India Economy Thread

Among all the social topics in India, which few are the ones that Indians feel worth fixing the most?
Religionary discrimination? Marriage? Social modernization? Living cost? Corruption? Cast?
1.Strong Basic Primary education.
We have good centers for higher studies but the basic primary education is often neglected.
2. Affordable basic healthcare at village level. Again a neglected segment.
3. End of red tapes. WE are over governed. Too much interference from bureaucracy. This need to be controlled. This will also minimize corruption.
 
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An electric vehicle (EV) tractor used in agriculture is...​

AHMEDABAD, GUJARAT, INDIA - 2024/01/13: An electric vehicle (EV) tractor used in agriculture is displayed at Vibrant Gujarat Global Trade Show in Ahmedabad. Vibrant Gujarat Global Trade Show is a platform to bring Indian and International investors to invest in the state thereby creating business and employment opportunities for thousands of people and strengthening the economy. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)
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www.gettyimages.in

An electric vehicle tractor used in agriculture is displayed at...

An electric vehicle tractor used in agriculture is displayed at Vibrant Gujarat Global Trade Show in Ahmedabad. Vibrant Gujarat Global Trade Show is a platform to bring Indian and International...
www.gettyimages.in
 

India's first fuel cell hydrogen bus by Tata is kept on...​

AHMEDABAD, GUJARAT, INDIA - 2024/01/13: India's first fuel cell hydrogen bus by Tata is kept on display at Vibrant Gujarat Global Trade Show in Ahmedabad. Vibrant Gujarat Global Trade Show is a platform to bring Indian and International investors to invest in the state thereby creating business and employment opportunities for thousands of people and strengthening the economy. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)

indias-first-fuel-cell-hydrogen-bus-by-tata-is-kept-on[1].jpg


India's first fuel cell hydrogen bus by Tata is kept on display at...

India's first fuel cell hydrogen bus by Tata is kept on display at Vibrant Gujarat Global Trade Show in Ahmedabad. Vibrant Gujarat Global Trade Show is a platform to bring Indian and International...
www.gettyimages.com.au
 

Tata Motors delivers first-of-its-kind Hydrogen Fuel Cell powered buses to Indian Oil​

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Tata Motors, India’s largest commercial vehicle manufacturer, today made a giant leap forward in its commitment to move India forward with smarter and greener mobility solutions by delivering first-of-its-kind Hydrogen Fuel Cell powered (FCEV) buses to Indian Oil Corporation Ltd. (IOCL), the country’s largest petroleum company. Heralding a new era of fully decarbonised transport, two buses were flagged-off by Shri Hardeep Singh Puri, Hon’ble Union Minister for Petroleum & Natural Gas and Housing & Urban Affairs, Shri Rameswar Teli, Union Minister of State for Petroleum & Natural Gas and Labour & Employment, Shri Pankaj Jain, Secretary, Ministry of Petroleum & Natural Gas, Shri S M Vaidya, Chairman, IOCL, Dr. Umish Srivastva, Executive Director, IOCL, and Mr. Rajendra Petkar, President & Chief Technology Officer, Tata Motors, along with delegates from Government of India, Government of New Delhi and Tata Motors.

 

Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say​


  • Tata strengthens iPhone making operations with Pegatron deal
  • Tata seals 60-40 JV with Pegatron for iPhone plant, sources say
  • Apple sees India as a key market, diversifying beyond China
NEW DELHI, Nov 17 (Reuters) - India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.
Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public.
 

Taiwan’s Pegatron sells majority stake in India iPhone plant to Tata, sources say​

As Apple diversifies its supply chain beyond China, India is set to produce up to 25 per cent of the iPhones shipped this year

Reuters
Published: 10:17am, 18 Nov 2024

India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters.
Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public.


The sources did not elaborate on the financials of the deal.

Tata declined to comment, while Apple and Pegatron did not respond to Reuters queries on Sunday.

A Tata Electronics plant that makes Apple iPhone components in Hosur, Tamil Nadu, India. Photo: Reuters

A Tata Electronics plant that makes Apple iPhone components in Hosur, Tamil Nadu, India. Photo: Reuters

Reuters was first to report in April that Pegatron had the backing of Apple and was holding advanced talks to sell its only iPhone plant in India to Tata, marking the Taiwanese firm’s latest scale back of its Apple partnership.


Apple is increasingly looking to diversify its supply chain beyond mainland China amid geopolitical tensions between Beijing and Washington. For India’s Tata, the Chennai Pegatron plant will bolster its iPhone manufacturing plans.
Tata is one of the largest conglomerates in India and has been fast expanding into iPhone manufacturing, rivalling the only other iPhone contract manufacturer operating in India, Foxconn.

The announcement for the deal’s closure was made internally at the iPhone plant on Friday, said the first source.

The second source said the two companies plan to file for an approval of the Competition Commission of India in the coming days.

Tata already operates an iPhone assembly plant in the southern state of Karnataka, which it took over from Taiwan’s Wistron last year. It is also building another in Hosur in Tamil Nadu, where it also has an iPhone component plant which was involved in a fire incident in September.

Analysts estimate India will contribute 20-25 per cent of total iPhone shipments this year, from 12-14 per cent last year.


The Tata-Pegatron plant, which has around 10,000 employees and makes 5 million iPhones annually, will be Tata’s third iPhone factory in India.​

 
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TATA Motors Unveils Kestrel 8x8 Armored Personnel Carrier: A New Era for the Indian Military​

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