India Indian Economy + Infra Archive

[crixus]

This actually does look very good.In Pakistan the railways have literally been killed with all focus on roads. By the way do you guys know where @Joe Shearer is?

Road transportation cant match the volume which trains can carry, even India should use the rivers for transportation that's far cheaper and hassle-free

 

[Joe Shearer]

This actually does look very good.In Pakistan the railways have literally been killed with all focus on roads. By the way do you guys know where @Joe Shearer is?

I thought I'd got your mail and replied? You were packing to leave for Pakistan.

 

[Joe Shearer]

He comes in on and off. Indian Railways can be quite diverse. You have overfilled compartments to luxury trains.

It's high time we had policy getting a look in.

1. What are the Railways for? Passengers or goods or both?
2. If both, how do we decide priorities, and decide investing in growth of each?
3. What is our development policy? Do the ridiculous bozos in our ministries understand that development can be planned? Do they wish to plan for development? At the moment, they just preach hate.
4. Where should our places of work be? Close together, clustered, at similar or identical locations? distributed through the country?
5. Where should our places of living be? Close together, etc., just as it is above.
6. Should there be distances between place of work and place of living?
7. How should we connect the two? Short-range? If so, how much on tracks? Mid-range? Long-range?

 

[Nilgiri]

https://twitter.com/i/web/status/1379098671455801344

 

[Nilgiri]

https://twitter.com/i/web/status/1381186741197938692

@Indos

 

[Indos]

https://twitter.com/i/web/status/1381186741197938692

@Indos

Where will be the raw material come from ?

 

[Zapper]

Where will be the raw material come from ?

There are several South American and African countries with large reserves

 

[Seres pumilio]

Where will be the raw material come from ?

uzbekistan mostly. Tata has been doing mining there already

 

[Zapper]

Indian pharma exports up 18% to a record $24.44 billion in pandemic year​

Indian pharmaceutical exports have registered a record growth in the pandemic year (2020-21), bucking the global trend of 1-2 per cent negative growth in 2020.

As per the quick estimates of the Department of Commerce, drugs and pharmaceutical exports for the FY-21 (Apr 2020 - Mar 2021) touched $24.44 billion, a record growth of 18.07 per cent. Exports during FY 2020 was $20.58 billion with growth rate of 7.57 per cent.

North America is the largest exporting region for India with more than 34 per cent share. Country wise exports to USA, Canada and Mexico recorded growth of 12.6 per cent, 30 per cent and 21.4 per cent respectively.

South Africa, the second largest exporting country, recorded a jump of 28 per cent in exports. Nigeria, Kenya, Tanzania are the other major destinations in Africa. Overall, pharma exports to Africa went up 13.4 per cent as against last year's growth of 2.24 per cent.

The third largest exporting region, Europe recorded 11 per cent growth.

The Pharmaceuticals Export Promotion Council of India (Pharmexcil) said the exports in the month of March 2021, at $2.3billion (provisional figures) is the highest among exports of all the months of 2020-21.

"The growth rate for this month is 48.5 per cent against the exports in March 2020 ($1.54 billion). Growth rate seems relatively big as the exports of March 2020 was crunched due to lockdown across the world and supply chain disruption. However, Indian pharma exports are substantially growing all these years and we have observed the highest export figures and growth rate in this financial year compared to the last 8 financial years. We are expecting the same trend to continue further owing to increased demand of Indian made generics and vaccines," Udaya Bhaskar, director general, Pharmexcil says.


Pharmexcil has been organising virtual business meetings with the support of Commerce ministry and India's foreign embassies throughout the pandemic period to penetrate newer markets. "Our efforts in penetrating the markets of around 40 countries other than North America and Europe during the pandemic have yielded positive results in the growth of exports," Bhaskar says.

Non-traditional markets like Latin American countries (14.5 per cent growth), CIS countries (23.5 per cent growth) and Middle East (17.5 per cent growth) remained impressive. The growth rates observed in exports to unexplored countries like Australia (21 per cent) UAE (43 per cent), Uzbekistan (125 per cent) and Ukraine (40.6 per cent).

https://www.businesstoday.in/sector...eports-18-07-percent-growth/story/436887.html

https://www.dcatvci.org/6213-global-api-sourcing-which-countries-lead

 

[Nilgiri]

Indian pharma exports up 18% to a record $24.44 billion in pandemic year​

Indian pharmaceutical exports have registered a record growth in the pandemic year (2020-21), bucking the global trend of 1-2 per cent negative growth in 2020.

