Washington, April 30 (IANS) The Trump Administration is seeking to overhaul its defence industrial base and reduce reliance on adversaries, as lawmakers reviewed a sweeping budget proposal aimed at boosting domestic manufacturing and supply chains. At a congressional hearing on Wednesday (local time), Defence Secretary Pete Hegseth said the $1.5 trillion budget would “supercharge” production capacity and restore the country’s ability to build weapons systems at scale.He said the plan inclu…
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New Delhi, April 28 (IANS) Union Commerce and Industry Minister Piyush Goyal on Tuesday announced a three-year waiver on fees for all intellectual property (IP) registrations related to sports, in a move aimed at boosting innovation and strengthening India’s sports ecosystem.The announcement was made during the World Intellectual Property Day celebrations in the national capital, themed “IP and Sports: Ready, Set, Innovate!”.The fee exemption will cover all categories of IP, including trad…
New Delhi, April 28 (IANS) As India works towards transforming from a $3.7 trillion economy to a $30–35 trillion economy by 2047, manufacturing is expected to play a central role, with its share in GDP rising to at least 25 per cent from the current level of 16 to 17 per cent, an official fact-sheet said on Tuesday. In this context, India’s manufacturing strategy has increasingly focused on the development of integrated manufacturing hubs, spatial ecosystems that combine physical infrastruct…
New Delhi, April 27 (IANS) New Zealand’s Minister for Trade and Investment, Todd McClay, said that the FTA signed with India on Monday will be put before his country’s Parliament as early as tomorrow to fast-track the process so that it can come into force within this year.”We will start very, very quickly. We hope to have it enter into force before the end of the year, and then it will be fully implemented over about a seven-year period. Over the next few months, we will all be working very…
New Delhi, April 27 (IANS) Calling it a transformative step for inclusive growth, Prime Minister Narendra Modi on Monday said the newly signed India-New Zealand Free Trade Agreement (FTA) will unlock wide-ranging opportunities across key segments of society, from farmers and small businesses to startups and students.In a post on social media platform X, PM Modi described the pact as a ‘landmark moment’ in bilateral ties, emphasising that it reflects the deep trust, shared values and growing …
New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
New Delhi, April 26 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement on Monday, more than four months after concluding negotiations, with the deal expected to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Piyush Goyal and Todd McClay, marking a major step in strengthening economic ties between the two countries.The pact is aimed at doubling bilateral trade to $5 …
Washington, April 25 (IANS) India is stepping up engagement with the US Southeast as a strategic hub for trade and investment, with officials and industry leaders highlighting Atlanta’s logistics strength at a business roundtable.The April 23 meeting, hosted by the Consulate General of India in Atlanta in partnership with the US-India Business Council, the Federation of Indian Chambers of Commerce and Industry and the Metro Atlanta Chamber, brought together senior leaders from government, indu…
New Delhi, April 24 (IANS) Europe is losing its strategic autonomy as it is getting increasingly dependent on Chinese factories for goods, even for the Green Transition in energy that it is aiming for, according to an article.The article in Brussels Signal highlights that China now controls 80 per cent of the world’s solar panels, 75 per cent of the batteries, and 70 per cent of the electric vehicles, which represents “a total monopoly on the energy and mobility of the next generation”.”This i…
New Delhi, April 24 (IANS) AI engineering job postings in India grew 59.5 per cent year‑on‑year, higher than even US, UK, France, and Germany, as demand expands beyond traditional hubs into emerging cities, a report said on Friday.The report from LinkedIn said Bengaluru and Hyderabad remain leading metros for AI hiring, sustaining hiring momentum, while growth is extending into cities such as Vijayawada.Cities saw strong growth in AI engineering hiring, with Hyderabad up 51 per cent and Vija…