Archive for ‘Chindia Alert’

18/12/2014

Birla Said to Plan $1 Billion Aluminum Exports: Corporate India – Businessweek

Hindalco Industries Ltd. (HNDL), owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.

Overseas shipments may triple to as much as 400,000 metric tons in the 12 months ending March 31 from the previous year, said two people, who asked not to be identified because they aren’t authorized to speak to the media. The Mumbai-based company had exported less than half the target as of the middle of last month, the people said.

Stricter emission norms in the U.S. and Europe are prompting vehicle makers to choose the lighter alloy over steel, helping the owner of the world’s largest supplier of aluminum sheets to carmakers boost overseas sales and counter a domestic slowdown. The additional demand will aid Hindalco revive profit growth after five straight quarters of decline and find a market for its new capacity.

via Birla Said to Plan $1 Billion Aluminum Exports: Corporate India – Businessweek.

18/12/2014

India Power Lines to Get $1.2 Billion German Revamp With KfW – Businessweek

German state-owned bank KfW Group will spend 1 billion euros ($1.2 billion) to refurbish India’s electricity network for carrying more renewable energy from sources such as solar and wind.

KfW agreed to loan Power Grid Corp of India Ltd. 500 million euros to build new power lines and signed deals with India’s government for two loans totaling 125 million euros for grid projects in Rajasthan and Tamil Nadu, it said today in an e-mailed statement. The deals are part of a support package of 1 billion euros, it said.

“Demand for power in India is rising unremittingly,” said Norbert Kloppenburg, a KfW board member. “The expansion of transmission is the task of the moment because of the great potential of renewable energies.”

via India Power Lines to Get $1.2 Billion German Revamp With KfW – Businessweek.

18/12/2014

China Plans to Dethrone King Coal – Businessweek

China is, by far, the largest consumer of coal worldwide. In 2011, China accounted for nearly half the coal burned globally, according to data compiled by the U.S. Energy Information Administration. China is also the world’s largest emitter of greenhouse gases that cause global warming. That’s the bad news.

China's Coal Demand May Peak Before 2020

The good news is that China’s coal usage is “very likely to peak before 2020,” according to a report (PDF) published by the National Bureau of Asian Research (NBR). The author, Li Zhidong, a professor at Nagaoka University of Technology in Japan, examined data from China’s National Bureau of Statistics to find that the country’s appetite for coal is rising at a dramatically slower rate today than a few years ago. In 2011, China’s coal usage jumped 9 percent; last year, it rose only 2 percent.

Several factors are behind the trend. The first is simply that China’s manufacturing sector has slumped, meaning that factories required less additional electricity.

A more lasting factor, however, is that China’s push to expand renewable energy usage has made coal account for a declining share of power generation. In 2010, coal-fired power plants supplied 75.6 percent of China’s electricity; that dipped to 73.3 percent by 2013. Whether or not the economy picks up, the share of coal power is likely to continue to decline. In just the past three years, China has busily installed new dams, windmills, solar panels, and nuclear plants, adding 64 gigawatts of hydropower, 46 Gw of wind power, 15 Gw of solar power, and 4 Gw of nuclear power, according to NBR.

via China Plans to Dethrone King Coal – Businessweek.

18/12/2014

India’s tech opportunity: Transforming work, empowering people | McKinsey & Company

Millions of Indians hope for a better future, with well-paying jobs and a decent standard of living. To meet these aspirations, the country needs broad-based economic growth and more effective public services. Technology can play an important role in enabling the growth India needs. The spread of digital technologies, as well as advances in energy and genomics, can raise the productivity of business and agriculture, redefine how services such as healthcare and education are delivered, and contribute to higher living standards for millions of Indians by raising education levels and improving healthcare outcomes.

India’s tech opportunity: Transforming work, empowering people

Empowering technologies in India

McKinsey’s Noshir Kaka and Anu Madgavkar discuss how India could transform its economy by employing 12 technologies.

