Indian Economy: News and Discussion

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
The Foreign Direct Investment (FDI) inflow into Indian automotive* industry during the period April 2000-June 2020 stood at US$ 24.53 billion as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT).

Some of the recent investments made/planned in the Indian auto components sector is as follows:

1 . In October 2020, Japan Bank for International Cooperation (JBIC) agreed to provide US$ 1 billion (Rs. 7,400 crore) to SBI (State Bank of India) for funding the manufacturing and sales business of suppliers and dealers of Japanese automobile manufacturers as well as providing auto loans for the purchase of Japanese automobiles in India.

2 . In October 2020, the government of Tamil Nadu signed 14 memorandum of understandings (MoU) worth Rs. 10,055 crore (US$ 1.4 billion) that will generate 69,712 jobs in the state.

3 . In September 2020, off-highway tyre-maker Alliance Tire Group (ATG), owned by the Japanese major Yokohama Group, announced plans to set up its third plant in the country in Visakhapatnam, with an investment of US$ 165 million (Rs. 1,240 crore). The proposed plant will add over 20,000 tonnes per annum (55 tonnes per day rubber weight) capacity to the 2.3-lakh-tonne annual production from two India plants and will be commissioned by the first quarter of 2023.

4 . In September 2020, Toyota Kirloskar Motors announced investments of Rs. 2,000+ (US$ 272.81 million) aimed towards electric components and technology.

5 . In February 2020, National Engineering Industries Ltd (NEIL) announced investment of Rs. 100 crore (US$ 14.31 million) over the next three years for producing needle roller bearing at its Jaipur facility.

6 . In January 2020, Tata AutoComp Systems entered a joint venture (JV) with Beijing-based Prestolite Electric to enter the electric vehicle (EV) components market.

7 . In October 2019, Minda Industries acquired Germany-based automotive lamps firm Delvis Gmbh along with two of its subsidiaries for Rs. 164 crore (US$ 23.47 million).

8 . In August 2019, Eaton partnered with Pune-headquartered technology firm KPIT.

9 . In April 2019, Durr, a German automotive painting and sealing company, entered a partnership with Patvin to provide automated painting solutions for two or three wheelers and agricultural machinery for the Indian markets.

10 . As of January 2019, Lite Auto Components Pvt Ltd, a part of Hindustan Magnesium Products Pvt Ltd, planned to invest Rs. 500 crore (US$ 69.30 million) to set up Magnesium-based manufacturing plant in Andhra Pradesh.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
In order to keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry during the last few months. The industry has attracted Foreign Direct Investment (FDI) worth US$ 24.53 billion between April 2000 and June 2020, according to the data released by Department for Promotion of Industry and Internal Trade (DPIIT).

Some of the recent/planned investments and developments in the automobile sector in India are as follows:

1 . In November 2020, Mercedes Benz partnered with the State Bank of India to provide attractive interest rates, while expanding customer base by reaching out to potential HNI customers of the bank.

2 . Hyundai Motor India invested ~Rs. 3,500 crore (US$ 500 million) in FY20, with an eye to gain the market share. This investment is a part of Rs. 7,000 crore (US$ 993 million) commitment made by the company to the Tamil Nadu government in 2019.

3 . In October 2020, Kinetic Green, an electric vehicles manufacturer, announced plan to set up a manufacturing facility for electric golf carts besides a battery swapping unit in Andhra Pradesh. The two projects involving setting up a manufacturing facility for electric golf carts and a battery swapping unit will entail an investment of Rs. 1,750 crore (US$ 236.27 million).

4 . In October 2020, Japan Bank for International Cooperation (JBIC) agreed to provide US$ 1 billion (Rs. 7,400 crore) to SBI (State Bank of India) for funding the manufacturing and sales business of suppliers and dealers of Japanese automobile manufacturers and providing auto loans for the purchase of Japanese automobiles in India.

