Indian Economy-News & Updates

[hembo]

Where is he getting his numbers from! Idiot

A biochemist with an attitude, oozing Islamophobia at every pore, with a belligerent attitude towards history that he has not written during the previous half-hour, and you expect sensible comments on economics from him?

Good luck.

Apparently he has taken the figures from worldpopulation review website..

Lithium Reserves by Country 2024

Which Country Has the Largest Lithium Reserves in the World?​

The country with the largest lithium reserves in the world is actually the South American nation of Chile. Chile has 9.2 million tons of lithium in total. As a result, it is first in the list of lithium reserves by country by some distance. However, there are some other countries that have significant reserves of lithium, as well. Australia has the second-largest lithium reserves in the world with 5.7 million tons. As you can see, there is a significant difference between the size of Chile's lithium reserves and the size of Australia's lithium reserves.

Argentina and China Also Have Significant Lithium Reserves​

Argentina is third in terms of the size of its lithium reserves with a total of 2.2 million tons. After Argentina, China ranks fourth in terms of the size of its lithium reserves with a total of 1.5 million tons. It is interesting to note that two of the top three countries with the largest lithium reserves are located in South America. One other country that has a decent amount of lithium reserves is the European nation of Portugal. In total, Portugal has 60,000 tons of lithium reserves.

How Much Lithium Does The USA Have?​

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The United States of America has plenty of natural resources. However, when it comes to lithium specifically, the US is not one of the top producers of lithium in the world. According to data from the United States Geological Survey, the United States has a total of 750,000 tons of lithium reserves.


This puts it far behind the top producers of lithium in the world. Despite this fact, the United States still has greater lithium reserves than a number of other countries. This includes the countries of Zimbabwe, Brazil, and Portugal, just to name a few.

Here's another website with similar (not exactly) estimates..

Lithium Reserves: Top 4 Countries

Those interested in the lithium sector and investing in lithium stocks are often curious about which countries produce the most of the battery metal, but they may not stop to consider the top lithium reserves by country. Major lithium-producing countries are, of course, home to a large number of...

investingnews.com

However, fairly recently there has been claims of huge discoveries, specifically by Bolivia (21 Million Tons) followed by India (5.9 + Another one I don't remember) and Iran (8.5 M.T.) has been made. Its another matter, how much feasible, in terms of recoverability, are these discoveries.

According to the US Geological Survey, the top five identified lithium reserves are: Bolivia, 21 million tons; Argentina, 20 million tons; Chile, 11 million tons; Australia, 7.9 million tons, and China, 6.8 million tons.

 

[Joe Shearer]

Apparently he has taken the figures from worldpopulation review website..

Lithium Reserves by Country 2024

Here's another website with similar (not exactly) estimates..

Lithium Reserves: Top 4 Countries

Those interested in the lithium sector and investing in lithium stocks are often curious about which countries produce the most of the battery metal, but they may not stop to consider the top lithium reserves by country. Major lithium-producing countries are, of course, home to a large number of...

investingnews.com

THANKS.

MILLIONS.

 

[hembo]

THANKS.

MILLIONS.

Please see the addendum to my post above.

THANKS.

MILLIONS.

Interestingly there's another use of Lithium. A naturally occurring isotope of the element – 6Li – is a key ingredient in the fusion fuel of practical thermonuclear weapons.

United States' Castle Bravo thermo-nuke test in the early 1950s that was a much larger bang than expected – a 15MT explosion versus the predicted 6MT – due to the Americans thinking the abundant 7Li isotope in the fuel fusion would be inert. It was not, it had a sufficient effect on the reaction, and fallout from the experiment was widespread and disastrous.

 

[Joe Shearer]

It was not, it had a sufficient effect on the reaction, and fallout from the experiment was widespread and disastrous.

Genuinely interesting.

Thanks.

You are forgiven.

 

[hembo]

Some interesting reads on Lithium Discoveries & its fallouts..

