India Economy Thread

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India plans to scrap curbs on Chinese firms bidding for government contracts

India plans to lift restrictions on Chinese firms bidding for government contracts, aiming to revive trade amid improved relations.
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India plans to scrap curbs on Chinese firms bidding for government contracts​

Reuters is the first to report on the plan to ease the restrictions.One of the sources said officials were ⁠working to remove the registration requirement.

Both sources, who declined to be named as they were not authorised to speak publicly, said Indian Prime Minister Narendra Modi's office will make the final decision. The Finance Ministry and the Prime Minister's Office did not respond to Reuters ⁠requests for comment.


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India launches new e-Business visa for Chinese nationals

India launches the e-B-4 Visa for Chinese nationals, facilitating business travel with a six-month stay and online application.
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India launches new e-Business visa for Chinese nationals​

India has introduced an e-Production Investment Business Visa called e-B-4 Visa that Chinese businessmen can apply for to travel to India for specific business activities, including installation and commissioning of equipment.
 
economictimes.indiatimes.com

Spain, Germany, Belgium, Poland emerging as key export destinations for India within EU

India's exports to the European Union are showing strong growth. Spain is a standout market with significant export increases. Germany continues to be a stable destination for Indian products. Belgium and Poland also show positive export trends. These developments are occurring as India and the...
economictimes.indiatimes.com economictimes.indiatimes.com

FTA will be a major boost.
 
Sri said:
Looking such reports , i even dont know why people hate Nirmala tai 😂
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More than Nirmala Tai, RBI governors are doing an excellent job at smart investment. They give fiscal breathing space to government every year remitting Trillions of rupees, essentially free money.
 
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@CallSignMaverick

Yeah, that is true. The REER has fallen to 94-95 while typically it tends to remain around 100. So that explains another 5% decline in GDP.

Hopefully, if a good trade deal is landed, that 5% upside on forex rate could happen. Inshallah that could potentially give us a 15% upside on nameplate GDP (10% rebasing, 5% REER gain). But this depends on Trump agreeing on a trade deal. Let's petition our brother @r3alist to put in a good word with DJT for us.

Regards
 


January 12, 20262:46 PM GMT+8Updated 1 hour ago

Jan 12 (Reuters) - India's Reliance Industries said on Monday that its plans for battery storage manufacturing remain unchanged, following a Bloomberg News report that said the conglomerate had paused plans to make lithium-ion battery cells in India after failing to secure Chinese technology.

"Reliance Industries strongly and categorically affirms that there has been no change in our plans for creating a world leading battery storage manufacturing ecosystem from Cell to containerised ESS (energy storage system) and that they are progressing well in line with our target timelines," a company spokesperson said in an email to Reuters.

The Mukesh Ambani-led conglomerate, which aimed to start manufacturing cells this year, had been in discussions with Chinese firm Xiamen Hithium Energy Storage Technology to license cell technology, Bloomberg News reported on Sunday, citing people who did not want to be identified.

The talks stalled after Xiamen withdrew from the proposed partnership following China's curbs on overseas technology transfers in key sectors, prompting Reliance to refocus on assembling battery energy storage systems, the report said.

Reuters could not immediately verify the report.

Last October, Beijing announced controls on exports of lithium battery components, requiring exporters to obtain permits, tightening China's grip on technology critical for energy storage and electric vehicles.
 
Insane, another 1 mn capacity plant.
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冖_冖 said:


January 12, 20262:46 PM GMT+8Updated 1 hour ago

Jan 12 (Reuters) - India's Reliance Industries said on Monday that its plans for battery storage manufacturing remain unchanged, following a Bloomberg News report that said the conglomerate had paused plans to make lithium-ion battery cells in India after failing to secure Chinese technology.

"Reliance Industries strongly and categorically affirms that there has been no change in our plans for creating a world leading battery storage manufacturing ecosystem from Cell to containerised ESS (energy storage system) and that they are progressing well in line with our target timelines," a company spokesperson said in an email to Reuters.

The Mukesh Ambani-led conglomerate, which aimed to start manufacturing cells this year, had been in discussions with Chinese firm Xiamen Hithium Energy Storage Technology to license cell technology, Bloomberg News reported on Sunday, citing people who did not want to be identified.

The talks stalled after Xiamen withdrew from the proposed partnership following China's curbs on overseas technology transfers in key sectors, prompting Reliance to refocus on assembling battery energy storage systems, the report said.

Reuters could not immediately verify the report.

Last October, Beijing announced controls on exports of lithium battery components, requiring exporters to obtain permits, tightening China's grip on technology critical for energy storage and electric vehicles.
Click to expand...
Typical fat rent seeker, literally sells packaged water that too isn't his own created brand.
 
冖_冖 said:


January 12, 20262:46 PM GMT+8Updated 1 hour ago

Jan 12 (Reuters) - India's Reliance Industries said on Monday that its plans for battery storage manufacturing remain unchanged, following a Bloomberg News report that said the conglomerate had paused plans to make lithium-ion battery cells in India after failing to secure Chinese technology.

"Reliance Industries strongly and categorically affirms that there has been no change in our plans for creating a world leading battery storage manufacturing ecosystem from Cell to containerised ESS (energy storage system) and that they are progressing well in line with our target timelines," a company spokesperson said in an email to Reuters.

The Mukesh Ambani-led conglomerate, which aimed to start manufacturing cells this year, had been in discussions with Chinese firm Xiamen Hithium Energy Storage Technology to license cell technology, Bloomberg News reported on Sunday, citing people who did not want to be identified.

The talks stalled after Xiamen withdrew from the proposed partnership following China's curbs on overseas technology transfers in key sectors, prompting Reliance to refocus on assembling battery energy storage systems, the report said.

Reuters could not immediately verify the report.

Last October, Beijing announced controls on exports of lithium battery components, requiring exporters to obtain permits, tightening China's grip on technology critical for energy storage and electric vehicles.
Click to expand...
The current news is:

After failing to acquire battery cell manufacturing technology, Reliance Industries will cease its related battery cell manufacturing plans. In the future, it will refocus on assembling battery energy storage systems.

Simply put, they will import battery cells from abroad, assemble their own branded battery energy storage systems domestically, and then sell them.
 
Michael said:
The current news is:

After failing to acquire battery cell manufacturing technology, Reliance Industries will cease its related battery cell manufacturing plans. In the future, it will refocus on assembling battery energy storage systems.

Simply put, they will import battery cells from abroad, assemble their own branded battery energy storage systems domestically, and then sell them.
Click to expand...
Most big indian companies don't want to do research.they are happy with screw driving 🫠
 
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CallSignMaverick said:
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This is clearly just a very simple battery assembly workshop; it cannot produce any battery cells.

Investing in a company like this wouldn't cost more than $10,000. (In China)
 
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