India to call on millions of non-residents to defend rupee - sources

[Mav3rick]

India's defence budget is less than 3% of the GDP...Even if doubles to 6% it is NOT a cause of concern where USSR spent more than 20% on defence with the growth remaining the same.

The question is can Pakistan or Bangaladesh or Srilanka can buy arms for 70 Billion USD? Can they buy 1/10th 7 Billion USD?

Whether China can sell that much on credit when their own defence budget is around 100 USD? They are not fools.... Pakistan with Nukes is an opponent! But Bangladesh and Sri Lanka.... Hope CPC is NOT a fool like you!

Although it is pointless to post a response to your nonsense, I am doing it still just to give you something to think about. Having a higher defense budget does not mean exponential increase in weapon stockpiles. As you already have a military 3 times (I think) the size of Pakistani military, the cost of maintenance of troops is already 3 times higher then Pakistans. Next, while Pakistan would have no second thoughts before posting 95% of the military at your border......you cannot do the same as you still need to ensure significant presence at other borders/LoC especially the Chinese side.

And finally, how much of an impact does the Yuan/$ difference make or how significant is the US$ 180 Billion figure (roughly, as official figures are disputed) when China not only manufacture almost every defense item herself (except Jet Engines etc.) but also sustains raw materials internally. So the relative expenditure against any other country, especially India, would be much higher as India has to import almost everything related to Military.

 

[idune]

India also has loan repayment obligation for $174 billion. Unles indian rupee falls further, it will be loosing proposition for NRI to send their hard earned money to India. And rupee fell further it will put strain on bond and credit rating. Talking about catch 22.

 

[idune]

What about US, is india calling for US help? Lately US has promised to be strategic partner and this is time for US to show its partnership for real.

 

[shuttler]

Over time, People evolve... Yes Tiananmen Sq was decades ago! China had evolved and now we don't get that types of news these days... but we see news how the Tibeteans were crushed!

I am sorry to say that we will NOT fulfill your wish!

You may be smoking something. Tibetans being crushed? They even stop hurting themselves altogether nowadays while all the atrocities happening in india are happening in india!

You rupee has been reaching new lows breaching 60 to the dollar and it will dive further in coming months

 

[cirr]

Basket case

Rupee drops to all-time record low of 61.51 vs dollar

Last updated on: August 06, 2013

The Indian rupee dropped to an all-time record low of 61.51 per dollar in the late morning session on fresh dollar demand from banks and importers amid weakness of dollar in the overseas market and fall in the equity market.

The rupee resumed lower at 61.05 per dollar as against the last closing level of 60.88 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to an all-time record low of 61.51 per dollar before quoting at 61.43 at 1030 hours.

The intra-day lowest of 61.21 was recorded on July 8, 2013.

Fresh dollar demand from banks and importers in view of fall in the equity market mainly affected the rupee value against the dollar, a forex dealer said.

The Indian benchmark Sensex dropped by 194.44 points or 1.01 per cent at 18,987.82 at 1030 hours.

In New York, the dollar fell broadly on Monday as a better-than-expected reading on activity in the US service sector failed to overcome last week’s below-consensus report on job growth in the US and its implications for a slowing of Federal Reserve stimulus.

 

[TopCat]

A more capable manufacturing Industry is what we need,to reduce the deficit and thats what we are doing now,building Infrastructure and Industrial corridors,You will start to see results in not more than 3 years from now

India to spend USD 1 trillion on infrastructure in next 5 yrs



Comparing Telegana and Arab Spring,Do you know anything about democracy,federalism??No I am not gonna educate you on that,You doesnt even have the basic idea of it.

Muhahahahah ------------ Indians just cant stop entertaining me..

Some tom dick and harry from private sector will come and build all those cities and staff just watching some 3D animation.. You guys are so full of foolishness ...

 

[gslv mk3]

Muhahahahah ------------ Indians just cant stop entertaining me..

Pathetic Jamati Brainfart as Usual..

Do you know that India has experience in undertaking megaprojects,like Delhi metro?
Do you know that India have built world largest planned city,Navi Mumbai?
Do you know that India has experience in undertaking difficult rail projects like Kasmir rail link?
Do you know that India have reputed companies like L&T which got contracts for construction of D=International projects like Dubai Metro?

