What's new

Indian Economy-News & Updates

How is the plan?

  • Good

    Votes: 161 61.7%
  • Average

    Votes: 53 20.3%
  • Poor

    Votes: 47 18.0%

  • Total voters
    261
Where is he getting his numbers from! Idiot
A biochemist with an attitude, oozing Islamophobia at every pore, with a belligerent attitude towards history that he has not written during the previous half-hour, and you expect sensible comments on economics from him?

Good luck.

Apparently he has taken the figures from worldpopulation review website..


Which Country Has the Largest Lithium Reserves in the World?​

The country with the largest lithium reserves in the world is actually the South American nation of Chile. Chile has 9.2 million tons of lithium in total. As a result, it is first in the list of lithium reserves by country by some distance. However, there are some other countries that have significant reserves of lithium, as well. Australia has the second-largest lithium reserves in the world with 5.7 million tons. As you can see, there is a significant difference between the size of Chile's lithium reserves and the size of Australia's lithium reserves.

Argentina and China Also Have Significant Lithium Reserves​

Argentina is third in terms of the size of its lithium reserves with a total of 2.2 million tons. After Argentina, China ranks fourth in terms of the size of its lithium reserves with a total of 1.5 million tons. It is interesting to note that two of the top three countries with the largest lithium reserves are located in South America. One other country that has a decent amount of lithium reserves is the European nation of Portugal. In total, Portugal has 60,000 tons of lithium reserves.

How Much Lithium Does The USA Have?​

freestar
The United States of America has plenty of natural resources. However, when it comes to lithium specifically, the US is not one of the top producers of lithium in the world. According to data from the United States Geological Survey, the United States has a total of 750,000 tons of lithium reserves.

freestar
This puts it far behind the top producers of lithium in the world. Despite this fact, the United States still has greater lithium reserves than a number of other countries. This includes the countries of Zimbabwe, Brazil, and Portugal, just to name a few.

Here's another website with similar (not exactly) estimates..


However, fairly recently there has been claims of huge discoveries, specifically by Bolivia (21 Million Tons) followed by India (5.9 + Another one I don't remember) and Iran (8.5 M.T.) has been made. Its another matter, how much feasible, in terms of recoverability, are these discoveries.

According to the US Geological Survey, the top five identified lithium reserves are: Bolivia, 21 million tons; Argentina, 20 million tons; Chile, 11 million tons; Australia, 7.9 million tons, and China, 6.8 million tons.
 
Last edited:
.
Apparently he has taken the figures from worldpopulation review website..




Here's another website with similar (not exactly) estimates..

THANKS.

MILLIONS. :mad:
 
.
THANKS.

MILLIONS. :mad:

Please see the addendum to my post above.

THANKS.

MILLIONS. :mad:

Interestingly there's another use of Lithium. A naturally occurring isotope of the element – 6Li – is a key ingredient in the fusion fuel of practical thermonuclear weapons.

United States' Castle Bravo thermo-nuke test in the early 1950s that was a much larger bang than expected – a 15MT explosion versus the predicted 6MT – due to the Americans thinking the abundant 7Li isotope in the fuel fusion would be inert. It was not, it had a sufficient effect on the reaction, and fallout from the experiment was widespread and disastrous.
 
Last edited:
. .
. .
Mumbai: The state government on Tuesday cleared its new policy for information technology (IT) and IT-enabled services offering several relaxations to the sector. As part of it, IT industries will be able to set up tech parks anywhere across the state. The policy also offers 50 to 100% subsidy in the stamp duty, waiving off electricity charges from 10 to 15 years, power supply on industrial rates among other sops and benefits to the IT industry. The state cabinet cleared the new IT and ITES Policy on Tuesday that aimed to attract an investment of ₹95,000 crore ($12 billion), 3.5 million jobs and export of ₹1 lakh crore ($12.5 billion).



$1.6 billion investment in EV battery manufacturing plant


TATAs line up over Rs 7,600 crore ($1 billion approx) to fund its electronics business


KredX aims for $200 million in export financing this year through GIFT City



CISCO manufacturing output from its upcomig plant in Chennai is targeted to be $1 billion



FxoZJKrWYAA4sYl
 
Last edited:
.
The Indian economy is now on “auto-pilot” mode and will grow steadily in the range of 6.5% to 7% from this year till 2030, even without further reforms, Chief Economic Adviser (CEA) V. Anantha Nageswaran asserted on Friday, adding that the 7.2% GDP initial growth assessment for 2022-23 could be an underestimate.


Adani Group has revived its investment plan for Mundra Petrochem Ltd, India’s largest polyvinyl chloride (PVC) plant, with initial funding of ₹14,000-16,000 crore ($2 billion).



