Indian Economy: News and Discussion

[Abbey]

Gujarat govt prepares elaborate divestment plan of state-run PSUs

Gandhinagar: Following the central government's policy of strategic disinvestment of PSUs, the Gujarat government has begun the process of divesting from the st

psuwatch.com

Gandhinagar: Following the central government’s policy of strategic disinvestment of PSUs, the Gujarat government has begun the process of divesting from the state-run PSUs reported TOI on Friday. It further stated that chief advisor to CM, Hasmukh Adhia has been assigned the responsibility of ensuring disinvestment from state-run PSUs. Citing a source, the report also highlighted that the government could form an expert consultative committee to plan certain aspects of the disinvestment.

‘Resources generated through divestment process to be used for debt restructuring’
“The resources generated through the divestment process will be used for debt restructuring and making more funds available for public projects. As per the estimates stated by the state government, the market value of key state PSUs is around Rs 70,000 crore and the value of their assets is between Rs 1.5 lakh crore and Rs three crore,” it reported.
‘State government will be freed from its debts over 3 lakh cr’
According to sources, if the privatisation exercise is completed as per the plan, then the state government will be freed from its debts over three lakh crores as well as annual burden of paying Rs 20,000 crore as interest on the debt. The report by TOI also stated that in the last five years, the state government has paid Rs one lakh crore interest on its massive public debt.

 

[Haldilal]

this whole thread is raaaw ki saazish..

bahria town has apartments with swimming pools
what does eendiya have? nothing..

=======
Har Flat Main Pool??? | Junaid Akram

When you don't have proper middle class who could be the driver of consumption and not having developed and mature financial markets, the only things you build are things for top 1%. This is a country which barely has a market cap of it's stock market at less than $40 billion. And most of the companies listed are not even high tech. Most of their real estate will be bought by their top 1% and some rich overseas Pakistanis. Imagine building this kind of housing in 1990's even in Mumbai or Delhi, people would laugh at it. Our country was so poor back in the 1990's the only justification you could give for building these expensive high rises is that you are building it for politicians and rich industrialists in India. Pakis on the other hand are so fast in their development they couldn't care less whether there are people who could buy their expensive shitty housing societies. They simply keep on building and building gobbling up all the arable land.

will have to check with @Haldilal whether apartments with swimming pools existed in India in 90's.

palatial bungalows and farmhouses always existed in India, that's for sure.

Ya'll Nibbiars Way back in 80's at Mumbai.

 

[RoaringTigerHiddenDragon]

just out of curiosity, have to wonder if "opinion makers" living in and round delhi are pessimistic and the ones living far away from delhi have a neutral or positive opinions on India's future.

I have heard this. People in America, Europe. Australia appear to be a lot more bullish on India than our local ”experts”. Same goes for Indians who live abroad - non Indians are a lot more optimistic than firangi Indians. Not sure why this is the case. Even in that article the whitey Verizon executive is so optimistic but the desi log are all like no,no,no.

 

[Abbey]

 

[Abbey]

#PromisesDelivered

 

[Kshatriya87]

Tata Ace EV deliveries begin in India, gets 154 km electric range (msn.com)

Tata Motors, India’s largest commercial vehicle manufacturer, today marked a significant leap forward in offering sustainable mobility solutions for intra-city cargo transport by commencing deliveries of the all-new Ace EV, India’s most advanced, zero-emission, four-wheel small commercial vehicle. The first fleet of the revolutionary Ace EV was delivered to leading e-commerce, FMCG and courier companies, and their logistics service providers: Amazon, Delhivery, DHL(Express & Supply Chain), FedEx, Flipkart, Johnson & Johnson Consumer Health, MoEVing, Safexpress and Trent Limited.

 

[Haldilal]

Ya'll Nibbiars

Supreme Universal inks pact to develop 5-acre land parcel in Mumbai’s Chembur

The company has acquired the development rights of the said land parcel through its subsidiary Supreme Sky High LLP and will be investing nearly Rs 1,000 crore to develop the project.

economictimes.indiatimes.com

Kamathipura: Green light for redeveloping Mumbai’s red light area?

Spread over 39 acres, redeveloping the area will open up over 2 mn sq ft of prime property. Each tenant and landlord will get at least a 500-sq-ft apartment.

www.moneycontrol.com

CIDCO extends application deadline for sale of 7.8k affordable homes in Navi Mumbai

The deadline for submission of applications for 7,849 apartments under the mass housing scheme has been extended up to January 23, the state-run planning authority said in a statement

www.moneycontrol.com

Keystone Realtors enters Mumbai eastern suburbs with Rs 1,000-crore project

The real estate company that operates under the brand Rustomjee has bagged the project to redevelop Basant Park in Chembur

www.moneycontrol.com

Mumbai Metro lines 2A and 7 to foster real estate boom, say builders

The two new lines will have a positive impact on the real estate development of the city by offering better connectivity, according to various developers.

indianexpress.com

 

[Haldilal]

Ya'll Nibbiars even smaller metropolitan cities like Nagpur getting World class Commercial development, the day is not far when smaller cities will be the growth engine of the Indian developments. Even Indore is will post about that some day.

