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Nilgiri

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The Indian telecom ministry on Tuesday said it has granted several telecom service providers permission to conduct a six-month trial for the use and application of 5G technology in the country. New Delhi has granted approval to over a dozen firms spanning multiple nationalities — excluding China.

Among the telecom operators that have received the grant include Jio Platforms, Airtel, Vodafone Idea and MTNL. These firms, the ministry said, will work with original equipment manufacturers and tech providers Ericsson, Nokia, Samsung and C-Dot. Jio Platforms, additionally, has been granted permission to conduct trials using its own homegrown technology.

In a press note, the Department of Telecommunications didn’t specify anything about China, but a person familiar with the matter confirmed that Chinese giants Huawei and ZTE aren’t among those who have received the approval.

Last year, Airtel (India’s second-largest telecom operator) had said that it was open to the idea of collaborating with global firms for components. “Huawei, over the last 10 or 12 years, has become extremely good with their products to a point where I can safely today say their products at least in 3G, 4G that we have experienced is significantly superior to Ericsson and Nokia without a doubt. And I use all three of them,” Sunil Mittal, the founder of Airtel, said at a conference last year.

In the same panel, then U.S. commerce secretary Wilbur Ross had urged India and other allies of the U.S. to avoid Huawei. The geo-political tension between India and China escalated last year with skirmishes at the shared border. India, which early last year amended a rule to make it difficult for Chinese firms to invest in Indian companies, has since banned over 200 apps including TikTok, UC Browser and PUBG Mobile that have affiliation with China over cybersecurity concerns.

India’s move on Tuesday follows similar decisions taken by the U.S., U.K. and Australia, all of which have expressed concerns about Huawei and ZTE and their ties with the Chinese government.

The Indian government branch said it gave permission to telecom service providers, who chose their own priorities and technology partners.

The experimental spectrum is being given in various bands that include the midband (3.2 GHz to 3.67 GHz), millimeter wave band (24.25 GHz to 28.5 GHz) and in sub-gigahertz band (700 GHz). Technology service providers will also be permitted to use their existing spectrum owned by them (800 MHz, 900 MHz, 1800 MHz and 2500 MHz) to conduct 5G trials.

“The permission letters specify that each TSP will have to conduct trials in rural and semi-urban settings also in addition to urban settings so that the benefit of 5G Technology proliferates across the country and is not confined only to urban areas. The TSPs are encouraged to conduct trials using 5Gi technology in addition to the already known 5G technology,” the ministry said in a statement.

“The objectives of conducting 5G trials include testing 5G spectrum propagation characteristics especially in the Indian context; model tuning and evaluation of chosen equipment and vendors; testing of indigenous technology; testing of applications (such as tele-medicine, tele-education, augmented/virtual reality, drone-based agricultural monitoring, etc.); and to test 5G phones and devices.”
 

Nilgiri

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NEW DELHI : Nineteen companies have applied to avail the benefits of the government’s production-linked incentive (PLI) scheme for manufacturing IT hardware in India, the Centre said on Tuesday.

The scheme was announced in March and is similar to the one announced last year for the local manufacture of mobile phones.

The applicants for IT hardware production include 15 domestic companies and four global firms.

Along with multinationals Dell, Wistron, Rising Stars Hi Tech (a Foxconn subsidiary) and Flextronics, domestic manufacturers such as Lava, Micromax, Dixon Technologies, Infopower, Syrma Technologies, Neolync Electronics, Optiemus Infracom, Netweb Technologies, Smile Electronics, Panache Digilife and RDP Workstations have expressed their interest to manufacture IT hardware components such as laptops, tablets, all-in-one personal computers (AIOs) and servers.

The PLI scheme for IT hardware offers an incentive of 2-4% on net incremental sales of goods over the base year of 2019-20. The benefits will be available till 2024-25, starting 1 April 2021.

According to government estimates, companies eligible for the scheme will be producing IT hardware worth ₹1.6 trillion over the next four years. Out of this, exports will account for 37% or ₹60,000 crore.

The government said that the scheme will facilitate investments worth ₹2,350 crore in India’s electronics manufacturing space and generate 37,500 direct employment opportunities.

