Aroleap’s Post

The importance of "nuance", as Raghu mentions, is an important factor in critical reasoning necessary for, inter alia, policy making. We have not demonstrated this aspect over last 10 years post economists like Dr. Manmohan Singh being at the helm. Demonetisation was perhaps the most glaring example. Make in India thru limited, time based subsidies is good in principle keeping international trends in mind.... .....however, as Raghu thoughtfully elucidates, it is critical to find the niche with the biggest "bang for the buck". Chip manufacturing may not be one of them given the economies of scale in US, China and Taiwan, global over capacity, and established logistics and supply chains. It is unlikely we will have any substantive competitive advantage to muscle in. Promoting manufacturing services with IP content in the mix would be the ideal combination for India given our skills in technology and a mass market. Raghuram Rajan Kanwal Rekhi Annurag Batra #policy #India #economics #publicpolicy #makeinindia

So, in summary, Raghuram Rajan believes that India should not be spending billions on subsidies for something that neither does add much value or create proportionate jobs. Eg - chip assembly and testing facilities He is not against manufacturing, but he seems to be against ONLY manufacturing. Services has served well for India but a shift of focus away from it may not be the best way forward. What's your take on this? Do you agree that companies who are attracted to India because of the massive subsidies and PLI benefits would slowly scamper away once the flow of govt. money stops? #raghuramrajan #manufacturing #pli #indianeconomy #economy #growth #india

#technology #economics #sustainability #NobelPrize Manufacturing in India or in any other country, including in the West and other advanced economies, began in earnest as a mass job creator with the automobile ecosystem created by Henry Ford in the early part of the 20th century. Nearly 50% of India’s employment is still in agriculture. And this is a good thing. The drawback, however, in agricultural employment is low farmer income because of rent-seeking by large global corporate intermediaries between the farmer and the consumer’s food plate. This value chain must be transformed for farmer incomes to rise and for agricultural yields to at least be maintained if not rise in the vain of Norman Borlaug’s The Nobel Prize green revolution to keep feeding up to 1.6 billion Indians between now and 2070 when India has committed to get to Net Zero. Manufacturing must support agriculture automation. A farmer need not work 24/7 mindlessly with little rest between two planting seasons to barely make ends meet. The machines will do the farmer’s work. Manufacturing must be green to build India’s roads, bridges, energy, electricity, rail and so on to support India’s smart cities initiative, to which I would add the multitude of Gandhi’s villages to be made smart, not the murderous power mongering military industrial complex of QUAD to boost domestic Indian innovation, manufacturing, and employment, as in the West. Technology must augment services to reduce number of average work hours per week for all to 15, as John Maynard Keynes had envisioned in 1930. This is what engineering education is for, MIT or IIT, both of which Raghuram Rajan attended. Not for Indian taxpayer subsidized social status and elitism of less than 2% of India’s college graduates in a rigged education system that passes for meritocracy as in the West, established by the West in India, held up by rigged global finance of Goldman Sachs and consulting by McKinsey & Company. The very large youth dividend of India outside these elites has no obligation, just as in America, to hold up the parasitic self-ordained minority elites in purported democracies of the world. Clear? Not nice? Too uncivil and not collegial for Barack Obama? Tough luck. Reason and truth can be hard to stomach especially for those who are skilled at avoiding responsibility. Better than killing jai jawans and jai kisans in criminally insane global wars, the rising not falling poverty around the world being the worst war waged on its peoples. I know I am trusted. I am not looking for external approbation about me being trusted. Never did. Most importantly I trust myself first. You will be locked up if you do not stop these wars, instead of reputation and status protections. When you care for your people you shall be spoken to nicely. Until then do as you are told and learn. Only then shall you be trusted. Do not like what you read here? Get out. © 2024 tamirisa.com TAMIRISA

The Society of Indian Automobile Manufacturers (SIAM) Automotive Sourcing Conclave 2024 focused on building resilient supply chains, emphasizing the importance of local #production, R&D, and reducing import dependency to align with India's self-reliance goals. The conference explored key topics such as strengthening supply chains for electrified vehicles, adopting emerging technologies, and balancing regulatory compliance with operational resilience, featuring insights from industry leaders and government officials. #Industry experts highlighted India’s progress in localisation, reduced import reliance, and sustainability efforts, reinforcing the commitment to building a competitive and #innovative supply chain ecosystem for the future of the #automotive industry. #AatmanirbharBharat #AutoIndustry #ElectricVehicles #SupplyChain #SelfReliance #Technology #Sustainability #MakeInIndia

With the facilitation of 100% FDI through the automatic route, India's automobile sector has made significant strides, securing its position as the world's third-largest automobile market. This momentum is propelling India towards becoming a global hub in the automotive industry. #AutomotiveIndustry #AutomobileMarket #GlobalHub #IndianEconomy #AutomobileGrowth #IndianManufacturing