Happy for their country, sad for themselves: The villagers living on India’s lithium load​

South America’s ‘lithium triangle’ communities are being ‘sacrificed’ to save the planet​

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In pictures: South America's 'lithium fields' reveal the dark side of our electric future​

New Lithium deposits discovered in Rajasthan after J-K​

India to auction J&K lithium reserves this year

 

[CallSignMaverick]

https://twitter.com/x/status/1669970888694071296

 

[CallSignMaverick]

Mumbai: The state government on Tuesday cleared its new policy for information technology (IT) and IT-enabled services offering several relaxations to the sector. As part of it, IT industries will be able to set up tech parks anywhere across the state. The policy also offers 50 to 100% subsidy in the stamp duty, waiving off electricity charges from 10 to 15 years, power supply on industrial rates among other sops and benefits to the IT industry. The state cabinet cleared the new IT and ITES Policy on Tuesday that aimed to attract an investment of ₹95,000 crore ($12 billion), 3.5 million jobs and export of ₹1 lakh crore ($12.5 billion).

https://twitter.com/x/status/1664506125067378688

$1.6 billion investment in EV battery manufacturing plant

https://twitter.com/x/status/1664641519477825536

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https://twitter.com/x/status/1664471544721031169

TATAs line up over Rs 7,600 crore ($1 billion approx) to fund its electronics business

Tatas line up over Rs 7,600 crore to fund its electronics business

Tata Electronics has raised more than ₹7,600 crore through a combination of capital infusion and secured loans, according to filings with the Registrar of Companies. Last year, parent firm Tata Sons invested more than ₹608 crore in its greenfield electronic component and contract manufacturing...

economictimes.indiatimes.com

KredX aims for $200 million in export financing this year through GIFT City

KredX starts operations at GIFT IFSC: Aims for US$ 200 Million in Export Financing this year - Times of India

India Business News: KredX, one of the largest supply chain finance platforms, has received the final approval from International Financial Services Centres Authority (IFS

timesofindia.indiatimes.com

German brand Blaupunkt to take India-made TV to global market, expand product portfolio

German consumer electronic brand Blaupunkt is planning to export LED TV to markets such as Australia and South America, making India a hub for production, said its Managing Director Andrzej Cebrat.

economictimes.indiatimes.com

CISCO manufacturing output from its upcomig plant in Chennai is targeted to be $1 billion

Cisco targets $1 billion revenue from its upcoming Chennai manufacturing plant

Cisco has announced it will start manufacturing in India as it looks to expand its footprint in the country. Here is CNBC-TV18's exclusive interaction with Cisco Chair and Chief Executive Officer Chuck Robbins

www.cnbctv18.com

India may have achieved current account surplus, say experts

India's current account balance likely moved to a surplus in the quarter ending March, thanks to a weakening of commodity prices, rising remittances, and strong services exports. It's the country's first such surplus in six quarters and has been attributed to a shrinking of India's external...

economictimes.indiatimes.com

 

[CallSignMaverick]

The Indian economy is now on “auto-pilot” mode and will grow steadily in the range of 6.5% to 7% from this year till 2030, even without further reforms, Chief Economic Adviser (CEA) V. Anantha Nageswaran asserted on Friday, adding that the 7.2% GDP initial growth assessment for 2022-23 could be an underestimate.

https://www.thehindu.com/business/Economy/economy-will-grow-in-the-range-of-65-7-till-2030-chief-economic-adviser/article66951260.ece

Adani Group has revived its investment plan for Mundra Petrochem Ltd, India’s largest polyvinyl chloride (PVC) plant, with initial funding of ₹14,000-16,000 crore ($2 billion).

Adani set to revive Mundra PVC project

Mundra Petrochem to get ₹14,000 cr credit line from banks

www.livemint.com

India Plans Rs 15,000 Crore ($2 bn) PLI Scheme To Promote Setting Up Of Grid-Scale Battery Storage

India Plans Rs 15,000 Crore PLI Scheme To Promote Setting Up Of Grid-Scale Battery Storage

The Central government is reportedly planning to introduce a Rs 15,000 crore production-linked incentive (PLI) scheme to promote grid-scale battery storage

swarajyamag.com

India will offer Rs 3,760 crore ($455.2 million) in incentives to companies setting up battery storage projects totalling 4,000 megawatt hours (MWh) under a scheme announced earlier this year.

