What got achieved ?

What  got  achieved  ?

Today’s Times of India carries following news :

On anvil: Rs 30 lakh crore transport boost

Highlights of Estimated Investment in 5 years ( Rs Lakh * crore ) :

#  Transport  …………………………….. 30

#   Energy  ………………………………….20

#   Urban Infra and Housing …….. 12

#   Health  …………………………………   10

#   Defense  ……………………………..    9

#   Digital   …………………………………   7

#   Agriculture …………………………….  5

#   Mining and Metals  ……………….. 5

#   Education ……………………………..  1

#   Tourism  ……………………………..    1

============================

Total  ………………………………………….. 100

===========================

Key Areas :

#   High Speed Rail Corridors………… 10

#   Rivers to be interlinked …………… 37

#   Ports under Sagarmala……………  605

#   Plants to extract Biomass………. 5,000

#   Houses to get Subsidy …………… 2 CR

================================

Key Concerns :

[ A  ]

    Preparing “ Investment Estimates “ was never any serious problem for us

    5 years ago ( on 07 April 2014 ), I had made following estimates ,using BJP Manifesto of

    2014 (  Don't Ask " How " ?  )  :

   
------------------------------------------------------------------------------------

PROJECT   .................................... Approx Cost ( Rs Lakh * Crores  )

-------------------------------------------------------------------------------------

#  100 Mega Cities........................   90

#  Interlinking of Rivers..................  60

#  Sagar Mala of Ports....................  30

#  Highways ( 25,000 Km )..............  50

#  Housing ( 100 mill units )............   100

#  Rivers Cleaning..........................   10

#  Other Infra Projects....................    100

   * Freight Corridors

   * Gas Grids

   * OFC Network

------------------------------------------------------------------------------------

Total ..........................................Rs  430  Lakh Crores

------------------------------------------------------------------------------------

 

 [  B  ]

 In the current “ Sankalp Patra ( new name for Manifesto ) “ of BJP, there is no mention of precisely WHAT / HOW MUCH got actually achieved ( - a kind of REPORT CARD ) against whatever “ Physical  Targets “ were set in 2014, - and using HOW MUCH investment !

Simple Summary of Sankalp

[  C  ]

How are those funds going to be mobilized , considering that :

#   For the past 2 years, Private Investment has dried up

#   Govt is seriously considering reduction in Personal and Corporate Income Tax

#   Banks / Financial Institutions are plagued by huge NPAs and unwilling to give loans

#   Many bankers are under investigations and more are expecting !

To me, getting BLACK MONEY to get into PRODUCTIVE ASSETS , through AMNESTY SCHEME ( along the lines of Indonesia which last year managed to raise $ 342 Billion through such a Scheme ), seems the only way out !

Dear Narendrabhai :

Even RAMAYANA and MAHABHARAT are having incidences where Lord Rama / Krishna had to resort to ( apparently unethical ) MEANS in order to achieve ultimate GOOD !

=================================================

25  May  2019

hcp@RecruitGuru.com

40 GW : 70 GW : 300 GW : 800 GW

40 GW  :  70  GW  :  300 GW  :  800  GW

 Context :  Centre to invite bids for 40GW battery plants    

Highlights :

#     The government is considering a plan to establish battery making capacity of 40

       gigawatts (GW) 

#   Even for just FAME II EV targets, we will require 70 GW batteries in the next 3 years

#   With plans to add 175 GW of renewable energy generation capacity by 2022 and ensure

     that 30 % of India’s vehicles are electrically powered by 2030, the demand for battery

     storage is pegged at 300 GW

#   There will be 4 plants ( in 4 selected states ) of 10 GW capacity each ( totaling 40 GW )

#   Each 10 GW plant is expected to cost $ 10 Billion ( total of $ 40 Billion for 4 plants )

#   The Centre is exploring the opportunities on how to make battery manufacturing at

     giga-scale happen quickly and in the shortest possible time because that is the crux of

     the entire growth , be it Electric Vehicles or new and renewable energy sources

=====================================================

This is a very welcome initiative on the part of NITI Aayog

But I have following questions / concerns / reservations :

#   4 States are to be selected on the basis of the “ incentives “ that they will offer for

     setting up this project in their territory. 

If left “ open-ended “, this could well result into

     a quagmire of “ permutations / combinations “ , demanding comparison of Apples with

    Oranges ! 

There will be un-ending disputes re “ arbitrary and non-transparent “ selection

    process and references to Rafale deal ! 

These disputes will take months to resolve !

