Manufacturing Inflation Next
Manufacturing inflation, which has been on the up since the last few months, will continue to rise, say economists, due to rising prices of cooking oil, soaps and other manufactured products….. Read More.
Manufacturing inflation stood at 6.15% in July compared with 6.66% in June. But the decline won’t last, experts say. .” In fact, economists feel the July data for manufacturing inflation would be revised upward, due to which, the Wholesale Price Index inflation (WPI) inflation for July will again slip cialis weekend pill into double-digit. “My sense is that manufacturing inflation will go up again because demand is pretty strong in India and companies will think of raising prices,” A. Prasanna, economist, ICICI Securities Primary Dealership said. Sachchidanand Shukla, senior vice-president and economist, institutional equity research, at Enam Securities said, “We do think that the manufacturing side will be a problem.
“I expect a revision in manufacturing inflation for July. Prices are rising and companies will pass on this rise in prices to the end-users of manufactured products,” said Ketaki Sharma, economist, Nomura Financial Advisory and Securities (India). The July WPI inflation stood at 9.97% compared with a year earlier. Fast moving consumer goods giants such as Hindustan Unilever (HUL) and Marico have already triggered a trend of raising prices. HUL has raised prices of its Lux and Lifebuoy toilet soaps by Re 1 each, while Marico has increased prices of select large-sized packs of Saffola and Parachute oils by 3-4%, and is considering more price increases in a few weeks. The festival season may see more companies following the trend. “Before the festival season, there is hoarding of stocks in many agricultural commodities. These stocks are released in the festival season with the hope that prices will move up. The price increase of these commodities will result in prices of manufactured items going up,” Vandana Bharti, head of commodities cialis wiki research, SMC Global Securities said.
Source: DNA India
Demand outstrips supply in Auto Industry
Royal Enfield, the Eicher Motors Ltd unit that makes the iconic Bullet motorcycle, may set up a second factory near Chennai to overcome capacity constraints that make it difficult for the company to meet demand. Royal Enfield is looking to grow at 15% annually, and expects the factory to be utilized fully by 2020….. Read More.
Royal Enfield has been unable to meet demand for its Classic 350 and 500 models, which were launched in November, with the waiting period extending to as much as nine months for some variants. The new plant it’s considering, will have an investment of Rs200 crore, with an installed capacity of 250,000. “While the company is trying its best to deliver the bikes as fast as possible, it’s not bad to have a little demand-supply gap for a leisure, high-energy brand,” said Siddhartha cialis mail order Lal, managing director and chief executive at Eicher. Enfield’s July domestic sales rose 10% to 4,775 units and it plans to sell 100,000 units by 2012. To make its bikes Bharat Stage 3 emission compliant, Enfield is changing engines. It’s also preparing to roll buy cialis doctor online out a new model every two years with more features and higher displacement. The company will launch the Cafe Racer model in 2012.
Mahindra & Mahindra is also looking at enhancing production of its two-wheelers within next 2-3 years. “We are already working on our future expansion plan as we think the existing capacity will not be sufficient in a couple of years time,” M&M’s two-wheeler sector President Anoop Mathur stated. He said that the company is looking at various options including the expansion in capacity of the existing Pithampur plant in Madhya Pradesh or other locations. The company had acquired the scooter business from Kinetic Motor last year. M&M’s scooter sales in the last 11 months has crossed one lakh units. Mathur also said the company is set to enter the motorcycle market with its first model expected to be launched befor December this year. Speaking about the future model line up he said: “For the next five years we are looking at a minimum one to two models per year which could be new or refurbished ones. In all we should be have a total of 5-8 models in the market in the next five years.”
Source: Live Mint , Business Standards
Industrial Production as expected
“We did expect that industrial growth would decelerate,” Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, told reporters in New Delhi. “I would not conclude from the June figures that this would be the trend for the rest of the year.” The growth is lowest in the past 13 months….. Read More.
China’s industrial production rose 13.4 percent in July from a year earlier, the weakest pace in 11 months, adding to signs that a slowdown in the world’s third-biggest economy is deepening. China is the only major economy in Asia that is growing faster than India. The Federal Reserve reversed plans to exit from its aggressive monetary stimulus, providing further signs that the global economic recovery is slowing. But Bank lending to companies and individuals grew more than 21 percent in the year through July, the fastest pace since January 2008. Automobile sales are also surging. Tata Motors Ltd., India’s biggest truck maker, reported sales in July climbed41 percent, while motorcycle maker TVS Motor Co. said its sales grew 35 percent.
“The slowdown in Indian manufacturing sector is…also due to the gradual phasing-out of monetary and fiscal stimulus,” said Ficci Secretary General Amit Mitra. Another leading industry body Assocham, however, said the June growth slipped due to the rising cost of inputs coupled with continuing inflationary cialis herbal alternative pressures. India’s Industrial growth rate was 7.1 percent this June. Source:BloomBerg & Hindustan cialis for sale online Times
The Enclave solution for Manufacturing problem
Why is India not a manufacturing power house? What is the cialis generic price solution to this problem? What should policy-makers do? …..Read More.
High infrastructure costs for power and shipping, poor transport network and linkages, unhelpful labour laws among others are often blamed for this problem. One causative factor that has been ignored is the very success achieved in the export of services (software).The remittances sent by migrant labour also is a factor. These two factors keep the Rupee value high compared to China which undervalues its currency. This makes exports less lucrative and imports more expensive hindering major growth in this sector.
