Indian Economy: News and Discussion

[sorcerer]

Modi govt to reduce dependence on edible oil imports


NEW DELHI: The Modi government is now planning to work on mission mode to reduce the dependence of the country on edible oil imports, under which it would be increasing production of edible oil from various sources along with spreading public awareness for economical consumption of oil.

Modi govt to reduce dependence on edible oil imports - Times of India

India Business News: According to experts, the objective of this new mission of the Modi government is not only to bring self-reliance ('Aatmanirbharta') in edible oils bu

timesofindia.indiatimes.com

 

[sunshine]

Modi govt to reduce dependence on edible oil imports


NEW DELHI: The Modi government is now planning to work on mission mode to reduce the dependence of the country on edible oil imports, under which it would be increasing production of edible oil from various sources along with spreading public awareness for economical consumption of oil.

Modi govt to reduce dependence on edible oil imports - Times of India

India Business News: According to experts, the objective of this new mission of the Modi government is not only to bring self-reliance ('Aatmanirbharta') in edible oils bu

timesofindia.indiatimes.com

reason of increasing in the price of gasoline，pay It

 

[here2where]

Modi govt to reduce dependence on edible oil imports


NEW DELHI: The Modi government is now planning to work on mission mode to reduce the dependence of the country on edible oil imports, under which it would be increasing production of edible oil from various sources along with spreading public awareness for economical consumption of oil.

Modi govt to reduce dependence on edible oil imports - Times of India

India Business News: According to experts, the objective of this new mission of the Modi government is not only to bring self-reliance ('Aatmanirbharta') in edible oils bu

timesofindia.indiatimes.com

clearly aimed at reducing palm oil imports. reducing dependence on imports very much possible if the projected domestic oil palm cultivation takes off in big way.

Modi’s Atmanirbhar Bharat: How palm oil cultivation can make India self-reliant in edible oil

The domestic consumption of edible oils in India has been outstripping the production and the gap between the two is quite significant which is being met by imports.

www.financialexpress.com

"Currently, the country has only about 3.3 lakh hectares under oil palm, while the potential identified for it is 19.3 lakh hectares in the states of Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Karnataka, Kerala, Mizoram, Odisha, Tamil Nadu, and the other N-E States.

Two important constraints that impede area expansion programme under oil palm are the opportunity cost of land of farmers during a long gestation period of at least 3 years when no financial income flows to farmers and high cost of irrigation."

 

[Maharaj samudragupt]

clearly aimed at reducing palm oil imports. reducing dependence on imports very much possible if the projected domestic oil palm cultivation takes off in big way.

Modi’s Atmanirbhar Bharat: How palm oil cultivation can make India self-reliant in edible oil

The domestic consumption of edible oils in India has been outstripping the production and the gap between the two is quite significant which is being met by imports.

www.financialexpress.com

"Currently, the country has only about 3.3 lakh hectares under oil palm, while the potential identified for it is 19.3 lakh hectares in the states of Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Karnataka, Kerala, Mizoram, Odisha, Tamil Nadu, and the other N-E States.

Two important constraints that impede area expansion programme under oil palm are the opportunity cost of land of farmers during a long gestation period of at least 3 years when no financial income flows to farmers and high cost of irrigation."

Dekhana climate wale idhar bhi na aa dhamken.
Palmoil is a big international issue .

 

[Lonewolf]

We should focus on textiles also, Bangladesh has increased their GDP with Textiles alone and we can also increase our GDP substantially by doing the same.

If iam right there was a report in December , where government was in mood to make textile cluster about 11 in number , also our yarn is of good quality we export to bangladesh too

 

[FalconSlayers]

If iam right there was a report in December , where government was in mood to make textile cluster about 11 in number , also our yarn is of good quality we export to bangladesh too

We should dominate the textiles as imagine that textiles alone made Bangladeshi GDP per capita same as ours, then imagine how much can we gain by doing same, we would need 30 Such parks as India’s domestic demand alone is huge, like everyone buys textiles almost every week In any form. Export orders would be even better as we have a better soft power than Bangladesh like anyone would prefer Made in India over Made in Bangladesh.

