integrated Check Post begins in Nepalgunj in Western Nepal

Outlook India Magazine Online- Read News India, Latest News Analysis, World, Sports, Entertainment | Best Online Magazine India

Outlook covers the latest India news, analysis, business news and long-form stories on culture, money market and personal finance. Read India's best online magazine.

www.outlookindia.com

 

[shade]

Does PLI of just 5000 Crore for this Electronics entire sector indicate that government is not keen about having Semi conductor Fab in India? The amount seems to small to me.

Most fabs need proper infrastructure like ample supply of clean( like distilled ) water,less dust external environment( lots of specific trees have to be planted around fab for this purpose ) etc, these all are to be provided by govt.
In Addition to other incentives, PLI by itself is not enough, so yes they don’t seem to be interested about fab, they were in 2014 but private corps are pussies and don’t want to put down the money, meanwhile govt also doesn’t want to put money in a Semiconductor Fab PSU, it could be and SPV and later privatised, but like i said no interest.

The 5000 cr outlay i think is for laptop/aio/server assembly here, along with PCB or Display manufacture in India, not for fabs

In any case by next year I think things may clear up

 

[shade]

So I read articles where the Lenovo India MD seems excited for Electronics PLI in context of laptop manufacture, however no word from Dell or HP in this regard.
Dell, HP, Lenovo are big 3 in terms of AIO Desktops, Laptops and Server sales world wide.
computers of all three types are a big market even now, the pandemic has further underlined this.

 

[ezsasa]

Logistics startups in India.
Check out no.2

 

[warriorextreme]

Most fabs need proper infrastructure like ample supply of clean( like distilled ) water,less dust external environment( lots of specific trees have to be planted around fab for this purpose ) etc, these all are to be provided by govt.
In Addition to other incentives, PLI by itself is not enough, so yes they don’t seem to be interested about fab, they were in 2014 but private corps are pussies and don’t want to put down the money, meanwhile govt also doesn’t want to put money in a Semiconductor Fab PSU, it could be and SPV and later privatised, but like i said no interest.

The 5000 cr outlay i think is for laptop/aio/server assembly here, along with PCB or Display manufacture in India, not for fabs

In any case by next year I think things may clear up

The PIB notification mentions Semiconductor Fab. The water & other things can be done if state & central governments become serious about it but there does not seem to be that much focus on this & even private Indian companies are not interested because of this.