India to offer Rs 3,760 cr in incentives for battery storage projects: Sources

India is offering incentives worth $455.2m to encourage battery storage projects with a total capacity of 4,000MWh. Private firms are expected to invest INR56bn ($765m) into the scheme to develop large-scale battery storage systems. The Indian government aims to boost the share of renewables in...

economictimes.indiatimes.com

Tesla to set up vendor base in India

Is Tesla ditching China to set up vendor base in India?

Tesla is reportedly interested in establishing a manufacturing presence in India and has shown interest in the Indian government's proposal to assemble its cars domestically and establish a vendor base in the country.

www.livemint.com

India's internet economy gross merchandise value to grow 6X to hit $1 trillion by 2030: Report

The joint report by Google, Temasek, and Bain pegs the size of India's internet economy at $155-175 billion in 2022

www.moneycontrol.com

India’s diamond city Surat is now mining SaaS startups for the world

Data sourced from Tracxn shows that Surat has more than 2,530 startups, of which 164 are SaaS-based startups offering services such as financial management, export-import management and cloud-based solutions. Together, they have raised nearly $224 million so far.

www.moneycontrol.com

LG Electronics Global CEO visits India, company to ramp up investments in local factories

LG Electronics Global CEO visits India, company to ramp up investments in local factories

LG has also pledged to convert 100 per cent of the energy used by all overseas production subsidiaries to renewable energy by 2025.

www.thehindubusinessline.com

Services PMI at 61.2!

India's May Services PMI Expands At Second Fastest Pace In Nearly 13 Years

The seasonally adjusted S&P Global India Services PMI Business Activity Index stood at 61.2 in May compared with 62 in April.

www.bqprime.com

Web Werks and Iron Mountain joint venture to invest $170 million in Navi Mumbai data center.

Web Werks and Iron Mountain joint venture to invest $170m in Navi Mumbai data center

Will be Web Werk’s seventh India data center

www.datacenterdynamics.com

Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million square feet!

Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million sq ft

Blackstone will be developing the logistics portfolio further through its existing joint ventures, partnerships and will also be forging new alliances for the same, said a top executive of the firm.

economictimes.indiatimes.com

Megaproject: Newly built 6.2 million TEU Vizhinjam transshipment port in Kerala to commission by May 2024 at a cost of $1 billion.

Vizhinjam Port to be fully commissioned by May next year: Karan Adani - ET Infra

Vizhinjam: The Phase 1 (400 metres quay) of the container transhipment port, designed to cut India’s dependence on nearby Colombo, to be commissioned by March 2024 and the balance by May 2024.

infra.economictimes.indiatimes.com

IndiGo will order 500 additional jets from Airbus, eclipsing Air India's 470 aircraft order made this year which was the largest single order in the history of aviation.

Airbus heads towards 500-jet order from IndiGo

Airbus is closing in on a potentially record deal to sell 500 narrowbody A320-family jets to India's largest carrier, Indigo , industry sources said on Sunday.

www.reuters.com

Mega transshipment port complex with a capacity of 16 million TEU worth $6 billion in Nicobar Islands, close to Indonesia. Would be amongst the world's largest ports upon completion.

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Prestige group project

https://twitter.com/x/status/1665947985992368129

Prestige Liberty Towers and Prestige 101 at BKC
Both combined will add a whopping 7 million square feet of Grade-A office space in Mumbai

 

[CallSignMaverick]

20 million smartphones every year from this factory alone.

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Blackstone’s Lumina CloudInfra to invest over $300 million to set up Navi Mumbai hyperscale data center

Read more at:

Blackstone’s Lumina CloudInfra to invest over $300 mln to set up Navi Mumbai hyperscale data center

“India is a high-growth market, with data centre demand expected to significantly increase, driven by rapidly growing data consumption, the digitization of the economy, the onset of 5G and data localisation trends. Our first data center is an important milestone for Lumina and Indias digital...

economictimes.indiatimes.com

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GQG Partners looks to invest $1 billion more in Adani Group​

Read more at:

Investment firm GQG Partners to invest $1 billion more in Adani Group

US-headquartered GQG has already increased its stake in the Adani Group by 10% since its initial investment by buying shares in the open market, Bloomberg reported, citing Rajiv Jain, the fund's founder and chief investment officer. He added that, within five years, GQG wants to be one of the...

economictimes.indiatimes.com

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Tata being Tata building huge commercial projects...

