Good Rains Will Boost Agriculture in India

With the El Nino phenomenon not in play this year, heavy rains in India have created the right conditions for crop planting in the key agricultural states of Punjab, Haryana and Uttar Pradesh. Officials say the good rainfall in north India has boosted soil moisture that is needed for the new crop, reports the Economic Times.
A USDA Foreign Agriculture Service GAIN report notes that the Indian Meteorological Department’s second forecast for the Southwest Monsoon predicts a normal monsoon for 2017 and suggests that June to September rainfall will be 98 percent of the Long Period Average or LPA.
Monsoon 2017 in India

Source: Indian Meteorological Department

June 20, 2017   No Comments

Samsung to Expand in India with $760 Million Investment

Samsung announced an investment of $763 million in India to expand its plant at Noida in the northern state of Uttar Pradesh, where it manufactures smartphones, refrigerators, and TVs.

Android Authority reports that the company added an additional 35 acres of land adjacent to the current facility to double the production capacity of both mobile phones and refrigerators. The new site was inaugurated with a ground-breaking ceremony and traditional puja (prayer) in the presence of officials from the Indian government along with JK Shin, CEO, Samsung Electronics Co. Ltd. and HC Hong, President & CEO, Samsung Southwest Asia.

Ground breaking of new Samsung Facility

Hong said, “This new investment is a testament to our continuing commitment to ‘Make in India’ and to Uttar Pradesh, which has been our partner right from the day Samsung’s journey in India began.”

Once the factory is fully operational, it will be able to produce approximately 10 million smartphones every month. Samsung in India is set to make Noida the manufacturing hub and also starting exporting from the plant to U.S.A., and Europe by 2020.

 

June 12, 2017   No Comments

Walmart to Set Up 50 New Outlets in India

Walmart will open 50 new wholesale  stores across India over the next three to four years which will be located in the states of Telangana, Andhra Pradesh, Maharashtra, Punjab, Uttar Pradesh and Haryana. President and CEO, Walmart Canada and Asia, Dirk Van den Berghe, said Walmart was committed to India, and the country with its efficient economy was an important market for them.

Each store will be spread over 50,000 to 60,000 square feet. The company will invest $10 to $12 million in each store which will serve 300,000 wholesale customers; hotels, restaurants, caterers, offices and institutions; and 30,000 mom-and-pop grocery shops.

Walmart Store

IndiaRetailing reports that Walmart currently sources 97 percent of the products within India. 15 percent of its merchandise is sourced from the region where its store is located. The company proposes to work with small and marginal farmers and offer training and education to all stakeholders in the value chain.

 

May 7, 2017   No Comments

India to Export Fertilizers by 2021

India has drawn up an $8.7 billion plan to revive inoperative fertilizer plants and set up gas import and pipeline facilities in eastern India in a bid to become an exporter of urea(a chemical nitrogenous fertilizer) by 2021. The project includes building a 1,590-mile pipeline, the revival of four urea plants in the northern Uttar Pradesh state, eastern Jharkhand, Bihar and Odisha states, and building a liquefied gas import facility.

Spraying Fertilizer

Reuters reports that India produced 24.2 million tons of urea in 2016-17, while importing about 5.4 million tons of its fertilizer needs; the revived plants are projected to increase the annual urea production capacity by 7.5 million tons, said Ananth Kumar, India’s Minister in charge of fertilizers. He added, “From an importing country, we will become an exporting country. For food security, we need fertilizer security.”

 

May 5, 2017   No Comments

India’s Ardom Telecom Acquires Texas-based Quanta Towergen

Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.’s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle.

Ardom Telecom Towers

In the last few years, Quanta has invested  $14.5 million to create solar energy generation facilities on various telecom tower sites and its remote monitoring mechanism, reports the Economic Times. This acquisition will help Ardom to provide solar power on telecom tower sites spread over the states of Uttar Pradesh , Bihar, Jharkhand, Madhya Pradesh, Assam and North-East India.

 

 

April 6, 2017   No Comments