India Economy Thread
- Thread starter indushek
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Man has a point. OLA has a separate plant for building cells that powers "shakti" battery system. 10000 USD clearly buys a lot in China though.
Khanivore
Trusted Member
They cannot even make lithium batteries.
Net direct tax collection grows 8.82% to Rs 18.38 lakh crore till January 11
India's net direct tax collections have seen a significant increase of 8.82%, reaching Rs 18.38 lakh crore between April 1 and January 11. This growth encompasses both corporate and non-corporate tax contributions. Notably, total refunds issued during this period saw a substantial decrease of...
GST cuts has lead to little tax growth. Now direct tax cuts will reduce government revenue further. Hopefully consumption has picked the pace. 2026 is going to be tough year. Hopefully backed by tough reforms.
P.S: OLA makes their own Lithium battery (since 2022). Now they have started using them in their newer electric scooters. Thank god for younger breed of industrialists.
Vkdindian1
Registered Member
Some kids are excited about no Indian company able to make Lithium ION batteries. They are quoting this due to Reliance Industries decision to drop the plan to make battery storage plan.
In hurry to find something wrong with India, these idiots didn’t even check that the technology in question is Lithium IRON Phosphate batteries and not Lithium ION batteries. What to do with such idiots?
They obviously didn’t bother to check that there are large number of companies that make Lithium ION batteries. The IRON Phosphate version is much more advanced and Reliance was trying to get hold of this tech from a Chinese Company. And this was not being done through some back channel but through proper talks and like any other business deal.
Moreover, Reliance hasn’t dropped the plan. They have faced a setback due to Chinese company backing off from the deal. Reliance will take some other route to make the battery storage unit.
In hurry to find something wrong with India, these idiots didn’t even check that the technology in question is Lithium IRON Phosphate batteries and not Lithium ION batteries. What to do with such idiots?
They obviously didn’t bother to check that there are large number of companies that make Lithium ION batteries. The IRON Phosphate version is much more advanced and Reliance was trying to get hold of this tech from a Chinese Company. And this was not being done through some back channel but through proper talks and like any other business deal.
Moreover, Reliance hasn’t dropped the plan. They have faced a setback due to Chinese company backing off from the deal. Reliance will take some other route to make the battery storage unit.
CallSignMaverick
Registered Member
They love congressis for a reason, their screeching gives them orgasmic pleasure, no wonder even when they post crap like bullet train being 11 years late even when construction started only in mid-2021 and other such doom-gloom, they believe it wholesale. BEML will soon roll-out India's own design and developed bullet train with 280kmph max speed, while they themselves literally can't even make a spoon from scratch using indigenous materials.
Anyways
Reliance Industries says battery manufacturing plans on track
Reliance Industries affirms its battery storage manufacturing plans are on track. The company denies reports of pausing lithium-ion cell production in India. Discussions for Chinese technology licensing have reportedly stalled. Reliance continues to build a world-leading battery storage ecosystem.
UK & EU apparel brands begin sourcing talks with Indian companies
Buyers are intensifying factory audits and evaluations in hubs such as Tiruppur in Tamil Nadu, with plans to start or expand sourcing from India amid supply-chain uncertainties in Bangladesh and in anticipation of lower tariffs under the FTAs, said exporters.
Textile is low hanging fruit. Pity, we have done so poorly.
r3alist
Elite Member
You mean refusing to hand hold India on its way.
At some point need to see the fruits of this continent sized population show it's skills in latest tech.
Vkdindian1
Registered Member
Reliance was obviously trying to shorten the route to the tech by negotiating with a Chinese company. It didn’t work out due to latest rules made by Beijing in this regard.
I do agree that own research in this regard would have been better.
Is it end of the road? I guess not.
r3alist
Elite Member
Which is a longer way of saying, they needed Chinese help.
That being said, I do think eventually china will end up investing more in India, opportunity is opening
SoulSpokesman
Trusted Member
@r3alist bro
You mean refusing to hand hold India on its way.
That is absolutely correct. And no sympathies for Reliance or Mukeshbhai. The buggers have a market cap of over USD 200 billion and don't have the gumption to either develop a cell tech/line on their own or buy out a start up in Europe which can take them there.
Remember the discussion we had the other day. No one is going to hand over tech to you out of what you call "strategic altruism". You either develop, buy or steal. Like your taller than mountain friend.
Regards
You mean refusing to hand hold India on its way.
That is absolutely correct. And no sympathies for Reliance or Mukeshbhai. The buggers have a market cap of over USD 200 billion and don't have the gumption to either develop a cell tech/line on their own or buy out a start up in Europe which can take them there.
Remember the discussion we had the other day. No one is going to hand over tech to you out of what you call "strategic altruism". You either develop, buy or steal. Like your taller than mountain friend.
Regards
Vkdindian1
Registered Member
I have no doubts about Chinese superiority in multiple fields. We have a lot of catchup to do.
Indian government and non-fanboys know this very well. That’s why India has not stopped trade with China. It has been a calibration, that too a very small one.
r3alist
Elite Member
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