Foreign investments and Make in India

[karthik25]

 

[karthik25]

 

[Silverado]

Cool

[Silverado]

Just now, karthik25 said:

 

Super

[karthik25]

 

[karthik25]

Honda to scale up vehicles exports from India in line with Make-in-India Programme
 

NEW DELHI/MUMBAI: In what would give a boost to the government’s vision to build indigenous capability by manufacturing more locally, Japanese auto major Honda has firmed up plans to use India as an export base for the fifth generation version of its flagship sedan City leveraging the cost competitiveness of its manufacturing facility in the country.
Honda Cars India plans to sell about 90000 units (including exports) in the ongoing fiscal year, said people in know of the company’s plans. Once the shipment of the new City starts, the share of exports in total production is likely to increase to 8-10%. Exports accounted for about 4% of Honda Cars India’s total production in 2019-2020.

https://economictimes.indiatimes.com/industry/auto/cars-uvs/honda-to-scale-up-vehicles-exports-from-india-in-line-with-make-in-india-programme/articleshow/76978551.cms

[Hydrockers]

Ehee ee 1.or 2 B endi

Ma baboru PM ayyi.unte trillions lo vachevi

[Peter123]

good post. 

[JohnSnow]

2 hours ago, Hydrockers said:

Ehee ee 1.or 2 B endi

Ma baboru PM ayyi.unte trillions lo vachevi

trillions 90 percent country la gdp lu kuda undav 

[Android_Halwa]

Things seem to be working in favor...

 

[Kool_SRG]

3 hours ago, karthik25 said:

 

 

Investments in India in last 1 week:

====================================

$ 10 Bn Google - This is push digital infra over next 5-6 yrs (Make no mistake Google Pay is not recognized Payment by RBI as per their recent statement) this could well change from RBI soon.

US TECH giant Google said on Monday that it has set up a ‘Google for India Digitisation Fund’, through which it will invest $10 billion in the country over the next five to seven years through a mix of equity investments, partnerships, operations, infrastructure and ecosystem investments.

====================================

₹ 1.2 Bn Hitachi  - This is they won order for manufacturing locomotives for India Railways  of  that value.

https://www.japantimes.co.jp/news/2020/07/13/business/corporate-business/hitachi-trains-india/#.Xw84SBJS8y4

=====================================

₹ 730 crore Qualcomm - They are taking share in JIO & investing in it how it will be considered as a general investment in India.

https://www.livemint.com/companies/news/qualcomm-s-unit-to-invest-rs-730-cr-in-jio-platforms-11594566492323.html

=============================

$ 1Bn Foxconn  -  This is a push by Apple to expand its manufacturing base in India..

[ChinnaBhasha]

3 hours ago, Hydrockers said:

Ehee ee 1.or 2 B endi

Ma baboru PM ayyi.unte trillions lo vachevi

ade kada.. anni chhattisgarh, chandigarh lekkalu cheptunnaru 😀

[Kool_SRG]

23 hours ago, Kool_SRG said:

$ 10 Bn Google - This is push digital infra over next 5-6 yrs (Make no mistake Google Pay is not recognized Payment by RBI as per their recent statement) this could well change from RBI soon.

US TECH giant Google said on Monday that it has set up a ‘Google for India Digitisation Fund’, through which it will invest $10 billion in the country over the next five to seven years through a mix of equity investments, partnerships, operations, infrastructure and ecosystem investments.

 

Jio investment first, biggest of India investment plans: Google CEO Sundar Pichai
 

New Delhi: Google’s investment of $4.5 billion (Rs 33,737 crore) in Jio Platforms Ltd, for 7.73 percent stake aims to accelerate India’s digital economy over the next five to seven years through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments, CEO Sundar Pichai said.
 

Earlier this week Pichai announced the ‘Google For India digitization fund’ committing Rs 75,000 crore to accelerate India's digital economy for the next five years.
 

 

[karthik25]

Not in China but Chennai. Apple starts manufacturing of iPhone 11 in India

In a major win for the govt’s Aatamnirbhar India initiative, Apple has started manufacturing of one of its flagship devices, the iPhone 11, at Chennai’s Foxconn plant. This is the first time Apple has manufactured a top-of-the-line model in India.

Commerce Minister Piyush Goyal announced the news on Twitter on Friday. Goyal wrote, “Significant boost to Make in India! Apple has started manufacturing iPhone 11 in India, bringing a top-of-the-line model for the first time in the country."

Prior to this, the Cupertino-based tech giant had started assembling the iPhone XR in India in 2019. In 2017, Apple had started the domestic manufacturing of the Apple iPhone SE 2016 in the Bangalore plant.

Apple also has plans to make the iPhone SE 2020 in India in its Wistron plant near Bangalore.

Earlier this month, Foxconn, which is a leading supplier for Apple has planned to invest up to $1 billion to expand its India factory where it assembles iPhone models. Pegatron — the second-largest iPhone assembler after Foxconn — was also reported to make some investment in the country and set up a local subsidiary in the coming future.

 

[Ryzen_renoir]

They are just assembling it to be sold in india only ,  there is no value addition being done here except to evade taxes .