The only answer that is left is to go for the enclave solution. Tamil Nadu has shown how this can be done by creating cialis soft tabs vs cialis an industrial hub outside Chennai, which will be linked by a dedicated, high-speed expressway to the Chennai and Ennore ports — facilitating the export of (among other things) tens of thousands of cars by companies like Hyundai and Ford. Gujarat hopes to create its own enclaves, using the opportunity provided by the proposed Mumbai-Delhi transport-cum-industrial corridor. The overwhelming bulk of export growth in the last couple of years has come from the SEZs — which becomes a clinching argument for Enclaves. Enclaves are always a second-best solution to achieving system-wide efficiencies, but it would seem that that is the only practical option left.
Source: Rediff
Maruti Suzuki still the No1 player
Maruti Suzuki had still managed to be the No1 player with the largest number of vehicles sold but its market share has been reduced to 47 per cent from over 50 per cent market share till a few months cialis 5mg tablets back because of the slew of new arrivals in the marketplace, Tata Nano to Ford Figo, GM’s Beat, Hyundai i20 and Volkswagen Polo to name a few.
It is learnt Honda will launch a new small car next year and Hyundai is also working on a 800cc car. The situation gets further compounded by the Tata Motors’ new Sanand plant which will spew more than 20,000 Tata Nanos with every month. With India emerging as one of the hottest destinations for global carmakers, and competition increasing at Maruti door-step, it has its task cut out.
Maruti has also set aside close to Rs 3,000 crore to increase its manufacturing capacity by 200,000 units to 1.2 million cars by 2011 and build acomplia rimonabant profile a new research and development facility at Rohtak, which will be Suzuki’s R&D hub for Asia operations. Industry experts still believe the market leader will still not be able to keep selling every second car in the country for long and dilution in share would happen and that is natural with so many players vying for each others throat.
Source : Wheels unplugged
Cement prices to remain under pressure
“Cement prices are expected to remain under pressure due to an oversupply scenario,” declared Aditya Birla group-controlled Grasim Ltd Whole-Time Director and CFO Adesh Gupta. The oversupply is due to new capacity addition …. Read More.
The uptrend in input prices, like the increase in imported and domestic coal prices and the increase acomplia dose in diesel prices, has also hit the cement industry. However, the company expects cement demand to grow at 10 per cent for the next five years on cialis tadalafil 5mg the back of growth of the overall Indian economy, which will result in increased cement consumption, both in the government and private sector, Gupta said.
“We plan to spend around Rs 11,527 crore, which includes Rs 1,452 crore for the cement business, Rs 4,475 crore for cement business subsidiaries and Rs 5,600 crore for cement capacity expansion in Chhattisgarh and Karnataka,” Gupta said. Grasim also plans brownfield expansions aggregating to 9.2 million TPA at its Chhattisgarh and Karnataka units.
Source : Economic Times
India unveils prototype for $35 touch-screen computer
The Indian government has unveiled acomplia medication the prototype of an iPad-like touch-screen laptop, with a price tag of $35 (£23), which it hopes to roll out next year.Aimed at students, the tablet supports web browsing, video conferencing and word processing, say developers.
Human Resource Development Minister Kapil Sibal said a manufacturer was being sought for the gadget, which was developed by India’s top IT colleges. An earlier cheap laptop plan by the same ministry came to nothing.
The device unveiled on Thursday has no hard disk, using a memory card instead, like a mobile phone, and can run on solar power, according to reports.
‘Manufacturer interest’
It would cost a fraction of the price of California-based technology giant Apple’s hugely popular iPad, which retails from $499.Kapil SibalHuman Resource Development Minister. Mr Sibal said the Indian tablet, said to run the Linux operating system, was expected to be introduced to higher education institutions next year. The plan was to drop the price eventually to $20 and ultimately to $10.
Unveiling the gadget, the human resource development minister told the Economic Times newspaper it was India’s answer to the “$100 laptops” developed by the Massachusetts Institute of Technology in the US.
“The solutions for tomorrow will emerge from India,” Mr Sibal said, reports news agency AFP. The project is part of a government initiative which also aims to extend broadband to all of India’s 25,000 colleges and 500 universities.
In 2005, the Massachusetts Institute of Technology (MIT) unveiled the prototype of a $100 laptop for children in the developing world, although it ended up costing about double that price. In May, Nicholas Negroponte – of the MIT’s Media Lab – announced plans to develop a basic tablet computer for $99 through his non-profit association, One Laptop per Child.
Source:[BBC] cialis mg dosage
Environment Protection Ruled out?
The Government has drafted new rules that make a producer cialis pro of electrical and electronic equipment responsible for the collection and appropriate disposal of e-waste generated at the end of life of its products. The draft called E-waste (Management and Handling) Rules 2010 was made public on the website of the Ministry of Environment and Forests in May and was considered necessary for ‘public interest’.
With these rules, the government has also decided to fund establishment of e-waste treatment facility as part of its waste management programme for 140 highly contaminated sites in the country. The two decisions do not seem to be converging at any point though both revolve round e-waste. While the financial package stands to be a move merely on paper with no amount of commitment attached to it, both the decisions should have been clubbed together and made public for better tackling of the issue.
Question also arises if e waste is already part of the Hazardous Waste Rules of 2008, then where was the acomplia online pharmacy need to draft new set of rules? While there’s no significant difference in the two, the present set of rules seem much more diluted in nature and is largely aimed at protecting the interests of brand manufacturers.
Follow the discussion on this topic on LinkedIn
Source: [Economic Times India Times]