5 . In October 2020, MG Motors announced its interest in investing Rs. 1,000 crore (US$ 135.3 million) to launch new models and expand operations in spite of the anti-China sentiments.

6 . In October 2020, Ultraviolette Automotive, a manufacturer of electric motorcycle in India, raised a disclosed amount in a series B investment from GoFrugal Technologies, a software company.

6 . In September 2020, Toyota Kirloskar Motors announced investments of more than Rs 2,000 crore (US$ 272.81 million) in India directed towards electric components and technology for domestic customers and exports.

7 . During early September 2020, Mahindra & Mahindra singed a MoU with Israel-based REE Automotive to collaborate and develop commercial electric vehicles.

8 . In April 2020, TVS Motor Company bought UK’s iconic sporting motorcycle brand, Norton, for a sum of about Rs. 153 crore (US$ 21.89 million), making its entry into the top end (above 850cc) segment of the superbike market.

9 . In March 2020, Lithium Urban Technologies partnered with renewable energy solutions provider, Fourth Partner Energy, to build charging infrastructure across the country.

10 . In January 2020, Tata AutoComp Systems, the auto-components arm of Tata Group entered a joint venture with Beijing-based Prestolite Electric to enter the electric vehicle (EV) components market.

12 . In December 2019, Force Motors planned to invest Rs. 600 crore (US$ 85.85 million) to develop two new models over the next two years.

13 . In December 2019, Morris Garages (MG), a British automobile brand, announced plans to invest an additional Rs. 3,000 crore (US$ 429.25 million) in India.

14 . Audi India planned to launch nine all-new models including Sedans and SUVs along with futuristic E-tron EV by end of 2019.

15 . MG Motor India planned to launch MG ZS EV electric SUV in early 2020 and have plans to launch affordable EV in the next 3-4 years.

16 . BYD-Olectra, Tata Motors and Ashok Leyland will supply 5,500 electric buses for different state departments.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), cement and gypsum products attracted Foreign Direct Investment (FDI) worth US$ 5.28 billion between April 2000 and March 2020.

Some of the major investments in Indian cement industry are as follows:

1 . In December 2020, the company planned to invest Rs. 5,477 crore (US$ 776.99 million) to raise its capacity by 12.8 mtpa. The expansion includes existing approval for the cement plant at Pali in Rajasthan, in addition to capacity expansion of 6.7 mtpa that is currently underway in Uttar Pradesh, Odisha, Bihar and West Bengal.

2 . In November 2020, Ramco Cements Ltd. acquired an additional stake worth Rs 2.48 crore (US$ 335.34 thousand) in Lynks Logistics.

3 . In November 2020, Dalmia Cement has signed a contract with Paytm for digitising its payment processes. Paytm will help customers purchase Dalmia Cement products from >30,000 dealers and distributors across 22 Indian states and union territories using Paytm Wallet, Unified Payments Interface (UPI) and other cashless modes of payment.

4 . In October 2020, Dalmia Bharat Group announced plans to invest ~Rs 2,000 crore (US$ 270.44 million) for setting up a cement plant in Kalaburgi, Karnataka.

5 . JK cement planned to invest Rs. 1,700 crore (US$ 246.7 million) to increase its production capacity to 15 million tonnes by end of 2020.

6 . In November 2020, Shiva Cement Ltd, a subsidiary of JSW Cement Ltd, has announced plans to invest over Rs. 1,500 crore (US$ 203.21 million) in a new 1.36 million tonne per annum clinker unit project in Odisha.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
A few recent developments/investments in the Indian chemical sector are as follows:

1 . In November 2020, Indian companies are witnessing interest from strategic investors led by Japan, Korea and Thailand, as they seek to diversify supply chains from China. This includes large deals in FY 2020—KKR’s $414 million acquisition of JB Chemicals and Pharmaceuticals Ltd. and Carlyle’s US$ 210 million acquisition of SeQuent Scientific Ltd.

