It is special for India since we did not have this ability before.
But in the larger scheme of things, another stop towards a larger destiny.
India Economy Thread
- Thread starter indushek
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It is special for India since we did not have this ability before.
But in the larger scheme of things, another stop towards a larger destiny.
mulj
Trusted Member
Well, Brics are new commodity kings on the block.
BRICS has 42 % of world population and 26 % of global GDP.
That is a pretty significant chunk.
With the BRICS+6 group, it will jump to 46 % of global population and 30% of global GDP.
CallSignMaverick
Registered Member
CallSignMaverick
Registered Member
mulj
Trusted Member
There are hidden risks in that if not managed properly with devastating effects, butterfly efect is more likely to happen but that is the price of other benefits.
What is the risk if we use our own currency for foreign trade ?
The risk is transferred to the foreign seller. And they will accept it if only India has the credibility and Standing in the Financial Market and a strong framework of Policy and Execution with a history of honoring commitments.
The very Fact that a basket of nations accepted our currency as legal tender shows our growing standing in the world.
CallSignMaverick
Registered Member
South Korean technology behemoth SOLIS-IDC has announced its plan to invest a staggering USD $2 billion in India to establish a cutting-edge data centre!
cio.economictimes.indiatimes.com
Chandigarh Metro
Government to set up a big GPU cluster of 25,000 GPUs at the cost of $1.5 billion for Indian companies working on Artificial Intelligence requiring high computing capacity.
Krypton Solutions likely to invest $100 million in Karnataka to set up a Printed Circuit Board fabrication unit in Karnataka, while semiconductor manufacturing company Texas Instruments has affirmed its commitment to R&D expansion in the state.
www.moneycontrol.com
Sify to invest ₹9,000 crore ($1.1 billion) in six years on data centres in India
www.thehindubusinessline.com
RSOLEC to invest $300 million into solar manufacturing venture in India
Bharat Biotech plans to invest Rs 3,000-4,000 crore in post-Covid shift
SOLIS-IDC to invest USD 2 bn in India to set-up data center
With a strong presence in the global tech industry, the company's decision to invest in India is expected to have far-reaching implications for the country's digital ecosystem.
cio.economictimes.indiatimes.com
Chandigarh Metro
Government to set up a big GPU cluster of 25,000 GPUs at the cost of $1.5 billion for Indian companies working on Artificial Intelligence requiring high computing capacity.
Krypton Solutions likely to invest $100 million in Karnataka to set up a Printed Circuit Board fabrication unit in Karnataka, while semiconductor manufacturing company Texas Instruments has affirmed its commitment to R&D expansion in the state.
Krypton Solutions likely to invest $100 million in Karnataka
Noting that Texas Instruments was the first technology company to set up an R&D centre in Bengaluru in 1985, the release said, the company's R&D centre in the city is the largest outside of the Texas Instruments’ headquarters in Dallas.
www.moneycontrol.com
Sify to invest ₹9,000 crore ($1.1 billion) in six years on data centres in India
Sify to invest ₹9,000 crore in six years on data centres
Sify Technologies is investing ₹9,000 crore in the next 5-6 yrs to expand its data centre capacity from 100 MW to 350 MW. The company is investing ₹3,000 crore in current projects, and another ₹3,000 crore in new projects in Chennai, Mumbai, Noida and Bengaluru. The next phase of expansion will...
RSOLEC to invest $300 million into solar manufacturing venture in India
Bharat Biotech plans to invest Rs 3,000-4,000 crore in post-Covid shift
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mulj
Trusted Member
Risk is about currency value and management, it can have various effects on state economy, currency in its essence is manipulative artificial entity and easily can slip out of control under political influence, exposing it to the international markets becomes competitor to others more present and stronger ones, that is nature of statehoods.