Some tom dick and harry from private sector will come and build all those cities and staff just watching some 3D animation.. You guys are so full of foolishness ...

here is it

DMICDC

Land acquisition is complete,Construction of Road,rail corridor and Power plants are being undertaken for now.Yes construction is on in some states like Gujarat and Haryana

And yes,private companies are building cities in India.

Wave City Center,Noida
status:under construction

Sushant golf city Lucknow

status: under construction

Now let me show you a SEZ in India,A part of Delhi-Mumbai Industrial Corridor.

Dahej SEZ & PCPIR

Oil & Gas (Red)

1. LNG Petronet 10 MMTPA LNG Terminal
2. ONGC C2+ Extraction unit

Engineering (Sky Blue)

1. ABG Shipyard Shipbuilding
2. ISGEC Heavy Engineering
3. Roxul-Rockwool Insulation Products
4. Sarju Impex CNG Cylinders
5. Welspun Pipes
Petrochemicals/Chemicals (Yellow)

1. GCTCPL (various chemicals)
2. Rallis India (Tata Group) Fertilisers, Pesticides link
3. Reliance Industries (Various Plastics, Polymers, Fibres)
4. BASF
5. Gujarat Fluorochemicals
6. Gujarat Alkalies
7. DIC Fine Chemicals
8. Pidilite Industries (Adhesives) 450 Cr
9. Indofil Organics link
10. Meghmani Finechem (Chlor Alkalies)
12. Meghmani Organics (Pesticides/Herbicides)
13. Panama Petrochem link

Copper (orange)

1. Hindalco (Birla Copper)
500000 Tpa (Largest Copper smelter in World) + Township

Pharmaceutical (Green)

1. Meghmani Unichem (Paracetamol)

Energy

Meghmani 40MW Captive Power


Major Projects U/C

OPAL (ONGC) Petrochemical Complex, Rs 12500 Cr
Adani Power 2640MW Coal-Based Power Plant Rs 8810 Cr
GSFC Fertiliser/Petrochemicals Plant 8000 Cr l
Torrent Power 1200MW Gas-Based Power Plant Rs 6000 Cr
LNG Petronet expansion to 15mtpa, Rs 3000 Cr

 

[TopCat]

keep dreaming @gslv mk3

and watch more animation movies.

 

[tranquilium]

All indians better start buying gold

Gold doesn't do you any good in a financial crisis, since the necessary goods are bought in local currency and @Sashan is absolutely right, buying gold is a drain on foreign reserve.

Restructuring actually, either go the USA way with separate states or go the China way with extreme unity.

Go the China way won't work for India, at least not immediately. It took us hundreds of years and a couple of dynasties to achieve that unity. Fortunately, our ancestors started the work more than two millennium ago.

Actually it will be the other way around. If BD and SL start involved in an arms race with India, their economy will take a beating big time. As far as Pakistan is concerned, they are already begging IMF for money. From where will they pay for the arms. Is China willing to gift expensive equipment to Pak for free?

Even if they do, Pakistan can only hope to win a war against India, If china opens a new front in the NE. Is china willing to go to war in these times of economic slowdown?

Since none of these is possible and India already has a ambitious defence expansion program going on. YOUR THEORY IS DISMISSED OUTRIGHT.

Well, a few decades ago, when Pakistan REALLY needed the equipments, we actually ended up sending our best gear at the time to Pakistan for free.

 

[gslv mk3]

keep dreaming @gslv mk3

and watch more animation movies.

Kid this is India not Bangladesh,We are not taking about readymade garments here omghaha What happened to your much hyped airport project?

''

Delhi-Mumbai Industrial Corridor is a mega infra-structure project of USD 90 billion with the financial & technical aids from Japan, covering an overall length of 1483 KMs between the political capital and the business capital of India, i.e. Delhi and Mumbai.