 

[Haldilal]

Ya'll Nibbiars

Tonino Lamborghini to explore scope of investment in Kerala, seeks tax relaxations

Lamborghini told minister Rajeev he would conduct detailed follow-up discussions on possible investments in the state..lamborghini. tonino lamborghini. minister Rajeeve. Minister P Rajeev. Angela Kriegar

www.onmanorama.com

Punjab receives investments worth Rs 3,200 cr in textile sector in nine months

Punjab in the last nine months has secured investments of more than Rs 3,200 crores in textiles, technical textiles and apparel sectors, said Investment Promotion Minister Anmol Gagan Mann on Thursday.

knnindia.co.in

Tamil Nadu: Investments Worth Rs 15,000 Crore Approved By Cabinet; 8,000 Jobs Expected To Be Created

The Tamil Nadu Cabinet has approved investments worth over Rs 15,000 crore in various industrial sectors like battery manufacturing for electric vehicles (EVs), automobiles, wireless technology, textiles and oxygen-manufacturing

swarajyamag.com

Hi-Tech Pipes, UP govt ink pact to set up steel unit with Rs 510 crore investment

The Memorandum of Understanding (MoU) has been signed under the Invest UP Programme of the Uttar Pradesh Government, the steel pipes maker said in a statement.

www.moneycontrol.com

 

[Haldilal]

Ya'll Nibbiars New Airlines has been registered with the ROC named Fly91, MD seem to be a aviation veteran and some strong backers. Another ULCC after the Akasha Air. Probably in talks with the Boeing and Dash 8 for potential orders. And will focus on smaller cities. Will add 35 aircraft within few years of the operating and will start it's initial flight from the Goa.

 

[another_armchair]

Zerodha profit surges 86% to Rs 2,094 crore in FY22; revenue up 82%

Zerodha brokerage: Data shows that if Zerodha was listed on the bourses, it would stand to be the 89th most profitable company in terms of profits for FY22

www.business-standard.com

 

[Haldilal]

Ya'll Nibbiars It's FDI raining in the Indian Real Estate.

 

[FalconSlayers]

This is just TCS, many more big tech firms will hire at a similar pace this year.

 

[Kshatriya87]

Apple exported more than $2.5 billion of iPhones from India from April to December (msn.com)

Apple Inc. has exported more than $2.5 billion of iPhones from India from April to December, Bloomberg reported on Monday (January 9). The amount is almost twice the previous fiscal year’s total. The report also highlights how some of the Western tech companies are shifting from China when it comes to production. Apple is among other big names that are exploring alternatives to China.

 

[Kshatriya87]

 

[Arjun Mk1A]

View attachment 188620

Look at telangana's graph

Small State with small population of 4 crores. Also Hyderabad become one of the top notch cities in our country. So significant growth. Just need to develop tier 2 cities like Warangal etc.

Downside, AP got a turd due to bifurcation and now they need to put massive emphasis on developing infrastructure in their State which they are doing it currently.

Budget 2023 may offer Research Linked Incentive scheme for Indian pharma
RLI is expected to provide an extra financial cushion, in addition to the existing R&D sops available to pharmaceutical and biotech companies operating in India.
By JOE MATHEW, Jan 5, 2023 3 min read

Budget may offer Research Linked Incentive scheme for Indian pharma

RLI is expected to provide an extra financial cushion, in addition to the existing R&D sops available to pharmaceutical and biotech companies operating in India

www.fortuneindia.com

We need such schemes for R&D in electronics as well, and for setting up data centres. Data centre investments are booming in India, we should get some more by incentives...

Need incentive scheme for data centres, separate economic zones: TRAI

The telecom regulator has also proposed a new data centre readiness survey for states and a new national body for digitisation, sharing and monetisation of data

www.business-standard.com

PLI>>>DLI>>>RLI . This is the sequence by GOI will move. Mentioned in some swarajya article. Hope in coming years DLI and RLI will start to become dominant out of this three.

 

[Spindrift]

Ya'll Nibbiars even smaller metropolitan cities like Nagpur getting World class Commercial development, the day is not far when smaller cities will be the growth engine of the Indian developments. Even Indore is will post about that some day.

I stayed in Nagpur in the early 2000s. It was pretty ahead of its time then as well when compared with similar towns.

 

[TopWatcher]

Tatas a step closer to giving India its first homegrown iPhone maker

The conglomerate has been in talks with Taiwan' Wistron for months for buying out its 2.2 million square-foot factory just over 50 kilometers east of Bangalore

www.moneycontrol.com

 

[Coalmine]

View attachment 188903

7 rupaye mein doodh kaha mil raha yaar

 

[Kshatriya87]

7 rupaye mein doodh kaha mil raha yaar

You can buy milk of half litre or less also in small towns. Qty is less, money is less.