India Economy Thread

[ST1976]

Rashtriya Ispat Nigam​

Rashtriya Ispat Nigam Ltd (abbreviated as RINL), also known as Vizag Steel, is a central public sector undertaking under the ownership of Ministry of Steel, Government of India based in Visakhapatnam, India. Rashtriya Ispat Nigam Limited (RINL) is the government entity of Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant built with state-of-the-art technology. Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant. It was commissioned in 1992 with a capacity of 3.0 MTPA of liquid steel. The cpsu subsequently completed its capacity expansion to 6.3 MTPA in April 2015 and to 7.3 MTPA in December 2017. The PSU is having one subsidiary, viz. Eastern Investment Limited (EIL) with 51% shareholding, which in turn is having two subsidiaries, viz. M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd (BSLC). The CPSU has a partnership in RINMOIL Ferro Alloys Private Limited and International Coal Ventures Limited in the form of Joint Ventures with 50% and 26.49% shareholding respectively. RINL is wholly owned by the Government of India.

Rashtriya Ispat Nigam - Wikipedia

en.wikipedia.org

स्ट्रक्चरल्स​

विशेष इस्पात​

सरिया​

उत्पाद मिश्रण​

Quality Steel Manufacturer, Supplier & Exporter| Rashtriya Ispat Nigam Ltd., Vizag Steel – GoI Undertaking

Rashtriya Ispat Nigam Ltd, Vizag Steel, is one of the leading steel manufacturing companies in India Manufacturing TMT Rebar-Vizag TMT, Wire Rod Coil, Angle, Channel, Beam, Flat, Billet, Loco Wheel. Only Shore Based Integrated Steel Plant in India

www.vizagsteel.com

 

[ST1976]

Centre finalizes privatization of Navratna PSE of Vizag Steel Plant, RINL - ET Government

The government's plans to divest 10 percent of its stake through an IPO had been kept on hold since 2011 for various reasons until the decision to privatize it completely now.

government.economictimes.indiatimes.com

Rashtriya Ispat Nigam Limited (RINL) Reports Robust Performance in FY 2023-24

Rashtriya Ispat Nigam Limited (RINL), the corporate entity managing Visakhapatnam Steel Plant (VSP), demonstrated impressive growth in its operational metrics during the financial year 2023-24.

news.hellovizag.in

Rashtriya Ispat Nigam Limited's Milestone Amidst Financial Challenges

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has achieved a significant milestone by producing over 100 million tons of saleable steel products since its inception in November 1990. This achievement marks a testament to the company's dedication, inno

www.linkedin.com

https://www.financialexpress.com/business/industry-vizag-steel-plant-forges-deal-with-jspl-for-rs-900-crore-working-capital-3344725/

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[ST1976]

Bhushan Power & Steel Limited (BPSL)​

​

The Company is certified to ISO 9001:2008 & TS-16949 Quality Standards and ISO 14001:2004 Environment Management Standards.

BPSL is a leading manufacturer of flat and long products and has state-of-the-art plants at Chandigarh, Derabassi, Kolkata, and Orissa in India. These plants manufacture value-added products covering the entire steel value chain right from Coal Mining to manufacturing Pig Iron, DRI, Billets, HR Coils, CR Coils, GP/GC Sheets, Precision Tubes, Black Pipe/GI Pipe, Cable Tapes, Tor Steel, Carbon, and Special Alloy SteelWire Rods and Rounds conforming to IS and international standards.

The Company has successfully commissioned a 3.5 Million TPA Greenfield Steel and Power Plant in Orissa with HR Coil making facility - First in the Private Sector in the State of Orissa. For this plant, technology and equipment were sourced from leading world-renowned companies viz., Lurgi, ABB Ltd., SMS Siemag, SMS Meer Danieli, LOI Tenova, Kocks, etc. BPSL has a wide marketing network in both India (comprising 35 sales offices) and abroad for selling its value-added product range.

The rock-solid foundation combined with continuous upgradation and innovation has enabled the Company to surpass its goals constantly. BPSL's end-to-end portfolio has enabled it to offer a wide spectrum of products at superior quality consistently surpassing customers' specifications. In addition to export thrust, BPSL caters to the domestic steel requirements of fast-growing sectors like automotive, white goods, construction/infrastructure, furniture, fasteners, telecommunication, power, etc.