India’s domestic value addition in IT hardware manufacturing is expected to grow from 5-12% to 16-35% over the next four years, it added.

“The world is looking at India as a destination to manufacture, and participation in the scheme by global companies is a resounding vote of confidence to the current government’s policies," said Pankaj Mohindroo, chairman of the India Cellular and Electronics Association (ICEA), the apex industry body for homegrown electronics companies.

While the industry welcomed the move, global supply of chips and other components have affected the ability of local manufacturers to meet the target set under the scheme.

The ICEA had written to the government in March, requesting to revise the base year for paying PLI benefits to 2020-21 instead of 2019-20.

The industry body said that 15 out of the 16 PLI applicants for producing mobile phones will not be able to meet the targets required under the scheme.

Unlike the PLI scheme for IT hardware, the incentives for the mobile manufacturing scheme were to be paid out from 2020.

According to an industry executive, the matter is currently under review at the ministry of electronics and information technology (MeitY), and the government hasn’t said no to reviewing the base year yet.

According to a report from Counterpoint Research, the global chip shortage may extend further since Taiwan, which accounts for nearly 70% of all chip manufacturing, is facing its worst drought in more than 56 years.

“Taiwan dominates semiconductor production globally due to its unique position in the foundry and outsourced assembly and testing (OSAT) industry. Semiconductor mass production also uses some of the most advanced technologies, which make setting up a production unit a high-investment and time-consuming affair. This is why the current drought in Taiwan has set alarm bells ringing the world over," wrote Brady Wang, semiconductor analyst at Counterpoint Research, in a blog post.
 

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“Taiwan dominates semiconductor production globally due to its unique position in the foundry and outsourced assembly and testing (OSAT) industry. Semiconductor mass production also uses some of the most advanced technologies, which make setting up a production unit a high-investment and time-consuming affair. This is why the current drought in Taiwan has set alarm bells ringing the world over," wrote Brady Wang, semiconductor analyst at Counterpoint Research, in a blog post.
Would india manage to produce a fab with more than just 1b dollar?
Even if it does how much time till it reaches to TSMC or Intel level?
 

Nilgiri

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Would india manage to produce a fab with more than just 1b dollar?
Even if it does how much time till it reaches to TSMC or Intel level?

1 billion is low but its better than decades now of zero hard commitment from GOI...and it will get the ball rolling I think.

i.e 1 billion is just a sweetener to a private conglomerate that say JV's with a bigger foreign developer + supply chain on a bulk use chip fab of some sort.

Those two will have to do the most legwork/analysis on bringing such to India....say something in 28nm - 130nm that will remain very relevant for long time in large process bulk use of mobile computing and networking.

Automotive is probably the industry India can use to leverage first here.

Then over time the ecosystem grows and deepens to lower nm "cutting edge" as Indian economy grows and matures in more industries.

TSMC/Intel level (w.r.t India) cannot be projected now in any time frame, that is open ended hypothetical with a huge amount of things needing to go correctly for many decades in the more bulk-areas first to sustain the top tier thresholds later.

Right now focus must be on grabbing the low hanging fruit as far as possible.
 

Nilgiri

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May our covid crisis be over soon 🙏.....so we can get back to putting foot on gas pedal, as a tribute to all those precious lives we have lost.

 

Nilgiri

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New Delhi: Prof. Bhaskar Ramamurthi, Director, IIT Madras discusses India's 5G trials, why security concerns are so high for the next generation of telecom and the necessity to keep China out of critical infrastructure. In conversation with StratNews Global Associate Editor Amitabh P. Revi, the Former Chairman, Telecom Standards Development Society, India(TSDSI) also analyses whether companies like Huawei and ZTE have any leverage because of the software and hardware they possess and their state-subsidised 'competitive pricing', India's strengths and weaknesses, global standards, indigenisation, rural connectivity and when 5G services will realistically be available in the country.

 

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Glad they did that , people even start hating China more than ever and more such decisions will happen in future atleast in India .

Covid + Galwan really last nail for any kind of Chinese sympathy in India , they are enemy number 1 and should be treat like that only
 

Nilgiri

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Glad they did that , people even start hating China more than ever and more such decisions will happen in future atleast in India .