 

[Lonewolf]

We should dominate the textiles as imagine that textiles alone made Bangladeshi GDP per capita same as ours, then imagine how much can we gain by doing same, we would need 30 Such parks as India’s domestic demand alone is huge, like everyone buys textiles almost every week In any form. Export orders would be even better as we have a better soft power than Bangladesh like anyone would prefer Made in India over Made in Bangladesh.

11 parks are outside of present ecosystem , also we have economy of scale , Bangladeshi sector is much unorganized , most of the hub are export oriented , many indian manufacturer have order book filled till june 2021 from October last year , more order have been added by now, my concern is diversification ,we should make all quality and fabric and better designer , see at chinese product they are shiny outside but somewhat poor inside , if we package quality with fancy we can oust china too.

Raw material is also a problem

 

[Popeye]

GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Why the moneyed aren't coming to India’s international financial center in Gujarat

 

[Lonewolf]

View attachment 79302
GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Why the moneyed aren't coming to India’s international financial center in Gujarat

And we all are delusional who see update on it frequently where foreign companies , investor are setting up their branch there , never trust these news same news was on the print too

 

[ezsasa]

They do not see that because they live in cities. A lot has changed on Ground on farming sector and rural economy which has changed the lives of people in Rural area though it does not reflect in numbers in economy. Here are something which has changed.

India became 5th largest economy from 11th.

This year, India is going to end with a big Trade surplus after so many years.

97% Indian families have bank accounts.

Sanitation has reached 99%.

Electricity reached all villages

Tens of millions of houses are made and given to hundreds of People.

Free medical facility extended to millions of families.

Record FDI is flowing in.

Foreign exchange is rising like never before.

Yet, Nothing has changed.

kanchan Gupta’s commentary is on period 91 to 96, not today.

Is it true? Were intellectual class against economic reforms those days?

I didn’t have the habit of reading editorial or main page during those years, only international news and sports section.

 

[ezsasa]

View attachment 79302
GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Why the moneyed aren't coming to India’s international financial center in Gujarat

do keep an eye who wrote and who does he/she work for when you read such articles.

in this case Bloomberg, which also has collaboration with quint.

 

[ladder]

Modi govt to reduce dependence on edible oil imports


NEW DELHI: The Modi government is now planning to work on mission mode to reduce the dependence of the country on edible oil imports, under which it would be increasing production of edible oil from various sources along with spreading public awareness for economical consumption of oil.

Tata Steel SEZ's Gopalpur park to house Rs 300-cr edible oil plant

Tata Steel SEZ's Gopalpur park to house Rs 300-cr edible oil plant

Hyderabad-based Gemini Edibles & Fats India Pvt Ltd, the firm behind Freedom brand of oils, has proposed to install a refined vegetable oil manufacturing unit within the Gopalpur industrial park

www.business-standard.com

Since oilseed cultivation is planned in the eastern region of India, the refineries are being set up in that region.

 

[sorcerer]

Tata Steel SEZ's Gopalpur park to house Rs 300-cr edible oil plant

Tata Steel SEZ's Gopalpur park to house Rs 300-cr edible oil plant

Hyderabad-based Gemini Edibles & Fats India Pvt Ltd, the firm behind Freedom brand of oils, has proposed to install a refined vegetable oil manufacturing unit within the Gopalpur industrial park

www.business-standard.com

Since oilseed cultivation is planned in the eastern region of India, the refineries are being set up in that region.

bloody brilliant!
I likez..
north east needs development..and improved connectivity.

 

[tarunraju]

View attachment 79302
GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Why the moneyed aren't coming to India’s international financial center in Gujarat

Guy named "Andy Mukherjee" wrote this.

OK.

Before she left Bank of America for her current job, my wife just helped finish the set up of a facility in GIFT employing over 2,000 skilled workers. And no, it wasn't an L1 call center.

 

[tarunraju]

Mr Spokesman of Modi, can you please check the fact before opening your mouth?
Here is India's export growth since 2008:

View attachment 79256

In the meantime, India rupee vs USD is like this:

View attachment 79257

Really interesting to see chicoms take an interest in Modi. If Chinese think Modi is bad for India, he must be definitely baaad.

