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Iceream

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Don't use google amp links, they do not work.

Give the direct link:


 

Jackdaws

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There are a few coming up in the South...TN, AP & KA but Vedanta's investment is at least 3 times compared to the rest combined and is definitely politically motivated compared to the rest combined

Gujarat is a crappy location as well given the meat and liquor ban and it's cities also lack a metropolitan urban vibe which makes it hard to attract the right talent unless the R&D centers are established in nicer cities

A similar case would be Micron building it's $15bn chip fab in Boise, Idaho but it's R&D/Engineering development centers are located in bigger cities

On a side note, Gujarat's proximity to pak will make it susceptible to their rocket artillery and SOWs without the need of using long range missiles
I have a lot of friends who own factories who have moved their factories to border towns in Gujarat like Valsad and Sarigram. But this has more to do with them getting a sweet deal from developers in Maharashtra for their land in MH.
 

Rajendra Chola

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It is a welcome overdue start.

But this is obviously a fairly long multi-year project so we will have to see how the crucial details go.

Hopefully over time this cluster extends south into Surat and then Maharashtra (Nashik-Pune-Mumbai triangle) too to leverage economies of scale and logistics in the region.

@Rajaraja Chola might have some comments to add when he is here next.

Lots of challenges involved. Chip manufacturing needs lakhs of litres of fresh waters per day. I recently learnt they can’t even use desalinated water. And associated infrastructure from existing ecosystem. Gujarat has none.

And existing chip design engineers are based in tech triangle in the south plus Noida. How is the company planning to attract resources to an remote area with almost no life?

19B is an bragging amount. No company is going to invest in a single go. If one reads the fine print it would say, they would invest 19B in 15-20 year timeframe. So Anil Agarwal is playing the politics game in the hope, Foxconn would take care of technological side. Foxconn is ruthless. They hired an ailing company in Calgary, Canada where I worked for an year and a half (they bought it before I joined and sold after I left) and sold it in less than 8 years seeing it is not making money in a way it was supposed to. Lots of IF factor involved and I really hope this investment succeeds.
especially one on display panel and it’s associated fabs. They are dominated by the Koreans as we speak.
 

Iceream

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Lots of challenges involved. Chip manufacturing needs lakhs of litres of fresh waters per day. I recently learnt they can’t even use desalinated water. And associated infrastructure from existing ecosystem. Gujarat has none.

And existing chip design engineers are based in tech triangle in the south plus Noida. How is the company planning to attract resources to an remote area with almost no life?

19B is an bragging amount. No company is going to invest in a single go. If one reads the fine print it would say, they would invest 19B in 15-20 year timeframe. So Anil Agarwal is playing the politics game in the hope, Foxconn would take care of technological side. Foxconn is ruthless. They hired an ailing company in Calgary, Canada where I worked for an year and a half (they bought it before I joined and sold after I left) and sold it in less than 8 years seeing it is not making money in a way it was supposed to. Lots of IF factor involved and I really hope this investment succeeds.
especially one on display panel and it’s associated fabs. They are dominated by the Koreans as we speak.
Bro i too hope it succeeds
 

Nilgiri

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Lots of challenges involved. Chip manufacturing needs lakhs of litres of fresh waters per day. I recently learnt they can’t even use desalinated water. And associated infrastructure from existing ecosystem. Gujarat has none.

And existing chip design engineers are based in tech triangle in the south plus Noida. How is the company planning to attract resources to an remote area with almost no life?

19B is an bragging amount. No company is going to invest in a single go. If one reads the fine print it would say, they would invest 19B in 15-20 year timeframe. So Anil Agarwal is playing the politics game in the hope, Foxconn would take care of technological side. Foxconn is ruthless. They hired an ailing company in Calgary, Canada where I worked for an year and a half (they bought it before I joined and sold after I left) and sold it in less than 8 years seeing it is not making money in a way it was supposed to. Lots of IF factor involved and I really hope this investment succeeds.
especially one on display panel and it’s associated fabs. They are dominated by the Koreans as we speak.

He brings up some further criticisms...all related to the opportunity cost of the subsidies involved:

FdKHKYCacAI116D.jpg


Assuming all proceeds relatively well....MH may indeed benefit more long term by having the subsidy density located nearby (in GJ) in that it can take advantage of the jobs and ecosystem spread by way of proximity ....but not shoulder effects of that subsidy burden.

