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The dedicated freight corridor project will free up 70% of india's railway network (working at or over capacity).....much like de-clogging vital arteries!
A massive improvement to economy logistics this decade will result.
A massive improvement to economy logistics this decade will result.
Glass🚬
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India to invest $82B in ports by 2035
BY ANADOLU AGENCY
NEW DELHI ECONOMYMAR 02, 2021 7:43 PM GMT+3
In this June 2, 2017, file photo Indian Prime Minister Narendra Modi speaks in St. Petersburg, Russia. (AP Photo)
India will invest $82 billion in the development of ports by 2035, Prime Minister Narendra Modi said Tuesday.
Inaugurating the three-day Maritime India Summit 2021, the premier said the country has a rich maritime history and is serious about emerging as the "leading blue economy of the world."
"Our leading focus areas include upgrading current infrastructure, and creating next-generation infrastructure to give strength to our vision of Aatma Nirbhar Bharat [self-reliance]," he said.
The virtual summit by the Ports, Shipping and Waterways Ministry with Denmark as a partner country will be attended by participants from 24 countries. Danish Transport Minister Benny Englebrecht attended the opening ceremony.
Speaking of the Maritime India Vision 2030, Modi said the Sagarmala program was launched in 2016 to encourage port-led growth in the region. "More than 574 projects at a cost of $82 billion have been identified for implementation from 2015 to 2035," he said.
"India's long coastline awaits you. India's hardworking people await you. Invest in our ports. Invest in our people. Let India be your preferred trade destination."
India's Minister of State for Ports and Shipping Mansukh Mandaviya said the summit will be attended by ministers from eight nations, over 50 global chief executive officers and more than 160 speakers, including 115 international speakers from 24 countries.
"I am also pleased to inform you that the summit is one of the biggest virtual summits in the world where more than 170,000 participants have registered from more than 100 nations," he added.
India to invest $82B in ports by 2035
India will invest $82 billion in the development of ports by 2035, Prime Minister Narendra Modi said Tuesday.Inaugurating the three-day Maritime India...
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Maruti Suzuki Exports Cross 2 Million Milestone
India's largest carmaker, Maruti Suzuki, has exported its two millionth car from the Mundra Port in Gujarat. A batch of Maruti Suzuki cars comprising S-Presso, Swift and Vitara Brezza left for South Africa from the port in Gujarat.
www.carandbike.com
India's largest carmaker, Maruti Suzuki, has exported its two millionth car from the Mundra Port in Gujarat. A batch of Maruti Suzuki cars comprising S-Presso, Swift and Vitara Brezza left for South Africa from the port in Gujarat.
Maruti Suzuki has officially announced the accomplishment of two million vehicle exports from India, which is in-line with the Indian government's Make-in-India initiative. The Indo-Japanese carmaker achieved this milestone by shipping a batch comprising S-Presso, Swift and Vitara Brezza which left for South Africa from the Mundra Port in Gujarat. The Mundra Port is a gateway for Maruti Suzuki to send its models to Latin America, Far East and Europe. Last month, the Indian carmaker started production and export of the Suzuki Jimny from India.
Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited said, "Maruti Suzuki has been exporting vehicles for the past 34 years much before India became a prominent player in the global automobile business. This early global exposure helped the company enhance its quality and attain global benchmarks. Currently, we export 14 models, nearly 150 variants, to over 100 countries. Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology."
He further added, "Going forward, the company has aligned itself with the evolving needs of customers in African and Latin American nations. With a flurry of new models in the pipeline, Maruti Suzuki will attract customers in new segments to enable the company to accomplish bigger milestones at a much faster pace."
Maruti Suzuki India commenced exports for its vehicles in the financial year 1986-87, and the first large consignment of 500 units was shipped in September 1987 to Hungary. The company managed to achieve a one-million export milestone in the FY2012-13. In the first million, over 50 per cent of exports were undertaken to developed markets in Europe.