 

[ezsasa]

Mr Spokesman of Modi, can you please check the fact before opening your mouth?
Here is India's export growth since 2008:

View attachment 79256

In the meantime, India rupee vs USD is like this:

View attachment 79257

Nice try..
India exports

India Exports, billion dollars - data, chart | TheGlobalEconomy.com

India: Exports of goods and services, billion USD: For that indicator, we provide data for India from 1960 to 2022. The average value for India during that period was 138.87 billion U.S. dollars with a minimum of 1.65 billion U.S. dollars in 1960 and a maximum of 778.55 billion U.S. dollars in...

www.theglobaleconomy.com

China imports

China Imports, billion dollars - data, chart | TheGlobalEconomy.com

China: Imports of goods and services, billion USD: For that indicator, we provide data for China from 1960 to 2022. The average value for China during that period was 589.27 billion U.S. dollars with a minimum of 1.37 billion U.S. dollars in 1962 and a maximum of 3137.59 billion U.S. dollars in...

www.theglobaleconomy.com

this correlation in downswing in 2015-2016, in visible in all major economies.

 

[ezsasa]

Nice try..
India exports
View attachment 79333

India Exports, billion dollars - data, chart | TheGlobalEconomy.com

India: Exports of goods and services, billion USD: For that indicator, we provide data for India from 1960 to 2022. The average value for India during that period was 138.87 billion U.S. dollars with a minimum of 1.65 billion U.S. dollars in 1960 and a maximum of 778.55 billion U.S. dollars in...

www.theglobaleconomy.com

China imports

View attachment 79334

China Imports, billion dollars - data, chart | TheGlobalEconomy.com

China: Imports of goods and services, billion USD: For that indicator, we provide data for China from 1960 to 2022. The average value for China during that period was 589.27 billion U.S. dollars with a minimum of 1.37 billion U.S. dollars in 1962 and a maximum of 3137.59 billion U.S. dollars in...

www.theglobaleconomy.com

this correlation in downswing in 2015-2016, in visible in all major economies.

please note folks, when ever Shekhar gupta says in his cut the clutter says that Indian economy was doing bad due to policies due to demonetisation in modi first term, what he is not telling us is that entire global economy was unstable in 2014-2017 period. This is largely due to problems in Chinese economy which has a domino effect in rest of the world economies during that period.

 

[indus]

clearly aimed at reducing palm oil imports. reducing dependence on imports very much possible if the projected domestic oil palm cultivation takes off in big way.

Modi’s Atmanirbhar Bharat: How palm oil cultivation can make India self-reliant in edible oil

The domestic consumption of edible oils in India has been outstripping the production and the gap between the two is quite significant which is being met by imports.

www.financialexpress.com

"Currently, the country has only about 3.3 lakh hectares under oil palm, while the potential identified for it is 19.3 lakh hectares in the states of Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Karnataka, Kerala, Mizoram, Odisha, Tamil Nadu, and the other N-E States.

Two important constraints that impede area expansion programme under oil palm are the opportunity cost of land of farmers during a long gestation period of at least 3 years when no financial income flows to farmers and high cost of irrigation."

Why shld we promote palm oil when we know abt the bad affects of palm oil plantations on the rainforests of Indonesia and Malaysia. The only benefit palm oil has is its cheap cost. Its harmful to health and shld not be consumed. Rather than promoting palm plantations, Govt shld boost production of local oilseeds such as mustard, peanuts, soyabean, sunflower. It wl be a boon for the consumer as well as farmers.

 

[warriorextreme]

View attachment 79302
GIFT City: Modi's plan to make a Singapore in Gujarat has fallen flat

Why the moneyed aren't coming to India’s international financial center in Gujarat

The GIFT city is not even beyond infancy yet. Lot of growth still ahead.

 

[sunshine]

Why shld we promote palm oil when we know abt the bad affects of palm oil plantations on the rainforests of Indonesia and Malaysia. The only benefit palm oil has is its cheap cost. Its harmful to health and shld not be consumed. Rather than promoting palm plantations, Govt shld boost production of local oilseeds such as mustard, peanuts, soyabean, sunflower. It wl be a boon for the consumer as well as farmers.

Palm oil accounts for 35% of the world's vegetable oil market ，soybean oil accounts for 28%
If you check infant formula, it has palm oil in it.