-> Tata Realty plans to develop 5 million square feet office space in Bengaluru, to invest ₹4,000 crore.

-> For Pune, Tata plans to invest Rs 2,000 crore to add 3.5 million square feet in the non-IT commercial segment branded as Intellion Edge.

->In Gurugram, Tata is building 1.6 million square feet office project.

->Tata also building its largest commercial office project in Navi Mumbai at 7 million square feet.

Tata Realty plans to develop 5 million sq ft office space in Bengaluru, to invest Rs 4,000 crore

Additionally, the company is planning to foray into Pune and Hyderabad for launches in the commercial segment.

www.moneycontrol.com

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India's commercial office and data centre industry is growing like nuts!

https://twitter.com/x/status/1661256851093069824

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Moody's sees India as fastest-growing G20 nation over next few years​

Moody's sees India as fastest-growing G20 nation over next few years

According to the global ratings agency, India will achieve significant scale across several industries – from IT services to steel, cement, aviation, and power, among others – over the next decade

www.moneycontrol.com

 

[CallSignMaverick]

Tata Electronics is scouting for land for setting up their outsourced semiconductor assembly & test (OSAT) unit near Coimbatore.

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Singapore based STT GDC to invest Rs 2,000 crore ($250 million) in two more data centres in Pune

Read more at:

STT GDC to invest Rs 2,000 cr in two more data centres in Pune

Singapore-based STT Global Data Centres' India arm is planning to invest around ₹2,000 crore to develop two new data centres in its existing campus in Pune's Dighi locality taking its total capacity to over 80MW of IT load in this hub alone.

economictimes.indiatimes.com

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https://twitter.com/x/status/1659500322644201477

A total of over USD 2.3 bn in investments are expected over the next 2 – 5 years, and more than USD 0.4 bn of investment is expected during 2020-2023 period. The report also states that ~12,000 rooms are likely to be added in 2023, and the number of rooms is expected to grow at a CAGR of ~3.3% by 2025.

Investments into Indian hospitality to exceed USD 2.3 bn over next 2-5 years

May 17, 2023 – CBRE South Asia, on Wednesday announced the findings of its first-ever hospitality report, ‘Indian Hospitality Sector: On a Comeback Trail’. The report highlights the occupancy trends and growth in the hospitality sector in India. Key deals in India’s hospitality segment between...

www.realtynmore.com

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HYDERABAD: Industries Ministet K T Rama Rao’s delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility, in Hyderabad. The company proposed to invest Rs.1,250 cr ($160 mn) in the facility and it would create Rs,5,400 ($652 mn) crore export value.

The Minister had a fruitful meeting with the CEOs and many of them signed MOUs with the government to set up their offices in cities such as Nizamabad, Siddipet and Nalgonda. Very soon, Tier-II cities in the state will get more than 2,500 IT jobs which will in turn create indirect employment for 10,000 people.

KTR in US: TechnipFMC to set up unit in Hyderabad, invest Rs.1,250 crore

KTR delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in...

www.newstap.in

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Hyderabad: In a significant development for the healthcare technology sector in India, Medtronic PLC, the Dublin-based global leader in healthcare technology, announced an investment of over $350 million (approximately Rs.3000 crore) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad.

MEIC is Medtronic’s largest research and development (R&D) centre outside of the US.

Medtronic to invest Rs.3,000 crore in engineering and innovation centre in Hyderabad

Medtronic supports the Telangana government’s efforts to position Hyderabad as a global hub for healthcare technology research and innovation.

telanganatoday.com

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https://twitter.com/x/status/1659831413783379968

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Another Massive new addition to the rocking Hyderabad IT-ES sector!

