India’s manufacturing sector records a robust performance as PMI rises to 16-year high
印度製造業表現強勁，PMI指數升至16年來最高紀錄。
India’s manufacturing sector had a great performance in March, supported by high sales and production, according to a monthly survey released on Tuesday. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), which is seasonally adjusted, increased for the 33rd consecutive month in March, reaching a 16-year high of 59.1 from 56.9 in February.
The HSBC manufacturing PMI increased from an 18-month low of 54.9 in December of last year to 56.9 in February and 56.5 in January.
But according to the study, there was a slight increase in cost pressures in March, reaching their highest point in five months. The questioned companies stated that they had to pay extra for steel, cotton, iron, plastics, mechanical tools, and steel. However, because manufacturers increased prices to the least degree possible over a year and continued to prioritize keeping customers satisfied, the increase in selling price was subdued.
小編點評：三月份印度製造業爆發，受到強勁的銷售和生產驅動PMI指數升至十六年最高的59.1。儘管成本壓力稍微上升，製造商仍然優先考慮客戶滿意度，導致售價增幅較為溫和。
Reliance’s Tamil Nadu campus will be Meta’s first data centre: Report
根據報導，Reliance在泰米爾納德邦的園區將是Meta的第一個印度數據中心。
According to a story published in the Economic Times on Tuesday, Meta Platforms, the company behind Facebook, Instagram, and WhatsApp, plans to establish its first data centre in India at the Reliance Industries Ltd (RIL) campus in Chennai.
A deal was made between Meta chairman and chief executive Mark Zuckerberg and RIL in early March, according to sources. It’s unclear how much the deal is worth.
In order to speed up data processing in its biggest market, Meta plans to run four to five nodes throughout the country. Currently, the social media giant has 22 data centres across the globe. The only hub for the company in the Asia-Pacific area is Singapore, where data on Indian consumers of Meta products is maintained.
小編點評： 據《經濟時報》報導，Facebook、Instagram和WhatsApp的母公司Meta Platforms計畫在印度Reliance Industries Ltd位於清奈的園區內建立首個資料中心。此舉凸顯了Meta對印度市場的承諾，旨在通過在全國部署多個節點，特別聚焦於其用戶最多的印度市場，以提高數據處理效率。
ICEA in talks with fund houses to establish an exchange for high tech India firms
ICEA與基金公司討論設立印度科技公司交易所
The electronics industry is in the initial stages of negotiations with fund houses to establish a secondary market, potentially modeled after the STAR Market of the Shanghai Stock Exchange. Touted as Shanghai’s Nasdaq, the SSE STAR Market gives Chinese companies operating in high-tech and strategically growing sectors better access to capital markets. The establishment of this kind of exchange in India coincides with the government’s goal to produce electronics worth $1 trillion over the next five years.
India Cellular & Electronics Association (ICEA), a trade association for the electronics sector, is spearheading the discussions.
According to CEA founder Pankaj Mohindroo, these are relatively new industries, and ICEA has already begun speaking with fund houses. He declined, however, to identify the funders with whom they were negotiating.
小編點評：印度手機暨電子協會（ICEA）受到上海證券交易所的科創板的啟發，開始與基金公司洽談，以建立一個高科技印度公司的二級市場，。這一舉措符合印度政府未來五年生產價值1萬億美元的電子產品的遠大目標，表明了產業與政府對加強新興科技產業資本獲取的共同努力。
PLI schemes draw more than Rs 1.06 lakh crore in investments till December
生產連結獎勵計畫至12月只吸引超過1.06萬億盧比的投資
According to official data, investments under production-linked incentive (PLI) schemes for 14 industries have drawn over Rs 1.06 lakh crore till December 2023, with solar modules and pharma making up about half of the total.
Up until December of last year, the IT hardware, auto and auto component, textile, and ACC battery storage sectors showed a poor response to the schemes.
With an investment of Rs 1.97 lakh crore, the government unveiled PLI schemes in 2021 for 14 sectors, including telecommunication, white goods, textiles, medical device manufacturing, cars, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma.
小編點評：截至2023年12月，印度的生產連結獎勵計畫（PLI）計畫吸引了逾1.06萬億盧比的投資，涵蓋14個產業，其中太陽能模組和製藥業佔總額近一半。然而，截至去年12月底，IT硬體、汽車、紡織和ACC電池儲存等行業對這些計畫的反應較為冷淡，儘管政府在2021年在各個行業推出了總額1.97萬億盧比的PLI計畫.
RRP Electronics to invest Rs 5,000 crore in a semiconductor facility
RRP電子公司將投資500億盧比設立半導體廠。
RRP Electronics, a company backed by Sachin Tendulkar, revealed plans on Tuesday to invest Rs 5,000 crore in a semiconductor facility located in Maharashtra. This investment will be spread out over the next five years. While the specifics of Tendulkar’s contributions and other stakeholders remain undisclosed, the announcement highlighted the unveiling of a 25,000-square-foot facility in Navi Mumbai on March 23. The inauguration ceremony featured notable figures such as Tendulkar, retired nuclear physicist Anil Kakodkar, and the company’s founder, chairman, promoter, and chief executive Rajendra Chodankar.
The newly unveiled facility operates as an outsourced semiconductor assembly and testing (OSAT) facility. Future plans include the establishment of a comprehensive research and development center alongside an expanded setup integrating a fab foundry and multi-line OSAT capabilities.
小編點評：RRP Electronics, 由Sachin Tendulkar領導，計劃在接下來的五年內在馬哈拉施特拉邦投資500億盧比興建一個半導體廠。3月23日在Navi Mumbai揭開的一個佔地25,000平方英尺的設施標誌著這一雄心勃勃的企業的開始，計劃進一步擴展，涵蓋全面的研發、晶圓廠和多線OSAT能力。
Domestic startups facing increased scrutiny from income tax authorities
本土新創公司受到所得稅機關加強審查
In recent weeks, several emerging ventures in the new economy realm, particularly within the fintech sector, have found themselves served with income tax notices, as disclosed by informed sources. These notices, issued under Section 68 of the Income Tax Act, amalgamate the investments received by these startups with their earned income, resulting in the imposition of taxes and penalties on the combined sum.
Under Section 68 of the I-T Act, if a company fails to adequately elucidate the nature and origins of its received funding, authorities reserve the right to tax the capital raised in conjunction with the startup’s earnings for the pertinent year. Conversely, these tax obligations are rescinded if the company provides a satisfactory account and submits the requisite documentation. Typically, startups recognized by DPIIT are not subjected to such rigorous scrutiny.
小編點評：在一個令人擔憂的趨勢中，印度國內新創公司，特別是金融科技領域的企業，正面臨著來自所得稅機關的加強審查，他們根據《所得稅法》第68條發出通知書。 這些通知將新創企業所收到的投資與其所得收入相結合，若未提供充分文件以證明資金來源，可能會導致稅款和罰款的產生。過往被DPIIT承認的新創企業免於此類審查。