    It will be better if NITI Aayog prescribes a set of incentives with “ Minimum Cut off Limit “

    for each incentive , below which a State’s offer will be rejected

    Chosen states should be expected to enter into an MOU , under which they undertake to

    complete each activity ( Hand-over of land / Connecting the Power – Water  Supply /

    Issue of Construction Permissions / Exemption from labour laws / Exemption from

    Environment Pollution Act etc ) by specific dates

 

   

#   Private companies ( whether Domestic or Foreign ) bidding for the projects, must submit

     a PERT chart for the implementation of the project, and clearly list the “ Assumptions “

     that they have made in the preparation of the PERT chart . 

No bid should be considered

     without this

#  Bidding parties MUST clearly spell out in their bids , how much of the required FUNDS

    they will raise from each SOURCE

    This is a very crucial factor while selecting a party , considering that Banks / Financial

    Institutions / Equity Market , are all extremely reluctant to finance any Lithium-ion

    Battery Project since Battery selling prices are continuously falling by as much as 19 %

    per year !

   {  Projections :  2017 > $ 240/Kwh  //  2025  >  $ 109 / Kwh  //  2030  > $ 73 / Kwh  }

    This puts tremendous pressure on the revenue / profit stream !

#  If, neither the Private Sector has the money ( Rs 80,000 Cr per year , for 10 years in row

    ! ), nor is NDA 2.0, likely to find Foreign Investors to pump in such huge amounts by way

    of FDI  , then what is the solution ?

    As far as I can see, the only way to raise such huge amounts of LOW RISK ( - and LOW

   RETURN ) funds in a QUICK WAY, is concept of :

    Government to launch “ Battery Infra SPV “

·         Under Indonesia type “ Black Money Amnesty Scheme “ enable stashed away Black Money to come out in the official banking channel ( through deposits made in “ INFRA ACCOUNTS “ – like Jan Dhan Accounts ) . Remember , Indonesia managed to raise $ 342 Billions !

           Read :

    https://myblogepage.blogspot.in/2017/12/but-where-is-money.html

·         Such converted ( Black to White ) monies can only be invested in “ Battery Infra SPV “

Hoping for any other way to raise such HUGE amounts of “ Risk Free “  and  “  Interest Free “ funds , in such a short time , would only amount to  WISHFUL  THINKING  !

I hope someone has the courage to tell the public this terrible TRUTH !

It is time to forget all that senile talk of an AMNESTY SCHEME rewarding the dishonest tax-evaders and punishing the honest / middle class tax payers !

It is time to tell the people : If we want to eliminate air pollution and save 600,000 premature deaths per year , thenMeans are unimportant ;  Ends are  !

          

Releted Reading :

Mobility on the Move – Finally  ……………………….[ 09  March  2019 ]

India : Energy Storage Mission ……………………….[  04  Dec  2017  ]

Only electric 2-wheelers may be sold in country after 2025     [  24  May  2019  ]     

======================================================

25  May  2019

hcp@RecruitGuru.com

Who needs Fulfillment Centres [ FC ] ? Not Reliance Retail

Akhil Saxena, VP-Customer Fulfillment, Amazon India , says  :

“ We have more than 50 fulfillment centres across 13 States, with a combined storage space  close to 20 million cubic feet

We closed 2018, with  a 1.5 times growth in storage capacity from the previous year

Our fulfillment centre presence in India has grown from one in Bhiwandi when we launched Amazon.in , in June 2013 to 50 such buildings in the past 5 years “

[ source :   What's behind the sudden surge in demand for warehouse capacity ?      21  April  2019

For those 50 FC , this could translate into ,on an average of  400,000 sq ft floor-space area

Now , each such FC might have a “ Civil / Electrical Construction Cost “ of , an average of Rs 2,000 / sq ft

And, very likely, another Rs 2000 / sq ft for internal stacking arrangements / fork-lift trucks etc , taking the total cost to Rs 4,000 per sq ft

Rs 160 Cr for each of those FC ( Rs 4000 / sq ft x 400,000 sq ft )

Rs 8,000 Cr for those 50 FC

====================

But Reliance Retail thinks :

“ If we follow the rules of Amazon , then to cover entire India , we may need to construct / equip , may be , 100 FCs , costing Rs 16,000 Crore

And these may be 20 Km away from a customer ordering an item online

Why not treat each of the 4 MILLION Kirana shops , spread across the country as our FC ?

Each of these Kirana shop is , on an average , 20 ft x 20 ft ( =  400 sq ft  of floor space )

So , I get 400 sq ft ( per store ) x 4 Million stores = 1600 million sq ft of storage floor-space  - as against 20 million sq ft of floor space of Amazon’s 50 FC !

80 times of what Amazon has built , and without spending one rupee !