A Bain Capital Owned company @vxiglobal, leading provider of customer experience solutions, with presence in 42 locations across North America, Latin America, Asia, Europe, and the Caribbean, makes a grand entry into Hyderabad - to setup a 10,000 employee center.

https://twitter.com/x/status/1660081184603512832

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CtrlS to invest $18.1 million in a Data Centre project in Odisha

CtrlS to invest $18.1m in Odisha, India data center

East Indian state to get greenfield Edge data center

www.datacenterdynamics.com

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Amazon's AWS to invest $12.7 billion into India's cloud infra, confirms CEO Selipsky​

Amazon Web Services (AWS) announced plans to invest $12.7 billion into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India.​

Amazon Web Services (AWS) has announced its commitment to invest $12.7 billion (over Rs 1 lakh crore) into India's cloud infrastructure by 2030 in its efforts to meet growing customer demand for cloud services in the country.

This injection is expected to contribute $23.3 billion towards India’s gross domestic product (GDP) by the end of the decade.


The investment in data center infrastructure in India will create an estimated average of 1,31,700 full-time equivalent (FTE) jobs in Indian businesses each year.

https://twitter.com/x/status/1659027231447068677

Amazon's AWS to invest $12 billion into India's cloud infra: CEO Selipsky

Amazon Web Services has announced plans to invest $12.7 billion into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India.

www.moneycontrol.com

 

[CallSignMaverick]

Walmart to export $10 billion in goods from India by 2027

https://twitter.com/x/status/1656696026118471680

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Exide is setting up a 12GWh lithium ion cell manufacturing plant in Bangalore at an estimated project cost of Rs 6,000 crore ($750 million) in two phases. The company is already manufacturing lithium ion-based modules and packs at its plant in Gujarat.

Industrial battery maker Exide bullish on lithium ion cells manufacturing

Company’s management has informed market analysts at the earnings call that its lithium ion plant in Bangalore is progressing well with necessary approvals in place and construction underway.

www.telegraphindia.com

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GAIL plans $4.9 billion ethane cracker in West India​

GAIL plans $4.9 billion ethane cracker in West India

Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, required for products such as plastics.

www.moneycontrol.com

Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE) in Hyderabad.

The announcement about the proposed facility, which will be generating employment for about 1,000 people in a year, was made after Minister for Industries and IT K. T. Rama Rao, who is on an official tour to the U.K., met with Group’s CIO Anthony McCarthy in London.

London stock exchange group to set up technology centre in Hyderbad - Times of India

India Business News: HYDERABAD: In a boost to the banking, financial services in Telangana, London Stock Exchange Group PLC (LSEG) announced that it will establish a Techn.

timesofindia.indiatimes.com

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Must read thread

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The World Trade Centre in Shamshabad, Telangana under construction would be the amongst the world's largest world trade centres with a built-up area of 10 million square feet.

Same company is building a World Trade Centre in Visakhapatnam of 4 million square feet built-up area.

All U/C world trade centres in India

 

[CallSignMaverick]

India's Parvatmala Project
>$15 billion investment
>1200 kilometres long ropeways to be built
> 260 Ropeway projects across India

https://twitter.com/x/status/1651001572086939649

Madurai and Coimbatore Metro Rail Project status

https://twitter.com/x/status/1664840887497629696

Tamil Nadu expects $6 billion investments for Electric Vehicles maufacturing

https://twitter.com/x/status/1669907827337613312

https://twitter.com/x/status/1669955096350973952

Mindspace IT Complex in Bengal Silicon Valley
Total Built-up area around 4 million square feet.

https://twitter.com/x/status/1669383315433086977

 

[CallSignMaverick]

16GW renewable projects to be excuted by NTPC in next 3 years!

https://twitter.com/x/status/1669625268947009543

Serentica Renewables locks in ₹10,000 crore ($1.25 billion) in collaborative contracts

https://twitter.com/x/status/1666698465790001152

SJVN and MAHAGENCO to set up 5,000 MW (5GW) renewable energy projects in Maharashtra

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[CallSignMaverick]

$2.5 billion investments in Greater Noida for Data Centres.

