- Arvind's Newsletter
- Posts
- Arvind's Newsletter- Weekend edition
1. Global EV players are eying the nascent Indian market. After recent meeting between Musk and Modi there appears to be significant interest from Tesla to enter the Indian market and its plans are gathering speed.
The plan is to set up a factory in India with a yearly capacity of 5 lakh EV units. Prices could start from "as low as" Rs 20 lakh for a car, reports Economic Times. The government is hoping to put together a 'good deal' while maintaining a level-playing field. Tesla, too, has disclosed an ambitious plan to make EVs in India and use the country as a hub for exports. Let see on how this develops.
MeanwhileTesla battery supplier Panasonic in talks to set up plant in India in parallel, reports Business Standard. Tesla’s other supply chain partners are also scouting the Indian market.
At he same time Reuters reported that the world’s largest EV player by sales, China's BYD has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with local Indian company.
BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture. Let see how the Indian government responds or not to this proposal.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GTBEKHOPLNNGPHPQWFQD3QK6BM.jpg)
2.India’s third moon mission successfully launched. Chandrayaan-3 is due to reach its destination in late August. The country’s first effort, Chandrayaan-1, orbited the moon in 2008, studying its south pole for water. Chandrayaan-2 attempted to land a rover on the surface in 2019, but crashed because of a glitch in its braking system. If this latest effort, which has the same goals as the last mission, is successful, India will become only the fourth nation to make soft landing on the moon, after the United States, Soviet Union, and China. The U.S. named its first moon missions after a Greek god, Apollo, while China chose Chang’e, the goddess of the moon. India has been refreshingly direct: Chandrayaan translates as “Moon Craft.”
3.Cricket-Loving Billionaires Are Bringing Their Childhood Game to the US Major Leagues reports Bloomberg.
Anurag Jain has loved cricket his entire life, but after learning how much players made, he ditched his dream of making a career of it. These days, he’s the managing partner of Perot Jain, a venture capital firm he co-founded with Texas billionaire Ross Perot Jr. If things go to plan, Jain could have a far greater impact on the game than he ever could with a bat and ball. Jain is part of a group that includes influential, Indian-born business titans who are bringing the world’s second-most popular game to US audiences. Major League Cricket has also attracted Adobe CEO Shantanu Narayen, Microsoft’s Satya Nadella and Bollywood’s most famous actor, Shah Rukh Khan.
Meanwhile, Major League Baseball is planning promotions in India, with a focus on the rise of an Indian American prospect expected to be a first-round draft pick this weekend, hoping to access the traditionally cricket-mad Indian market.
4How common chemicals could help clean up global shipping
Global shipping is a big deal for the climate, accounting for 3% of the world’s greenhouse-gas emissions. Last week saw a big news announcement from the International Maritime Organization, the UN agency in charge of regulating the vessels that carry the goods we buy all over the world.
On July 7, the IMO agreed to new climate goals, setting a target date of “by or around 2050” to clean up the industry’s act and reach net-zero emissions. There are checkpoints too: emissions should be at least 20% below 2008 levels by 2030.
The shipping industry hasn’t had targets like this before. So how does it reach them? It’s more doable than you might think, MIT Review’s climate reporter Casey Crownhart explains. Read the full story below.
5.Left-brain thinking will destroy civilisation.
Dr Iain McGilchrist is a neuroscientist and philosopher who has amassed a huge following since the publication of The Master and his Emissary (2009), which sets out the idea that our society has become dominated by narrow left-brain thinking, while the wiser right-brain should properly be in charge. Long but worthwhile read from Unherd.
