INDIA NEWS
July 16-31, 2021 - Vol 1, Issue 26
MAKE IN INDIA
Investment climate in India has improved considerably since the opening up of the economy in 1991 Textile Products: MMF segment and technical textiles: Ministry of Textiles Specialty Steel: Ministry of Steel OPPORTUNITIES IN STATES Rajasthan Highest solar energy potential in India - 142 GW
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his is largely attributed to ease in FDI norms across sectors of the economy. India, today is a part of top 100 club on Ease of Doing Business (EoDB). FDI inflows in India stood at $45.15 bn in 2014-15 and have consistently increased since then. Moreover, total FDI inflow grew by 65.3%, i.e. from $266.21 bn in 2007-14 to $440.01bn in 2014-21 and FDI equity inflow also increased by 68.6% from $185.03 bn during 2007-14 to $312.05 bn (2014-21). India has attracted total FDI inflow of $76.30 bn during April to March 2021. It is the highest ever for the first ten months of a financial year and 19% higher as compared 2019-20 ($62.72 bn). India is the fifth largest recipient of inflows in the world. FDI inflows in India during April to December were $67.54 bn. It is the highest ever for the first ninth months of a financial year and 22% higher as compared to the first ninth months of 2019-20 ($55.14 bn). Total FDI inflows in the country in the last 21 years (April 2000 March 2021) are $763.5 bn while the total FDI inflows received in the last 5 years (April 2014September 2019) was $319 bn which amounts to nearly 50% of total FDI inflow in last 20 years. During FY 2020-21, total FDI inflow of $58.37 bn, 22% higher as compared to the first 8 months of 2019-20. FDI equity inflows received during April - November 2020 is $43.85 bn which is 37% more compared to April November 2020 ($32.11 bn). Production Linked Incentive (PLI) Schemes Hon'ble Finance Minister, Smt Nirmala Sitharaman has
announced an outlay of INR 1.97 lakh crores for the Production Linked Incentive (PLI) Schemes across 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. In addition to the three schemes announced earlier in March 2020, GoI has further introduced the following 10 new PLI schemes in November 2020: March 2020 Key Starting Materials (KSMs)/ Drug Intermediates (DIs) and Active Pharmaceutical Ingredients (APIs): Department of Pharmaceuticals Large Scale Electronics Manufacturing: Ministry of Electronics and Information Technology Manufacturing of Medical Devices: Department of Pharmaceuticals November 2020: Electronic/Technology Products: Ministry of Electronics and Information Technology Pharmaceuticals drugs: Department of Pharmaceuticals Telecom & Networking Products: Department of Telecommunications Food Products: Ministry of Food Processing Industries White Goods (ACs & LED): Department for Promotion of Industry and Internal Trade High-Efficiency Solar PV Modules: Ministry of New and Renewable Energy Automobiles & Auto Components: Department of Heavy Industry Advance Chemistry Cell (ACC) Battery: Department of Heavy Industry
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Agriculture sector contributed close to 29% to Rajasthan's GDP in 2020-21. Rajasthan is the second largest producer of pulses, oilseeds, and the largest producer of coarse cereals, as of FY19. The state provides opportunities in the areas of organic and contract farming as well as in infrastructure developments related to agriculture. The state is home to over 850 factories in the food processing sector. Rajasthan is among the largest mineral-producing states in India. Around 81 varieties of minerals are available in the state and 57 minerals are produced on a commercial scale. The state is the leading producer of cement grade limestone and the sole producer of lead and zinc in India.The state attracted about 54 mn tourists including foreign tourists in 2019. The state is home to India's first successful Japanese Industrial Zone located at Neemrana, spread across 473 ha. Rajasthan is the largest state in India (area wise). It shares its border with five major Indian states — Punjab, Haryana, Uttar Pradesh, Madhya Pradesh and Gujarat. An area of 13,447 sq km of the state falls in the National Capital Region (NCR), which is around 24.5% of the total NCR. The state has the solar potential of 142 GW, highest among Indian states, and wind potential of 1,27,750 MW. The total installed power capacity is 25,740 MW. Rajasthan ranks #1 in Export Preparedness Index 2020 under Landlocked states category. Moreover, it has a vast network of national highways and railways, which provides excellent connectivity to major cities and ports of Gujarat and Maharashtra. The state's total road length is approximately 264,244 km, while the railway length stands at 5,937km. The state has an international airport and an air-cargo complex in Jaipur, the state’s capital, and seven inland container depots. Sikkim
