New Delhi, March 18 (IANS) The US sees China’s dominance of rare earth minerals, which are critical inputs required for electronic products, defence hardware and electric vehicles, as a major challenge. Ironically, senior officials also realise that America itself is responsible for having allowed the technology and production of these critical minerals go into China’s hands.A report in US news portal Defense One highlights that Washington itself transferred the technology to China in order …
Latest Manufacturing News & Updates
Bengaluru, March 17 (IANS) India’s office market is poised to sustain its growth trajectory this year, with Grade A demand projected at 70-75 million square feet and new supply at 60-65 million square feet, a report showed on Tuesday.Global capability centres (GCCs) have evolved from traditional back-offices to innovation-driven, domain specialised, technologically integrated centres and are set to drive 30-35 million sq ft of leasing in 2026, accounting for 40-50 per cent of the Grade A offic…
New Delhi, March 12 (IANS) India has emerged as one of the most dynamic economic success stories of the 21st century, transforming from a developing nation into one of the world’s fastest-growing major economies, a report has said. Over the past two decades, strong economic expansion, rapid digitalisation and growing global influence have helped the country play an increasingly important role in shaping the global economy, a report by News.AZ.According to international financial institutions a…
Washington, March 11 (IANS) President Donald Trump used an Oval Office interview with the All-In Podcast to showcase his redesign of the White House, defend his changes to the Rose Garden, announce plans for a new ballroom, and pivot quickly to a broader pitch on tariffs, artificial intelligence, and manufacturing. Calling it the “new and improved Oval Office,” Trump said he had personally selected paintings now hanging in the room, many of them drawn from White House vaults. “I pick…
New Delhi, March 10 (IANS) The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) has completed two years since its signing, with the government on Tuesday highlighted that the pact is strengthening cooperation in trade, investment, services and technology.The agreement, which came into effect on October 1, 2025, is expected to deepen India’s economic ties with the EFTA member countries — Iceland, Liechtenstein, Norway and Switzerland …
Thiruvananthapuram, March 7 (IANS) In a rare interaction between political leadership and the state’s technology community, Congress leader Rahul Gandhi on Saturday engaged with IT professionals, startup founders and technocrats at the Technopark campus here, calling for a stronger focus on skills, innovation and manufacturing to secure India’s economic future.The discussion, titled “Technology, Innovation and Opportunity,” drew around 200 invited IT professionals, including software eng…
New Delhi, March 7 (IANS) Artificial intelligence (AI) has the potential to contribute $135.6–$149.9 billion to the value creation journey of manufacturing MSMEs by 2035 — under a scenario where MSMEs account for 50 per cent of India’s gross manufacturing value added, a report showed on Saturday.According to the joint report by PwC India and the Observer Research Foundation (ORF), if India succeeds in increasing manufacturing’s share of GDP to 25 per cent, and MSMEs raise their contributio…
Washington, March 5 (IANS) President Donald Trump has said the United States had taken a clear lead over China in artificial intelligence while accusing Beijing of dominating the global wind turbine market and dumping the equipment in Europe. Speaking during a White House roundtable on the ‘Ratepayer Protection Pledge’ on Wednesday (local time), Trump said the United States was ahead in the race to develop advanced artificial intelligence infrastructure.”The United States is leading the world in…
Bengaluru, March 4 (IANS) Union Minister for Heavy Industries and Steel H.D. Kumaraswamy on Wednesday held a key meeting with office-bearers and industrialists of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) to discuss the promotion of the electric vehicle (EV) industry in Karnataka and the creation of supporting infrastructure in the state. The meeting was held at the minister’s office in HMT Bhavan in the city, where detailed discussions took place on the vast opp…
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…