Indian Economy: News and Discussion

[NutCracker]

Adani's PVC plant in Mundra Gujarat

Very smart. They are using their large solar capacity to power this energy hungry facility. The project was stalled due to the hinderburg stuff but it has resumed i think

https://www.adani.com/newsroom/media-release/media-clarification-on-adani-group-upcoming-pvc-project

Thirdly, given that the project is an energy-intensive process, the Adani Group’s massive renewable capacity of 24+ GW would enable to make this a low carbon-intensive and of its kind projects in this segment. It is also pertinent to understand that the biggest demand for PVC is in agriculture and infrastructure, water pipes, sprinkler systems, etc. materials critical to India’s urbanization drive needed for the modernization of the economy. Out of country’s 4 million tonne of annual PVC demand, 2.5 million tonne is imported for close to 4 billion USD. India manufactures PVC using largely imported oil and other feedstock.

SBI-led consortium to fund Adani Group’s ₹34,000-crore PVC project in Mundra

A consortium of banks led by the State Bank of India has agreed to finance a significant portion of the Adani Group’s ₹34,000-crore polyvinyl chloride (PVC) project in Mundra. This funding marks a major deal for the group after facing allegations from Hindenburg Research earlier this year. The...

www.thehindubusinessline.com

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Not just electricity, but proximity to salt farms is another bonus point. All verticals covered in such proximity, Looks like ideal location.

 

[RoaringTigerHiddenDragon]

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This was a chinese built industrial garment park in Ethiopia. In this set up, the entire infrastructure was already built by a holding company. All investors had to do was buy a shed and set up their machinery, and they can immediately start production. This park had 50,000 workers before the war. Why can't either the government or a private sector build such parks in UP Bihar? Taiwan and korean investors are aggressively building such industrial parks in ASEAN countries right now.


View attachment 239417

A Taiwan company Lotus footwear has built one in Tamil nadu as well. It currently employs 20k workers and more investments are incoming. @RoaringTigerHiddenDragon

I think investors don’t believe in the ability of eastern India to be efficient. It is not just UP. They will doubt access to ports, quality electric power, skilled labor etc. The yogi government has started building industrial parks along expressways but southern India with its ports closer to the international shipping lanes is hard to beat. Even in China, the eastern seaboard is the richest and most industrialized. It took decades before manufacturing moved into hinterland. Eastern UP cannot be successful without establishing the river trade but this river transport can pollute rivers heavily.
Thing about volume manufacturing is scale. I still cannot understand why we cannot manufacture at scale. The DMIC corridor is also there and UP has tough competition from there. Most land in DMIC is barren and there are already a few cities with ready to move in land banks setup. In UP, due to the dense population , availability of land for huge industrial parks is going to be a big challenge. Eastern UP cannot compete at the scale of non-agricultural states like the southern and DMIC states. So, developing Bundelkhand as a node in DMIC is the best strategy. For that, you need a DFC and expressway to connect bundelkhand to DMIC expressways, DFC. But the point is UP has tough competition from a host of other cheap, barren land states with pre-established infrastructure.
UP can compete if UP wallahs say I won’t relocate to other states to work. That will force investors to setup factories in UP. This will happen as UP safety and ease of living has become substantially better.

 

[Covfefe]

Good article on the issue of Tirrupur textile Mills and apparel manufacturing in India generally

 

[RoaringTigerHiddenDragon]

Good article on the issue of Tirrupur textile Mills and apparel manufacturing in India generally

Textile has to move to very low cost labor areas like eastern UP, Bihar, Bengal. Also the price of cotton is much less in these states. Tiruppur has no nearby ports, is far away from cotton producing areas, and struggles to attract low cost labor from the east.Textiles at the lower end is a cost game. You have to do everything to stay competitive. Better develop large textile clusters in eastern UP/Bihar/Bengal or risk losing this export market to Vietnam, Cambodia, Bangladesh etc.

 

[indus]

Yes it was overnight. It took 4 hours for the train to reach Delhi to Mathura at the start of the journey we were 4 hours late already

The rules for scheduling of trains are archaic and need a revamp. Trains which have to be start their journey, sometimes become late at the originating station itself. It may be due to non availability of platform space or traffic on the route. Delhi Mumbai and Delhi Bhopal, both routes run at over 100% capacity utilisation. Delhi Mumbai I think is 110%or more. In such situations the running trains are scheduled and the train which could not start on time is put behind on priority list. Then, as more and more trains arrive or depart from the station, priority of your train keeps shifting behind making it even more late.
The solution is to decongest the major routes of the railways.

 

[Ugra Bhairav]

And talk to his boss to build a nice road network connecting this to Chennai port or Mundra port.