2 . On November 06, 2020, HIL (Hindustan Insecticides Limited) signed a memorandum of understanding with the Department of Chemicals & Petro Chemicals to achieve revenue target of Rs. 451 crore (US$ 60.86 million).

3 . On November 04, 2020, Pidilite Industries acquired Huntsman Group's Indian subsidiary for Rs. 2,100 crore (US$ 283.38 million) to strengthen adhesives and sealants portfolio that will complement the company's retail portfolio.

4 . In October 2020, Grasim Industries signed a definitive agreement with Lubrizol Advanced Materials (speciality chemical company) to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in Gujarat. The initial production is expected to begin in end-2022.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
According to Department for Promotion of Industry and Internal Trade, between April 2020 and October 2020, exports of electronic goods from India stood at US$ 5.05 billion.

Following are some recent investments and developments in the Indian consumer market sector.


1 . In November 2020, Saudi Arabia's Public Investment Fund invested Rs 9,555 crore (US$ 1.29 billion) in Reliance Retail, taking the total fundraise in the last two months to Rs 47,265 crore (US$ 6.37 billion).

2 . In November 2020, three private equity funds—Investcorp, Norwest Venture Partners and Gaja Capital together invested ~Rs. 800 crore (US$ 110 million) to acquire ~ 31% stake in Xpressbees, the e-commerce focussed end-to-end supply chain solutions provider.

3 . In November 2020, Pegatron Corp., an iPhone assembler in Taiwan, announced its plans to invest US$150 million in building a plant in India.

4 . In October 2020, the Karnataka government approved a Rs. 3,540 crore (US$ 482.63 million) investment by Aequs SEZ Private Limited to develop a consumer electronics and durables goods (CEDG) cluster in Hubballi—about 430 kms from Bengaluru.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
Foreign Direct Investment (FDI) equity inflow in the defence sector for April 2000 – June 2020 stood at US$ 9.52 million (Rs. 56.88 crore) as per data released by the Department for Promotion of Industry and Internal Trade (DPIIT).


1 . In December 2020, the Indian Military acquired Sea Guardian drones from the US under the 2018 Communications Compatibility and Security Agreement, which facilitates secure exchange of military information and data between platforms operated by both countries. The partnership eases way by which India can buy unmanned aerial vehicles (UAVs) and promotes greater India-US cooperation on maritime domain awareness.

2 . In December 2020, The Economic Times reported that India is planning to develop an air-launched swarm drone system to overwhelm Chinese air defenses, giving their fighter jets an edge in any potential conflict. The development process of the project is expected to take four years. State-owned aerospace and defense manufacturing company Hindustan Aeronautics Ltd. is partnering with two start-ups to work on the project, according to The Economic Times.

3 . In December 2020, India and Vietnam agreed to collaborate on numerous domains such as shipbuilding, surface and subsurface capacities such as submarines at sea. Both sides also signed the agreement on Hydrographic cooperation that will enable sharing Hydrographic data and assist in the production of navigational charts.

4 . In December 2020, The Economic Times reported that India is developing very high altitude and long endurance unmanned aircraft for surveillance and reconnaissance purposes. The vehicle is being designed to fly 70,000 feet for a period of days, providing real-time feedback to controllers while remaining beyond the range of most air defense systems.

5 . In December 2020, Advanced Towed Artillery Gun System (ATAGS) development reached the last stages of its trial and reportedly, could soon be inducted into the Indian Army. ATAGS is being developed by the Defence Research Development Organisation’s (DRDO) Armament Research Development Establishment (ARDE) Pune, Defence Electronics Application Laboratory, Dehradun, and the Centre for Artificial Intelligence and Robotics, Bengaluru, along with major corporates such as Bharat Forge, TATA Power SED, Ashok Leyland and Cummins.