As per the quick estimates of the Department of Commerce, drugs and pharmaceutical exports for the FY-21 (Apr 2020 - Mar 2021) touched $24.44 billion, a record growth of 18.07 per cent. Exports during FY 2020 was $20.58 billion with growth rate of 7.57 per cent.

North America is the largest exporting region for India with more than 34 per cent share. Country wise exports to USA, Canada and Mexico recorded growth of 12.6 per cent, 30 per cent and 21.4 per cent respectively.

South Africa, the second largest exporting country, recorded a jump of 28 per cent in exports. Nigeria, Kenya, Tanzania are the other major destinations in Africa. Overall, pharma exports to Africa went up 13.4 per cent as against last year's growth of 2.24 per cent.

The third largest exporting region, Europe recorded 11 per cent growth.

The Pharmaceuticals Export Promotion Council of India (Pharmexcil) said the exports in the month of March 2021, at $2.3billion (provisional figures) is the highest among exports of all the months of 2020-21.

"The growth rate for this month is 48.5 per cent against the exports in March 2020 ($1.54 billion). Growth rate seems relatively big as the exports of March 2020 was crunched due to lockdown across the world and supply chain disruption. However, Indian pharma exports are substantially growing all these years and we have observed the highest export figures and growth rate in this financial year compared to the last 8 financial years. We are expecting the same trend to continue further owing to increased demand of Indian made generics and vaccines," Udaya Bhaskar, director general, Pharmexcil says.


Pharmexcil has been organising virtual business meetings with the support of Commerce ministry and India's foreign embassies throughout the pandemic period to penetrate newer markets. "Our efforts in penetrating the markets of around 40 countries other than North America and Europe during the pandemic have yielded positive results in the growth of exports," Bhaskar says.

Non-traditional markets like Latin American countries (14.5 per cent growth), CIS countries (23.5 per cent growth) and Middle East (17.5 per cent growth) remained impressive. The growth rates observed in exports to unexplored countries like Australia (21 per cent) UAE (43 per cent), Uzbekistan (125 per cent) and Ukraine (40.6 per cent).

View attachment 18609

https://www.businesstoday.in/sector...eports-18-07-percent-growth/story/436887.html

https://www.dcatvci.org/6213-global-api-sourcing-which-countries-lead

Covid though has shown supply chain vulnerabilities we still have.

There is critical inputs still being imported from places like China and even US/West that caused disruption in our production assurance.

Indian pharma needs to backwork as far as possible to have as much robust supply chain within India going forward...we cannot simply only do the vertical advancement and leave large gaps behind.

 

[Zapper]

India pips Japan to become second largest crude steel manufacturer​

In a major achievement, India has overtaken Japan to become the world’s second largest producer of crude steel in February, according to the Steel Users Federation of India (SUFI). At present, China is the largest producer of crude steel in the world, accounting for more than 50% of the production.

India’s crude steel production was up 4.4% and stood at 93.11 million tonnes (mt) for the period April 2017 to February 2018, compared with April 2016 to February 2017, which has helped India to overtake Japan and becomes the second largest producer of crude steel in the world, SUFI said in a statement here.

India overtook the U.S. in 2015 to become the third largest producer of crude steel.

Attributed the growth in steel production to the right policies undertaken by the government, Nikunj Turakhia, president, Sufi said, “The government has taken host of steps to curb imports, push local demand with initiatives like ‘Make in India’, implementation of the GST and infrastructure projects, to encourage the domestic market.”

According to the World Steel Association, India produced 8.4 mt of crude steel in February 2018, up 3.4% over February 2017.

Mr. Turakhia said the Steel Ministry was working proactively to lay down the road map to achieve 300 million tonnes by 2030.

