India Economy Thread

Bata India Plans New Stores As Demand Climbs​

Customers try on shoes inside a newly opened Bata India Ltd. store in Ghaziabad, India, on Thursday, Dec. 9, 2010. Bata India Ltd. plans to open 70 stores a year for the next five years investing as much as 6 million rupees on each store, Managing Director Marcelo Villagran said in New Delhi today. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

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Bata India Plans New Stores As Demand Climbs​

A customer checks a shoe inside a newly opened Bata India Ltd. store in Ghaziabad, India, on Thursday, Dec. 9, 2010. Bata India Ltd. plans to open 70 stores a year for the next five years investing as much as 6 million rupees on each store, Managing Director Marcelo Villagran said in New Delhi today. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

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Bata India Plans New Stores As Demand Climbs​

A customer looks at a Bata shoe inside a newly opened Bata India Ltd. store in Ghaziabad, India, on Thursday, Dec. 9, 2010. Bata India Ltd. plans to open 70 stores a year for the next five years investing as much as 6 million rupees on each store, Managing Director Marcelo Villagran said in New Delhi today. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images
1727667295471.png


Bata India Plans New Stores As Demand Climbs​

Customers browse shoes inside a newly opened Bata India Ltd. store in Ghaziabad, India, on Thursday, Dec. 9, 2010. Bata India Ltd. plans to open 70 stores a year for the next five years investing as much as 6 million rupees on each store, Managing Director Marcelo Villagran said in New Delhi today. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images
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All I'm saying is the bulk of the exports in this category go towards:


According to reports, 65 percent of iPhones manufactured in India are exported to the US, Europe, West Asia, and others. All of this led to Apple becoming the first individual brand to cross the $5 billion export mark from India. The country’s total mobile phone exports touched Rs 90,000 crore (10.6 billion USD) in FY23, led by iPhones.

We will see the number drop quickly and fast if Apple for some reason didn't do its QC/QA (quality control and quality assurance)....which I find highly unlikely (given the export number + customers in the first place).

I have seen blogs being unfair to Chinese goods in the past and present.... i.e Chinese export numbers simply continued and grew despite that. It just means objectively the % problems that end up existing....just reflect the pricepoint and QC/QA invested into that supply chain. Sometimes blogs also deliberately create problems in a fake way too with the product, they are not some neutral authority.

China could not make a single iPhone or any Apple product without the legion of engineers who are sent to Shenzhen to help out

Apple's biggest issue is innovation for the price points the iPhones are being sold. That has little to do with whether factory is in China or India

For some reason a lot of technology giants have designated India for outsourcing of electronic manufacturing
 
China could not make a single iPhone or any Apple product without the legion of engineers who are sent to Shenzhen to help out

Apple's biggest issue is innovation for the price points the iPhones are being sold. That has little to do with whether factory is in China or India

For some reason a lot of technology giants have designated India for outsourcing of electronic manufacturing
One-sided disparagement or praise will not lead to ultimate victory.

There is no doubt that the rapid development of China's smartphone industry poses a great threat to Apple and Samsung.
In 2018, Huawei's global sales of cell phones were close to those of Samsung and Apple (the gap is very small), and it ranked third in the world. Other Chinese brands followed, but the sales gap was large.
In 2019, the United States began to sanction Huawei. Huawei sales plummeted.
In 2023, Apple's sales are the first in the world, Samsung is ranked second, and Xiaomi, OPPO and Transsion follow. The gap between them narrows further. Huawei is recovering, but not fully.

China smartphone market
Huawei, which was ranked No. 1 in the Chinese market in 2018, dropped out of the ranking due to the sanctions imposed by the US government on Huawei.
But also squeezed out of the ranking is Samsung. These market shares were divided by other companies, some of which flowed into Xiaomi, OPPO, and VIVO; some of which were absorbed by Huawei's spin-off Honor; and some of which flowed into Apple.
In 2023, with the “help” of U.S. Secretary of Commerce Gina Raimondo(Of course we know this is a joke.), Huawei launched the Mate 60, which marked the beginning of a new round of “Huawei-Apple War”.
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September 10, 2024. the HUAWEI Mate XT and Apple iPhone 16 launch simultaneously in China. 6.445 million and 1.87 million order figures compared.

