India Economy Thread

[CallSignMaverick]

Japan's Suzuki to invest $4.2 billion for second car plant in India's Gujarat

Maruti Suzuki to invest $4.2bn for new India plant

Company aims to increase capacity as competition heats up

asia.nikkei.com

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ONGC Videsh sets up global treasury centre at GIFT City

The new subsidiary will act as ONGC Group’s gateway to the world for its overseas ventures and investments

www.livemint.com

PFC gains on RBI nod to set up firm in GIFT City

The Reserve Bank of India on January 9 issued a no objection letter to PFC for setting up a finance company at International Financial Services Centre in the GIFT City

www.moneycontrol.com

Yotta to set up AI data centre in GIFT City Gujarat by March-end: Trivedi | DeshGujarat

Gandhinagar: Shankar Trivedi, Senior Vice President of NVIDIA today while speaking at the Vibrant Gujarat Summit here said that the partner company Yotta will set

deshgujarat.com

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Royal Enfield to invest Rs 3,000 cr in Tamil Nadu for development of new products

Key provisions of the MoU include the infrastructural support and regulatory facilitation. The government would also prioritise providing uninterrupted power supply and other essential infrastructure support. "We extend our heartfelt gratitude to the Government of Tamil Nadu for their unwavering...

economictimes.indiatimes.com

TAFE Ltd to invest Rs 500 cr, inks pact with Tamil Nadu govt

TAFE Chairman and Managing Director Mallika Srinivasan said, "Tamil Nadu is one of the most industrialised states, with an evolved industrialised culture, investor-friendly government, rich and diverse talent pool and inherent strengths that are conducive for innovation." TAFE is keen to...

economictimes.indiatimes.com

SPIC Group to invest Rs 1,900 crore in Tamil Nadu

Southern Petrochemical Industries Corporation Ltd (SPIC) is set to invest Rs 1,900 crore over the next two years in Tamil Nadu, as per an MoU signed with the state government during the Global Investors Meet in Chennai.

economictimes.indiatimes.com

Indian CAM manufacturer Altmin announces an investment outlay $100 mn

Altmin Private Limited, an early pioneer manufacturing of cathode active material (CAM) for lithium-ion batteries in India, has announced an overall investment outlay of US $100 million over the next five years. With an assured growth capital, the company is targeting its first 3 GWh CAM plant...

etn.news

Bharat Forge to invest INR 1,000 cr in Tamil Nadu to enhance production activities

The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.

auto.economictimes.indiatimes.com

Upekkha: SaaS accelerator Upekkha announces first close of $40 million VC fund - The Economic Times

The fund was created with a leading investment from WestBridge Capital, among other limited partners including Godard Abel, founder and CEO of G2, a business-to-business marketplace that ranks SaaS companies.

economictimes.indiatimes.com

Velocity launches Rs 300 crore growth capital fund for Indian B2B SaaS companies

The 2020-founded company allows financing without equity dilution.

www.republicworld.com

Honda Motorcycle commissions 6.5 lakh additional production capacity at Gujarat plant - Times of India

India Business News: Honda Motorcycle & Scooter India (HMSI) has commissioned a third assembly line at its Vithalapur manufacturing plant in Gujarat. The new line will inc

timesofindia.indiatimes.com

KEI Industries is investing ₹1000 crores for a new greenfield cable factory in Sanand. The group's revenue is expected to cross $1 billion this year. Revenue has quadrupled in the last 7-8 years.

KEI Industries expects 16-18% FY24 growth with 10.5-11% margins - CNBC TV18

The company witnessed a slight moderation in the housing wire business, although the cable segment remains stable and is experiencing growth driven by infrastructure demand and exports.

www.cnbctv18.com

Tata Electronics to scale up precision manufacturing with $10 billion boost​

Tata Electronics to scale up precision manufacturing with $10 billion boost

The company will invest ₹7,000 crore for the expansion of its Hosur plant to ramp up the assembling of Apple iPhones.

www.fortuneindia.com

 

[Rego]

Sometimes it feels like Indians are just mocking poor Pakistanis with so many economy news.