In January, the company started production and export of Suzuki's Jimny from India
The carmaker achieved a subsequent million in over eight years with a focus on emerging markets like Latin America, Africa, and Asia. Moreover, the automaker gained a sizeable share in the markets such as Chile, Indonesia, South Africa and Sri Lanka. Furthermore, cars like Alto, Baleno, Dzire and Swift have emerged as popular choices in these markets.
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09 MARCH 2021
Some of India’s biggest private sector defence firms have been linked with bids to acquire a controlling stake in BEML Limited, formerly Bharat Earth Movers Limited.
Tata Motors, Mahindra and Mahindra, Bharat Forge, and Ashok Leyland – all producers of military vehicles – are reported to be preparing bids to acquire a 26% stake in the state-owned enterprise, which was put up for sale by the government earlier this year.
The Indian government is looking to divest a 26% stake in BEML, manufacturer of equipment including high-mobility vehicles for India’s Pinaka MBRL system. (BEML Limited)
The private sector companies have not officially confirmed their interest, although BEML said in a stock exchange filing on 5 March that the company has now appointed a consultant for the share sale.
In January, the government initiated plans to sell its BEML stake through the release of an expression of interest document. The deadline for interested parties was 1 March. The sale of the 26% stake is expected to be worth around USD140 million.
The government’s divestiture will take its ownership in BEML down to 28%. It holds a 54% stake, with most of the remainder owned through Indian stock exchanges.
In its earlier announcement, the government said that the buyer of BEML will be “required to undertake certain obligations” including employee protection, asset stripping, and business continuity. Various other conditions apply to the sale including security clearances and the requirement for investors to have a minimum net worth of USD191 million.
BEML builds equipment including military trucks, artillery, missile launchers, engineering vehicles, recovery vehicles, and mine-protected vehicles. It is also involved in aerospace manufacturing, but its primary business sectors include mining, construction, and railways.
www.janes.com
Buyers line up for Indian firm BEML
by Jon GrevattSome of India’s biggest private sector defence firms have been linked with bids to acquire a controlling stake in BEML Limited, formerly Bharat Earth Movers Limited.
Tata Motors, Mahindra and Mahindra, Bharat Forge, and Ashok Leyland – all producers of military vehicles – are reported to be preparing bids to acquire a 26% stake in the state-owned enterprise, which was put up for sale by the government earlier this year.
The Indian government is looking to divest a 26% stake in BEML, manufacturer of equipment including high-mobility vehicles for India’s Pinaka MBRL system. (BEML Limited)
The private sector companies have not officially confirmed their interest, although BEML said in a stock exchange filing on 5 March that the company has now appointed a consultant for the share sale.
In January, the government initiated plans to sell its BEML stake through the release of an expression of interest document. The deadline for interested parties was 1 March. The sale of the 26% stake is expected to be worth around USD140 million.
The government’s divestiture will take its ownership in BEML down to 28%. It holds a 54% stake, with most of the remainder owned through Indian stock exchanges.
In its earlier announcement, the government said that the buyer of BEML will be “required to undertake certain obligations” including employee protection, asset stripping, and business continuity. Various other conditions apply to the sale including security clearances and the requirement for investors to have a minimum net worth of USD191 million.
BEML builds equipment including military trucks, artillery, missile launchers, engineering vehicles, recovery vehicles, and mine-protected vehicles. It is also involved in aerospace manufacturing, but its primary business sectors include mining, construction, and railways.
Buyers line up for Indian firm BEML
Some of India’s biggest private sector defence firms have been linked with bids to acquire a controlling stake in BEML Limited, formerly Bharat Earth Movers Limited.
www.janes.com
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Well, this was expected tbh....and correct decision.
telecom.economictimes.indiatimes.com
The telecom department said that the Designated Authority shall notify the categories of equipment for which the security requirements related to trusted sources are applicable
"The government through the designated authority will have the right to impose conditions for procurement of telecommunication equipment on grounds of defence of India, or matters directly or indirectly related thereto for national security," DoT said on Wednesday.
