IRL 0.00% 0.0¢ india resources limited

Make in India, page-13

  1. 4,695 Posts.
    lightbulb Created with Sketch. 295
    Problem is, its only Indians who believe in "Made in India", no one else can be bothered.

    "The world doesn’t want to “make in India,” because it is simply too painful. There’s bureaucratic red tape, a difficult land acquisition act, troublesome environmental legislation, a shortage of electricity, and a lack of water resources. The only thing India doesn’t seem to lack is labor, but that merely adds to the problem."

    "Let’s start with electricity. Almost one-third of the entire Indian population still has no electricity today. That is a whopping 400 million people – more than all of the United States and almost as many as the European Union in its entirety. Much of this has to do with a chronic shortage of coal –  a mineral that is responsible for as much as 70 percent of India’s total power output – and losses in transmission. The World Bank estimated that India lost as much as 21 percent of its produced electricity in 2011 through losses in transmission and pilferage – worse than countries like Gabon, Ghana and Senegal for the same year."

    "Part of the challenge, as the prime minister has often pointed out himself, lies within the government, not outside. If Modi can streamline the Indian bureaucracy and eliminate some of its excessive discretionary powers, then perhaps “make in India” could become reality."
 
watchlist Created with Sketch. Add IRL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.