Hon’ble Finance Minister, Smt Nirmala Sitharaman has announced an outlay of INR 1.97 lakh crores for the Production Linked Incentive (PLI) Schemes across 13 key sectors
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Highest hydropower generation capacity in India’s North-East Sikkim exhibits diverse climatic conditions from tropical moist to temperate and alpine zones. Agriculture is the primary occupation of the inhabitants of the state. The major crops of the state include rice, maize, tea, soybean, ginger, orange, pears, potato and tomato. It is the top producer and exporter of large cardamoms in the country. Sikkim has also done well on the sanitation front and is World’s first fully organic state. Sikkim enjoys a strategic locational advantage, sharing its boundary with Bhutan, China and Nepal. Teesta and Rangeet are the two major rivers flowing through the state with nearly a hundred tributaries. The state is home to 315 glacier lakes and world's third highest mountain peak Mount Kanchenjunga that attracts a large number of tourists from across the world. Tamil Nadu Home to the highest number of factories in India - over 37,220 units Tamil Nadu has a diversified manufacturing sector and features among the leaders in several industries such as automobiles, pharmaceuticals, textiles, leather products, chemicals, among others. Tamil Nadu is situated at the South-Eastern extremity of the Indian Peninsula. The state is bounded on the north by Karnataka and Andhra Pradesh, on the west by Kerala, on the east by the Bay of Bengal, and on the South by the Indian Ocean. Tamil Nadu has a well-developed infrastructure with an excellent road and rail network and seven airports. The state’s coastline of 1,076 km, is the second-longest in India and has 4 major ports. Tamil Nadu ranks #3 in Export Preparedness Index in 2020. Moreover, the state is the highest contributor to India's renewable energy capacity at 16 GW and has a total installed power capacity of 32,620 MW. Telangana Telangana ranks #2 in Export Preparedness Index 2020 under Landlocked States category 2nd highest contributor to India's IT exports Telangana's capital, Hyderabad,
Telangana's capital, Hyderabad, is a major IT hub of the country
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is a major IT hub of the country. The state also contributes nearly one-third to India’s production and one-fifth to its exports in the pharmaceutical sector. The state has a road network of over 27,600 km, with 24 national highways (NH) and an international airport in Hyderabad that connects it with major domestic and international markets. The state has an installed power capacity of over 15,800 MW, with about 42% contribution from green energy sources. Hyderabad ranked 2nd most dynamic city in JLL’s City Momentum Index (CMI) 2019 unveiled in World Economic Forum. As a pharma and life sciences hub, Hyderabad is poised to grow to a $100 bn business generator by 2030, up from $13 bn now. Hyderabad won 3 Smart Cities India (SCI) awards by India Trade Promotion Organisation (ITPO) at the 28th Convergence India 2021 International Exhibition and 6th Smart Cities India Expo, in the categories – green and clean city, smart waste disposal, and startup Hyderabad retained its position as the top city in India for the fifth year in a row in Mercer’s Quality of Living Survey 2019 The state is one of the leading producers and exporters of horticulture crops, including lemons, oranges, and turmeric among others. Sericulture and fisheries are other sustainable sectors, with the state having the third largest pool of inland fisheries resources in the country. The state has a large number of manufacturing units in pharmaceuticals, food processing, non-metallic minerals, plastics and electrical equipment sectors. The world's largest film studio complex, Ramoji Film City, is also based out of Hyderabad. The resilience of Telangana economy was aided by agriculture and allied sectors, which grew by 20.9%, dwarfing the 3% growth at the national level. Telangana State Industrial Project Approval and Selfcertification System (TS-iPASS) Act in 2014 to provide clearances to mega projects within 15 days and projects of other nature within 30 days, i.e., shortest in the country. The state is also the only one in the country to have introduced the 'Right to Clearance' for industrialists to get industrial clearances. TSiPASS has facilitated cumulative investments of over INR 2,14,951 Crores creating 15.6 lakh jobs. In FY 2020-21, TSIIC has developed 10 new Industrial Parks and allotted 810 acres of land to 453 industries with an expected investment of INR 6,023 Crores and potential employment of 7,623. Source: Invest India, Government of India
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