In the years that Huawei has disappeared from the market, we have seen him continue to introduce newer and more advanced technologies. For example: 5.5G, satellite calls, HarmonyOS, AI, folding screen technology, high hardness screens, and the Heath Kirin chip ..........
Meanwhile, we haven't seen much progress from Apple. --I mean after its comparison with Huawei.

We know that both Apple and Huawei invest a lot of money in R&D every year. But in the areas of core communications patents and user experience, Apple hasn't shown the public much. Since Steve Jobs passed away, we haven't gotten any big surprises in new Apple products. -- I am a fan of Steve Jobs, but not a fan of Apple now.

Judging from these phenomena, Apple products will be squeezed out of the Chinese market very soon if Apple doesn't carry out large-scale reforms. Subject to the sanctions imposed on China by the United States and Western countries, Apple's international market will not be hit too hard for the time being.

Whether the production of Apple products (the whole industrial chain) leaves China is not an important issue for China. Chinese companies have learned a lot from Apple, marketing, industrial design, precision machining, quality control (until today, I still appreciate the industrial design of Apple products) ........... This advanced knowledge has created many Chinese smartphone brands today. But times are progressing.

From the perspective of business operations, moving the factory to India is the best option for Apple. The problem is that India needs to make a lot of efforts to absorb it. I will keep watching.
I am a business designer and see things only from a business perspective. Viewing and analyzing issues with strong nationalistic sentiments can lead to huge losses for my clients.
 
One-sided disparagement or praise will not lead to ultimate victory.

If you read the posts of the likes of beijingwalker you get the impression Apple could not function without China

There is no doubt that the rapid development of China's smartphone industry poses a great threat to Apple and Samsung.
In 2018, Huawei's global sales of cell phones were close to those of Samsung and Apple (the gap is very small), and it ranked third in the world. Other Chinese brands followed, but the sales gap was large.
In 2019, the United States began to sanction Huawei. Huawei sales plummeted.
In 2023, Apple's sales are the first in the world, Samsung is ranked second, and Xiaomi, OPPO and Transsion follow. The gap between them narrows further. Huawei is recovering, but not fully.
I have seen the growth of Chinese brands Xiaomi and Oppo outside America

Whether the production of Apple products (the whole industrial chain) leaves China is not an important issue for China. Chinese companies have learned a lot from Apple, marketing, industrial design, precision machining, quality control (until today, I still appreciate the industrial design of Apple products) ........... This advanced knowledge has created many Chinese smartphone brands today. But times are progressing.

From the perspective of business operations, moving the factory to India is the best option for Apple. The problem is that India needs to make a lot of efforts to absorb it. I will keep watching.
I am a business designer and see things only from a business perspective. Viewing and analyzing issues with strong nationalistic sentiments can lead to huge losses for my clients.

Apple's supply chain employs 1 million people in China. Switching a million jobs from China to India is a massive shift in economic output. That said I doubt Apple will move all the jobs unless forced to
 
If you read the posts of the likes of beijingwalker you get the impression Apple could not function without China
Everyone has the right to express his or her opinion, which is a core value of Western liberal democratic societies.
But we cannot judge the opinions of an entire group of people because of individual speech. As on the PDF, there are Indians who are fiercely nationalistic and Indians who think and speak rationally. I cannot judge an entire group of Indians because of what one person says.

I have seen the growth of Chinese brands Xiaomi and Oppo outside America
In this round of technology war initiated by the United States, it first targeted ZTE and Huawei.ZTE soon chose to surrender, which directly led to ZTE's serious decline in market share, and it was not far from closing.
But Huawei is completely different. Many years before the U.S. sanctioned Huawei, Huawei's founder Ren Zhengfei predicted today's situation. -- In an interview many years ago, Ren talked about this.
Huawei began investing heavily in its “2012 Lab” many years ago. The lab was later spun off into a number of research organizations, including the famous Hisilicon Semiconductor.
Huawei has long used many U.S. parts and technologies before the U.S. sanctions, but it has been secretly stockpiling backup parts and technologies. So when the U.S. sanctions started, Huawei took some time in converting its backup program to a formal one. It quickly resumed.