@Jackdaws
 

Iceream

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He brings up some further criticisms...all related to the opportunity cost of the subsidies involved:

FdKHKYCacAI116D.jpg


Assuming all proceeds relatively well....MH may indeed benefit more long term by having the subsidy density located nearby (in GJ) in that it can take advantage of the jobs and ecosystem spread by way of proximity ....but not shoulder effects of that subsidy burden.

@Jackdaws
 

Rajendra Chola

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He brings up some further criticisms...all related to the opportunity cost of the subsidies involved:

FdKHKYCacAI116D.jpg


Assuming all proceeds relatively well....MH may indeed benefit more long term by having the subsidy density located nearby (in GJ) in that it can take advantage of the jobs and ecosystem spread by way of proximity ....but not shoulder effects of that subsidy burden.

@Jackdaws

The cost of subsidies quoted is blowed out of context. GoI has earmarked 10B subsidy fund under PLI for 5 companies. And the PLI amount will
Be only to the amount of money invested till that point in time to a max of 10B. Don’t think Vedanta and Foxconn is stupid enough to pour 19B in 3 years. My guess is they will invest max of 3-5 B for the next 10 years similar to other companies like IGSS etc.
 

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Global Innovation Index: India breaks into top-40 for first time

Ranking by Switzerland-based World Intellectual Property Organisation has Switzerland, US, Sweden, UK as world’s most-innovative economies


Tribune News Service



New Delhi, September 29

Showing a substantial improvement in the global innovation index ranking India has been placed in the top 40 countries for the first time in the annual report for 2022 released by the Switzerland-based World Intellectual Property Organisation (WIPO) on Thursday.

The WIPO in its report, a copy of which is with The Tribune, said, “India is the innovation leader in the lower middle-income group. It continues to lead the world in ICT services exports and holds top rankings in other indicators, including venture capital receipt value, finance for startups and scale-ups, graduates in science and engineering, labour productivity growth and domestic industry diversification.”

Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most-innovative economies, according to the report.

Emerging economies are showing consistently strong performance, including India and Turkiye, as both of them enter the top 40 for the first time, it said, adding that in the Global Innovation Index 2022, India jumped to the 40th position while Turkiye is placed at the 37th position.


India has made steady progress in its ranking in the global innovation index. India first entered into the top 50 in 2020 and found a place in the top 40 this year, it noted.


==================================================

Turkey also advanced a lot in the index: https://www.dailysabah.com/business...ic-advance-in-global-innovation-index-ranking

The entire report can be found here:

 

TR_123456

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42Global Innovation Index 2022


What follows are highlights of the Global Innovation Index 2022 (GII) ranking. Appendix I provides
details on how to interpret and analyze the results, particularly with regard to any year-on-year
comparison of GII rankings, which requires cautious interpretation. Box 2 describes the process
involved in using the GII to improve an economy’s innovation performance.
The GII 2022 innovation leaders
Only a small number of economies have consistently delivered peak innovation
performance
For a twelfth consecutive year, Switzerland ranks first in the GII (Figure 9). The United States of
America (US) overtakes Sweden to climb to 2nd position, and continues to head the league table of
scoring best in the world on 15 of the 81 GII 2022 innovation indicators (Box 1). Germany reaches
8th position, its highest ranking since 2009, after having entered the top 10 in 2016. Singapore
bounces back to 7th position.
China continues its ascent toward the top 10, reaching 11th position in 2022. China remains the
only middle-income economy within the top 30, keeping its 3rd place within the South East Asia,
East Asia, and Oceania (SEAO) region and staying in 1st place in the upper middle-income group
(see Figure 10 and Table 2). Canada (15th) returns to the top 15 for the first time since 2016 having
dropped out of the top 10 in 2012.
Among the top 25 economies, Estonia (18th) makes notable progress this year, as do the United
Arab Emirates (UAE) (31st) and Poland (38th).
Apart from China, there are only four other middle-income economies among the top 40 economies
for innovation. Bulgaria (35th) and Malaysia (36th) keep the same rank as in 2021. In addition, Türkiye
and India enter the top 40 for the first time, placed 37th and 40th, respectively. India overtakes Viet
Nam (48th) as the top lower middle-income economy for innovation.