Govt completes Eastern Dedicated Freight Corridor | Special Report

It is simple as but the guy seems to be too deep into his stick-applying specialist Bulldozer Baba avatar to care.

Yet to see any comparable infrastructure for 20% of what UP have anywhere in India.

It is simple as but the guy seems to be too deep into his stick-applying specialist Bulldozer Baba avatar to care.

And your specific grudge ?????

 

[Haldilal]

Ya'll Nibbiars

Pinnacle Industries's to set up 5,000-unit e-bus plant in Chakan | Autocar Professional

Tier-1 supplier’s EV subsidiary Eka Mobility, which has received 700 orders for its 9- and 12-metre-long electric buses for deployment in Maharashtra, also plans to set up a second plant in Pithampur, near Indore.

www.autocarpro.in

Bharat Mobility Show: Force Motors to invest Rs 2000 crore in 2 years to 2025

Force Motors (listed on the Bombay Stock Exchange) produces small commercial vehicles like Traveller and Urbania and SUV Force Gurkha, among others. The company sold 17,335 commercial vehicles (up from 12,913 units in the same period last fiscal) and 1,133 passenger vehicles (up from 540 units)...

economictimes.indiatimes.com

 

[Crazywithmath]

Gujarat identifies 7 potential sites for establishing international port city

CEO of Gujarat Maritime Cluster, Madhvendra Singh, said the master plan for the project is being prepared and work on the phase 1 is expected to begin next year

www.hindustantimes.com

https://www.business-standard.com/industry/news/indian-toy-makers-receive-orders-worth-crores-at-int-l-toy-fair-in-germany-124020400266_1.html

Adani Group's $1.2-bn copper plant to boost India's metal production

The Gautam Adani-led group is constructing the world's largest single-location copper manufacturing plant in Gujarat, India. The $1.2 billion facility aims to reduce India's reliance on copper imports and support the country's energy transition. The plant is expected to start operations by March...

economictimes.indiatimes.com

 

[shade]

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Govt completes Eastern Dedicated Freight Corridor | Special Report




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Yet to see any comparable infrastructure for 20% of what UP have anywhere in India.





And your specific grudge ?????

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So why aren't non-Noida UP cities attracting industrial investment?
Perhaps Yogi baba needs to chase the garment and shoe manufacturers, because by default they'll setup in TN, somewhere close to Chennai for port access.

Why should the industrial capacity of the nation be limited to a state ruled by crypto secessionists, who's people are indoctrinated in lies and is kept only in check from open secessionism by the greed of the local ruling class?

 

[Covfefe]

So why aren't non-Noida UP cities attracting industrial investment?
Perhaps Yogi baba needs to chase the garment and shoe manufacturers, because by default they'll setup in TN, somewhere close to Chennai for port access.

Why should the industrial capacity of the nation be limited to a state ruled by crypto secessionists, who's people are indoctrinated in lies and is kept only in check from open secessionism by the greed of the local ruling class?

1)Because Yogi Baba isn't putting money where the mouth is. Budgetary allocation for textile parks in UP 2023-24 budget was a measly 25 crore rupees(vs 800 crores for making offices of Police commissioners). Call the Telugu and Tamil governments what you will, they've put money in the right places (atleast in the past)

2) "Crypto secessionism" is only a defense mechanism of a state level party against the Hindu nationalism plank of BJP. Other than that they have no sincere appetite to fight the union, all their movie stars and politicians have properties in Mumbai, Delhi, all their children attend International schools not Tamil medium school. They use their Biryani-Desi tharra regiment degenerates to fight street battles against a richer and more powerful political party. Earlier it was Congress, now it's BJP on the receiving end

 

[Crazywithmath]

1)Because Yogi Baba isn't putting money where the mouth is. Budgetary allocation for textile parks in UP 2023-24 budget was a measly 25 crore rupees(vs 800 crores for making offices of Police commissioners). Call the Telugu and Tamil governments what you will, they've put money in the right places (atleast in the past)

Are those the proposed PM MITRA parks (partially GoI funded)? Work on those textile parks (the PM MITRA ones) weren't supposed to commence before 2024 LS polls (the PIB PRs gave subtle hints of this; way back in 2022). In some states, even land acquisition is yet to commence.

 

[Ugra Bhairav]

So why aren't non-Noida UP cities attracting industrial investment?
Perhaps Yogi baba needs to chase the garment and shoe manufacturers, because by default they'll setup in TN, somewhere close to Chennai for port access.

Why should the industrial capacity of the nation be limited to a state ruled by crypto secessionists, who's people are indoctrinated in lies and is kept only in check from open secessionism by the greed of the local ruling class?