It's like eating chocolate right in front of a toddler without offering him any.

 

[uhuru]

Lolzz forget about so called IT or I Phones most of Pakistanies and overseas pakistanies have no idea about the scale and size of Indian Auto industries specially the two wheeeler industry thats ruled by likes of HERO , TVS and Bajaj while HONDA suzuki are japnese just to name a few then there is four wheeler industry that just another level

my family is into spare parts buissness and we send spares to africa through egypt for TVS & Bajaj and Hero

Here we dont have these. Mostly tata trucks and nowadays Great Wall motors are all over now for long haul trucks in east africa.

 

[Beijingwalker]

shenzi... kid... 5cents... for buying a lollipop... for your jumping with joy. if that does not enough, come back, will give you 10c for xidick lollypop.

wumao shenzis.... lol. calling others names when cannot recognise themselves for the parasites they are.

24x7 on this forum spamming everywhere.. that is a troll and spammer... wumao.

I told you before, offer is open . come here i will pay for your mental treatment at chinese run clinic. they have EST therapies which will cure your addiction to xidick.

Lol, I m so happy to destroy you trolls and made you trolls not being able to do anything else but trolling. You keep trolling to keep this wonderful thread going for everyone to see. You guys are just no match for true facts and data and I made you all lose your marbles completely, lol...

 

[JaneBhiDoYaaron]

Sometimes it feels like Indians are just mocking poor Pakistanis with so many economy news.

It's like eating chocolate right in front of a toddler without offering him any.

It is Pakistan who stopped trading with india and not way.

 

[DDG-80]

India's GDP to surpass USD 4 trillion in 2024-25: PHDCCI Report​

India's economy is likely to surpass USD 4 trillion in 2024-25 and further escalate to USD 5 trillion by 2026-27, according to a PHDCCI report released on Wednesday.

"The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions," the report stated.

Observing that despite global challenges, India's economy remains resilient, the report said the country is poised to attain the status of a developed economy by 2047 under the initiative of 'Viksit Bharat'.

"... India is making significant strides for its futuristic growth trajectory. (Indian economy is) anticipated to surpass USD 4 trillion in the financial year 2024-25 and further escalate to USD 5 trillion by the financial year 2026-27," the report said.

Elaborating upon the various steps to accelerate economic growth further, Deputy Secretary General at PHDCCI SP Sharma said the government should focus more on the informal sector because sometimes the reforms are not percolated at the ground level.

He further said the banking system needs to become more robust to help small businesses so that they are able to expand their capacities according to the demand trajectory.

The analysis is based on lead macroeconomic indicators, including GDP Growth, Export Growth, Gross National Savings, Total Investments and Debt of GDP Ratio

India's GDP to surpass USD 4 trillion in 2024-25: PHDCCI Report

Observing that despite global challenges, India's economy remains resilient, the report said the country is poised to attain the status of a developed economy by 2047 under the initiative of 'Viksit Bharat'.

www.zeebiz.com

 

[DDG-80]

India-UAE start Rupee-Dirham direct trade: Piyush Goyal

New Delhi: India and the UAE have begun Rupee-Dirham direct trade in local currencies, and the two sides plan to expand bilateral trade to $100 billion under their free trade pact, commerce and industry minister Piyush Goyal said Wednesday.

India-UAE start Rupee-Dirham direct trade: Piyush Goyal

Commerce and industry minister Piyush Goyal said that there is significant traction in the idea to connect India and Europe through the Middle East through the India-Middle East- Europe corridor and that both countries are expanding partnership new areas such as the startup bridge and the Bharat...

economictimes.indiatimes.com

 

[DDG-80]

AHMEDABAD : Japan-based Suzuki Motor Corp. announced investments worth about ₹35,000 crore in Gujarat on the opening day of the 10th edition of Vibrant Gujarat, which was inaugurated by Prime Minister Narendra Modi on Wednesday.