https://twitter.com/x/status/1668977345502515201

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STT GDC India set to double data centre capacity in next 3-5 years with $1 billion investment​

https://twitter.com/x/status/1667092187526340612

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana​

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.​

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.

www.moneycontrol.com

Vivo’s new ₹1,100 cr, 170-acre facility to come up in Greater Noida

Vivo will continue to expand offline sales via 70,000 touchpoints, and 650 exclusive outlets

www.livemint.com

BAM Digital to set up data centre in Mumbai - CIO News

To build a new state-of-the-art data centre, BAM Digital Realty, a joint venture between Brookfield Infrastructure and Digital Realty, has acquired 2.15 acres

cionews.co.in

 

[CallSignMaverick]

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Indian Oil capex investment to be ~ $4 billion this year.

Indian Oil plans capex of Rs 30,395 crore for FY24 vs Rs 35,205 crore spent in FY23

The oil refiner said the amount will support implementation of its planned investments and projects to drive growth.

www.moneycontrol.com

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Samsung enters in OLED TV segment in India; to manufacture locally

Samsung enters in OLED TV segment in India; to manufacture locally

Samsung India Senior Vice President, Consumer Electronics Business, Mohandeep Singh said: "The launch of new OLED TVs will enable us to further strengthen our leadership in the premium TV market". "We are pushing the boundaries of innovation with our new range of OLED TVs. We have made OLED TVs...

economictimes.indiatimes.com

Brazil’s Embraer is in talks with India’s Tata and Mahindra groups, among others, for an aircraft manufacturing partnership, top company executives said, as the world’s third-largest passenger jet maker works to expand its India foothold.

Embraer is in talks with Tata, M&M for manufacturing tie-up

Defence partnership likely by end of year; firm eyes IAF order

www.livemint.com

The number of Apple production sites in the country increased to 14 last year compared with 11 in 2021, signalling the iPhone maker’s accelerated expansion in the country.

India gains 3 Apple production sites at China’s expense amid supply chain shift

Apple added five new suppliers in mainland China last year but cut eight, while production bases in India rose to 14 from 11.

www.scmp.com

The Centre is looking to include refractories in the upcoming Production Linked Incentive Scheme 2.0 for steel as it aims at doubling the country's production capacity for the metal to 300 million tonne by 2030. India already is the 2nd largest steel manufacturer in the world.

Centre aims at covering refractories in PLI 2.0 to support 300 MT steel capacity target by 2030

India's Ministry of Steel is in talks with the refractory industry to boost domestic production and reduce the country's dependence on imports from China. Refractories are critical for steel production, and India presently relies on imported raw materials. The inclusion of refractories in the...

economictimes.indiatimes.com

India set to be third-largest construction market in 2024: CNH Industrial president
India is CNH Industrial’s sole manufacturing hub in the Asia-Pacific region, where it is ramping up capacities to 10,000 units annually by the next year, making it the 2nd-largest factory for the company globally and its largest export hub.

The company wants to increase its India capacity by 50% to 15,000 units in the medium term and is targeting a production of 12,000 units a year by 2025. 50% of our production in India goes towards exports to 105 countries.

India set to be third-largest construction market in 2024: CNH Industrial

Infra investments spur demand for building equipment: CNH Industrial

www.livemint.com

1,00,000 prefabricated biogas plants to be produced in world’s largest manufacturing facility in Pune​

1,00,000 prefabricated biogas plants to be produced in world’s largest manufacturing facility in Pune

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

The trade landscape is changing structurally to India’s advantage​

The growth of the new product basket outpaces the growth of legacy products. Productions such as helicopters, arms and ammunition, and electrical machinery registered some of the highest growth rates.

The trade landscape is changing structurally to India’s advantage

The structural changes in India’s trade basket show that our export boom is no more a story of the rising tide lifting all boats

www.livemint.com

JSW under the PLI scheme, has planned to set up a solar module manufacturing facility. It has received the LoI (letter of intent) for 1 GW per year capacity for a wafer-cell-module manufacturing facility.