And, Reliance Retail tells those 4 Million Kirana store owners :

Dear Modiji, 

( in Gujarat, a Kirana Store owner is known as a “ Modi “ ) ,

#   I will arrange to deliver all of your SKU , directly from manufacturers, and on “ consignment basis “, so you do

     not need to pay anything

     No need for you to register as “ B2B bulk Buyer “ on  “ Amazon Business “ Business-to-Business online

    Marketplace

#   My system will relieve you of “ Inventory Carrying Cost “. That means, no blocking funds in working

    capital . Remember, for storing your goods in  Amazon FC , you pay a hefty “ Inventory Cost “

#   My delivery persons ( - and, someday soon , DRONES ), will pick up goods from your store . So, you need not

     pay any “ Delivery  Charges “ – as demanded by Amazon when you store your goods in its FC

#   Our hardware/software installed at your premises will take care of all GST formalities ( mentioning your GST

     number on invoices / charging GST amount / filing GST return etc ) . No need to worry on this count !

#   Even if your SKUs are only “ Food /  Grocery Items “, you don’t need to go to Amazon Retail India .

    Our Reliance Retail platform is designed to cater to such “ Roadside-Footpath Sellers “

     Our platform will also cater to anyone  operating from his / her home !

 

     This “ Reliance Jio GigaFibre “ based technology will enable millions of  “ Unemployed “ to become “ Self

     Employed “ 

  

   

    [ for full strategy, refer : MA = DA x 4,000,000 ?    ]

 

Related readings :

Weave a Wondrous World [ W3 ]  

Bypass E : Go from D to F 

Jio Hubs : Entrepreneurs Apply  

Re-defining Retail : Maini and Mukesh  

 

====================================================================================================

24  April   2019

Rsvp :  hcp@RecruitGuru.com

 

 

 

 

 

Congratulations , Dr Anil Sahsrabudhe

Congratulations , Dr Anil Sahsrabudhe

[ Chairman@aicte-india.org  /  anil.sahasrabudhe@gmail.com ]

What for ?

For taking a truly revolutionary step which will transform the “ Entrepreneur Eco System “ in   India

What step ?

AICTE ( All India Council for Technical Education ) just issued following directive to to all 10,400  technical institutes – including engineering colleges and universities :

#   Set up Incubation Centres ( compulsory )

#  Arrange frequent interaction of students and faculty members with industrialists,

    entrepreneurs, alumni and other key stakeholders , to inspire students to take up

    INNOVATION PROJECTS that can later be fleshed out into START UPS

[ source : https://www.dnaindia.com/india/report-incubators-mandatory-for-technical-institutes-aicte-2742298  ]

Any thoughts on how this directive should get translated into explicit ACTION PLAN ?

I urge Dr Sahasrabudhe to consider my following E mail , sent earlier to all  Policy Makers :

[  TEN MILLION ENTREPRENEURS ?     19  Oct  2015  ]

 

Extract :

 

Here is how we can produce a generation of ENTREPRENEURS , 5 years from now ( if we start NOW ) :

*   Introduce " Entrepreneurship " as an mandatory subject in High Schools

     and Colleges

*   Each such School / College to be " Adopted " by a Corporate ( CSR ? )

*   Each adopting Corporate will bear the full expense of running this

     course ( Teachers' Salaries etc )

*   Such expense to be tax-exempt ( or offset as Corporate CSR obligation )

*   Exams to be in the form of presentation by teams of final year students

     on,

    " HERE   IS   A   BUSINESS   I   PLAN   TO   START "

*   Presentations to be judged by Panels of Venture Capitalists / Angel

     Investors / Incubators etc

*   Winning teams ( 1st / 2nd / 3rd  prize ) , to be offered funds by the

     Panel Members ( as seen in some TV programs )

     Fund amounts should be small ( Max Rs 100 lakhs ) and preference to

     be given to projects involving healthcare / education / manufacturing /

     agriculture / food processing etc

*   Winning Teams , setting up Start Ups with these VC funds , to be

     encouraged to hire graduating students from the non-winning teams

    

     This " encouragement " to be in the form of reimbursement of salaries of

     such hires ( only such hires ), under  " Employment Generation Subsidy "

     from concerned State Government , where this Start Up gets registered ,

     since , employment is a State Subject

     Such Salary-reimbursements  will be for first 3 years of Start Up

    

To create an entire  GENERATION of ENTREPRENEURS , we need to start at the roots

Some years later , when this FIRST generation becomes parents of their own 10 year olds , those SECOND generation youngsters will have entrepreneurship in their genes !

This is one way of preparing a GM ( genetically modified ) Generation , to which , there ought to be all round support

 

=============================================

23  April  2019

Rsvp :  hcp@RecruitGuru.com