Covid + Galwan really last nail for any kind of Chinese sympathy in India , they are enemy number 1 and should be treat like that only

I remember when I was about 12, George Fernandes as DM caused quite ruckus by saying just that (China is enemy no 1).

Security folks have to always balance what is BOTH the intent but also capability of each adversary, and not just one of those two.
 

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I remember when I was about 12, George Fernandes as DM caused quite ruckus by saying just that (China is enemy no 1).

Security folks have to always balance what is BOTH the intent but also capability of each adversary, and not just one of those two.
I still remember that , it was in 1998, and India today did the whole story about that.

Next Kargil happened
2003 Vajpayee allowed Chinese crap to enter India.
Then saint Antony literally stalled all infra projects along LAC, hope you remember when he said the Chinese will use our roads to enter India .

Now at least the Chinese made it clear that covertly or overtly they are enemy no. 1, Pakistan is nothing more than a nuisance value
 

Nilgiri

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I still remember that , it was in 1998, and India today did the whole story about that.

Next Kargil happened
2003 Vajpayee allowed Chinese crap to enter India.
Then saint Antony literally stalled all infra projects along LAC, hope you remember when he said the Chinese will use our roads to enter India .

Now at least the Chinese made it clear that covertly or overtly they are enemy no. 1, Pakistan is nothing more than a nuisance value

Pakistan highest "nuisance" value was given by Chinese in first place (CHIC-4 design).

Any case, not just India, but whole civilised world is waking up more to who the biggest adversary to that actually is.
 

Nilgiri

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Yep I posted here previously:


But separate thread will get more views for now (y) , so I will leave it up here.
 

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India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year​

Posted On: 24 MAY 2021 3:56PM by PIB Delhi

Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:



  • India has attracted highest ever total FDI inflow of US$ 81.72 billion during the financial year 2020-21 and it is 10% higher as compared to the last financial year 2019-20 (US$ 74.39 billion).


  • FDI equity inflow grew by 19% in the F.Y. 2020-21 (US$ 59.64 billion) compared to the previous year F.Y. 2019-20 (US$ 49.98 billion).


  • In terms of top investor countries, ‘Singapore’ is at the apex with 29%, followed by the U.S.A (23%) and Mauritius (9%) for the F.Y. 2020-21.


  • ‘Computer Software & Hardware’ has emerged as the top sector during F.Y. 2020-21 with around 44% share of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%) respectively.


  • Under the sector `Computer Software & Hardware’, the major recipient states are Gujarat (78%), Karnataka (9%) and Delhi (5%) in F.Y. 2020-21.


  • Gujarat is the top recipient state during the F.Y. 2020-21 with 37% share of the total FDI Equity inflows followed by Maharashtra (27%) and Karnataka (13%).


  • Majority of the equity inflow of Gujarat has been reported in the sectors `Computer Software & Hardware’ (94%) and `Construction (Infrastructure) Activities’ (2%) during the F.Y. 2020-21.


  • The major sectors, namely Construction (Infrastructure) Activities, Computer Software & Hardware, Rubber Goods, Retail Trading, Drugs & Pharmaceuticals and Electrical Equipment have recorded more than 100% jump in equity during the F.Y. 2020-21 as compared to the previous year.


  • Out of top 10 countries, Saudi Arabia is the top investor in terms of percentage increase during F.Y. 2020-21. It invested US$ 2816.08 million in comparison to US$ 89.93 million reported in the previous financial year.


  • 227% and 44% increase recorded in FDI equity inflow from the USA & the UK respectively, during the F.Y. 2020-21 compared to F.Y.2019-20.
 

Kaptaan

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Very impressive. Meantime Pakistan has been doing his best to attract investors from the west by opening himself to charges of Anti-Semitism. I am sure this should improve Pakistan's prospects at staying on the FATF list.
 

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Very impressive. Meantime Pakistan has been doing his best to attract investors from the west by opening himself to charges of Anti-Semitism. I am sure this should improve Pakistan's prospects at staying on the FATF list.
pakistan would no longer remain on FATF grey list now,maybe
but the damage to pakistan's economy has been done.
pakistan missed several buses
india also did,but caught some too.
Pakistan should come up with strategy to improve FDI.
 