With a view to making its presence in a big way in Special Alloy Steel Long Product business, BPSL has commissioned a most modern state of the art Wire Rod-cum-Bar Mill and is commissioning a host of downstream finishing facilities viz., Heat Treatment facilities, Bright Bar manufacture, etc.

JSW - Bhushan Power & Steel Limited Works

www.jswsteel.in

.
=>

Welcome to the world’s sixth largest steel plant.​

JSW - Vijayanagar Works - Overview

JSW Toranagallu Steel Plant is world’s sixth largest steel plant. We have a capacity of whopping 12 million tonnes per annum. Visit our website to know more.

www.jswsteel.in

JSW - Vijayanagar Works - Overview

JSW Toranagallu Steel Plant is world’s sixth largest steel plant. We have a capacity of whopping 12 million tonnes per annum. Visit our website to know more.

www.jswsteel.in

Bhushan Power & Steel Limited (BPSL)​

JSW - Bhushan Power & Steel Limited Works

www.jswsteel.in

 

[nahtanbob]

Apple Expands Manufacturing in India with AirPods Assembly Set for 2024

The move is part of Apple's broader efforts to reduce reliance on China.

finance.yahoo.com

By late 2024, Apple (AAPL, Financials) will start manufacturing AirPods in India, thereby advancing another phase of its attempts to diversify its supplier chain beyond China, according to media reports. Major Apple partner Foxconn will supervise manufacture at its Hyderabad plant; full-scale assembly is slated to start early 2025.

The action expands on Apple's current manufacturing activities in India, where it has been building iPhones under alliances with Foxconn, Wistron, and Pegatron. The development highlights India's growing importance in Apple's worldwide plan, particularly as the business tries to cut its dependence on Chinese factories in face of continuous geopolitical and economic obstacles.

Already, Apple's AirPods component supply chain depends critically on India. For the wireless earbuds, for instance, Jabil's Pune plant produces casings and ships them to assembly lines in China and Vietnam. Apple shows further dedication to the growing electronics manufacturing ecosystem in India by including AirPods manufacture into its activities there.

Local manufacture of AirPods might help to down costs, but it's not clear whether this would translate into price discounts for Indian buyers. Thanks in part to tariffs and hefty import fees on components, Apple's productsincluding locally built iPhonesremain premium offers in India.

Apple's entry into India coincides with a period of time when the nation is aggressively luring multinational IT firms to establish local headquarters. This change might work as a spark for India's ambition to become a worldwide center of electronics manufacture.

Apple refused to say how the revised manufacturing schedule will impact supply lines or price. Industry analysts, on the other hand, see this as a calculated action enhancing Apple's market share as well as India's profile in worldwide supply chains.

Apple is expanding its technical capacity in linked fields as well. Aiming to lessen dependency on vendors like Broadcom, the business intends to include proprietary Bluetooth and Wi-Fi chipscodenamed "Proximainto its products by 2025.

Apple has also unveiled artificial intelligence tools such custom emoji generation in iOS 18.2 and ChatGPT integration with Siri, which help to explain over 30% increase in its stock this year.

Apple's fiscal fourth quarter's 6% year-over-year sales growth, which comes to $94.9 billion financially, Record highs in the company's stock price show investor faith in its continuous innovation and strategic direction.

 

[ST1976]

Hindalco Industries Limited – Leading Aluminium and Copper Manufacturing Company in India

Discover Hindalco Industries Limited, a flagship company of the Aditya Birla Group, renowned for its leadership in aluminium and copper production, innovative solutions, and sustainable practices.

www.hindalco.com

HINDALCO​

One of the largest integrated primary producer of aluminium in Asia. With a pan-Indian presence that encompasses the entire gamut of operations, from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions and recycling, Hindalco enjoys a leadership position in aluminium and downstream value-added products in India.

Our Indian aluminium operations are integrated and consist of bauxite mining, alumina refining, smelting and converting primary metal into value-added products. We have dedicated sources for critical raw materials such as bauxite, power and coal. We also have committed supply sources for auxiliary chemicals.

