India Economy Thread
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DDG-80
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FY 2023-24 closes with highest monthly merchandise exports of the current FY in March 2024 at $41.68 Billion.
www.bloomberg.com
Electronic goods exports increase by 23.64% from $23.55 Billion in FY 2022-23 to $29.12 Billion in FY 2023-24.
Drugs and pharmaceuticals exports increase by 9.67% from $25.39 Billion in FY 2022-23 to $27.85 Billion in FY 2023-24.
Engineering Goods exports increase by 2.13% from $107.04 Billion in FY 2022-23 to $109.32 Billion in FY 2023-24.
India’s Trade Deficit Narrows to 11-Month Low in March
India’s trade deficit narrowed to a 11-month low in March as the nation reined in its import bill and a recovery in global demand helped keep exports steady.
www.bloomberg.com
Drugs and pharmaceuticals exports increase by 9.67% from $25.39 Billion in FY 2022-23 to $27.85 Billion in FY 2023-24.
Engineering Goods exports increase by 2.13% from $107.04 Billion in FY 2022-23 to $109.32 Billion in FY 2023-24.
DDG-80
Trusted Member
Apple is in advanced discussions with Murugappa Group and Tata group’s Titan Company to assemble — and, possibly, manufacture — sub-components for iPhone camera modules, people aware of the matter told ET. In 2022, Murugappa Group acquired 76% stake in Noida-based camera module maker Moshine Electronics to diversify its business in the electronics and components space.
economictimes.indiatimes.com
ET reported in December last year that Apple was in talks with component makers such as India’s Aequs Group and Taiwanese camera and lens maker Rayprus Technologies, and in preliminary discussions with Indian contract manufacturer Dixon Technologies.
Rayprus is among the leading companies globally which make multi-camera modules for smartphones and is one of the few suppliers of the technology not based in China, according to experts.
After gorilla glass maker Corning announced that it would set up a manufacturing facility in Tamil Nadu, another Apple supplier, Rayprus Technologies, is set to make its manufacturing foray in India. The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus coming up in Bengaluru, people aware of the developments told ET.
"Rayprus is coming to the Foxconn park near the airport (in Bengaluru)," one person cited above said. "Right now, they're in advanced talks with Foxconn to set up in the new facility."
apple: Titan, Murugappa may make iPhone camera parts to keep China out - The Economic Times
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
Rayprus is among the leading companies globally which make multi-camera modules for smartphones and is one of the few suppliers of the technology not based in China, according to experts.
After gorilla glass maker Corning announced that it would set up a manufacturing facility in Tamil Nadu, another Apple supplier, Rayprus Technologies, is set to make its manufacturing foray in India. The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus coming up in Bengaluru, people aware of the developments told ET.
"Rayprus is coming to the Foxconn park near the airport (in Bengaluru)," one person cited above said. "Right now, they're in advanced talks with Foxconn to set up in the new facility."
DDG-80
Trusted Member
Next in Line, trials of Jai/Reliance Ammunition Limited 155mm HE Bourrelet rounds. Both OFJ and Jai Ammunition Limited got the development contract for the development of 155mm HE Bourrelet rounds from ARDE, DRDO.
DDG-80
Trusted Member
Apple bonanza: iPhones drive India's mobile phone exports to record $15 billion
Apple contributed 65%, or about $10 billion, double the $5 billion of phone exports from India in FY23, when the US major became the first smartphone brand to achieve this feat.
DDG-80
Trusted Member
India’s overall exports hit record $776.7 billion in FY24
theprint.in
India's exports growth momentum continues, services trade at all-time high in 2023-24
New Delhi [India], April 15 (ANI): India’s overall exports, merchandise and services combined, in the just-concluded financial year 2023-24 are estimated to be USD 776.68 billion, largely steady on a yearly basis, commerce ministry data showed on Monday. In break up, exports of merchandise goods...
theprint.in
JaneBhiDoYaaron
Registered Member
This why assembly was very important and only idiots were laughing. Now whole eco system is developing. It started with phone chargers and packaging material and boxes now to next level.Apple is in advanced discussions with Murugappa Group and Tata group’s Titan Company to assemble — and, possibly, manufacture — sub-components for iPhone camera modules, people aware of the matter told ET. In 2022, Murugappa Group acquired 76% stake in Noida-based camera module maker Moshine Electronics to diversify its business in the electronics and components space.
ET reported in December last year that Apple was in talks with component makers such as India’s Aequs Group and Taiwanese camera and lens maker Rayprus Technologies, and in preliminary discussions with Indian contract manufacturer Dixon Technologies.apple: Titan, Murugappa may make iPhone camera parts to keep China out - The Economic Times
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
Rayprus is among the leading companies globally which make multi-camera modules for smartphones and is one of the few suppliers of the technology not based in China, according to experts.
After gorilla glass maker Corning announced that it would set up a manufacturing facility in Tamil Nadu, another Apple supplier, Rayprus Technologies, is set to make its manufacturing foray in India. The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus coming up in Bengaluru, people aware of the developments told ET.
"Rayprus is coming to the Foxconn park near the airport (in Bengaluru)," one person cited above said. "Right now, they're in advanced talks with Foxconn to set up in the new facility."
MirageBlue
Registered Member
Astra Mk2 test firing trials to start in a few months time!
MirageBlue
Registered Member
DDG-80
Trusted Member
Now, India shooting for home-made bullet trains
India is developing a home-built bullet train exceeding 250 kmph, using Vande Bharat platform technology by ICF, Chennai. The project integrates Indian tech and domestic manufacturing, funded by JICA with completed pier work and land acquisition for the Mumbai-Ahmedabad High Speed Rail project.
DDG-80
Trusted Member
India's economy to grow at 8-8.3 pc in current fiscal: PHDCCI
PHDCCI predicts India's economy to grow at 8-8.3% this fiscal year, reaching a GDP of USD 34.7 trillion by 2047. Emphasis on key enablers like semiconductor industry, startup ecosystem, and export volume enhancement.
DDG-80
Trusted Member
DDG-80
Trusted Member
Ramkrishna Forgings to supply power train components to US' largest EV producer
Ramkrishna Forgings ventures into the US electric vehicle market, supplying powertrain components to the largest EV producer. This marks their foray into EVs, leveraging their forging expertise. Shares rose post-announcement. The move aligns with their commitment to innovation and sustainable...