The authority in this case will be the National Cyber Security Coordinator (NCSC). The telcos will have to provide any information as and when sought by the NCSC, who will notify the categories of equipment for which the security requirements related to trusted sources are applicable. The telcos will also be notified of the vendors from whom one can procure equipment and those that have not made the cut.
The government on December 16 said it will soon declare a list of ‘trusted sources’ for acquiring gear for telecom networks and amend permits accordingly. It came on the back of geopolitical tensions that have led the government to monitor all major contracts with China.
And now it is the telecom sector's turn to review its connections with Chinese gearmakers.
"With effect from 15th June 2021, the licensee shall only connect trusted products in its network, and also seek permission from designated authority for upgradation of existing network utilising the telecommunication equipment not designated as trusted products," said DoT.
The government said that the latest changes will not affect ongoing annual maintenance contracts (AMC) or updates to existing equipment already inducted in the network as on date of effect.
A senior executive at one of the three private telcos said operators will now be in a state of limbo since they will now have to wait for the list before taking any call. "Although existing equipment one can maintain, new ones will have to be approved. Issue is even if the Chinese vendor is allowed in some part the network, will a telco want to take the risk? It may be safer to now go for only the ones that have no doubt on them,” the executive said.
Airtel and Vodafone Idea currently have existing contracts with the Chinese vendors. Besides China’s Huawei and ZTE, Finland’s Nokia and Sweden’s Ericsson are supplying gear to Bharti Airtel and Vodafone Idea, while Korea’s Samsung is Reliance Jio's supplier.
Experts said that while the government’s move would be good from the security standpoint, it may increase capex costs for telcos, thus making a further case for price hikes.
“This is a good step from a security standpoint as telecom is a critical infrastructure. For the industry, this would have some impact on the capexdepending upon which trusted sources are notified. It might lead to cost escalation and make a compelling case for telcos to hike the tariffs,” said Prashant Singhal, TMT Emerging Markets Leader, at EY.
The fate of Huawei and ZTE are in a precarious balance ahead of 5G trials and roll outs. Huawei clams to be at least six months ahead of its rivals on 5G technology.
Amidst border tensions with China, the government had stipulated that companies belonging to countries sharing a border with India can no longer invest under the automatic route and need their investments to be vetted by the Indian authorities. In addition, around 220 Chinese apps, including popular ones such as TikTok and PubG, have been banned for national security reasons.
DoT amends license agreement for telecom equipment procurement - ET Telecom
DoT: The telecom department said that the Designated Authority shall notify the categories of equipment for which the security requirements related to trusted sources are applicable
The telecom department said that the Designated Authority shall notify the categories of equipment for which the security requirements related to trusted sources are applicable
- ETTelecom
- Updated: March 10, 2021, 20:49 IST
"The government through the designated authority will have the right to impose conditions for procurement of telecommunication equipment on grounds of defence of India, or matters directly or indirectly related thereto for national security," DoT said on Wednesday.
The authority in this case will be the National Cyber Security Coordinator (NCSC). The telcos will have to provide any information as and when sought by the NCSC, who will notify the categories of equipment for which the security requirements related to trusted sources are applicable. The telcos will also be notified of the vendors from whom one can procure equipment and those that have not made the cut.
The government on December 16 said it will soon declare a list of ‘trusted sources’ for acquiring gear for telecom networks and amend permits accordingly. It came on the back of geopolitical tensions that have led the government to monitor all major contracts with China.
And now it is the telecom sector's turn to review its connections with Chinese gearmakers.
"With effect from 15th June 2021, the licensee shall only connect trusted products in its network, and also seek permission from designated authority for upgradation of existing network utilising the telecommunication equipment not designated as trusted products," said DoT.
