Indian Economy: News and Discussion

[Haldilal]

Ya'll Nibbiars

Godrej Properties inks pact to develop 7-lakh-sq-ft residential project in Mumbai’s Kandivali

This project is an extension of Godrej Tranquil and Godrej Nest and will offer around 7 lakh sq ft of saleable area.

m.economictimes.com

 

[Haldilal]

Ya'll Nibbiars

Tata Tiago crosses 4 lakh cumulative sales-mark

Tata Motors on Thursday said its entry-level hatchback Tiago has crossed the 4 lakh cumulative sales mark. The Mumbai-based auto major launched the model in 2016 under its impact design philosophy.

m.economictimes.com

 

[Physx32]

But why the F is Electronics and Electricals still so high.

Electronics is expected. Indian factories only does screwdriver giri. Almost all components (like ICs, memory, display and passive components are imported). Same for electrical equipment.

 

[Haldilal]

Ya'll Nibbiars

Mahindra Lifespace Developers to acquire M&M’s 9.2-acre land parcel in Mumbai

“We are delighted to get this opportunity to monetise an unused land parcel, which is less than 10% of our entire land in Kandivali and will not have any impact on the operations of the company as no operations of the auto and farm sectors are carried out on the land being sold,” said Rajeev...

m.economictimes.com

 

[Haldilal]

Electronics is expected. Indian factories only does screwdriver giri. Almost all components (like ICs, memory, display and passive components are imported). Same for electrical equipment.

Ya'll Nibbiars even the Tata Instrument Foundry is currently a assembly units. The whole manufacturer facilities will be built once the business case is proven. And 3,000 crores for this test case is a high amounts.

 

[gajapati]

Discussion on NITI ayog battery swapping policy

 

[karn]

Indian test reactor reaches operation landmark : New Nuclear - World Nuclear News

India's fast breeder test reactor has reached its full 40 MWt design power level for the first time, more than 35 years since it first started operating. The test reactor, which has an underpinning role in India's preparation for a thorium-based closed fuel cycle, had previously been limited to...

www.world-nuclear-news.org

2023 construction start for Indian reactor fleet : New Nuclear - World Nuclear News

India is preparing to start building reactors in "fleet" mode from next year, beginning with the first concrete for two 700 MWe pressurised heavy water reactors at Kaiga in Karnataka, Department of Atomic Energy officials have told a parliamentary panel.

www.world-nuclear-news.org

There was a large increase of funding for DAE.
Looks like things are moving on the nuclear front .

 

[Butter Chicken]

India plans an e-commerce industry free from Amazon’s control

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

 

[fire starter]

 

[Haldilal]

Ya'll Nibbiars

Micromax In 2C entry-level smartphone launched, priced at Rs 8,499 - Times of India

Micromax IN 2C is here. Micromax has expanded its smartphone lineup with the launch of its latest entry-level smartphone -- Micromax In 2C. The smartp

timesofindia.indiatimes.com

 

[Haldilal]

India plans an e-commerce industry free from Amazon’s control

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

Ya'll Nibbiars The ONDC will rock the e commercial world wide already 100 percent stake sold out to majority taken by the Banks. And it's a private entity supported by the Governments.

 

[Haldilal]

Ya'll Nibbiars While other Indian metros have also witnessed substantial demand and investments for setting up new DC facilities, Mumbai is still slated to lead the race in 2023 too with its capacity expecting to reach 600 MW more than 50 percent.

Why Mumbai continues to be India’s datacenter hub - ET CIO

Despite massive demand coming from tier 2 cities, Mumbai continues to attract majority of datacenter invests as the city benefits from the availability of reliable power, cable landing stations, BFSI demand, telecom hub, and the absence of any major natural threats.

cio.economictimes.indiatimes.com

 

[Haldilal]

Ya'll Nibbiars The real reason why the RIL takeover failed the Debt laden Future Retail Ltd.’s offshore bondholders a relatively smaller part of the creditor pool were promised 100 Percents payment in the rescue offer from billionaire Mukesh Ambani. The Indian lenders were asked to take a haircut of as much as 66 Percents.

