Washington, April 23 (IANS) US Trade Representative Jamieson Greer mounted a strong defence of the Trump administration’s trade policy, telling lawmakers that tariffs and aggressive negotiations were beginning to deliver tangible gains for American workers and industry.Appearing before the House Ways and Means Committee, Greer said the administration’s approach marked a decisive break from past policies that, in his view, encouraged offshoring and weakened domestic manufacturing.“We’re exp…
Latest Manufacturing News & Updates
Bhubaneswar, April 21 (IANS) Odisha government’s State Level Single Window Clearance Authority (SLSWCA) on Tuesday approved as many as 18 industrial projects with a total investment of Rs 3,877.14 crore. According to an official statement, these industrial projects, approved during the 146th meeting of the SLSWCA, Odisha, chaired by Chief Secretary Anu Garg, are expected to generate 7,565 employment opportunities. The industries are proposed to be established across 11 districts, including Bal…
New Delhi, April 21 (IANS) In a bid to deepen business partnerships between the UK and India across innovation, manufacturing and technology-led sectors, the UK India Business Council (UKIBC) and T-Works Foundation signed a memorandum of understanding (MoU) on Tuesday.The MoU was signed in Hyderabad in the presence of Gareth Wynn Owen, British Deputy High Commissioner to Telangana, aimed at creating a streamlined pathway for UK companies to ideate, prototype and scale products within India’s f…
New Delhi, April 17 (IANS) India’s logistics sector is projected to touch $362 billion by FY30 from $246 billion in FY25, growing at a CAGR of 8 per cent over rising consumption, expanding trade, as well as cost optimisation and efficiency gains from key government schemes, a report said on Friday.The report from Brickwork Ratings projected freight volume to exceed 7,100 million tonnes by FY30 from roughly 5,000 tonnes in FY24, at a CAGR of 6.1 per cent.“Manufacturing, construction, e-commer…
New Delhi, April 16 (IANS) India’s role in Nepal’s progress will become increasingly crucial as the Himalayan nation prepares to graduate from least developed country (LDC) status in November 2026, a new report has said.Completion of connectivity projects and the full realisation of the Agreement for Long Term Power Trade will reduce Nepal’s trade deficit with India, the report from East Asia Forum said.While Nepal aims to strengthen manufacturing capacity and boost exports to ensure a “smoo…
New Delhi, April 16 (IANS) US tech giant Apple announced on Thursday that a record 30 per cent of material across all its shipped products in 2025 came from recycled content.The company has removed plastic from packaging and now uses 100 per cent recycled cobalt in Apple‑designed batteries, it said in a statement.The Cupertino-based company also uses 100 per cent recycled rare earth elements in all magnets. It also removed plastic from packaging, with Apple products now shipping in fibre-based…
Washington, April 16 (IANS) Tax exemptions on overtime and targeted relief for small businesses have emerged as key drivers behind the uptake of President Donald Trump’s tax cuts, according to the White House. US Treasury Secretary Scott Bessent told reporters at a news conference that the most widely used provision in the new tax framework was the exemption on overtime income, with more than 25 million filers claiming the benefit.He said the policy was designed to reward additional work. “I…
New Delhi, April 15 (IANS) India’s gig hiring landscape evolves from a volume‑led opportunity into a capability‑led ecosystem, with demand shifting toward enterprise‑led hiring, Tier‑2 talent hubs and high‑skill remote roles, a report said on Wednesday.The report from foundit talent platform said the broader monthly hiring market moderated in March, with the overall index down 5 per cent month‑on‑month and largely stable on YoY basis up 1 per cent.White‑collar gig jobs grew fro…
New Delhi, April 10 (IANS) India’s household gold holdings have surpassed the combined reserves of the world’s top 10 central banks and emerged as a significant but underutilised economic asset, a report has said.As per the industry body Assocham analysis, the sharp rise in gold prices during 2024-25 and early 2026 has pushed the value of gold held by Indian households to an estimated $5 trillion, making it one of the largest pools of private wealth globally.Highlighting the macroeconomic pote…
New Delhi, April 10 (IANS) The Office of the Prime Minister of India on Friday highlighted an IANS report on World Bank President Ajay Banga backing job creation as the core of development strategy and citing India’s cooperative model as an example of scalable growth.The story shared by PMO India on the social media platform X underscores the importance of employment-led growth and the global recognition of India’s development approach.Banga emphasised that development efforts must move beyo…