Maruti Suzuki India Ltd will invest about ₹32,000 crore to establish an automobile plant in Gujarat that will eventually produce about 1 million vehicles every year, the company said in a statement.

The plant is expected to begin operations in FY2028-29.

Maruti Suzuki will invest another ₹3,200 crore to set up a fourth production line at its wholly owned subsidiary Suzuki Motor Gujarat Pvt. Ltd for increasing production of electric vehicles.

“The investment of ₹3,200 crore will add a new production line which can produce 2.5 lakh (250,000) units per year. It will increase the current annual production of Suzuki Motor Gujarat from the current 7.5 lakh (750,000) to 1 million units," said Toshihiro Suzuki, president, Suzuki Motor.

Suzuki Motor also plans to export new models of Jawa bikes that are made in India to Japan and European countries, he said.

Maruti Suzuki said it plans to have a production capacity of about 4 million vehicles by FY2030-31.

“India has been steadily growing as a manufacturing hub under the leadership of Prime Minister Narendra Modi and as a result India has now become the world’s largest automobile hub," Toshihiro Suzuki said.

To mitigate the impact of carbon emissions, the Japanese firm announced it is establishing biogas plants in Gujarat, and will produce compressed natural gas, bio-ethanol and green hydrogen.

“Taking advantage of India’s animal wealth, we will start production of biogas from cow dung together with the National Diary Development Board (NDDB). Suzuki, Japan has already started construction of four biogas plants in the state," he said.

Maruti Suzuki to invest $4.2bn for new India plant

Company aims to increase capacity as competition heats up

asia.nikkei.com

 

[vsdoc]

Gujarat once more.

The best PM Gujarat ever had.

Cheers, Doc

 

[CallSignMaverick]

View attachment 9940
AHMEDABAD : Japan-based Suzuki Motor Corp. announced investments worth about ₹35,000 crore in Gujarat on the opening day of the 10th edition of Vibrant Gujarat, which was inaugurated by Prime Minister Narendra Modi on Wednesday.

Maruti Suzuki India Ltd will invest about ₹32,000 crore to establish an automobile plant in Gujarat that will eventually produce about 1 million vehicles every year, the company said in a statement.

The plant is expected to begin operations in FY2028-29.

Maruti Suzuki will invest another ₹3,200 crore to set up a fourth production line at its wholly owned subsidiary Suzuki Motor Gujarat Pvt. Ltd for increasing production of electric vehicles.

“The investment of ₹3,200 crore will add a new production line which can produce 2.5 lakh (250,000) units per year. It will increase the current annual production of Suzuki Motor Gujarat from the current 7.5 lakh (750,000) to 1 million units," said Toshihiro Suzuki, president, Suzuki Motor.

Suzuki Motor also plans to export new models of Jawa bikes that are made in India to Japan and European countries, he said.

Maruti Suzuki said it plans to have a production capacity of about 4 million vehicles by FY2030-31.

“India has been steadily growing as a manufacturing hub under the leadership of Prime Minister Narendra Modi and as a result India has now become the world’s largest automobile hub," Toshihiro Suzuki said.

To mitigate the impact of carbon emissions, the Japanese firm announced it is establishing biogas plants in Gujarat, and will produce compressed natural gas, bio-ethanol and green hydrogen.

“Taking advantage of India’s animal wealth, we will start production of biogas from cow dung together with the National Diary Development Board (NDDB). Suzuki, Japan has already started construction of four biogas plants in the state," he said.

Maruti Suzuki to invest $4.2bn for new India plant

Company aims to increase capacity as competition heats up

asia.nikkei.com

Is it the same which was announced earlier?

Maruti Suzuki to invest $5.5 bn to double production capacity by 2030 - BusinessToday

Maruti Suzuki will commission 8 assembly lines with an annual production capacity of 2, 50,000 units each across 2 new facilities

www.businesstoday.in

 

[DDG-80]

Is it the same which was announced earlier?