The unequal treatment led to the move last week, when the local banks rebuffed the $3.2 billion offer from Ambani’s conglomerate. Reliance Industries Ltd. announced the purchase plan in August 2020 but struggled to complete the transaction in the face of legal challenges mounted by Amazon.com Inc., which argued it had the first right of refusal contractually.

Bank of India and State Bank of India, the main bankers to Future Retail, didn’t immediately respond to emails seeking comment on reasons for voting down the deal. Representatives for Future Group and Reliance also didn’t immediately comment.

State-run lenders risked probes from federal agencies if they accepted these discriminatory terms, they said, explaining their preference now for a court-mediated insolvency process where bids are called in and there’s no risk of them being accused of cutting a bad deal. Bank of India has already requested an Indian court to initiate the process.

 

[gajapati]

In a race to become India's first chip maker, Vedanta Ltd is seeking 1,000 acres (405 hectares) of free land from states and other incentives for its $20 billion foray into semiconductor and display manufacturing . three Indian states, Telangana and Karnataka in the south, and Maharashtra in west are in radar . plants to eventually consume about 40 million litres of water daily. That would be roughly the amount of water required for a city with more than 300,000 people

Vedanta seeks free land, cheap water, power in race to be India's 1st chipmaker

Vedanta in February said it will diversify into chip manufacturing and announced plans to form a joint venture with Taiwan's Foxconn to support Prime Minister Narendra Modi's plans to make India a semiconductor manufacturing hub

www.livemint.com

Where ever this plant comes up .. The state govt should build few water reservoir near by to trap rain water during monsoon in my opinion .

 

[karn]

In a race to become India's first chip maker, Vedanta Ltd is seeking 1,000 acres (405 hectares) of free land from states and other incentives for its $20 billion foray into semiconductor and display manufacturing . three Indian states, Telangana and Karnataka in the south, and Maharashtra in west are in radar . plants to eventually consume about 40 million litres of water daily. That would be roughly the amount of water required for a city with more than 300,000 people

Vedanta seeks free land, cheap water, power in race to be India's 1st chipmaker

Vedanta in February said it will diversify into chip manufacturing and announced plans to form a joint venture with Taiwan's Foxconn to support Prime Minister Narendra Modi's plans to make India a semiconductor manufacturing hub

www.livemint.com

Where ever this plant comes up .. The state govt should build few water reservoir near by to trap rain water during monsoon in my opinion .

Heres the question though .. What incentive is there for a state to do all this. This is not a large employment generator. And most employees will come from outside the state.

 

[Butter Chicken]

Heres the question though .. What incentive is there for a state to do all this. This is not a large employment generator. And most employees will come from outside the state.

From the article-

Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source.

Not to mention it will boost image of the state for other firms looks to set up industries

 

[gajapati]

Heres the question though .. What incentive is there for a state to do all this. This is not a large employment generator. And most employees will come from outside the state.

States ll get tax revenue of 2.2 billion $ . Will create create up to 100,000 direct and indirect jobs ..

!00000 jobs enough to change the economy of a region no matter whether employees are from outside or inside and increase the land value and all kinds of related service sector economy in surrounding .

this will also create a ecosystem for further growth of related industry in the region ..

And all state govt should remain in good books of big companies for growth of their states ..

 

[Swesh]

Maximum rainwater , minimum or low communist intervention should be criteria

 

[Butter Chicken]

JSW Steel Limited and Apollo Hospitals became the first major corporations to buy land in Jammu and Kashmir after the scrapping of Article 370 in 2019 to set up their units in the region

 

[gajapati]

Prime Minister Narendra Modi, Ratan Tata inaugurate seven state-of-the-art cancer hospitals in Assam .
Assam Cancer Care Foundation, a joint venture of the Government of Assam and Tata Trusts, is executing a project to build South Asia's largest affordable cancer care network with 17 Cancer care hospitals spread across the state. Largest cancer care treatment to benefit Assam as well as South East Asia