Xiaomi, OPPO, VIVO and other companies are completely different. Much of their core technology comes from the West. They need to keep paying high fees (core parts and patent licenses) to western countries like the US. They also do R&D, but mainly focus on the user experience area.

If the US had chosen to sanction them first, they would have simply surrendered or gone bankrupt. At the same time, companies in the United States and other Western countries will also suffer huge losses.
If the U.S. sanctions them now, they will move directly to Huawei's technology platform in a very short period of time. They would not suffer greater losses, but those Western companies would suffer great losses.

Therefore, it is in the interests of the United States and other Western countries to maintain the normal operation of those companies. At the same time, it is in China's interest that these companies exist to keep Chinese technology in sync with that of the United States and other Western countries.

Apple's supply chain employs 1 million people in China. Switching a million jobs from China to India is a massive shift in economic output. That said I doubt Apple will move all the jobs unless forced to
For Apple to move all of its supply chain in a very short period of time would be a loss to China and a huge loss to Apple itself. ------No other country can take over this supply chain in this amount of time. This means that Apple will not be able to ship.

If Apple takes a slow approach to moving all of its supply chain, China has plenty of time to absorb and transform the impact. It will not have any impact on China. ------ After Foxconn pulled out of its Zhengzhou factory, the large number of workers and plants there were quickly taken over by another Chinese company.
BYD has been one of China's largest cell phone makers, even though it doesn't put out BYD-branded phones itself. It has the ability to absorb all of Apple's production capacity in China.

I would like to remind you that Huawei has been in a state of capacity shortage. It's orders continue to skyrocket. It needs a lot of capacity to fulfill those orders. Does Apple want to help it?
 
Everyone has the right to express his or her opinion, which is a core value of Western liberal democratic societies.
But we cannot judge the opinions of an entire group of people because of individual speech. As on the PDF, there are Indians who are fiercely nationalistic and Indians who think and speak rationally. I cannot judge an entire group of Indians because of what one person says.


In this round of technology war initiated by the United States, it first targeted ZTE and Huawei.ZTE soon chose to surrender, which directly led to ZTE's serious decline in market share, and it was not far from closing.
But Huawei is completely different. Many years before the U.S. sanctioned Huawei, Huawei's founder Ren Zhengfei predicted today's situation. -- In an interview many years ago, Ren talked about this.
Huawei began investing heavily in its “2012 Lab” many years ago. The lab was later spun off into a number of research organizations, including the famous Hisilicon Semiconductor.
Huawei has long used many U.S. parts and technologies before the U.S. sanctions, but it has been secretly stockpiling backup parts and technologies. So when the U.S. sanctions started, Huawei took some time in converting its backup program to a formal one. It quickly resumed.

Xiaomi, OPPO, VIVO and other companies are completely different. Much of their core technology comes from the West. They need to keep paying high fees (core parts and patent licenses) to western countries like the US. They also do R&D, but mainly focus on the user experience area.

If the US had chosen to sanction them first, they would have simply surrendered or gone bankrupt. At the same time, companies in the United States and other Western countries will also suffer huge losses.
If the U.S. sanctions them now, they will move directly to Huawei's technology platform in a very short period of time. They would not suffer greater losses, but those Western companies would suffer great losses.

Therefore, it is in the interests of the United States and other Western countries to maintain the normal operation of those companies. At the same time, it is in China's interest that these companies exist to keep Chinese technology in sync with that of the United States and other Western countries.


For Apple to move all of its supply chain in a very short period of time would be a loss to China and a huge loss to Apple itself. ------No other country can take over this supply chain in this amount of time. This means that Apple will not be able to ship.

If Apple takes a slow approach to moving all of its supply chain, China has plenty of time to absorb and transform the impact. It will not have any impact on China. ------ After Foxconn pulled out of its Zhengzhou factory, the large number of workers and plants there were quickly taken over by another Chinese company.
BYD has been one of China's largest cell phone makers, even though it doesn't put out BYD-branded phones itself. It has the ability to absorb all of Apple's production capacity in China.

I would like to remind you that Huawei has been in a state of capacity shortage. It's orders continue to skyrocket. It needs a lot of capacity to fulfill those orders. Does Apple want to help it?