Short listed Investment Regions (IRs):


• Dadri – Noida - Ghaziabad Investment Region in Uttar Pradesh as General Manufacturing Investment Region;

• Manesar – Bawal Investment Region in Haryana as Auto Component/ Automobile Investment Region;

• Khushkhera – Bhiwadi – Neemrana Investment Region in Rajasthan as General Manufacturing/ Automobile/ Auto Component Investment Region;

• Pitampura – Dhar – Mhow Investment Region in Madhya Pradesh

• Bharuch – Dahej Investment Region in Gujarat as Petroleum, Chemical and Petro Chemical Investment Region (PCPIR);

• Igatpuri – Nashik-Sinnar Investment Region in Maharashtra as General Manufacturing Investment Region;

Short listed Industrial Areas (IAs):

• Meerut – Muzaffarnagar Industrial Area in Uttar Pradesh, Engineering/ Manufacturing;

• Faridabad – Palwal Industrial Area in Haryana, Engineering & Manufacturing;

• Jaipur – Dausa Industrial Area in Rajasthan, Marble/Leather/Textile;

• Neemuch – Nayagaon Industrial Area in Madhya Prdaesh

• Industrial Area with Greenfield Port at Alewadi/ Dighi in Maharashtra, Greenfield Port Based

Most of these Investment regions are already developed,like Manesar,Dahej(picture posted above) and the like

3.24 bn for DMIC project approved by govt

The government has approved Rs. 17,500 crore ($3.24 billion) for the Delhi-Mumbai Industrial Corridor (DMIC) project, which is estimated to cost around $100 billion overall, minister of state for commerce and industry D Purandeswari said Wednesday.


The minister said the government has approved the financial assistance at an average of Rs.2,500 crore per city, subject to a ceiling of Rs.3,000 crore per city, for the development of the seven DMIC industrial cities in the first phase.

In addition, the Japanese government has also announced financial support of $4.5 billion for the DMIC project in the first phase, Purandeswari said in written reply to a question in the Rajya Sabha Wednesday.

According to the government estimates, the industrial cities developed along the corridor are expected to attract an investment of $90-100 billion over the next 30 years.

In the first phase of the project, seven industrial cities are planned. These are Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh; Manesar-Bawal Investment Region, Haryana; Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan; Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh; Ahmedabad-Dholera Investment Region, Gujarat; Shendra-Bidkin Industrial Park city near Aurangabad, Maharashtra; and Dighi Port Industrial Area, Maharashtra.

"The cities would be launched with the development of townships of 25-50 sq km which are envisaged to be completed by the end of 2019," the minister said.

Arrangement of land for the project is the responsibilities of the state governments.

According to the minister, the process of land acquisition/ land procurement is in progress in Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra, and master planning has started in Uttar Pradesh.

Three airports are also planned to be developed under the DMIC project. The airports are: International Airport in Ahmedabad-Dholera Investment Region in Gujarat; Airport near Jodhpur in Rajasthan; and Aerotropolis in Alwar District, Rajasthan.

Here is the dedicated freight rail corridor,built as part of the Industrial corridor

Here is the project status as of June 2013-link only a Jamati can state that a project that is already under construction is just an animation..

Work on the first two smart industrial cities along the Delhi-Mumbai Industrial Corridor (DMIC) — Dholera in Gujarat and ShendraBidkin in Maharashtra — will start soon. Finance minister P Chidambaram said plans for seven new cities have been finalized while work on two more industrial corridors — Bangalore-Chennai and Bangalore-Mumbai — have started.

Acknowledging the support of the Japanese government in the DMIC project, the finance minister said, "To dispel any doubt about funding, the government would provide, if required, additional funds during 2013-14 from its share in the overall outlay for the project." Chidambaram said the DMIC project has made rapid progress. The 1,500-km DMIC will run across UP, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. The government had earlier approved Rs 18,500 crore for development of infrastructure on this project.

Chidambaram said the Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA) are preparing a comprehensive plan for the Chennai-Bangalore Industrial Corridor on the lines of DMIC. The corridor will be developed in collaboration with the governments of Tamil Nadu, Andhra Pradesh and Karnataka.

During the visit of the Japanese premier to India in December 2011, the PMs had agreed to strengthen efforts to improve infrastructure such as ports, industrial parks and surrounding facilities in Ennore, Chennai, and adjoining areas.

The next such project planned by the government is the Bangalore-Mumbai Industrial Corridor on which preparatory work has started.

Industrial areas, including Vasanth Narasapura (Tumkur), Bharamasagara (Chitradurga), Shimoga, Savanur (Hubli), Haveri, Kushtagi-Gadag, Yelburga (Gadag), Belur (Dharwad), Hukeri (Belgaum) and Navanagara (Bagalkot), will be covered as part of this project.

Now Shut up Jamati...

 

[sree45]

Gold doesn't do you any good in a financial crisis, since the necessary goods are bought in local currency and @Sashan is absolutely right, buying gold is a drain on foreign reserve.



Go the China way won't work for India, at least not immediately. It took us hundreds of years and a couple of dynasties to achieve that unity. Fortunately, our ancestors started the work more than two millennium ago.



Well, a few decades ago, when Pakistan REALLY needed the equipments, we actually ended up sending our best gear at the time to Pakistan for free.

Sending equipment is different from opening a new front. IA is conventionally way superior to PA and they cannot even defend their territory conventionally if we start an offensive op forget about attacking. China can send all the equipment but you cannot tilt the balance. The only way we can be defeated is a war on multiple fronts. But if that happens, neither Russia nor the US would like it and you will be seen as an aggressor paving way for more US presence in SCS.

 

[gslv mk3]

@iajdani

If you doesnt know Private companies are building cities in India

GIFT city Gujarat

Wave city center,Delhi NCR,a new CBD

 

[TopCat]

Ok I got it...

The project status after so much hype...

With so much so called economic boom, project made that far. Now with rupee going to gutter and private sector not investing in their own traditional business, how will they come and invest on some venture which will break even in 20 years.....

Give you a lame advice...

Ask your govt to cut down funding (if any) in this looting project and try to narrow the budget deficit and current account deficit. Billion of poor who does not even have a latrine to $hit has nothing in this project.

So long dreamer... @gslv mk3

 

[Rocky25]

You may be smoking something. Tibetans being crushed? They even stop hurting themselves altogether nowadays while all the atrocities happening in india are happening in india!

You rupee has been reaching new lows breaching 60 to the dollar and it will dive further in coming months

Ha ha ha... Atrocities in India will reach the news and in the coming months Congress will be taught a lesson by the people of India... And let rupee reach its new lows... but 2014 will be a dynamic year for India!

 

[Rocky25]

Although it is pointless to post a response to your nonsense, I am doing it still just to give you something to think about. Having a higher defense budget does not mean exponential increase in weapon stockpiles. As you already have a military 3 times (I think) the size of Pakistani military, the cost of maintenance of troops is already 3 times higher then Pakistans. Next, while Pakistan would have no second thoughts before posting 95% of the military at your border......you cannot do the same as you still need to ensure significant presence at other borders/LoC especially the Chinese side.

I very well know that not 100% of the Indian defect budget goes into buying the new equipment's, It is you who is posting the nonsense... I am comparing Indian defence budget as a whole Vs Sum of Defense Budget as a whole of the rest of the three countries. At present circumstance does it come anywhere near the halfway mark?

I agree that cost of Maintenance is 3 times higher... But you big brain failed understand a simple logic that India have atleast 3 times more money to buy more equipment's and training.

It is NEITHER that Pakistan allocates 80% of its Defense budget on buying new equipment's and just 20 is for maintenance NOR that India allocates just 20% of its Defense budget on buying new equipment's and 80% on maintenance. The percentage for both countries remains almost same.

If you still cannot understand simple, India is the largest importer of the defence equipments in the world, It definitely gives an edge to China for sure, but it does NOT give any advantage to Pakistan, As Pakistan's Defence Industries are not in lime light either!

If you still don't understand India's Import in 2010 is 3337 and 787(same unit) roughly 4.24 times.

Reg that you can post 95% of the force on Indian border, then India can atleast do it 50% dedicated for Pakistan... That is more than enough! And don't dream that China will come to your aid... no sane country would do that!

And finally, how much of an impact does the Yuan/$ difference make or how significant is the US$ 180 Billion figure (roughly, as official figures are disputed) when China not only manufacture almost every defense item herself (except Jet Engines etc.) but also sustains raw materials internally. So the relative expenditure against any other country, especially India, would be much higher as India has to import almost everything related to Military.

I agree that China has a strong manufacturing sector... China is miles ahead of India in defence, No denying that fact, But still it will not wage a full fledged war against India... All India - China wars will be only border skirmishes... Neither India, Nor China are nuke trigger happy.... like Pakistan... If you think CPC is like the Chinese PDF warriors then you are deeply mistaken!

India also is willing to create a defence manufacturing sector, At least Indian MMRCA, FGFA and other deals point in that direction. How it will materialize should be seen in the years to come!