CallSignMaverick
Registered Member
Foxconn's logistics unit Jusda opens new office in Tamil Nadu ahead of iPhone 15 launch
Foxconn's logistics unit Jusda opens new office in TN ahead of iPhone 15 launch
Several reports said that a Foxconn Technology Group plant in Sriperumbudur is all set to deliver the newest devices only weeks after they start shipping from factories in China.
www.livemint.com
Exclusive | Boeing eyes India as upcoming MRO hub, aims to ramp up sourcing to Rs 10,000 crore - CNBC TV18
Boeing has delivered 12 P8 aircraft which have a cumulative flying hour of more than 40,000. P8 is a maritime patrol and reconnaissance aircraft. The company is in talks with the Indian Navy to add 6 extra P8 to the Navy's fleet.
www.cnbctv18.com
Apple nears $10 billion India revenue
Apple nears $10 bn India revenue
The revenue estimates come on the back of 47.8% growth in sales to $5.9 billion and strong profitability growth in India
www.livemint.com
Apple India net profit jumps 77% YoY in FY23, revenue rises by 48%
Apple India witnessed a significant rise in its net profit in previous financial year. The iPhone maker reported a 77% YoY rise in its net profit to ₹2,230 crore in fiscal year 2022-23
www.livemint.com
German furniture brand Hettich Group plans to invest Rs 700 crore in India to expand its manufacturing units, creating nearly 1,000 new jobs.
Read more at:
Hettich Group to create 1,000 new jobs in India as it embarks on expansion drive
German furniture brand Hettich Group plans to invest Rs 700 crore in India to expand its manufacturing units, creating nearly 1,000 new jobs. With the opening of a plant in Vadodara and a groundbreaking ceremony for another in Indore, the company will have five manufacturing units in the...
Schneider Electric India plans to invest ₹ 3,200 Crore by 2026: CEO & MD Deepak Sharma
Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said.
tradebrains.in
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CallSignMaverick
Registered Member
India’s retail industry is projected to expand to $4.5 trillion by end of the decade!
Indian shopping centres are catalysts for economic growth: Deloitte−SCAI report
The report highlights that malls and shopping centres account for a significant share of the organised brick-and-mortar retail sector. This segment is expected to grow at a rapid pace, with a projected ~17 percent CAGR from 2022 to 2028, outpacing the overall growth of the retail pie.
brandequity.economictimes.indiatimes.com
CallSignMaverick
Registered Member
$1.5 billion incentives for heavy machinery manufacturing in India
All that is true even if we don't use the INR to pay for our international trade. INR is a freely convertible currency.
CallSignMaverick
Registered Member
Saint Gobain investing ₹8,000 crore ($1 billion) in India to meet growth targets, aims 10% growth in FY24
Saint Gobian investing Rs 8,000 cr in India to meet growth targets, aims 10% growth in FY24
"Saint-Gobain India is performing very well in India in terms of growth, profitability, expansion, sustainability, digital and people talent. All our businesses be it in building and construction or industrial solutions are performing well," Saint Gobian CEO of Asia Pacific and India region and...
MC Exclusive: Century Real Estate to launch 7 million sq ft business park in Bengaluru
The company plans to invest Rs 3,400 crore to launch 9 million square feet (msf) of projects in Bengaluru within the next financial year.
www.moneycontrol.com
AT Capital Group | Juniper Green Energy : AT Capital Group and Vitol invest $350 million in Juniper Green Energy
Singapore's AT Capital Group and Dutch commodities trading firm Vitol have invested $350 million in Juniper Green Energy, an independent renewable energy power producer based in Delhi. This follows an initial commitment of $200 million two years ago. Juniper Green Energy plans to use the funding...
Tata Power To Get $425 Million From US Govt Agency For Solar Cell And Module Manufacturing Plant In Tamil Nadu
Tata Power will get over $400 million in financing from a US government agency for its solar cell manufacturing plant in Tamil Nadu
swarajyamag.com
ST Telemedia GDC India to invest $1 bn in expanding data centre capacity in India
STT GDC India to invest $1B in India over 3-4 years to expand data centres. Will double capacity every 4 years, mostly in 9 big cities & some tier-2 cities. Market for data centres in India booming due to digitalisation & STT GDC India has 30% share. Will build 2-3 this year & 7-8 in 3 years.