Chile (50th) makes it back into the top 50 – its best ranking since 2018 – making it first for
innovation in Latin America and the Caribbean once again. For the first time ever, Brazil (54th) is
among the top 3 for the region, scoring 2nd and displacing Mexico (58th), which drops to 3rd and
losing three ranks in 2022. Costa Rica, in turn, exits the regional top 3, ranking 68th overall in
innovation, down 12 ranks in 2022. Other notable improvers in the global innovation ranking for
the region are Colombia (63rd), Peru (65th), Argentina (69th) and the Dominican Republic (90th). Peru
positions itself as a global leader this year in the indicators availability of Loans from microfinance
institutions (1st), Graduates in science and engineering (18th) and Utility models (22nd).
The Islamic Republic of Iran makes a big leap, reaching the 53rd position; it takes 3rd position
among the lower middle-income group. Indonesia takes a big jump into the top 80 in 2022,
ranking 75. Uzbekistan continues moving ahead and reaches the 82nd position in 2022, placing it
among the top 3 economies for the Central and Southern Asia (CSA) region, having re-entered the
GII only in 2020 due to its better innovation data availability.
Pakistan is a prominent climber in the GII 2022 ranking, entering the top 90 at 87th place.
This year, Indonesia, Uzbekistan and Pakistan entered the group of Innovation Achievers
for the first time by performing above expectation on innovation for their level of economic
development (see Table 3 and Figure 11).
Sixteen out of the 25 economies from Sub-Saharan Africa covered this year improved their
ranking. Botswana took the biggest leap forward, reaching 86th position, and in so doing
overtaking Kenya (88th) among the top 3 for the region. Other notable improvers within the
region are Mauritius (45th), Ghana (95th), Namibia (96th) and Senegal (99th). South Africa remains
unchanged in 61st place – and continuing to fail to improve consistently over time
 

TR_123456

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Global Innovation Index: India breaks into top-40 for first time

Ranking by Switzerland-based World Intellectual Property Organisation has Switzerland, US, Sweden, UK as world’s most-innovative economies


Tribune News Service


New Delhi, September 29

Showing a substantial improvement in the global innovation index ranking India has been placed in the top 40 countries for the first time in the annual report for 2022 released by the Switzerland-based World Intellectual Property Organisation (WIPO) on Thursday.

The WIPO in its report, a copy of which is with The Tribune, said, “India is the innovation leader in the lower middle-income group. It continues to lead the world in ICT services exports and holds top rankings in other indicators, including venture capital receipt value, finance for startups and scale-ups, graduates in science and engineering, labour productivity growth and domestic industry diversification.”

Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most-innovative economies, according to the report.

Emerging economies are showing consistently strong performance, including India and Turkiye, as both of them enter the top 40 for the first time, it said, adding that in the Global Innovation Index 2022, India jumped to the 40th position while Turkiye is placed at the 37th position.


India has made steady progress in its ranking in the global innovation index. India first entered into the top 50 in 2020 and found a place in the top 40 this year, it noted.


==================================================

Turkey also advanced a lot in the index: https://www.dailysabah.com/business...ic-advance-in-global-innovation-index-ranking

The entire report can be found here:

I guess we need to come up with more new innovations huh?
India should be a top 10 country,top 20 at least for my country.
 

Ryder

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Australia is in the Top 30.

Good but still disappointing.

This whole time I really thought we would be top 20. Still need a lot of time to be top 10.
 

Madokafc

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Innovation is not Indonesia Forte at all at this stage as we are severely lacking in accumulated resource needed for the development of innovation and ideas. Copy paste of technology , stealing other ideas, working hard in heavy manufacturing and development of industrial engineering , diversification of the economy, increasing wealth accumulation should be the focus right now.
 

Nilgiri

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I guess we need to come up with more new innovations huh?
India should be a top 10 country,top 20 at least for my country.

According to this report, the path is pretty clear for both countries as though there are improvements across the various factors to still do.....there is in both cases one factor that stands out as major obstacle that make their combined average lot worse than it needs to be.

For India its infrastructure (ranked 78), and for Turkey its institutions (ranked 101).

heatmap.jpg
 

Nilgiri

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Australia is in the Top 30.

Good but still disappointing.

This whole time I really thought we would be top 20. Still need a lot of time to be top 10.

Australia is low population country with tons of resources per capita. Its economic model is relatively assured this way.

Innovation is not such pressing concern, though good to have....and I would say Australia is doing fine to hedge here as much as it can.

It can also keep attracting talent from the world to its shores by its high wealth and development.

