India Economy Thread

[NeptunesVortex]

 

[NeptunesVortex]

Spark Minda Gets ECMS Nod for Greenfield TFT Display Unit

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Exicom Makes India’s First Liquid-cooled Charging Modules, Starts US Exports

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[NeptunesVortex]

India gets nearly Rs 5,000 crore FDI after easing rules for Chinese-linked firms

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[NeptunesVortex]

India eyes 14-fold jump in electronic component production by FY31: Report

India eyes 14-fold jump in electronic component production by FY31: Report

India aims for USD 500 billion in electronics production by FY31. Electronic component production is projected to reach USD 150 billion, a significant increase. Mobile phone manufacturing will also grow substantially, reaching USD 159 billion by FY31. Other categories like consumer electronics...

m.economictimes.com

 

[NeptunesVortex]

 

[Vikramaditya1]

(Don't miss the glorious seething of wiggers under the tweet)

Heavy reliance on agriculture and IT software servicing has brought India to this point. Certainly this next couple of years will see a shock to both sectors.

They do still have one major export left that they can and will fall back on - Indians.

I hear such funny takes since AI came into being (mostly hopium and copium) Meanwhile Indian IT firms are signing billion dollar deals left and right. For TCS alone this year they signed $1B with Porsche, $800 million with SKF, $600 mil with Tryg Norway. This is one firm then there is Wipro, HCL, Infosys et al who signed multibillion dollar deals.

 

[NeptunesVortex]

L&T wins ultra-mega Middle East gas project worth over ₹15,000 crore

L&T wins ultra-mega Middle East gas project worth over ₹15,000 crore

Larsen & Toubro announced an ultra-mega contract exceeding fifteen thousand crore rupees. This significant project involves building gas compression facilities and related infrastructure. The contract was awarded through a letter of award issued in fiscal year twenty twenty-six. L&T Energy...

m.economictimes.com

 

[NeptunesVortex]

Gabriel India forms JV with South Korea's HL Klemove for autonomous driving technology

Damn, Gabriel India and South Korea’s HL Klemove are basically bringing the whole ADAS electronics stack to India: radar, front cameras, LiDAR, automated driving and parking control units plus the software that runs them. They’ll also make brake and steering ECUs, chassis control units and torque sensors. This is pretty unusual for India’s auto-component industry.

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[NeptunesVortex]

JSW MG Motor to invest ₹6,000 crore to expand Halol capacity, scale NEV push
On top of that investment, their vendors are putting in close to ₹2,500 crore or so.

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