Airtel backer Warburg Pincus is set to invest another billion dollars in India - CNBC TV18
Warburg Pincus, the private equity firm pared its stake in IDFC First Bank via block deals, a portfolio company for the past 11 years. Other portfolio companies MedPlus and Bharti Airtel also saw stake sale by Warburg Pincus.
www.cnbctv18.com
Our investment in India will keep growing: IBM CEO Arvind Krishna
AI adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world, IBM CEO Arvind Krishna said.
cio.economictimes.indiatimes.com
India's ONGC to invest $24.2 billion to meet net-zero emissions goal
ONGC: The company, which accounts for about two-thirds of India's oil production and about 58% of gas, is looking to boost its hydrocarbon output while strengthening its presence in the clean energy sector.
auto.economictimes.indiatimes.com
Indian refiner BPCL to spend USD 18.16 billion in oil, green energy over 5 years
Bharat Petroleum News: "The company has set a planned capex outlay of around 1.5 trillion rupees (USD 18.16 billion) in the next five years, which will enable BPCL to create long-term value for our stakeholders while preserving our planet for future generations," Krishnakumar told an annual...
auto.economictimes.indiatimes.com
Shell Energy India to invest Rs 3,500 crore to set up renewable energy facility in Gujarat
Under this MoU, Shell Energy India will invest Rs 2,200 crore to set up a renewable energy production facility on 1,200 acres in Banaskantha district of north Gujarat. The facility will provide direct and indirect employment to more than 1,000 people, and it is expected to commence commercial...
Apple to begin AirPods manufacturing at Foxconn's Hyderabad factory: Report
Apple to produce AirPods at Foxconn's Hyderabad facility, set to begin mass production by December 2024. iPhone SE 4 rumored to feature USB Type-C port and Face ID functionality.
www.livemint.com
Indian solar firm Jakson Group plans $3 billion move into power generation
The firm is counting on India’s ambitious plan to install 500 gigawatts of clean energy capacity by 2030.
www.moneycontrol.com
Clean energy firm Mount Row eyeing $2 bn investment in India; Betting big on
Mount Row Partners: The company -- which already manages a portfolio of around $1 billion worth of investment in assets -- is betting big on "biodigestion" technology and the huge potential for waste-to-energy conversion in India.
energy.economictimes.indiatimes.com
CapitaLand Investment India looks to invest SGD 7-8 billion in next 3-4 years - ET RealEstate
We currently have 22 million sq ft of operational IT Parks in India across several cities and about 7.5 million sq ft of operational industrial logistics. Our goal across both asset classes is to touch over 50 million sq ft in the next 3-4 years, said Sanjeev Dasgupta, CEO, CapitaLand Investment...
realty.economictimes.indiatimes.com
Bessemer says India SaaS is on track to touch $50 billion by 2030
Read more at:
SaaS: Bessemer says India SaaS is on track to touch $50 billion by 2030 - The Economic Times
A significant chunk of the companies that will contribute to the $50 billion annual recurring revenue (ARR) tally will be ones who would not have exhausted any more than $100 million of equitybased capital by 2030, BVP partner Anant Vidur Puri told ET.
Warehousing supply across India’s key cities to touch 516 million sq ft by 2026
Read more at:
Warehousing supply across India’s key cities to touch 516 million sq ft by 2026
The warehousing industry is seeing significant growth in India, driven by rising consumer demand, the expansion of e-commerce, and investment in manufacturing, with cumulative supply expected to reach 516 million sq ft by 2026. Mumbai, Pune, and Delhi showed the highest demand during H1 2021...
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