“In addition, quick resolution of various big-ticket steel mills under the Insolvency and Bankruptcy Code and the National Company Law Tribunal is expected to further hasten the process of achieving higher capacity utilisation,” he added.

https://www.thehindu.com/business/I...-crude-steel-manufacturer/article23436673.ece

 

[Nilgiri]

Samsung's display arm begins production of mobile display panels in Noida - ET Telecom

Samsung Smartphones: Samsung currently makes more than 70 percent of the total display products used in TVs, mobile phones, tablets, watches, etc., in the world in South Korea, Vietnam and China.

telecom.economictimes.indiatimes.com

NEW DELHI: Samsung has started production of mobile display panels at its Noida factory this month, a move that will expand the contribution of locally sourced components for the South Korean smartphone maker’s devices and increase domestic value addition.

The company will soon ramp up production to make IT display panels as well.

“Samsung Display Noida Private Ltd. has started production from April. Currently, it is making only mobile display panels at the Noida factory,” a person aware of the matter told ET on condition of anonymity.


Samsung Display Noida declined to comment on the development.

Analysts said the move would send a positive signal to the entire display ecosystem and help attract smaller ecosystem players to the country.

“The move will give confidence to smaller players in the broader display ecosystem to come to India and set up operations. Samsung is one of the largest players. It gives a signal to the overall supply chain that this component is ready for manufacturing,” said Tarun Pathak, associate director at Counterpoint Research.

Pathak said display is going to be more critical for mobile phones, tablets and consumer Internet of Things (CIoT) devices. “This means that the contribution of local sourcing will increase… Display is a high local value addition product with 15-18% price contribution towards a smartphone cost. Not all will be sourced in India but it is a good starting point,” he said.

It needs to be seen at which level Samsung is building the unit and preparing for production since there are certain other components involved, said Pathak. “With the PLI (production-linked incentive) scheme, the local value addition can hit 25-30% over a period of time, from 12-13% presently,” he said.

Samsung makes more than 70% of the total display products used across the world in TVs, mobile phones, tablets and watches, among other gadgets, in South Korea, Vietnam and China. Beijing BOE Display Technology, Tainma, LG Display and JDI are some other prominent display makers.


Samsung was the only handset company to have met its targets under the PLI scheme for 2020-21. The other 15 approved companies struggled to meet their targets and have asked the government to relax target deadlines.

The Uttar Pradesh government had approved special incentives for Samsung Display Noida, which has invested Rs 4,825 crore to relocate its mobile and IT display production unit from China to the state, giving a boost to India's bid to expand local manufacturing, especially at the cost of its far east Asian neighbour.

Besides a financial provisioning of Rs 250 crore from the state government for this project for five years, Samsung will also get financial incentive of Rs 460 crore under the Centre’s Scheme for Promotion of Manufacturing Electronic Components and Semiconductors.

 

[crixus]

At Rs 1.41 trillion, GST collection for April 2021 sets new record​

Surpassing the previous high in March, Goods and Services Tax (GST) collections in the month of April set another fresh record at Rs 1.41 trillion, according to the government data released on Saturday. April month's GST revenues are about 14 per cent higher when compared with the collections of previous month.

GST collections have consistently crossed Rs 1 trillion mark for the last seven months.


"Despite the second wave of coronavirus pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month," the government said in an official statement.

During April, the revenues from domestic transaction (including import of services) are 21 per cent higher than the revenues from these sources during the last month.

Of the total collections, CGST amounts to about 27,837 crore, SGST is Rs 35,621 crore, IGST is Rs 68,481 crore (including Rs 29,599 crore collected on import of goods) and Cess is Rs 9,445 crore (including Rs 981 crore collected on import of goods).

"These are clear indicators of sustained economic recovery during this period. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue," the government said.

"Quarterly return and monthly payment scheme has been successfully implemented bringing relief to the small taxpayers as they now file only one return every three months. Providing IT support to taxpayers in the form of pre-filled GSTR 2A and 3B returns and ramped up System capacity have also eased the return filing process," it said.

At Rs 1.41 trillion, GST collection for April 2021 sets new record

Despite the second wave of coronavirus pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience, says govt

www.business-standard.com

@Nilgiri @Raptor @FalconSlayersDFI @Jackdaws

 

[Nilgiri]

India grants approval for 5G trials, avoids Chinese firms | TechCrunch

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

techcrunch.com

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]

Dell, 18 others apply for PLI sops to make IT hardware

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. It is applicable for a period of four years, lasting up to 2024-25

www.livemint.com

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.

 

[Raptor]

“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]

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]

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]

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.

 

[crixus]

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