Perception

Well put by @RoaringTigerHiddenDragon Bhai.

I think investors don’t believe in the ability of eastern India to be efficient. It is not just UP. They will doubt access to ports, quality electric power, skilled labor etc. The yogi government has started building industrial parks along expressways but southern India with its ports closer to the international shipping lanes is hard to beat. Even in China, the eastern seaboard is the richest and most industrialized. It took decades before manufacturing moved into hinterland. Eastern UP cannot be successful without establishing the river trade but this river transport can pollute rivers heavily.
Thing about volume manufacturing is scale. I still cannot understand why we cannot manufacture at scale. The DMIC corridor is also there and UP has tough competition from there. Most land in DMIC is barren and there are already a few cities with ready to move in land banks setup. In UP, due to the dense population , availability of land for huge industrial parks is going to be a big challenge. Eastern UP cannot compete at the scale of non-agricultural states like the southern and DMIC states. So, developing Bundelkhand as a node in DMIC is the best strategy. For that, you need a DFC and expressway to connect bundelkhand to DMIC expressways, DFC. But the point is UP has tough competition from a host of other cheap, barren land states with pre-established infrastructure.
UP can compete if UP wallahs say I won’t relocate to other states to work. That will force investors to setup factories in UP. This will happen as UP safety and ease of living has become substantially better.

 

[Covfefe]

Are those the proposed PM MITRA parks (partially GoI funded)? Work on those textile parks (the PM MITRA ones) weren't supposed to commence before 2024 LS polls (the PIB PRs gave subtle hints of this; way back in 2022). In some states, even land acquisition is yet to commence.

I would think so. But PM Mitra is central sector scheme, and the budgetary outlay for sites in UP was 1250ish crores. If Babaji were to match some serious amount, we could have seen things moving

 

[Haldilal]

Ya'll Nibbiars After the MCZA hearing on the 19 January, The JNPA has applied for the final clearance of the project with the site Preperations already commenced. Two clearance under the SC has almost beem cleared with the final Central Minister is what remaining with is almost a Done deal. The Vadhavan is now a Done deal.

 

[ezsasa]

what if ayodhya (in or around) is developed as proper archery equipment manufacturing capital of India?

India does not have proper archery equipment manufacturing as of now. wooden and bamboo equipment are made in some states, very low tech compared to global standards,

the imported bow costs upwards of 15k to a few lakhs, depending on the type. costly ones require high precision manufacturing.

should be a natural fit.

the ones that are made in India

typical examples of types of bows.

 

[Jimih]

Adani copper plant will become open in a few months. Huge for the economy and downstream industries

View attachment 239478

Nice.

Was totally an Economic Hitjob from foreign vested interests when our copper plants got closed and we were forced to become net importer of copper.

 

[Haldilal]

Ya'll Nibbiars This is 150 Million dollars Machine will break the Monopoly of the ASML, that's what I was saying since the 2021. And even the Nikon is not far behind. The Chip mak8ng will be More accessible and inclusive.

Canon tries to crash the chip party with cheap machines

Processor will shut down if your toner runs low Printer maker Canon is having a go at making cheap chip-making machines as early as this year, as the Japanese firm best known for its snappers and printers tries to nick some business from the longtime industry leader ASML. Canon's challenge comes...

www.fudzilla.com

Japan’s Canon Says Demand for New Chipmaking Machines Exceeds Expectations.

Canon of Japan said on Tuesday that early demand for its new lithography chipmaking machines has exceeded expectations as it makes a significant effort to bridge the gap with Dutch rival ASML.

www.businessoutreach.in

Canon plans to disrupt chipmaking with low-cost “stamp” machine

Company is challenging industry leader ASML with its nanoprint lithography tech.

arstechnica.com

Canon tries to break ASML’s grip on chipmaking tools

Good luck with that

www.economist.com

 

[Haldilal]

Ya'll Nibbiars After the MCZA hearing on the 19 January, The JNPA has applied for the final clearance of the project with the site Preperations already commenced. Two clearance under the SC has almost beem cleared with the final Central Minister is what remaining with is almost a Done deal. The Vadhavan is now a Done deal.

View attachment 239588

Ya'll Nibbiars The Vadhavan Port Final Configuration. It's larger than most of us thought, so expect the investment to be even larger.

 

[Atavistic]

Ya'll Nibbiars The Vadhavan Port Final Configuration. It's larger than most of us thought, so expect the investment to be even larger.

View attachment 239603

Taking it offshore was best decision tbh. Expansion would be easier in future and also no kir kir of fisherman communties.

 

[sauntheninja]

https://x.com/haldilal/status/1727920728027095323?s=20

Stealing from haldilal