JSW Energy was quietly going green. Now, it has one first-mover advantage its rivals may have missed

JSW Energy has decided to put a full stop to expanding thermal projects and is investing heavily in renewable energy. While it is focusing on solar, hydro, wind power and green hydrogen, it is the untapped energy-storage business where JSW Energy is building a niche.

economictimes.indiatimes.com

The Indian ER&D sector is projected to be worth over $63 billion by 2025, according to NASSCOM, and most of these services providers stands to benefit.

India becomes destination for auto OEMs to secure their digital content needs

Why the country has become the destination for auto companies to source cutting-edge digital technology and talent for their electric, autonomous and connected vehicles.

economictimes.indiatimes.com

The faster adoption of Generative AI globally has an “advantage India'' angle as AI consulting firms are seeing increased client interest as they are getting RFPs, POCs and projects around the new technology theme.

Advantage India as local companies ride ‘AI outsourcing’ wave

NSE-listed Latent View Analytics said their client conversations are up five times around GenAI use-cases since the launch of ChatGPT, while unicorn startup Fractal said its daily client queries numbers are up “dramatically”.

economictimes.indiatimes.com

South Eastern Coalfields Ltd (SECL) is aiming to scale up the capacity of its Gevra mine to 70 MTPA to make it the world's largest coal producing site by the end of ongoing fiscal.

SECL in expansion mode; to make Gevra world's largest coal mine: CMD Prem Mishra

In financial year 2022-23, the mine produced 52.5 MT of coal which was above its target for the year, the Chairman-cum-Managing Director said. When asked about the timeline for achieving the 70 MTPA target, the CMD replied "we aim to achieve it by the end of the current fiscal year. We are...

economictimes.indiatimes.com

India’s speciality chemicals sector is a ‘Goliath' in the making, according to Jefferies. It believes the gradual decline in EU's share in global chemical capex as well as sourcing needs beyond China bode well for the Indian producers.

Specialty chemical sector’s a Goliath in the making: Jefferies

“India has been among the beneficiaries where revenue growth of fluorochemistry majors has far outstripped that of Chinese majors over the past five years,” Jefferies said in a client note.

economictimes.indiatimes.com

Anupam Rasayan has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.

Anupam Rasayan inks LoI worth Rs 2,186 cr with Japanese firm for supply of speciality chemicals

Chemicals maker Anupam Rasayan on Tuesday said it has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.

economictimes.indiatimes.com

JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore ($1 billion) over a six-year period, between 2024 and 2030, to ramp up capacity to 30 million tonnes per annum (mtpa) from the projected 18 mtpa capacity at end-FY24.

JK Lakshmi Cement plans â¹8,000 cr capex

JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore over a six-year period

www.thehindubusinessline.com

India among most vibrant startup ecosystems in the world: Sequoia's Roelof Botha.

Sequoia's Roelof Botha backs Shailendra Singh week after split, says India and SEA arm flourished under him

Botha's comments come a week after Sequoia Capital decided to hive off it's India and SEA arm, effectively exiting from the country

www.moneycontrol.com

Goldman Sachs' biggest office beyond New York attests to India's rise​

India has roughly 1,600 of the GCC centers, more than 40% of the number worldwide, according to Nasscom.​

Nasscom estimates India will have at least 1,900 GCCs by 2025, and annual revenue from the industry will increase to as much as $60 billion.

https://www.business-standard.com/finance/news/goldman-sachs-biggest-office-beyond-new-york-attests-to-india-s-rise-123061400100_1.html

Expect India's GDP growing over 7% in 2023-24: CEA Anantha Nageswaran​

Expect India's GDP growing over 7 pc in 2023-24: CEA Anantha Nageswaran

The Indian economy is expected to grow over 7 per cent in the current financial year 2023-24 per cent, said Chief Economic Advisor Anantha Nageswaran. The forecast was on the back of firm investments and rapid stride in digital transformation.

economictimes.indiatimes.com

https://twitter.com/x/status/1668090769587204096

India Set For $168 Billion Finance Behemoth As HDFC Merger Nears The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.

https://twitter.com/x/status/1668527775710588928