6 . In November 2020, the fifth Scorpene submarine of Project-75 ‘Vagir’ was launched at Mazagon Dock Shipbuilders Limited (MDL) in Mumbai, positioning India as a submarine building country and contributing to the government’s 'Make in India' and 'Aatmanirbhar Bharat' initiatives.

7 . On October 29, 2020, the Indian Army developed a ‘Secure Internet Application (SAI)’, a simple and secure message framework, which supports stable end-to-end voice, text and video calling services on an android platform.

8 . On October 28, 2020, the Indian Army introduced the ‘Infrastructure Management System (IMS)’ software to empower defence stakeholders, make operations more efficient and transparent, and enhance accountability.

9 . On October 27, 2020, India and the US signed the ‘Basic Exchange and Cooperation Agreement for Geo-Spatial Cooperation (BECA)’ to strengthen defence ties between the two countries.
 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
7,300
Likes
27,599
Country flag
Nibba @Haldilal , what do you think about those 5 trillion and 10 trillion target , also what would be our economy suze in 2035 , and can we expect some currency appreciation
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
India requires investment worth Rs. 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country. India is witnessing significant interest from international investors in the infrastructure space. Some of the key investments made in the sector are listed below:


1 . Large investment in infrastructure has seen momentum as overall PE (private equity)/VC (venture capital) investment touched an all-time high of US$ 14.5 billion in 2019.

2 . The largest deal was done by Abu Dhabi Investment Authority, Public Sector Pension Investment Board and National Investment and Infrastructure Fund as they made investment worth US$ 1.1 billion in GVK Airport Holdings Ltd.

3 . In FY20, the cumulative growth of eight core industries stood at 0.6%.

4 . In December 2020, Oil Minister, Mr. Dharmendra Pradhan stated that as the government pushes for increased use of cleaner fuels to reduce carbon emissions, India is likely to see a US$ 66 billion investment in the construction of gas infrastructure. The government is planning to increase the share of natural gas in its energy portfolio from the existing 6.3% to 15% by 2030.

5 . In December 2020, Mr. Nitin Gadkari, the Union Minister for Road Transport, Highways and MSMEs, inaugurated and laid the foundation stones for 15 Nagaland National Highway (NH) projects. These NH projects have a length of ~266 kms, including costs of ~Rs. 4127 crore (US$ 560.45 million).

6 . In November 2020, the National High Speed Rail Corporation Limited (NHSRCL) signed a contract with Larsen & Toubro (L&T) to design and construct a 237 kms long viaduct between Vapi (Maharashtra-Gujarat border village of Zaroli) and Vadodara (Gujarat). This high-speed rail corridor implementation agreement is the biggest infrastructure contract for construction and design in the country.

7 . In November 2020, the Union Cabinet approved Rs. 2,480 crore (US$ 337.35 million) foreign direct investments (FDIs) in ATC Telecom Infra Pvt. Ltd.

8 . In November 2020, Warburg Pincus-backed logistics real estate firm, ESR India signed an agreement with the Maharashtra government to invest Rs. 4,310 crore (US$ 578.88 million) to set up 11 industrial and logistics parks around Mumbai and Pune.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
With the help of Make in India drive, India is on a path of becoming the hub for hi-tech manufacturing as global giants such as GE, Siemens, HTC, Toshiba, and Boeing have either set up or are in process of setting up manufacturing plants in India, attracted by India's market of more than a billion consumers and an increasing purchasing power.

According to The Conference on Trade and Development (UNCTAD), India ranked among the top 10 recipients of Foreign Direct Investment (FDI) in The Indian Sub continent in 2019, attracting US$ 49 billion—a 16% increase from the previous year.

Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached US$ 89.40 billion during April 2000 March 2020. In May 2020, the Government of India increased FDI in defence manufacturing under the automatic route from 49% to 74%.

