Indian Economy: News and Discussion

[ezsasa]

India's Big Policy Shift: Govt Seeks Mediation, Not Arbitration For Public Enterprises

https://businessworld.in/article/indias-big-policy-shift-govt-seeks-mediation-not-arbitration-for-public-enterprises-523266

 

[hurrians]

"Annual Survey of Unincorporated Sector Enterprises (ASUSE) Results for 2021-22 and 2022-23


The estimated number of establishments grew by 5.88% during the period October, 2022 – September, 2023 in comparison to April, 2021 – March, 2022

The estimated number of workers in the sector has shown robust growth of 7.84% during this period

Gross value Added (GVA) also grew by 9.83% (at current price) during this period"

https://pib.gov.in/PressReleasePage.aspx?PRID=2025340

 

[Ugra Bhairav]

Question : Why did Vande Bharat Failed.

Answer : I am not Responsible.

 

[Crazywithmath]

Government ordered > 400 Vande Bharat trains but this Madarchod believes it's a failure.

कहा से लाता है ये ज्ञान भोस्डीवाले??

IR babus attempted to derail VB project; one reason why Vaishnaw was brought in. I think Mani is talking about that only.

 

[mokoman]

Question : Why did Vande Bharat Failed.

Answer : I am not Responsible.

just clickbait , he never said vande bharat was a failure , interesting video nonetheless

 

[Lonewolf]

@ezsasa please do the needful

 

[thebakofbakchod]

https://www.manufacturingtodayindia.com/47223-2/

Arm Welders is a small cap manufacturing company in Pune that makes robotic welding equipment. Their revenue is a tiny 50 crores, but they are aiming for 20% growth CAGR in the next 5 years after expanding their current facility.

 

[thebakofbakchod]

Vivo set to open ₹3,000-cr India facility in July

Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.

economictimes.indiatimes.com

 

[indus]

Why you people have habit of overlooking relevant posts ?

Vande Bharat is not a failure. On routes where it's running it has full/healthy ridership. People feel proud to travel in it and click selfies with it. With time more and more trains will be introduced reducing the travel time between major commercial centres.

 

[karn]

https://www.hindustantimes.com/business/indias-electronics-sector-loses-rs-1-25-lakh-crore-due-to-india-china-tensions-101718445539617.html

This comes amid protracted delays in issuing visas to Chinese citizens and government probes into Chinese companies operating in India.

In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion ( ₹83,550 crore) export opportunity besides $2 billion in value addition loss, according to the report.

According to industry executives, 4,000-5,000 visa applications of Chinese executives are currently awaiting government go-ahead, hindering the Indian electronics manufacturing industry’s expansion plans.

“Our Domestic Value Addition (DVA) plan has been impacted severely. When the PLI (Production Linked Incentive) scheme for mobiles was launched (in 2020-21), it was expected that the supply chain would shift from China. But due to this standoff and Press Note 3 (mandating greater scrutiny of investments from countries sharing land border with India), shifting of the supply chain has got severely curtailed,” ICEA said.

He added that while India has offset several disadvantages and become more competitive, it is still suffering a new form of disadvantage against nations like Vietnam, Malaysia, and Mexico which have free access to capital, technology and skills from China.

Industry executives said even Chinese nationals are apprehensive of coming to India, fearing arrests and interrogations. “If there is a requirement of 50 engineers to come to India to help set up a factory, only 10 or so are willing to come,” an industry executive told the Economic Times, on condition of anonymity.

For instance, a large Chinese manufacturer had committed to build a plant in India to make Apple iPads, but eventually shifted to Vietnam where it is currently producing $8-10 billion ( ₹66,840 - 83,550 crore) worth of iPads per year, according to the report.

Seems like dalas crying..to me . You folks may have other opinions.

 

[gslv markIII]

Vivo set to open ₹3,000-cr India facility in July

Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.

economictimes.indiatimes.com

View attachment 258495

Where's their older plant located? One that was transferred to Bhagwati (Micromax)??

 

[another_armchair]

 

[thebakofbakchod]

Where's their older plant located? One that was transferred to Bhagwati (Micromax)??

Yes it is rumoured but not sold yet. It is in Noida too. That being said the ret@rds at Micromax do not deserve to get the plant, especially after what they pulled all through the early 2010s. Vivo should be allowed to continue operations since they built up the plants in the first place.

 

[thebakofbakchod]

https://www.hindustantimes.com/business/indias-electronics-sector-loses-rs-1-25-lakh-crore-due-to-india-china-tensions-101718445539617.html

Seems like dalas crying..to me . You folks may have other opinions.

No the current Visa policy stinks of low iq babus trying to act smart. It is simply hurting our own companies because a large amount of machinery/equipment is produced in China and most indian companies are dependent on them. Capex across the board has been affected by this as technicians are unable to come over. Remember, even existing machinery will break down and will require technician support, and if they are PRCs, the machinery will just be a waste metal lying around. On top of that cheenis control the entire EMS supply chain. If India wants to rise in this sector, you will need all the help you can get. Many cheeni companies looking to set up plants here have moved to Vietnam or Thailand due to Visa restrictions. All these visa jumlas can be pulled after setting up a vertically integrated indigenous supply chain, not before.


Even worse are existing plants rotting due to the issue when investment is already done. I think this handle is telling the truth, because Andhra's electronic exports have not risen as much compared to Tamil Nadu, and these were the big ticket EMS investments bagged by the previous govt.

 

[ezsasa]

The Government of India has issued notification to give effect to the provisions of new Postal Law - The Post Office Act, 2023. The Post Office Act, 2023 has been enacted today. The Act aims to create a simple legislative framework, for delivery of citizen centric services and benefits of Government schemes upto the last mile, enhancing ease of living. The exclusive privilege of collecting, processing and delivering of letters granted to the Post Office previously, has been discontinued. In order to promote “Maximum Governance and Minimum Government”, no penal provisions have been prescribed in the Post Office Act, 2023, which comes into force today. The newly enacted Postal law provides a framework for prescribing standards for addressing of the items, address identifiers and usage of postcodes: India Post
https://x.com/ANI/status/1803119766980403637/photo/1

 

[thebakofbakchod]

 

[thebakofbakchod]

Ding ding, finally someone calls this out. If you read financial reports, you will realise that majority of companies wait until their utilization hits ~90% before embarking on expansion, which in most cases will expand capacity by 25%. Most expansions are usually funded using internal funds rather than long term debt, as such they are small in size. This is one of the reasons why Indian companies do not have the scale to compete with the export market. One of the reasons is due to high interest rates for loans, and the lack of financing venues available. The debt crisis in the late 2000s led to this current mess. Modi 3.0 needs to find ways to get private capex rising again.

 

[Haldilal]

Ya'll Nibbiars The MIAL has appreantly started initial works on India's Largest TOD's at SkyCity, Mumbai, located on three metro stations which were alos funded by them at 778 Crores nack in 2014. The development will cost almost 3,000 crore rupees. Finally Indian Airport seeing needed commercial boost. IGI has saw it in last decade and currently seeing pause 2 of i's Aerocity.

 

[Haldilal]

Ya'll Nibbiars

 

[hurrians]

India's roaring growth may not change the story of its great divide, finds economists' poll

India's roaring growth may not change the story of its great divide, finds economists' poll

A nearly 85% majority of development economists and policy experts, 43 out of 51, in a May 15-June 18 Reuters poll, said they were not confident economic inequality would significantly reduce over the next five years, including 21 who said they had no confidence at all.

m.economictimes.com