Our finished products include alumina, primary aluminium in the form of ingots, billets and wire rods, value-added products such as rolled products, extrusions and foils. Metallurgical alumina is used for our own captive needs. Chemical alumina and hydrates are used in range of industries including water treatment, fillers in cables and plastics, refractories and ceramics, glass among others.

Our facilities are in regions close to raw material sources, low cost and available labour and demand markets. This helps in reducing costs and improving profit margins. The technology upgrade has resulted in higher utilisation rates at our plants and improved efficiency.

We believe implementation of superior technology not only reduces costs but also provides superior and customised products, thus, improving our sales.

Hindalco’s integrated complex at Renukoot, in Uttar Pradesh, India, houses an alumina refinery, an aluminium smelter and facilities for the production of semi-fabricated products. Power is sourced from our Renusagar power plant, located about 45km from Renukoot. Our facilities also include an aluminium smelter and an aluminium FRP facility (for rolled products, extrusions products and wire rods) at Hirakud (Odisha) with a captive power plant and coal mine, and alumina refinery at Muri (Jharkhand). Our Chemical grade alumina plant is located at Belagavi (Karnataka), and rolling mills at Belur (West Bengal), Taloja near Mumbai and Mouda near Nagpur (Maharashtra). Foil rolling facility is situated at Mouda near Nagpur (Maharashtra) and our extrusion plant at Alupuram (Kerala).

Hindalco's new age smelters at Aditya (Odisha) and Mahan (Madhya Pradesh), operating on state-of-the-art AP36 technology, have not only resulted in expansion of our capacities but also improved cost-efficiency of our operations. These smelters have their own captive power plants and source alumina from Utkal, our 100% subsidiary.

Utkal Alumina (Odisha) is a world class refinery with one of the lowest cost structure in the world. The bauxite for Utkal is sourced from Baphlimali mines by a 18 kilometer long conveyor, one of its kind in the world.

All our units are ISO 9001, 14001 and OHSAS 18001 certified. Furthermore, many of our units have adopted the Integrated Management System (IMS) certification, reflecting a combined business excellence model. Apart from being a leading player in the domestic market, Hindalco's products are well-accepted in the international markets.

Our strength in aluminium products differentiates us from our competition. A significant portion of Hindalco’s sales come from value-added products. This is in line with our ‘market-grower’ philosophy. Hindalco has introduced numerous new products in the Indian market, including branded roofing sheets, branded kitchen foils and input material for bicycles and railway wagons. Hindalco’s Aluminium Gallery is a platform for its small customers to showcase their products to their consumers.

Some of our popular brands like Eternia Windows, Maxloader and Hindalco Extrusions under the extrusions segment, Everlast Roofings under the flat rolled products segment, Freshwrapp and Superwrap under the aluminium foil products segment, as well as Birla Copper and Birla Balwan under the copper mainstream products and co-products segment have garnered strong customer acceptance.

Largest integrated primary producer of aluminium in Asia - Hindalco

Wide spectrum of aluminium operations at Hindalco consists of bauxite mining, alumina refining, smelting and converting primary metal into value added products.

www.hindalco.com

Hindalco Industries Limited – Leading Aluminium and Copper Manufacturing Company in India

Discover Hindalco Industries Limited, a flagship company of the Aditya Birla Group, renowned for its leadership in aluminium and copper production, innovative solutions, and sustainable practices.

www.hindalco.com

 

[ST1976]

Vedanta is a leading global natural resources and technology conglomerate operating across India, South Africa, Liberia and Namibia.

We are a uniquely diversified company across the natural resources spectrum with interests in Oil & Gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power, Nickel, Semiconductor and Glass.​

Over the years, Vedanta has positioned itself as a leading natural resources and technology conglomerate, focusing on large scale expansion of its portfolio in India with operational excellence benchmarked to global standards.

For two decades, we have facilitated the growth of the Indian economy by contributing to the national exchequer and creating thousands of jobs.

We have put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner. The organisation has pledged $5 billion over the next 10 years to accelerate the transition to net-zero operations.

Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

Our Core Purpose​

Our goal is to create long-term value for all our stakeholders through research, discovery, acquisition, sustainable development and utilisation of diversified natural resources. For accomplishing that, we empower our people to drive excellence and innovation. We demonstrate world-class standards of governance, safety, sustainability and social responsibility.

Overview | Leading Natural Resources and technology Conglomerate | Choose Vedanta

A leading global natural resources conglomerate operating across the globe, Vedanta promotes the growth of the Indian economy by creating thousands of job opportunities. Know more.

www.vedantalimited.com

Vedanta is the largest producer of Zinc, Lead & Silver, Aluminium, Iron ore, Oil & Gas, and Ferro Chrome in india

Overview | Tech Forward Approach | Experience with Vendanta Limited

Browse through our website to know more about our operational efficiency and productivity, startup experience and digital-driven businesses. Learn more about Vedanta.

www.vedantalimited.com

Overview | Tech Forward Approach | Experience with Vendanta Limited

Browse through our website to know more about our operational efficiency and productivity, startup experience and digital-driven businesses. Learn more about Vedanta.

www.vedantalimited.com

 

[nahtanbob]

Apple’s AirPods Now Made in India, Phasing Out China​

Apple has launched pilot production of its wireless earbuds, AirPods, at a new facility near Hyderabad, India, signaling a significant shift in its manufacturing strategy.

On Friday, PhoneArena reported that Apple is conducting trial runs of AirPods production at its new plant in Telangana, India, showing Apple’s mass production in early 2024. This move follows Apple’s 2022 decision to manufacture iPhone 14 models in India.


AirPods will become the second major Apple product assembled in the country, underscoring India’s growing importance in the company’s supply chain.

Apple’s pivot towards India and Vietnam for production stems from rising operational costs in China and U.S. technology restrictions.

With some AirPods already being manufactured in Vietnam, this expansion strongly suggests that Apple is phasing out AirPods production in China.

However, industry experts predict that relocating production presents significant hurdles, particularly in terms of cost management and quality assurance.

Establishing manufacturing operations in new countries is a complex process that requires careful consideration of labor costs compared to those in China.

In related news, market research firm Canalys reports that Apple maintained a strong position in the wireless earbuds market. In the second quarter, it shipped 16.8 million devices and captured a 22% market share.

 

[ST1976]

हिंदुस्तान कॉपर लिमिटेड (एचसीएल) खान मंत्रालय, भारत सरकार के प्रशासनिक नियंत्रणाधीन एक सार्वजनिक उपक्रम की स्थापना 9 नवम्बर 1967 को की गई थी। इसे देश की एकमात्र उर्ध्वा कार एकीकृत तांबा उत्पादक कंपनी होने का गौरव प्राप्त है क्योंकि यह खनन के चरण से लेकर बेनिफीशिएशन, प्रग्गदलन, शोधन और परिष्कृत तांबे की धातु...

विज़न एवं मिशन​

स्पष्ट रूप से कंपनी के लक्ष्यों को संबोधित दृष्टि दस्तावेज़ नीचे इंगित किया गया है: दृष्टि एक अग्रणी धातु खनन कंपनी बनने का प्रयास करना और कुल शेयरधारक को अधिकतम करना स्थायी रूप से खोजना, विकास करना, और खनन तांबा अयस्क और इस तरह के अन्य भौगोलिक रूप से जुड़े खनिजों मिशन​ इष्टतम के माध्यम से व्यवसाय में टिकाऊ विकास प्राप्त करने के लिए; मौजूदा संसाधनों और संपत्तियों का कुशल उपयोग. विस्तार के माध्यम से खनन क्षमता का तेजी से विस्तार करने के लिए मौजूदा खदानों, बंद खानों और ग्रीन फील्ड परियोजनाओं का पुनः खोलना। विस्तार करने के लिए मौजूदा खानों और नए खनन पट्टों की विस्तृत अन्वेषण खनन क्षमता प्रदर्शन पर ध्यान केंद्रित करके कंपनी के मूल्य को बढ़ाने के लिए सुधार की. अन्वेषण, खनन और अत्याधुनिक प्रौद्योगिकी के क्षेत्र में आत्मसात करना प्रतिस्पर्धी लाभ के लिए अयस्क का लाभकारी. उत्पादकता और ऊर्जा को लाने में लगातार सुधार के लिए प्रयास करना अंतरराष्ट्रीय स्तर पर सर्वश्रेष्ठ के बराबर. अनुसंधान के माध्यम से नवाचार जारी रखने के लिए& विकास.