India has become one of the most attractive destinations for investment in the manufacturing sector. Some of the major investments and developments in this sector in the recent past are:

1 . In November 2020, the National Small Industries Corporation (NSIC) signed a Memorandum of Understanding (MoU) with Dun & Bradstreet Information Services India to create an ecosystem to encourage, finance and promote growth of micro, small and medium enterprises (MSMEs).

2 . In October 2020, Japan Bank for International Cooperation (JBIC) agreed to provide US$ 1 billion (Rs. 7,400 crore) to SBI (State Bank of India) for funding the manufacturing and sales business of suppliers and dealers of Japanese automobile manufacturers and providing auto loans for the purchase of Japanese automobiles in India.

3 . In October 2020, Tata Group announced plans to invest Rs. 5,000 crore (US$ 673.20 million) to set up an Apple phone component plant in Hosur, Tamil Nadu.

4 . In October 2020, Grinntech, an investor-backed startup specialising in lithium-ion batteries for Evs and energy storage systems, signed a MoU with the Tamil Nadu government to establish a battery and battery management system manufacturing facility in the state.

5 . In October 2020, five international electronics manufacturing applications from companies such as Foxconn, Wistron, Pegatron, Samsung and Rising Star have been approved by the Government of India to set up production worth Rs. 9 trillion (US$ 122.5 billion) over the next five years.

6 . In October 2020, five Indian manufacturers such as Micromax, Lava, Padget Electronics, UTL Neolyncs and Optiemus Electronics have been cleared by the Government of India to set up handset production worth Rs. 1.25 trillion in the next five years (US$ 17.02 billion).

7 . In September 2020, Pegatron, the second-largest manufacturer of Apple after Foxconn, began its India operations with the appointment of statutory auditors and transfer of Rs. 99 lakh (US$ 0.1 million) for an initial subscription of equity shares. The move is a precursor for the Taiwanese electronics maker to set up a manufacturing base in India.

8 . In May 2020, Sterling and Wilson Solar Limited (SWSL) bagged an Engineering Procurement Construction (EPC) contract in Australia for Rs. 2,600 crore (US$ 368.85 million).

9 . In March 2020, Oricon Enterprises entered into a joint venture agreement with Italy-headquartered Tecnocap Group to set up a new company, Tecnocap Oriental, for manufacturing lug caps.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
Indian real estate sector has witnessed high growth in the recent times with rise in demand for office as well as residential spaces. Real estate attracted around Rs. 43,780 crore (US$ 6.26 billion) in investment in 2019. The retail segment attracted PE (Private Equity) investment of around US$ 1 billion in 2019. Institutional investment in the sector stood at US$ 712 million during the quarter ended March 2020. Real estate attracted around US$ 14 billion from foreign PE between 2015 and Q32019.

Exports from SEZs reached Rs. 7.96 lakh crore (US$ 113.0 billion) in FY20 and grew ~13.6% from Rs. 7.1 lakh crore (US$ 100.3 billion) in FY19.

According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), construction is the third-largest sector in terms of FDI inflow. FDI in the sector (including construction development and construction activities) stood at US$ 42.97 billion between April 2000 and September 2020.

Some of the major investments and developments in this sector are as follows:


1 . In November 2020, Taj Group partnered with real estate company Ambuja Neotia Group to launch three new hotels—two in Kolkata and one in Patna.

2 . The Godrej Group has forayed into the financial services industry with Godrej Housing Finance (GHF) through which it hopes to build a long-term and sustainable retail financial services business in India, aiming for a balance sheet of Rs. 10,000 crore (US$ 1.35 billion) in the next three years.

3 . In October 2020, Brookfield Asset Management made a massive investments in India through a US$ 2 billion real estate deal. Brookfield will buy 12.5 million square feet of commercial real estate assets from privately held developer RMZ Corp. The purchase includes rent-yielding office space and commercial co-working space.

4 . In October 2020, Rajasthan-based realty developer, Bhumika Group, announced its plans to invest Rs. 450 crore (US$ 60.81 million) in two residential and one retail project in Udaipur, Alwar and Jaipur, respectively.