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HYDERABAD: US-based semiconductors and wireless technology giant Qualcomm is setting up a mega facility spread over nearly 1.6 million sq ft at a SEZ in Hyderabad. This will be the largest SEZ leasing deal in Telangana. It will also be Qualcomm’s largest facility in India.

The Qualcomm facility, to be housed over 17 storeys at the Sustain Properties Pvt Ltd SEZ being developed by K Raheja Group at Raidurg, will entail an investment of Rs 3,904 crore and will create about 8,700 jobs over the next five years, the Visakhapatnam Special Economic Zone (VSEZ) said on Monday.

The mega SEZ facility is expected to generate IT services exports to the tune of Rs 28,658 crore over the next five years, it said.

The project has also received approval from the unit approval committee of VSEZ at a meeting held recently. All SEZs in Telangana fall under VSEZ.

Qualcomm will start with taking possession of four storeys at the SEZ in September and ramp it up with the facility expected to be fully operational by September 2022, VSEZ development commissioner A Rama Mohan Reddy said.
The company is intent on setting up its own campus at an investment of $400 million. The deal was initially announced by the Telangana IT & industry minister KT Rama Rao's office in October 2018 but the campus proposal was learnt to have been ditched as the land initially identified for the project turned out to be a disputed one.
Following this, the US giant is learnt to have decided to opt for a leased facility in the city, where it already has a couple of facilities that it will be consolidating in the upcoming SEZ facility, sources said.
 

Nilgiri

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Things shaping up better than I remember from the 90s.

 

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Wipro Third Indian IT Firm to Join ₹3 Trillion Market Capitalisation Club​

  • ABDUL KADIR KHAN
  • 3 JUN 2021
Wipro stock has shown exponential growth since surged since Thierry Delaporte became CEO and MD of the firm. On Thursday, the Wipro stock surge helped the firm to cross the $3 trillion market cap. Tata Consultancy Services and Infosys are the other two Indian IT business giants who have crossed Rs 3 trillion marks.

Wipro Hit Rs 3 Trillion Market Cap

The year 2021 has become one of the productive years for Wipro. The stock surge has sent Wipro to Rs 3 Trillion market cap club. Total 13 listed firms have reached this mark in India. From the Indian IT sector, Wipro is the third company to do so. TCS and Infosys are the other two Indian IT firms that have already reached Rs 3 trillion market capitalization.

Today morning, Wipro stock surged to Rs 550 in the early trading that helped the firm to reach Rs 3.01 trillion. India’s benchmark equity index Sensex rose 0.6% to 52,169 points.

The company recorded the lowest stock value in June 2020. Since then, the firm saw a stock value surge by 164% up to now. In 2021 itself, Wipro’s share has increased by 41%.

Among 14 Indian firms that have crossed Rs 3 trillion, Wipro ranks 14th in terms of market cap. with a market cap of Rs 14.05 trillion, Reliance Industries ranks first among all Indian listed firms.

TCS and HDFC Bank rank 2nd and 3rd respectively with Rs 11.58 trillion and Rs 8.33 trillion among 13 listed firms.

How Wipro Reached $3 Trillion Market Cap?

Financial experts credit Thierry Delaporte for the Wipro stock surge. Since the time he joined Wipro as CEO and Managing Director, he brought a lot of changes to Wipro. At the top management level, he slashed a 25 person team to four.

Under Thierry’s leadership, Wipro signed one of the biggest deals with German retailer Metro. Overall, the company won $7.1 billion deals. Out of that, $2.6 billion belongs to the large contract signed in the second half of 2021.

Talking about the latest Wipro policies and the surge in stocks, ICICI Direct in a note to its investors, said:

“We believe Wipro’s strong full services capabilities across applications, infra, BPS and engineering will help in winning integrated deals and help win large deals as seen in recent quarters. Hence, we expect the company to register 21% YoY dollar revenue growth in FY22E (of which 13% is organic and rest through acquisition) and 13% YoY in FY23E.”
Elara further added:

“The new CEO’s strategy refresh, which could: revive growth on improving win rates and the underlying uptick in digital demand and drive higher profitability. Strong cash conversion, net cash at Rs34500 crore, and strong capital allocation provide cushion to our call.”

 
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