Maruti Suzuki to invest $5.5 bn to double production capacity by 2030 - BusinessToday

Maruti Suzuki will commission 8 assembly lines with an annual production capacity of 2, 50,000 units each across 2 new facilities

www.businesstoday.in

Yup, investment intended for both haryana and gujarat

 

[CallSignMaverick]

Yup, investment intended for both haryana and gujarat

No, they announced 2 plants for both states, I guess its the same just announced in VG summit.

 

[Cryptonian]

Gujarat once more.

The best PM Gujarat ever had.

Cheers, Doc

Maybe because unlike the divisive congi alliance ruled states Gujaratis don't riot about signboards not being of their language .

 

[vsdoc]

Maybe because unlike the divisive congi alliance ruled states Gujaratis don't riot about signboards not being of their language .

So you agree.

Good.

Am sure other states do too. As one big dollar project after another all goes to just one Indian state.

Cheers, Doc

 

[CallSignMaverick]

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Zydus Group to invest ₹5,000 crore in Gujarat for biotech manufacturing, consumer products - CNBC TV18

Ahmedabad-based pharma healthcare provider, Zydus Group is set to make a substantial investment of ₹5,000 crores in Gujarat.

www.cnbctv18.com

Rajkot firm inks Rs 100-crore MoU with Gujarat govt; firm to manufacture CNC machines for production of defence equipment

CNC or computer numeric control machines have wide applications in various manufacturing sectors. The machines are used for precision in machining tasks.

indianexpress.com

Phoenix Kothari Footwear to invest 5k cr for TN expansion | Chennai News - Times of India

Phoenix Kothari Footwear, a joint venture between Kothari Industrial Corporation Ltd. (KICL) and Taiwan based Evervan Group, is investing Rs 5,000 crore to expand its non-leather footwear industrial park at Perambalur over the next five years. The expansion will provide employment opportunities...

timesofindia.indiatimes.com

Apraava Energy bags 250 MW solar power project in Rajasthan from NHPC

The project, secured through the e-reverse auction mechanism at a walk-out tariff of INR 2.53 per kWh, is set to be completed within 24 months, marking Apraava’s first greenfield solar power project through auction.

energy.economictimes.indiatimes.com

Ahmedabad News – Latest & Breaking Ahmedabad News | Ahmedabad Mirror

Latest news from Ahmedabad

www.ahmedabadmirror.com

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Amul to invest ₹15,000 crore in 2 years for plant expansion.

અમૂલ બે વર્ષમાં પ્લાન્ટ વિસ્તરણ માટે આશરે 15,000 કરોડનું રોકાણ કરશે

કો-ઓપરેટિવ મેજરે દુબઈમાં વેરહાઉસ શરૂ કર્યુંનોન ડેરી પ્રોડક્ટ્સનો શેર 10% વધારવાનો અમૂલનો ટાર્ગેટ આમાં મોટાભાગે આઈસ્ક્રીમ પ્લાન્ટની ક્ષમતા વધારવા ઉપર ફેક

www-sandesh-com.translate.goog

EssilorLuxottica eyes manufacturing expansion in India

EssilorLuxottica exploring possibility of expanding manufacturing presence in India for production of lenses, frames & sunglasses.

www.thehindubusinessline.com

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India's Yotta to order $1 billion in AI chips from Nvidia - CEO

India's Yotta to order $1 billion in AI chips from Nvidia - CEO

in.investing.com

First Solar launches 3.3 GW manufacturing facility in India​

Read more at:

First Solar launches 3.3 GW manufacturing facility in India

The facility, situated on six acres with an annual capacity of 3.3 gigawatts (GW), directly employs around 1,000 people. It produces First Solar’s Series 7 photovoltaic (PV) solar modules, developed in the US and optimized for the Indian market.

energy.economictimes.indiatimes.com

NTT expands presence in India with Noida Data Center Campus

The first data center within the campus, delivering today, will support a 22.4 MW IT load across an area of approximately 300,000 sq. ft. (28,000m2).

energy.economictimes.indiatimes.com