Other countries have less options but to innovate (i.e improve human resource as all other resources are simply too low per person)...so its different pressures at play.
 

TR_123456

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According to this report, the path is pretty clear for both countries as though there are improvements across the various factors to still do.....there is in both cases one factor that stands out as major obstacle that make their combined average lot worse than it needs to be.

For India its infrastructure (ranked 78), and for Turkey its institutions (ranked 101).

View attachment 48354
We have some work to do.
 

Zapper

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iPhone maker taps South Asian nation again in push to diversify from China

6ecb9e50875b383f31a75ab6fe6602d5960d294f.avif


India is becoming a more important production base for Apple, as the company looks to diversify away from its heavy reliance on China. (Source photos by AP)
CHENG TING-FANG, Nikkei Asia chief tech correspondentOctober 5, 2022 15:00 JST

TAIPEI -- Apple is asking suppliers to move some AirPods and Beats headphone production to India for the first time, in a win for the South Asia nation as it attempts to rise in the global supply chain.

The move is part of Apple's gradual diversification from China, as it looks to lower the risk of supply chain disruptions stemming from the country's strict zero-COVID policy and tensions with the U.S.
Apple has been talking with a number of its suppliers about increasing production in India, including of key acoustics devices, as early as next year, three people familiar with the matter told Nikkei Asia.

In response, iPhone assembler Foxconn is preparing to make Beats headphones in the country, and hopes to eventually produce AirPods there as well, two people with direct knowledge of the matter said.
Luxshare Precision Industry and its affiliates, which already produce AirPods in Vietnam and China, also plan to help Apple make the popular wireless earphones in India, sources said. However, Luxshare is focusing more on its Vietnamese AirPods operations for now and could be slower than its competitors in starting meaningful production of Apple products in India, one of the people said.

AirPods were one of the earliest Apple products to be mass produced outside of China, with production shifting to Vietnam in 2019 amid fallout from the U.S.-China trade war. More than 70 million units are shipped each year, second only to the iPhone among Apple products in terms of shipment volume. The majority of Beats production has also shifted to Vietnam since last year, sources told Nikkei Asia.

Bringing AirPods and Beats production to India would enlarge Apple's production footprint in the country, following a recent announcement that the latest iPhone is already being made there. Apple started having some older iPhone models made in India in 2017 by a smaller supplier, Wistron, but only accelerated such production last year.
While manufacturing in India was initially aimed at serving the massive local market, Apple is now developing the country as a strategic production base, with exports intended for markets such as Europe, sources briefed on the matter said.

India, for its part, is already an important player in handset production, including smartphones and feature phones, with its global market share growing from around 9% in 2016 to 16% in 2021, according to Counterpoint Research. China's share declined from 74% in 2016, before the trade war and pandemic, to about 67% in 2021.
India plans to spend $30 billion to further strengthen its electronics supply chain, from semiconductors and materials to displays and electronics manufacturing, to attract more investment.
Foxconn is Apple's most important supplier when it comes to expanding production in India. The world's biggest electronics contract manufacturer has operated in the country since 2015, and has key production campuses in the states of Andhra Pradesh and Tamil Nadu. Luxshare also aims to expand production in Tamil Nadu, while Pegatron, another assembler, has its iPhone production base in the same state.
Joey Yen, a tech analyst with IDC, told Nikkei Asia that India will emerge as a key alternative for electronics production outside China.

"India is learning from China's success over the years, and it has a similar potential to become a very meaningful player in the global supply chain. It has young engineering talent and a big workforce, and a massive domestic market as a foundation," Yen said.
The Indian government's long-standing efforts to woo investment in the electronics manufacturing sector are finally bearing fruit, the analyst added. "China's continuing Covid-zero policies are also pushing tech companies to seek alternatives, and India in the long run could have an opportunity to grow. However, it will still take a very long time for India to be more transparent on all its policies and really have a more complete supply chain," she said.
Foxconn declined to comment for this story. Apple and Luxshare did not respond to Nikkei Asia's request for comment.

https://archive.ph/2022.10.05-09361...production-to-India#selection-2547.0-2729.116
 

Hari Sud

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To get to No3; and bypass Germany and Japan is an uphill task. Unless average $100 billion FDI a year another $100 billion from internal resources including export earnings and borrowing, is required to get to No3 spot hence it is not that easy. On top of that political peace internally is also important. Let us wait and see that Modi delivers that.
 

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