Hindustan Copper Limited

Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on 9th November 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the...

www.hindustancopper.com

Hindustan Copper Limited

Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on 9th November 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the...

www.hindustancopper.com

 

[DDG-80]

India was the topmost recipient of remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico, China, Philippines and Pakistan, driven by a recovery in the job markets in high-income countries, a blog post by World Bank economists said on Wednesday.

The growth rate of remittances this year is estimated to be 5.8 per cent, compared to 1.2 per cent registered in 2023, according to the report.

“The recovery of the job markets in the high-income countries of the Organization for Economic Co-operation and Development (OECD), following the onset of the pandemic, was the key driver of remittances,” the blog post said.

It added that officially recorded remittances to low-and middle-income countries (LMICs) are expected to reach $685 billion in 2024.

The blog post said remittances have continued to outpace other types of external financial flows to low- and middle-income countries and will continue to increase because of enormous migration pressures driven by demographic trends, income gaps, and climate change.

It said the gap between remittances and Foreign Direct Investment (FDI) is expected to widen further in 2024.

In the past decade, remittances increased by 57 per cent, while FDI declined by 41 per cent, the World Bank said.

“Countries need to take note of the size and resilience of remittances and find ways to leverage these flows for poverty reduction, financing health and education, financial inclusion of households, and improving access to capital markets for state and non-state enterprises,” the blog said.

Remittance flows to South Asia are expected to register the highest increase in 2024, at 11.8 per cent, driven by continued strong flows to India, Pakistan, and Bangladesh, the blog post by economists Dilip Ratha, Sonia Plazaeung and financial analyst Ju Kim, added.

 

[ST1976]

we were discussing, Indians are Creamy Layer of US-west. the industries of US-west are highly dependent on Skilled Indian work force. .....

American common citizens paying less than 1/3 a third Tax than Indians is also state 'grading', between the people, as compared to locals of US

US-west can't run their industries without Indian immigrants, its a information....
.

as below, we now find Indians in US at population 4.534million are more than Chinese
=>

List of ethnic groups in the United States by household income - Wikipedia

en.wikipedia.org

 

[Circadian Rhythm]

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[ST1976]

here, we have a news as below:

.
=> Remittance from India to Bangladesh (in USD million)According to the bilateral remittance data published by the World Bank, India was the largest source of remittances to Bangladesh in 2021, with a reported figure of approximately USD 5.747 billion.

Google Search
.

 

[AjayGhatak]

129 billion... phew~
And then there is Indian government.... and bureaucracy.... hates NRIs. I guess it must be jealousy.

 

[hussain0216]

Mexico, Philippines and Pakistan are more impressive

India is the most populated country in the world, it's obvious why they or China would be there

Philippines and Mexico are 13/14 times smaller then India yet their remittance is only 2-3 times smaller

Pakistan population wise is 6-7 times smaller but it's remittance is 4 times smaller


Most impressive is the current order
Mexico
Philippines
Pakistan
India
China

 

[ST1976]

Mexico, Philippines and Pakistan are more impressive

India is the most populated country in the world, it's obvious why they or China would be there

Philippines and Mexico are 13/14 times smaller then India yet their remittance is only 2-3 times smaller

Pakistan population wise is 6-7 times smaller but it's remittance is 4 times smaller


Most impressive is the current order
Mexico
Philippines
Pakistan
India
China

@Hamartia Antidote

good day sir
as per the information of Indian immigrants in US-west in post#190, India mostly gets Remittances from "White Collar Jobs" holders Hindus there.

the similar report I have about the Indian workers in Gulf nations, if we separate Hindus and Muslims of India. Hindus mostly do White Collar Jobs , with much Higher Taxpayer people as compared to locals of Gulf/Arab League similar to US-west

Note: we describe "Blue Collar Jobs" for labours .
.
=>

List of ethnic groups in the United States by household income - Wikipedia

en.wikipedia.org