5 . In October 2020, Australia’s REA Group Ltd. announced its agreement to acquire a controlling interest in Elara Technologies Pte. Ltd, the owner of Housing.com, PropTiger.com and Makaan.com.

6 . According to the property consultant, Anarock, India is likely to have 100 new malls by 2022. Of this number, 69 malls in will be built in the top seven metropolis and the remaining 31 malls will be in Tier 2 & 3 cities.

7 . In March 2020, the Government approved proposals from TCS and DLF to set up SEZs for IT sector in Haryana and Uttar Pradesh.

8 . Blackstone crossed US$ 12 billion investment milestone in India.

9 . Puravankara Ltd, a realty firm, plans to invest around Rs. 850 crore (US$ 121.6 million) over the next four years to develop three ultra-luxury residential projects in Bengaluru, Chennai and Mumbai.

10 . First REIT, which raised Rs. 4,750 crore (US$ 679.64 million), was launched in the early 2019 by global investment firm Blackstone and realty firm Embassy group.

11 . In January 2020, RMZ Corp entered into a strategic and equal partnership with Mitsui Fudosan (Asia) Pte Ltd to expand its business footprint.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
Indian IT's core competencies and strengths have attracted significant investment from major countries. The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 62.47 billion between April 2000 and September 2020. The sector ranked 2nd in FDI inflows as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT).

Leading Indian IT firms like Infosys, Wipro, TCS and Tech Mahindra are diversifying their offerings and showcasing leading ideas in blockchain and artificial intelligence to clients using innovation hubs and research and development centres to create differentiated offerings.

Some of the major developments in the Indian IT and ITeS sector are as follows:

1 . In December 2020, Tata Consultancy Services (TCS) has expanded its business operations in Austin, Texas, with the construction of a new facility. By 2022, TCS plans to hire an additional 130 new employees in Austin. Over the next seven years, TCS plans to invest more than US$ 100 million in Austin.

2 . In December 2020, Tata Consultancy Services (TCS) has expanded its strategic partnership with Star Alliance (airline alliance) to provide predictive and real-time business analytics, improve customer experience and accelerate digital transformation.

3 . In December 2020, Infosys partnered with Rolls-Royce for aerospace engineering in India.

4 . In December 2020, Wipro collaborated with Verifone for a multi-year contract to drive agility across its (Verifone) cloud service offerings.

5 . In December 2020, Infosys Finacle, part of EdgeVerve Systems, (a subsidiary of Infosys), and RBL Bank, announced a collaboration to migrate the bank’s on-premise deployment to a containerised ecosystem, which is managed by Kubernetes and has been certified by Cloud Native Computing Foundation (CNCF).

6 . In December 2020, Infosys launched Infosys Modernisation Suite to help organisations accelerate their cloud modernisation needs.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), the petroleum and natural gas sector attracted FDI worth US$ 7.86 billion between April 2000 and September 2020.

Following are some of the major investments and developments in the oil and gas sector:


1 . The Indian oil and natural gas sector is likely to witness an investment of US$ 206 billion in the next eight to ten years.

2 . In December 2020, The Indian Oil Corporation (IOCL) announced plans to invest Rs. 1,689 crore (US$ 228.81 million) in new projects in Andhra Pradesh. This includes Rs. 1,522 crore (US$ 206.19 million) on petro products infrastructure and Rs.167 crore (US$ 22.62 million) on LPG storage facilities.

3 . In December 2020, Indian Oil launched a world-class premium grade Petrol (Octane 100) in India. Branded as XP100, the premium-grade petrol was launched across 10 cities.

4 . In November 2020, home-grown commercial vehicle and auto parts manufacturer JBM signed an MoU with the Ministry of Petroleum and Natural Gas (MoPNG), Govt. of India, for the development of Compressed Biogas (CBG) Projects. As part of the MoU, the renewable subsidiary of the company, JBM Renewables will endeavor to establish and operate 500 CBG production projects pan India.

