Washington, July 24 (IANS) India has emerged as a potential strategic partner in the United States’ effort to counter China’s dominance in global shipbuilding, with congressional witnesses identifying New Delhi alongside Japan and South Korea as part of a long-term allied strategy to diversify maritime industrial capacity away from Beijing.The issue came into focus during a hearing of the House Foreign Affairs Subcommittee on East Asia and the Pacific, where lawmakers and experts warned that Chi…
Latest Global Supply Chains News & Updates
Washington, July 24 (IANS) India will face a lower 10 per cent tariff under the Trump administration’s new Section 301 enforcement action on forced labour imports after the United States concluded that New Delhi had adopted a forced labour import prohibition during the course of the investigation, placing it in a more favourable category than dozens of other trading partners.The Office of the US Trade Representative (USTR) announced on Thursday that, at President Donald Trump’s direction, it is …
Washington, July 9 (IANS) India’s push to establish itself as a global manufacturing hub is beginning to pay off as international supply chains diversify, with the International Monetary Fund (IMF) saying on Thursday that it is already seeing tangible evidence of the shift, particularly in electronics manufacturing, while urging New Delhi to sustain structural reforms to maintain the momentum. Responding to questions at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Commun…
Guwahati, July 7 (IANS) The BRICS nations on Tuesday adopted the Guwahati Declaration, reaffirming their commitment to strengthen cooperation in combating illicit drug trafficking and transnational organised crime, with a strong focus on real-time intelligence sharing, digital technologies and coordinated law enforcement, officials said. According to an official statement, the declaration was adopted at the conclusion of the two-day BRICS Heads of Anti-Drug Agencies Meeting held in Guwahati unde…
Washington, June 30 (IANS) Canada sees India as the “most logical place” to diversify its trade and investment partnerships as countries rethink global supply chains amid geopolitical uncertainty, Canada’s Ambassador to the United States, Mark Wiseman said.Speaking at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, Wiseman said the changing global economic landscape had reinforced the need for countries to build more resilient and diversified partnerships without weakening e…
Washington, June 26 (IANS) The Trump administration said Friday that global supply chain vulnerabilities extend beyond China, arguing that governments should focus on reducing dependence on “single points of failure” to strengthen the global economy. Under Secretary of State for Economic Affairs Jacob Helberg made the remarks when asked by IANS whether India and the United States, both of which face challenges from China, could work together to address supply chain risks.”You know, we think abou…
Washington, June 26 (IANS) The Trump administration said it is strengthening security cooperation with Southeast Asian partners, particularly the Philippines and Vietnam, as it seeks to counter China’s growing military and economic influence across the Indo-Pacific.Michael G. DeSombre, Assistant Secretary of State for East Asian and Pacific Affairs, told the House Foreign Affairs Subcommittee on East Asia and the Pacific that Beijing’s actions in the South China Sea remained a major concern for …
New Delhi, June 22 (IANS) India today offers unique and unparalleled economic opportunities to the world, Commerce and Industry Minister Piyush Goyal said on Monday while highlighting Prime Minister Narendra Modi’s vision of positioning the country as a trusted global economic partner.Speaking at the Republic Summit 2026, Goyal said India’s growing role in global supply chains and its nation-first trade policies have made the country an increasingly attractive destination for businesses worl…
New Delhi, June 6 (IANS) The India-Nordic Summits have served as the institutional cornerstone of engagement, facilitating structured dialogue between New Delhi and the five Nordic countries and deepening cooperation in maritime security, the blue economy, and sustainable infrastructure.These are not ceremonial exchanges but a reflection of India’s calculated effort to embed itself in the ongoing reconfiguration of global supply chains across democratic economies, a report has stated.”For cent…
Washington, May 14 (IANS) India’s massive fertiliser purchases and subsidy-driven farm policies were cited repeatedly during a heated US Senate hearing this week as American lawmakers and farmers warned that global supply disruptions and soaring input costs were pushing US agriculture deeper into crisis. At the hearing of the Senate Agriculture Committee, witnesses said global fertiliser markets had become increasingly volatile due to geopolitical tensions, export restrictions and supply bottl…