"Thrilled to have attended the Ride Asia Expo at Pragati Maidan! 🚀 Got an exclusive look into the latest trends and technologies shaping the EV sector, thanks to insights from 10+ industry leaders. 🌐 Excited to witness the future growth of the automobile primary sector firsthand! 🚗 #RideAsiaExpo #EV #AutomobileIndustry #FutureTech"

The concluding session of Society of Indian Automobile Manufacturers (SIAM)'s 64th Annual Convention focused on “Aatmanirbhar in Automobile Supply Chain & Leveraging India’s Potential in Global Markets” and underlined the necessity to place more emphasis on indigenous manufacturing and localization. Vinod Aggarwal, President of SIAM and Managing Director & CEO of Volvo Eicher Commercial Vehicles, emphasized the importance of self-reliance (#Aatmanirbharta) in the automotive supply chain. Guest of Honour Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India, said, “We acknowledge SIAM and ACMA India’s vital roles in the auto value chain. With India targeting net zero by 2070, our auto sector is poised for significant transformation. With strong demand in the US, EU and Africa, we are strategically positioned to expand our export markets.” Guest of Honour, Dr V Anantha Nageswaran, Chief Economic Adviser, GoI, mentioned, “The Indian economy is poised to grow at a rate of 6-6.5%. Industry needs to focus on R&D and look at electric transition from the point of view of India’s resilience in critical materials required for EVs.” Shradha Suri Marwah, President, ACMA and Chairperson & Managing Director of Subros Limited, stressed the critical role of supply chain resilience in ensuring India’s competitive edge globally. #SIAMAnnualConvention #sustainablity #electric #mobility #India #automotive #supplychain #manufacturing #localization

India is on an extraordinary path, positioned to emerge as the next manufacturing superpower. As companies embrace the China+1 strategy, India is becoming a leading choice for diversified manufacturing. With rapid strides in manufacturing, electric vehicles, and the automotive industries, along with initiatives like Make in India and PLI schemes, our economic future is brimming with potential. The foundation for India's rise is set, and now, the world watches as we unlock this potential. What do you think are the most critical growth drivers and opportunities propelling India toward becoming the manufacturing superpower? Share your thoughts in the comments! #ManufacturingSuperpower #IndiaManufacturing #MakeInIndia #ChinaPlusOne #PLIScheme #AutomotiveComponents #HFL

Auto component makers to double investments as global supply chains shift from China to India – ET Auto Indian component makers are expected to benefit not just by the geopolitical uncertainties compelling global businesses to move away from sourcing from China. New Delhi: The shift has been gradual and the hope that India’s auto component sector becomes truly global finally appears to become real. While the talk of India’s potential as a global https://lnkd.in/g8FhSnrj

🚀 𝐒𝐭𝐞𝐞𝐥𝐛𝐢𝐫𝐝 𝐇𝐢-𝐓𝐞𝐜𝐡 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 ₹𝟏,𝟎𝟎𝟎 𝐂𝐫𝐨𝐫𝐞 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐢𝐧 𝐅𝐘𝟐𝟓!! We are pleased to share the coverage of our interaction on BrandWagon Exclusive in the Financial Express. 𝐇𝐞𝐥𝐦𝐞𝐭 𝐦𝐚𝐤𝐞𝐫 𝐒𝐭𝐞𝐞𝐥𝐛𝐢𝐫𝐝 𝐇𝐢-𝐓𝐞𝐜𝐡 𝐢𝐬 𝐨𝐧 𝐭𝐫𝐚𝐜𝐤 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐚 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐭𝐚𝐫𝐠𝐞𝐭 𝐨𝐟 ₹𝟏,𝟎𝟎𝟎 𝐜𝐫𝐨𝐫𝐞 𝐭𝐡𝐢𝐬 𝐟𝐢𝐬𝐜𝐚𝐥 𝐲𝐞𝐚𝐫 (𝐅𝐘𝟐𝟓), 𝐡𝐚𝐯𝐢𝐧𝐠 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐚𝐭𝐭𝐚𝐢𝐧𝐞𝐝 𝐨𝐯𝐞𝐫 𝟐𝟎% 𝐢𝐧 𝐐𝟏! Key Highlights: - Achieved over 20% of our target in Q1. - 1.5x rise in net profit to ₹12 crore in FY23. - Exciting new product launches, including 20 helmets and variants this year. 🪖 We’re also committed to: - Expanding our manufacturing capacity with new plants in Baddi and South India. - Combating fake helmets and promoting safety. - Growing our export market by 5x in the next two years. - Strengthening our retail network with 750 new stores by FY26. *Read more about our journey and future plans: See the full story in the article attached! ➡️ https://lnkd.in/gPmpAq9A #SteelbirdHelmets #Growth #SafetyFirst #MadeInIndia