The government said that the latest changes will not affect ongoing annual maintenance contracts (AMC) or updates to existing equipment already inducted in the network as on date of effect.
A senior executive at one of the three private telcos said operators will now be in a state of limbo since they will now have to wait for the list before taking any call. "Although existing equipment one can maintain, new ones will have to be approved. Issue is even if the Chinese vendor is allowed in some part the network, will a telco want to take the risk? It may be safer to now go for only the ones that have no doubt on them,” the executive said.
Airtel and Vodafone Idea currently have existing contracts with the Chinese vendors. Besides China’s Huawei and ZTE, Finland’s Nokia and Sweden’s Ericsson are supplying gear to Bharti Airtel and Vodafone Idea, while Korea’s Samsung is Reliance Jio's supplier.
Experts said that while the government’s move would be good from the security standpoint, it may increase capex costs for telcos, thus making a further case for price hikes.
“This is a good step from a security standpoint as telecom is a critical infrastructure. For the industry, this would have some impact on the capexdepending upon which trusted sources are notified. It might lead to cost escalation and make a compelling case for telcos to hike the tariffs,” said Prashant Singhal, TMT Emerging Markets Leader, at EY.
The fate of Huawei and ZTE are in a precarious balance ahead of 5G trials and roll outs. Huawei clams to be at least six months ahead of its rivals on 5G technology.
Amidst border tensions with China, the government had stipulated that companies belonging to countries sharing a border with India can no longer invest under the automatic route and need their investments to be vetted by the Indian authorities. In addition, around 220 Chinese apps, including popular ones such as TikTok and PubG, have been banned for national security reasons.
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Indian recent FDI table is released:
What stood out to me especially are the two big jumps in computer related industry (hopefully hardware got a good chunk) and also construction/infra....to make up for a few drops in other sectors:
Latter will be extra good news for India given Gadkari runs the connected ministry here.
Also heartening to see the fiscal year is not even completed (this is 3 quarters data for 20-21) and the FDI inflow total has surpassed the whole of FY 19-20 already.
I wonder if by mid decade, India can reach 100 billion in FDI yearly.
This connects 2 of the 3 things I mentioned earlier (FDI + Gadkari):
Hope to do some PLI related stuff later as more data come for its results. It looks quite promising given the ease of doing business reforms as well....as finally there is good incentive for production related capital....so it eats further into cost-advantage inertia China has developed w.r.t capital sinks + forex pile (labour saving is just not enough to move at rate India needs).
@Jackdaws @Zapper @crixus @Paro
What stood out to me especially are the two big jumps in computer related industry (hopefully hardware got a good chunk) and also construction/infra....to make up for a few drops in other sectors:
Latter will be extra good news for India given Gadkari runs the connected ministry here.
Also heartening to see the fiscal year is not even completed (this is 3 quarters data for 20-21) and the FDI inflow total has surpassed the whole of FY 19-20 already.
I wonder if by mid decade, India can reach 100 billion in FDI yearly.
This connects 2 of the 3 things I mentioned earlier (FDI + Gadkari):
Hope to do some PLI related stuff later as more data come for its results. It looks quite promising given the ease of doing business reforms as well....as finally there is good incentive for production related capital....so it eats further into cost-advantage inertia China has developed w.r.t capital sinks + forex pile (labour saving is just not enough to move at rate India needs).
@Jackdaws @Zapper @crixus @Paro
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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?
He comes in on and off. Indian Railways can be quite diverse. You have overfilled compartments to luxury trains.
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He pops once every 1 - 2 weeks lately. He will respond to your tag when he does.
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Ahh. That explains. I sent him my whatsapp but he has not got back to me. I have 'known' him for years so thought I would have a chat. I already had one with @Yankeestani yesterday. Sounds like a nice young man and way mature for his years. Kind of reverse of me. Old man but way immature.
I would love to travel in the train carrying this treasure :