You have unemployment. Pullout by Apple does not help. It is headwind for Chinese economy.
 
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Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades.

We are engaged in core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to delivery’.

Every aspect of L&T's businesses is characterised by professionalism and high standards of corporate governance. Sustainability is embedded into our long-term strategy for growth.

The Company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.


L&T leads in nearly every sphere of business it operates in. Serving customers in more than 50 countries, across various industries. Explore our offerings by Industry or by Business.

Dhubri - Phulbari Bridge​

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High-Speed Rail Corridor​

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Constructing a mega residential project for CIDCO​

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Central Secretariat Integrated Buildings​

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L&T Construction Wins Big Order for Buildings & Factories Business​


L&T Construction Wins Big Order for Buildings & Factories Business

The Buildings & Factories Fast Business of Larsen & Toubro (L&T), Construction has recently secured an EPC order in Mumbai for an Office Space Development using Composite Steel Construction Technology.

The order is received from a Multinational Company for Construction of Commercial Office Space at Mumbai with an approximate built-up area of 14.85 Lakhs Sq. ft.

The project scope involves Engineering, Procurement & Construction including Civil Works, Composite Steel, Façade, MEP & External Development Activities to construct ,6B+G+12 Floors.

The project is scheduled to be completed in 2026. This is a testament to the expertise of the business vertical in fast-track execution of steel structures with Composite Steel Technology.

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.


Shri Ram Janmabhoomi Mandir built to last 1,000 years, says L&T​

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The Shri Ram Janmabhoomi Mandir in Ayodhya, to be unveiled in a grand ceremony on Monday, has been built to last a thousand years, said Larsen & Toubro, which designed and built the complex in about three years.

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While most of the projects we undertake and execute are imposing in size, scale and scope, there are some that can only be considered First among Firsts; projects that are as unique as they are challenging, huge as they are complex that require the finest project management and planning skills to execute in difficult terrains and conditions, often to meet extremely stringent delivery timelines. Very often, they are first of their kind with no precedents or benchmarks to fall back on. That’s why, we consider them as ‘iconic’!


 

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L&T wins 1.5GW solar contract in Saudi Arabia​

The renewable energy branch of Larsen and Toubro’s (L&T) Power Transmission and Distribution business has secured an engineering, procurement and construction (EPC) contract for a solar photovoltaic (PV) plant in Saudi Arabia.
antonio-garcia-ndz_u1_tFZo-unsplash-2.jpg
The solar facility will be developed in Riyadh Province. Credit: Antonio Garcia / Unsplash.
The renewable energy branch of Larsen and Toubro’s (L&T) Power Transmission and Distribution business has secured an engineering, procurement and construction (EPC) contract for a solar photovoltaic (PV) plant in Saudi Arabia.

The contract was awarded by ACWA Power and the Water and Electricity Holding Company, the latter being a subsidiary of the Public Investments Fund of Saudi Arabia (PIF).

With a power purchase agreement (PPA) in place, the 1.5GW Sudair project is claimed to be the largest solar PV plant in Saudi Arabia and one of the largest in the world.


The solar facility will be developed in the Riyadh Province on 30.8km² of land and feature solar modules with associated single axial trackers and inverters.

The project had been given to PIF and ACWA Power as part of Saudi Arabia’s National Renewable Energy Program (NREP).

L&T managing director and CEO Sekharipuram Narayanan Subrahmanyan said: “L&T has been a provider of EPC services for several green projects in recent years.



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“There cannot be an India for the rich, and another India for the rest. Unity between extremes is inherently fragile, and even if it were to hold, would be unacceptable to any organization with a social conscience.”

~ A. M. Naik, Chairman Emeritus


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Roads play a key role in the social and economic growth of a country. L&T IDPL has one of the largest project portfolios in the roads sector in India. Comprising approximately 7800 lane kms with a project cost of Rs. 18,100 crores, our portfolio of road projects includes some of the most economically significant and high-traffic corridors connecting key industrial cities and ports in India.

Operational Projects​


  • Ahmedabad-Viramgam-Maliya (Gujarat)​


  • Chennai-Tada (Tamil Nadu)​


  • Coimbatore By-pass (Tamil Nadu)​


  • Devihalli-Hassan​

 

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