5 . In October 2020, Torrent Gas Ltd. announced plan to spend Rs. 8,000 crore (US$ 1.1 billion) over the next five years to expand its urban gas operations with the aim of setting up 500 CNG dispensing pumps by March 2023.

6 . On September 15, 2020, PM Mr. Narendra Modi inaugurated three petroleum sector projects in Bihar worth more than Rs. 900 crore (US$ 122 million).

7 . In March 2020, Indian Oil Corp (IOC) began supply of the world's cleanest petrol and diesel across the country with all its 28,000 petrol pumps dispensing ultra-low sulphur fuel a good two weeks before the April 1 deadline.

8 . Indian Oil Corporation (IOC) plans to invest Rs. 500 crore (US$ 71.54 million) at Chitradurga in Karnataka.

9 . ExxonMobil and ONGC signed a memorandum of understanding (MoU) for offshore blocks.

10 . Foreign investors will have opportunities to invest in projects worth US$ 300 billion in India as the country looks to cut reliance on oil import by 10% by 2022 according to Mr. Dharmendra Pradhan, Minister of Petroleum and Natural Gas, Government of India.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars

1 . In November 2020, Mormugoa Port Trust (MPT), operator of the western Indian port of Mormugoa, extended concessions on iron ore imports and export freight traffic until June 2021 to help ease India's iron ore shipping trade amidst the COVID-19 pandemic.

2 . In November 2020, JSW Infrastructure completed the acquisition of Chettinad Group’s port business for ~Rs 1,000 crore (US$ 135.50 million). This acquisition will enable JSW Infrastructure to gain ownership and operational control of a deep draft international coal terminal and a bulk terminal at Kamarajar Port Limited (KPL) as well as coal and bulk commodity terminal at New Mangalore Port Trust (NMPT).

3 . In October 2020, Adani Ports and Special Economic Zone Limited (APSEZ) completed the acquisition of Krishnapatnam Port Company Ltd. (KPCL) for an enterprise value of Rs 12,000 crore (US$ 1.63 billion).

4 . In July 2020, Adani Ports and Special Economic Zone (SEZ) Ltd, launched an offshore bond offering, raising ~US$ 750 million.

5 . In November 2019, JSW Infrastructure commissioned a new iron ore terminal at the Paradip port in Odisha with a capacity to handle up to 18 million tonnes of cargo per annum.

6 . In November 2019, first ever movement of container cargo on Brahmaputra (National Waterway -2), focused on improving the connectivity to North Eastern Region (NER).

7 . In October 2019, Ease of Doing Business-Implementation of Radio Frequency Identification (RFID) based Port Access Control System (PACS) at Kolkata Dock System (KDS) was introduced.

8 . JSW Infrastructure entered into built-operate-transfer agreement with Paradip Port Trust at an investment of Rs 750 crore (US$ 107.31 million) to operate Paradip port.

9 . In August 2019, India became the first country in the world to issue Biometric Seafarer Identity Document (BSID), capturing the facial bio-metric data of seafarers.

10 . Adani Port and Special Economic Zone (APSEZ) became the first Indian port operator to handle cargo movement of 200 million tonnes (MT) in 2018-19.

11 . The Indian Minister for Shipping, Road Transport and Highways, Mr. Nitin Gadkari, announced a massive investment in India’s ports and roads sector, which is likely to boost country’s economy. The Indian Government plans to develop 10 coastal economic regions as part of plans to revive the country’s Sagarmala (string of ports) project.

12 . The zones would be converted into manufacturing hubs, supported by port modernisation projects, and could span 300-500 kms of the coastline. The Government is also looking to develop the inland waterway sector as an alternative to road and rail routes to transport goods to the nation’s ports and hopes to attract private investment in the sector.