India Plans Rs 15,000 Crore ($2 bn) PLI Scheme To Promote Setting Up Of Grid-Scale Battery Storage



India will offer Rs 3,760 crore ($455.2 million) in incentives to companies setting up battery storage projects totalling 4,000 megawatt hours (MWh) under a scheme announced earlier this year.



Tesla to set up vendor base in India






LG Electronics Global CEO visits India, company to ramp up investments in local factories



Services PMI at 61.2!



Web Werks and Iron Mountain joint venture to invest $170 million in Navi Mumbai data center.



Blackstone bets big on India’s warehousing, to grow logistics portfolio to 100 million square feet!



Megaproject: Newly built 6.2 million TEU Vizhinjam transshipment port in Kerala to commission by May 2024 at a cost of $1 billion.


IndiGo will order 500 additional jets from Airbus, eclipsing Air India's 470 aircraft order made this year which was the largest single order in the history of aviation.


Mega transshipment port complex with a capacity of 16 million TEU worth $6 billion in Nicobar Islands, close to Indonesia. Would be amongst the world's largest ports upon completion.


Prestige group project
Prestige Liberty Towers and Prestige 101 at BKC

Both combined will add a whopping 7 million square feet of Grade-A office space in Mumbai
FibfBApUAAALVsj
FibfANvUYAAsQ5q
 
.
20 million smartphones every year from this factory alone.




Blackstone’s Lumina CloudInfra to invest over $300 million to set up Navi Mumbai hyperscale data center

Read more at:
-----

GQG Partners looks to invest $1 billion more in Adani Group​

Read more at:

-----
Tata being Tata building huge commercial projects...

-> Tata Realty plans to develop 5 million square feet office space in Bengaluru, to invest ₹4,000 crore.

-> For Pune, Tata plans to invest Rs 2,000 crore to add 3.5 million square feet in the non-IT commercial segment branded as Intellion Edge.

->In Gurugram, Tata is building 1.6 million square feet office project.

->Tata also building its largest commercial office project in Navi Mumbai at 7 million square feet.

---

India's commercial office and data centre industry is growing like nuts!


---


Moody's sees India as fastest-growing G20 nation over next few years​

 
.
Tata Electronics is scouting for land for setting up their outsourced semiconductor assembly & test (OSAT) unit near Coimbatore.


---



---
Singapore based STT GDC to invest Rs 2,000 crore ($250 million) in two more data centres in Pune

Read more at:

---
1685015992641-png.931532









A total of over USD 2.3 bn in investments are expected over the next 2 – 5 years, and more than USD 0.4 bn of investment is expected during 2020-2023 period. The report also states that ~12,000 rooms are likely to be added in 2023, and the number of rooms is expected to grow at a CAGR of ~3.3% by 2025.

---
HYDERABAD:
Industries Ministet K T Rama Rao’s delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility, in Hyderabad. The company proposed to invest Rs.1,250 cr ($160 mn) in the facility and it would create Rs,5,400 ($652 mn) crore export value.

The Minister had a fruitful meeting with the CEOs and many of them signed MOUs with the government to set up their offices in cities such as Nizamabad, Siddipet and Nalgonda. Very soon, Tier-II cities in the state will get more than 2,500 IT jobs which will in turn create indirect employment for 10,000 people.



---

Hyderabad:
In a significant development for the healthcare technology sector in India, Medtronic PLC, the Dublin-based global leader in healthcare technology, announced an investment of over $350 million (approximately Rs.3000 crore) to expand the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad.

MEIC is Medtronic’s largest research and development (R&D) centre outside of the US.
---



----
Another Massive new addition to the rocking Hyderabad IT-ES sector!

A Bain Capital Owned company @vxiglobal, leading provider of customer experience solutions, with presence in 42 locations across North America, Latin America, Asia, Europe, and the Caribbean, makes a grand entry into Hyderabad - to setup a 10,000 employee center.

----

CtrlS to invest $18.1 million in a Data Centre project in Odisha

-----​

Amazon's AWS to invest $12.7 billion into India's cloud infra, confirms CEO Selipsky​

Amazon Web Services (AWS) announced plans to invest $12.7 billion into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India.​


Amazon Web Services (AWS) has announced its commitment to invest $12.7 billion (over Rs 1 lakh crore) into India's cloud infrastructure by 2030 in its efforts to meet growing customer demand for cloud services in the country.

This injection is expected to contribute $23.3 billion towards India’s gross domestic product (GDP) by the end of the decade.


The investment in data center infrastructure in India will create an estimated average of 1,31,700 full-time equivalent (FTE) jobs in Indian businesses each year.


 
.
Walmart to export $10 billion in goods from India by 2027

Exide is setting up a 12GWh lithium ion cell manufacturing plant in Bangalore at an estimated project cost of Rs 6,000 crore ($750 million) in two phases
. The company is already manufacturing lithium ion-based modules and packs at its plant in Gujarat.



