Washington, Feb 12 (IANS) The United States has described Pakistan as “another important partner” in South Asia, outlining cooperation on critical minerals, trade and counterterrorism even as lawmakers highlighted regional tensions and the risks of instability. Testifying before a House subcommittee hearing on US policy in South and Central Asia on Wednesday (local time), Assistant Secretary of State for South and Central Asian Affairs Paul Kapur said Washington is working with Islamabad to …
Latest Global Supply Chains News & Updates
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
Washington, Feb 4 (IANS) US Secretary of State Marco Rubio on Wednesday said critical minerals will play a central role in Ukraine’s economic recovery after the war, arguing that access to and development of natural resources would be essential to rebuilding the country and securing lasting peace. “This war will end at some point,” Rubio said, adding that Ukraine would need to harness its resources once fighting stops. “And when it does, Ukraine needs to be able to harness all the resour…
Washington, Jan 30 (IANS) The US is positioning India as a key future partner in a new economic security framework aimed at securing global supply chains for artificial intelligence and advanced technologies, Under Secretary of State for Economic Affairs Jacob Helberg said on Friday. Speaking at the Hudson Institute, Helberg said Washington is preparing to expand its Pax Silica initiative. The effort is an economic security coalition focused on semiconductors, critical minerals, logistics and AI…
Seoul, Jan 5 (IANS) Hyundai Motor Group Executive Chair Euisun Chung said on Monday the artificial intelligence (AI)-driven industrial transition will create greater growth opportunities for the group, while calling for faster decision-making supported by clear and timely communication.In a pre-recorded New Year’s roundtable with senior executives, Chung said the group’s extensive data on “moving physical assets” such as vehicles and robots, along with its manufacturing process data, constitutes…
New Delhi, Dec 28 (IANS) India’s ambition to become a strong maritime power is no longer just a long-term goal — it is clearly visible along its 7,500-kilometre coastline. Ports that were once modest trade gateways are now busy hubs of economic activity, handling growing volumes of cargo and supporting India’s push for manufacturing, exports, and global competitiveness, as per India Narrative report.But as port activity expands, a critical question has come to the forefront: how can growth …