13 . Ports sector in India has received a cumulative FDI worth US$ 1.63 billion between April 2000 and June 2020.

15 . Indian ports and shipping sector witnessed nine M&A deals worth US$ 381 million in 2019.
 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
7,300
Likes
27,599
Country flag
We are sloth in case of manufacturing , and wheter we like it or not ,modi has till now haven't done anything substantial , small steps aren't helping , no privatising of psu fast tracked , no major fta , 10 trillion promise is white elephant if nothing is done now , pli and all are some good but not enough , we need 100, but only 30 is our rate .
Don't know whether we have any plan to challenge china or just trying to be a significant player
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
During FY20 (till February 2020), India exported basmati rice worth US$ 3.88 billion, buffalo meat worth US$ 3.01 billion, non-basmati rice worth US$ 1.84 billion and other processed foods worth US$ 2.71 billion.

During FY21 (till October 2020), India exported basmati rice worth US$ 2.43 billion, non-basmati rice worth US$ 2.33 billion, and buffalo meat worth US$ 1. 72 billion.

Indian agricultural/horticultural and processed foods are exported to more than 100 countries/regions, chief among them being the Middle East, Southeast Asia, SAARC countries, the EU, and the US.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars
Total export of chemicals which include dyes and dye intermediates, organic chemicals, inorganic chemicals, agro-chemicals, cosmetics & toiletries, and castor oil stood at US$ 19.09 billion during the year 2018-19 and stood at US$ 43.14 billion during FY20 (till March 2020 provisional).

The US, the UAE, the UK, Bangladesh and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils.

From April 2019 to January 2020, export of dyes increased 9.12% y-o-y to US$
2.27 billion. During the period, export of essential oils increased 22.33% to US$ 171.79 million, cosmetics and toiletries increased 5.62% to US$ 1,444.15 million, while castor oil export stood at US$ 769.05 million. Export of inorganic, organic and agro-chemicals stood at US$ 863.38 million, US$ 7.14 billion, and US$ 2.83 billion between April 2019 to January 2020, respectively.

Total export of chemicals which include dyes and dye intermediates, organic chemicals, inorganic chemicals, agro-chemicals, cosmetics & toiletries, and castor oil stood at US$ 8.17 billion between April 2020 to September 2020.

The total organic & inorganic chemicals export accounted for US$ 13.85 billion from April to November 2020 and for November 2020 it was US$ 1.69 billion.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars

1 . In FY19, India’s engineering export stood at US$ 81.02 billion and for FY20, it stood at US$ 75.97 billion.

2 . Engineering contributes 25% of India’s total exports in goods and is its largest foreign exchange earner.

3 . The engineering sector has a 30% weight in India’s Index of Industrial Production.

4 . Out of 209 export destinations of Indian engineering goods, top 25 nations accounted for 75.49% of India's total engineering export in 2018-19.

5 . During April 2019-January 2020, top 25 nations accounted for 75.2% of India's total engineering export.

6 . The engineering goods export was US$ 45.80 billion in April–November 2020 and for November 2020, it was US$ 5.89 billion.

7 . The top three destination of Indian engineering exports during April–July 2020-21 were USA, China, and Singapore.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,971
Country flag
Ya'll Nibbiars

1 . In FY19, export of manmade staple fibre stood at US$ 572 million. Export of manmade yarn, fabrics and made up’s stood at US$ 4.9 billion, whereas those for readymade garments of manmade fibres reached US$ 3.85 billion during the same period.

2 . During April 2020 to September 2020, export of manmade staple fibre stood at US$ 545.80 million and in September 2020 it was US$ 117.89 million.

3 . Yarn export in October 2020, accounted to US$575 million.

4 . India is second largest world producer of polyester and viscose, but India is ranked sixth in export of Manmade Fibre (MMF) textiles.
 

Latest Replies

Global Defence

New threads

Articles

Top