GAIL plans $4.9 billion ethane cracker in West India








Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE) in Hyderabad.

The announcement about the proposed facility, which will be generating employment for about 1,000 people in a year, was made after Minister for Industries and IT K. T. Rama Rao, who is on an official tour to the U.K., met with Group’s CIO Anthony McCarthy in London.


----



Must read thread





-------





The World Trade Centre in Shamshabad, Telangana under construction would be the amongst the world's largest world trade centres with a built-up area of 10 million square feet.
WTC.jpg



Same company is building a World Trade Centre in Visakhapatnam of 4 million square feet built-up area.
1686995288530.png




All U/C world trade centres in India
 
.
India's Parvatmala Project
>$15 billion investment
>1200 kilometres long ropeways to be built
> 260 Ropeway projects across India



Madurai and Coimbatore Metro Rail Project status


Tamil Nadu expects $6 billion investments for Electric Vehicles maufacturing



Mindspace IT Complex in Bengal Silicon Valley
Total Built-up area around 4 million square feet.
 
Last edited:
.
.
$2.5 billion investments in Greater Noida for Data Centres.





STT GDC India set to double data centre capacity in next 3-5 years with $1 billion investment​



Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana​

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.​






 
.




Indian Oil capex investment to be ~ $4 billion this year.

Samsung enters in OLED TV segment in India; to manufacture locally




Brazil’s Embraer is in talks with India’s Tata and Mahindra groups, among others, for an aircraft manufacturing partnership, top company executives said, as the world’s third-largest passenger jet maker works to expand its India foothold.



The number of Apple production sites in the country increased to 14 last year compared with 11 in 2021, signalling the iPhone maker’s accelerated expansion in the country.



The Centre is looking to include refractories in the upcoming Production Linked Incentive Scheme 2.0 for steel as it aims at doubling the country's production capacity for the metal to 300 million tonne by 2030. India already is the 2nd largest steel manufacturer in the world.



India set to be third-largest construction market in 2024: CNH Industrial president
India is CNH Industrial’s sole manufacturing hub in the Asia-Pacific region, where it is ramping up capacities to 10,000 units annually by the next year, making it the 2nd-largest factory for the company globally and its largest export hub.

The company wants to increase its India capacity by 50% to 15,000 units in the medium term and is targeting a production of 12,000 units a year by 2025. 50% of our production in India goes towards exports to 105 countries.





1,00,000 prefabricated biogas plants to be produced in world’s largest manufacturing facility in Pune​






The trade landscape is changing structurally to India’s advantage​

The growth of the new product basket outpaces the growth of legacy products. Productions such as helicopters, arms and ammunition, and electrical machinery registered some of the highest growth rates.







JSW under the PLI scheme, has planned to set up a solar module manufacturing facility. It has received the LoI (letter of intent) for 1 GW per year capacity for a wafer-cell-module manufacturing facility.



The Indian ER&D sector is projected to be worth over $63 billion by 2025, according to NASSCOM, and most of these services providers stands to benefit.



The faster adoption of Generative AI globally has an “advantage India'' angle as AI consulting firms are seeing increased client interest as they are getting RFPs, POCs and projects around the new technology theme.



South Eastern Coalfields Ltd (SECL) is aiming to scale up the capacity of its Gevra mine to 70 MTPA to make it the world's largest coal producing site by the end of ongoing fiscal.



India’s speciality chemicals sector is a ‘Goliath' in the making, according to Jefferies. It believes the gradual decline in EU's share in global chemical capex as well as sourcing needs beyond China bode well for the Indian producers.



Anupam Rasayan has signed a Letter of Intent (LoI) worth USD 265 million (Rs 2,186 crores) with a Japanese speciality chemical company for the supply of new age patented life science active ingredient for next five years.




JK Lakshmi Cement Ltd will look to invest about Rs 8,000 crore ($1 billion) over a six-year period, between 2024 and 2030, to ramp up capacity to 30 million tonnes per annum (mtpa) from the projected 18 mtpa capacity at end-FY24.


India among most vibrant startup ecosystems in the world: Sequoia's Roelof Botha.


Goldman Sachs' biggest office beyond New York attests to India's rise​

India has roughly 1,600 of the GCC centers, more than 40% of the number worldwide, according to Nasscom.​

Nasscom estimates India will have at least 1,900 GCCs by 2025, and annual revenue from the industry will increase to as much as $60 billion.



Expect India's GDP growing over 7% in 2023-24: CEA Anantha Nageswaran​









India Set For $168 Billion Finance Behemoth As HDFC Merger Nears The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.

 
.

Latest posts

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom