Washington, June 19 (IANS) Two senior US senators from opposing political parties have urged the Trump administration to take stronger action against what they described as China’s continued currency manipulation, arguing that Beijing’s policies are distorting global trade and hurting American workers and manufacturers.In a letter sent to Treasury Secretary Scott Bessent following this week’s G7 summit in Evian, France, Democratic Senator Elizabeth Warren and Republican Senator Rick Scott called…
Latest Manufacturers News & Updates
Chennai, May 27 (IANS) The textile and apparel industry of Tamil Nadu is preparing for a major export push into European and British markets as upcoming free trade agreements are expected to improve competitiveness and reduce dependence on the United States market.Industry stakeholders believe the proposed trade agreements with the European Union and the UK could significantly expand India’s share in global textile exports by creating tariff parity with competing manufacturing hubs.Exporters s…
New Delhi, May 8 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) has extended conditional exemptions for the import of specified hermetic compressors used in air conditioning and refrigeration manufacturing till March 31, 2027, according to a notification issued by the Ministry of Commerce and Industry on Friday.The amendment, notified through the Air Conditioner and its related Parts, Hermetic Compressor and Temperature Sensing Controls (Quality Control) Amendment Ord…
New Delhi, May 5 (IANS) In a push to improve the business climate, the Delhi government has decided to discontinue periodic licence renewal for manufacturers, dealers and repairers under the Weights and Measures rules and replace it with a self-declaration-based approval system, an official said on Tuesday. The reform is part of Delhi’s Deregulation Exercise 2.0, which seeks to reduce compliance burden and rationalise regulatory frameworks across departments, said Industries and Food Supplies …
Coimbatore, April 13 (IANS) With the Tamil Nadu Assembly elections fast approaching on April 23, Tirupur’s textile hub — traditionally energised during poll season — is witnessing an unusual slowdown, as demand for election-related merchandise has dropped sharply this year. Manufacturers across Tirupur, long regarded as the backbone of election campaign material production, say evolving political strategies have significantly reduced orders. Parties are now focusing more on digital outreach …
New Delhi, April 1 (IANS) The Drug Controller General of India has stepped up regulatory surveillance against unauthorised sale and promotion of type 2 diabetes drugs also known as GLP-1 drugs, the government said on Wednesday.In recent weeks, 49 businesses were audited and inspected across the country, including online pharmacy warehouses, drug wholesalers, retailers, and weight loss clinics, an official statement said.These inspections spanned multiple regions across India and focused on ident…
Seoul, Jan 27 (IANS) Business sentiment in South Korea fell slightly in January, despite strong exports, due mainly to worsening sentiment in the non-manufacturing sector following the dissipation of year-end base effects, a central bank survey showed on Tuesday.The Composite Business Sentiment Index (CBSI) for all industries stood at 94 this month, down 0.2 point from December, according to the survey conducted by the Bank of Korea (BOK), reports Yonhap news agency.The index had risen for two c…
New Delhi, Jan 20 (IANS) The Centre has reduced the stock limits for jute traders and balers due to the sharp increase in jute prices in recent months, which are prevailing well above the minimum support price (MSP) for 2025-26, according to an official statement issued on Tuesday. The reduction in the stock limits has been announced to prevent hoarding and speculative practices in the trade of raw jute. The measure is aimed at increasing the availability of jute in the market to cool down the p…
Seoul, Dec 31 (IANS) The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed on Wednesday.The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Industrial technology workers refer to high-skilled em…