สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 30 พฤษภาคม 2555
High petrol prices: Demand for two-wheelers likely to go up
The runaway petrol price, which has singed many, has found an unexpected beneficiary in the Indian auto market: motorcycles and scooters. With customers looking for cheaper mobility options over pricier cars following the steepest-ever jump in fuel prices last week, the demand for more affordable motorcycles and scooters is likely to go up in the coming months.
It is clear that the difference in basic prices and the total cost of operating them has started influencing demand patterns in the Indian market. Motorcycle manufacturers are gaining at the expense of car companies like Volkswagen, General Motors, Honda Siel, Tata Motors and Ford Motors, who have posted lower sales in the recent past as consumers are putting off their plans of buying new cars.
(Source: Economic Times, Times of India, Hindu Business Line, i4u)
Project execution biggest worry in India: Siemens
Siemens Metal Technologies has said execution of projects in India is the biggest worry for a global firm as the expansion and modernisation programmes take a long time to complete in the country.
Siemens is a leading global firm offering technological and modernisation programmes to metallurgical industry like steel. The company has significant presence in India.
India currently has installed steel making capacity of 90 million tonnes per annum and is world's fourth largest producer of the metal alloy. The government has projected steel making capacity of 140 MTPA by 2016-17 in the country.
(Source: Economic Times, Indiatimes, Hindu Business Line, Rediff)
Posco completes construction of first Indian plant
South Korea's Posco, the world's third largest steelmaker by output, said Tuesday it has completed construction of its first steel mill in India.
The mill in the west-central state of Maharashtra is capable of producing 450,000 tonnes of hot galvanized steel plate per year for cars and household goods in India and other countries.
Maharashtra has auto plants run by GM, Volkswagen, Tata Motors and Mahindra.
In the same state, Posco plans to open a 300,000-ton electric steel plate facility by October 2013 and a 1.8 million-ton cold-rolled mill in June 2014.
(Source: Business Standard, Economic Times, Indiatimes, Yahoo)
Industrial production may pick up to 6.9 pc in FY 13: CMIE
The growth in industrial production is expected to accelerate to 6.9 % in FY 13 from 3.9 % estimated for FY 12, an economic think-tank said.
The performance of the manufacturing sector is also expected to improve in FY 13, owing to an increase in the purchasing power of both the urban and the rural consumers, improvement in availability of raw materials and huge capacity additions, the CMIE (Centre for Monitoring Indian Economy) report said.
Production of coal is likely to grow by 8 %, crude oil by 6.5 %, power generation by 13.2 %, thermal power by 14.4 % and manufacturing sector would accelerate to 5.8 % in FY 13.
(Source: Economic Times, Zeenews, IBNLive, Worldnews)
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