India Economy Thread

[indo17787]

Tech giant Apple exported USD 13.2 billion worth of iPhones from India in the first five months of this financial year, nearly 47% higher than a year earlier

https://www.news18.com/india/apple-iphone-exports-from-india-soar-to-record-usd-13-2-billion-report-ws-lrt-10360203.html

 

[indo17787]

COEP Tech, JSW Projects to set up battery R&D centre with over Rs 800 crore

COEP Tech, JSW Projects to set up battery R&D centre with over Rs 800 crore investment

COEP Technological University and JSW Projects have unveiled plans to establish a cutting-edge battery research and development centre at Chikhali Research Park, backed by an investment of over Rs 800 crore. This initiative aims to bolster indigenous battery technology development in India...

education.economictimes.indiatimes.com

 

[indo17787]

L&T arm executes twin contracts to develop Latifa Bint Hamdan Corridor in Dubai

L&T arm executes twin contracts to develop Latifa Bint Hamdan Corridor in Dubai

Larsen & Toubro Limited has secured twin contracts from Dubais Roads and Transport Authority for infrastructure development. The first contract involves a new road and associated works, enhancing connectivity in the area. The second contract includes improvements to Al Meydan Street and...

economictimes.indiatimes.com

 

[c14-Isotope]

little by little

 

[Vikramaditya1]

FIIs are running away. I'm shorting away

 

[D00D00]

Back in 2011, Mukesh Ambani predicted that India would become a $30 trillion economy by 2030. With less than four years left, do you think his prediction will come true?

India to become $30 trillion economy by 2030: Mukesh Ambani​

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MUMBAI: India is poised to become a $30 trillion economy by the year 2030 from the current $1.4 trillion, industrialist Mukesh Ambani said today.

"India is envisaged to grow from a $1.4 trillion economy to over $9 trillion by 2020 and over $30 trillion by 2030 in nominal terms," corporate giant Reliance Industries Chairman Mukesh Ambani said while addressing RIL's shareholders at the company's 37th AGM.

India's continued march on a trajectory of high economic growth rate will translate into exponential growth in several sectors and RIL is well placed to participate in this growth story by aggressively "venturing into newer domains" he said.

"Reliance's greatest opportunity is to contribute to and also to benefit from India's galloping growth", Ambani said adding that RIL is determined to significantly enhance its ranking among global businesses.

India's economy is certain to become the third largest in the world in the foreseeable future.

Global economic scenario improved significantly in the year 2010 owing to accommodative monetary policies by most governments, which led to high liquidity in the system and stronger growth and higher demand.

"This milieu presents Reliance with several opportunities and challenges. Opportunities in market growth and for investments across each of its businesses," Ambani said.

 

[indo17787]

 

[Thinking_Hard]

FIIs are running away. I'm shorting away

I am just doing FDs for now and saving money. Long time growth is dismal but short term gains ....

 

[indo17787]

Sri City in Andhra alone has drawn 10 AC makers and 34 component suppliers, and is projected to produce 8 million of India's 14 million ACs next year. By 2027, around 60% of India's ACs could come from this one industrial city. 100 km Sriperumbudur-Chennai-Sri City corridor is now India's newest AC manufacturing belt.

PLI push and rising demand take AC makers deeper into South India

Leading air-conditioner manufacturers are moving production facilities from North India to South India due to several advantages. Significant investments in Sri City and Tamil Nadu have led to the establishment of new AC manufacturing units. This shift is expected to increase production capacity...

economictimes.indiatimes.com

 

[indo17787]

Sri City in Andhra alone has drawn 10 AC makers and 34 component suppliers, and is projected to produce 8 million of India's 14 million ACs next year. By 2027, around 60% of India's ACs could come from this one industrial city. 100 km Sriperumbudur-Chennai-Sri City corridor is now India's newest AC manufacturing belt.

PLI push and rising demand take AC makers deeper into South India

Leading air-conditioner manufacturers are moving production facilities from North India to South India due to several advantages. Significant investments in Sri City and Tamil Nadu have led to the establishment of new AC manufacturing units. This shift is expected to increase production capacity...

economictimes.indiatimes.com

View attachment 218074

In June, Amber broke ground around Jewar/YEIDA in Uttar Pradesh for a new manufacturing programme involving roughly ₹6,785 crore of proposed investment. One part is a 100 acre “Ultra Mega” AC manufacturing facility; another is an advanced electronics/component complex. It'll manufacture RACs, Copper Clad Laminates and other critical components, strengthening backward integration and localisation within India's consumer durables industry.
https://www.moneycontrol.com/news/business/amber-group-eyes-2-bn-revenue-milestone-soon-invests-rs-6-750-cr-in-up-projects-13960170.html

Its broader manufacturing chain now includes things such as:

complete RAC → heat exchangers → motors → sheet metal → injection moulding → PCBA → bare PCB → increasingly sophisticated electronics.

5 EMS Stocks to Ride the Decade Long Megatrend - Stock Insights News | The Financial Express

These electronics companies are well placed to capture the upcoming demand boom.

www.financialexpress.com

@Nimble