AGP Executive Report
Last update: 8 hours agoClean Energy Manufacturing: StarlinePS Enterprises will invest ₹160 crore in Celloraa Energy to set up a 1.2 GW DCR-compliant solar cell plant in Surat, pushing domestic supply for India’s renewables buildout. Rail & Mobility: Japan backed India’s 2027 push for commercial operations on priority Mumbai–Ahmedabad High Speed Rail sections, with both sides also pointing to wider high-speed corridor ambitions. Services Economy: HSBC’s India Services PMI slipped to a 17-month low in June (57.4), as new orders and hiring cooled while external demand stayed firmer. Food & Inflation: CareEdge projects food inflation around 6% in FY27, with a 41.5% monsoon rainfall deficit (June 1–29) raising agricultural risk. Urban Water & Infra: Mumbai’s lake storage rose to 8.93% amid heavy rains, but water tariffs may climb as the ₹11,166 crore Manori desalination project progresses. Power Sector: India allowed four Chinese-linked power equipment firms with local factories to bid for critical government tenders, rattling power-equipment stocks. India–Japan Tech/AI: IAMAI launched an AI Council of India to coordinate AI adoption, while India and Japan advanced AI cooperation and roadmap talks. Aviation Recovery: West Asia flight schedules from India are nearing pre-disruption levels, with July capacity rising versus June and April.
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