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PM Modi to visit Andhra Pradesh on Thursday, inaugurate development projects worth over ₹13,400 crore
MINT· 2025-10-15 17:10
Core Points - Prime Minister Narendra Modi will inaugurate and lay the foundation stone for development projects in Andhra Pradesh, focusing on sectors such as power, defence, railways, and petroleum [1][2] - The total investment for the projects in Kurnool is over ₹13,400 crore, covering multiple sectors [2][5] - The projects aim to enhance regional infrastructure, accelerate industrialisation, and drive socio-economic growth in Andhra Pradesh [6] Infrastructure Development - The Transmission System Strengthening at Kurnool-III Pooling Station will involve an investment of over ₹2,880 crore, increasing transformation capacity by 6,000 MVA [6][7] - The Orvakal and Kopparthy Industrial Areas will attract approximately ₹21,000 crore in investments and generate around 100,000 jobs [8] - A six-lane Greenfield Highway from Sabbavaram to Sheelanagar will be developed at a cost of over ₹960 crore to ease congestion in Visakhapatnam [9] Railway and Energy Projects - Key railway projects worth over ₹1,200 crore will be initiated, including the Kottavalasa-Vizianagaram Fourth Railway Line [10] - The Srikakulam-Angul Natural Gas Pipeline, costing approximately ₹1,730 crore, will enhance energy supply in the region [11] - An LPG bottling plant by Indian Oil, established at an investment of around ₹200 crore, will serve over 720,000 customers [12] Defence Manufacturing - The Advanced Night Vision Products Factory at Nimmaluru, established by Bharat Electronics Limited with an investment of approximately ₹360 crore, will manufacture advanced electro-optical systems for the Indian Defence Forces [13]
Botswana Seeks De Beers Control; Jumia Rides Trade War Tailwind | Bloomberg Next Africa
Youtube· 2025-09-27 05:00
Group 1: Ethiopia and the Grand Ethiopian Renaissance Dam (GERD) - The Grand Ethiopian Renaissance Dam, Africa's largest hydropower project, has been inaugurated with an estimated cost of $5 billion and aims to generate over 15,700 gigawatt hours annually, providing electricity to Ethiopia and neighboring countries [3][4][6] - Ethiopia anticipates significant economic impacts from the dam, including industrialization, with the industrial sector growing at an annual rate of 10% and energy demand from this sector increasing by 40% yearly [8] - The Ethiopian government aims to generate $1 billion annually from power exports, with current exports to Djibouti, Kenya, and Tanzania [8][9] - The dam has caused tensions with downstream countries Egypt and Sudan, which are concerned about reduced water flow and have called for a legally binding agreement on the dam's operation [5][12][14] Group 2: South-South Trade and Automotive Industry - The trade war initiated by Donald Trump has accelerated South-South trade, particularly between India and South Africa, with Indian automaker Mahindra expanding its presence in South Africa's Bakkie market [32][33] - South Africa's automotive industry faces challenges from imports, especially affordable vehicles from India and China, leading to concerns about potential job cuts in local manufacturing plants [36][43] - Mahindra's assembly plant in Durban has become a significant player in the market, producing nearly a thousand pickups each month, while Tata Motors plans to enter the South African market with SUVs [41][42] Group 3: E-commerce and Supply Chain Shifts - Jumia, Africa's largest e-commerce player, reports that shifting global supply chains are improving its ability to bring goods from China to Africa, with increased stability in currency aiding operations [44][46] - The trade tensions between China and the US have indirectly benefited Jumia by securing more supply for Africa as Chinese manufacturers adjust their markets [47] - Jumia focuses on e-commerce for physical goods targeted at the middle class in Africa, adapting its business model to the specific purchasing power of its markets [50][54]