A dozen empowering technologies

A new McKinsey Global Institute (MGI) report identifies a dozen technologies, ranging from the mobile Internet to cloud computing to advanced genomics, which could have a combined economic impact of $550 billion to $1 trillion a year in 2025. The selection of the 12 technologies for India was based on a similar process established by MGI’s earlier work on disruptive technologies.1 For India, we used additional criteria to identify the technologies that would have a direct impact on the country’s economic and social challenges in the coming decade. As a result, we include technologies such as electronic payments, which are well established in other parts of the world but not well developed in India. By 2025, however, electronic payments could help 300 million Indians join the country’s financial system.

We group the 12 technologies into three areas: digitizing life and work, smart physical systems, and energy technologies:

digitizing life and work—the mobile Internet, the cloud, the automation of knowledge work, digital payments, and verifiable digital identity

smart physical systems—the Internet of Things, intelligent transportation and distribution systems, advanced geographic information systems (GIS), and next-generation genomics

energy—unconventional oil and gas (horizontal drilling and hydraulic fracturing), renewable energy, and advanced energy storage

Each of these technologies has the potential for rapid adoption in India between now and 2025 (exhibit) …

via India’s tech opportunity: Transforming work, empowering people | McKinsey & Company.

16/12/2014

India’s Senseless Ban on Uber: Rape Is the Real Problem – Businessweek

The alleged rape of an Uber passenger by her driver in New Delhi on Friday and his arrest over the weekend is another sad chapter in India’s ongoing battle with violence against women. While official statistics suggest the country witnessed 25,000 rapes in 2012, survey evidence suggests numbers perhaps 10 times as high.

Police escorting the hooded Uber driver following his court appearance on rape charges

The government’s response to the incident was to immediately ban Uber operations in Delhi. Alhough this might offer a welcome sign of political commitment to tackle violence, it doesn’t make sense. The police in India have been accused of multiple rapes, and tourists have been raped on a train and in a traditional Delhi taxi this year; the government has not shut down the police force, the railways, and traditional taxi services. It has singled out Uber, perhaps more because it is a high-profile, politically weak service than because of any risks riders may face.

In fact, there are good reasons to think Uber can provide a safer experience than India’s traditional transportation options do. Unlike the vast majority of rape cases in the country, the alleged perpetrator in the Uber case was arrested within hours of the incident. That’s not a surprise: Uber’s procedures guaranteed that there was considerable information available on the suspect. The company provided police with the name, age, and photo of the driver, along with his bank verified address, car details, and trip and route data. That’s a much higher level of knowledge than passengers have when they hail a cab off the street.

via India’s Senseless Ban on Uber: Rape Is the Real Problem – Businessweek.

16/12/2014

Logistics Hold India’s E-Commerce Companies Back – Businessweek

Laxminarayan Krishnamurthy figured a Samsung (005930:KS) Galaxy Core 2 smartphone would make a perfect gift for his wife. So he ordered one from New Delhi-based e-retailer Snapdeal.com. When the package arrived, it contained a brick and a bar of soap but no phone. When he contacted the company, Krishnamurthy was told the phone was stolen by unscrupulous middlemen transporting the package. So he took his complaints to Facebook (FB).

Logistics Are Holding India’s E-Commerce Companies Back

“Had ordered a samsung mobile through snapdeal and we got a soap bar!!!” Krishnamurthy wrote. “The worst customer service ever received!!! Beware of snapdeal guys!!”

Anjana Swaminathan, a Snapdeal spokeswoman, didn’t respond to a request for comment.

via Logistics Hold India’s E-Commerce Companies Back – Businessweek.

16/12/2014

China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ

When a unit of North Carolina’s Curtiss-Wright Corp. won a roughly $300 million deal in 2007 to supply components for new reactors in China, industry officials trumpeted China’s nuclear boom as good for U.S. business.

Today, Chinese companies are competing for that business—and foreign companies risk getting left out. Meanwhile, Curtiss-Wright’s contract is caught up in a legal dispute, while Chinese authorities blame the company in part for the delay of a landmark nuclear project. As the WSJ’s Brian Spegele reports:

U.S. and other foreign companies are now struggling to keep their hold in China, the industry’s biggest growth market and a rare bright spot more than three years after the Fukushima disaster in Japan put many of the world’s nuclear projects on hold. Yet China is increasingly turning to local companies to build crucial parts for multibillion-dollar nuclear projects, a result of Chinese industrial nationalism and frustration over U.S. supplier problems.

With the global nuclear industry focused on China, the Chinese government has used the heft of its huge market to secure transfers of key technology and gradually localize production. In the process, China is achieving a political aim to source sensitive manufacturing at home and satisfying a practical need to avoid complications posed by faraway suppliers.

One of those supplier issues has surfaced in eastern China’s Zhejiang province, where Pennsylvania’s Westinghouse Electric Co. is building the first of four of its most advanced, commercially available reactor, the AP1000, in China. Local authorities blame two-year delays in part on quality problems related to Curtiss-Wright. In a written statement, Curtiss-Wright said it has “refined and improved our design processes” as a result.

Still, despite the challenges, opportunities remain for international providers, said Rosemary Yeremian, president of Strategic Insights Inc., a Toronto-based consultancy. China is new to the global nuclear stage, and partnerships bring quality and other assurances, she said.

via China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ.

16/12/2014

China jails businesswoman in railway graft case for 20 years | Reuters

A court in China sentenced a well-known businesswoman to 20 years in jail for corruption on Tuesday, saying the woman with ties to a disgraced former railways minister was guilty of bribery and illegally running a business.

Ding Yuxin, also known as Ding Shumiao, helped 23 businesses win railway construction contracts and funnelled 49 million yuan (£5 million) worth of kickbacks to former railways minister Liu Zhijun, state media has previously reported.

She also “offered sexual favours to Liu by arranging an unidentified number of women for him”, the official China Daily reported last year.

In a brief statement on its microblog, a Beijing court said the evidence in the case against her was clear, ordering she also pay a fine of 2.5 billion yuan and have assets worth 20 million yuan confiscated.

It gave no other details.

via China jails businesswoman in railway graft case for 20 years | Reuters.

15/12/2014

China Breaks India Monopoly on Nepal Economy as Investment Grows – Businessweek

In the dusty outskirts of Kathmandu, south of the Himalayan mountain range that holds the world’s highest peaks, Chinese engineers in orange hard hats oversee construction of Nepal’s first eight-lane highway.

Highway Construction

The $45 million upgrade of a road circling the Nepalese capital is one of dozens of projects helping China challenge India’s dominance in a country that is sandwiched between them. Until recently, the Himalayas served as a natural barrier that prompted Nepal to trade more across its flat border with India.

“China is growing in importance,” Ram Sharan Mahat, Nepal’s Finance Minister, said in a Dec. 4 interview in Kathmandu. “Because of new trade horizons and the cheap pricing of Chinese goods, Chinese trade vis-a-vis Nepal is growing.”

via China Breaks India Monopoly on Nepal Economy as Investment Grows – Businessweek.

15/12/2014

This Is What India’s Radio Cabs Are Doing to Make Women Safer – India Real Time – WSJ

Indian authorities and radio taxi operators in the national capital have stepped up security measures to ensure passenger safety in the aftermath of an alleged rape of a female passenger by a driver contracted to the international car booking service Uber Technologies.

Transport authorities in New Delhi have ordered radio fleet taxi companies and web-based operators to submit database of their drivers whose credentials need to be checked and have asked them to come up with a revised safety plan to be put in place by early next year, a Delhi police official, who did not wish to be named said Monday.

“A list of around 20,000 drivers has been submitted so far out of which the background details of more than 10,000 still need to be verified,” he said.

Last week, Delhi’s transport department barred Uber from operating its ride-hailing system in the national capital until it got the proper licenses. Uber on Thursday said it would suspend its service in the capital while it reviewed its screening processes. The department had stated that only six registered radio taxi companies would now be allowed to continue operating in New Delhi.

The cab operators in New Delhi, for their part, said they have certain safety rules in mind that they would submit by Dec. 31 to the transport department.

via This Is What India’s Radio Cabs Are Doing to Make Women Safer – India Real Time – WSJ.

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