New Delhi, July 25 (IANS) The India-UK free trade agreement (FTA) can help bilateral trade trajectory expand from $58 billion in 2025-26 to $115 billion by 2030, along with the possible creation of 7-10 lakh new employment opportunities, according to a new Assocham study.The India-UK FTA, which is now in force since July 15, 2026, is expected to expand business horizons via increased market access and create new employment opportunities for the young population, said the study by Assocham Global…
Latest Pharmaceuticals News & Updates
New Delhi, July 24 (IANS) President Droupadi Murmu on Friday urged Romanian companies to actively participate in India’s growth story as the country has emerged as the world’s fastest growing economy, offering immense opportunities for international partnerships, investment and technology collaboration.Addressing the India–Romania Business Forum at Bucharest, the President said that Romania, with its strategic location at the crossroads of Europe, highly skilled human resources, advanced i…
New Delhi, July 23 (IANS) The Central government’s Technology Development Board (TDB) has approved 22 projects with a total project cost of Rs 4,744 crore, extending RDIF support of Rs 2,192 crore to them, the Parliament was informed on Thursday.Biotechnology Industry Research Assistance Council (BIRAC) shortlisted another eight projects for support under the RDIF, involving an amount of Rs 390.35 crore, Union Minister Dr Jitendra Singh said in the Rajya Sabha.TDB and the Biotechnology Industry …
Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand’s Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.In an exclusive interview with IANS, Rouse said the recent elevation of India–New Zealand ties to a Strategic Partnership marks a h…
Mumbai, July 22 (IANS) India’s pharmaceutical sector dipped notably on Wednesday after US President Donald Trump outlined a phased tariff plan on imported generic medicines, fuelling concerns over the long‑term outlook for drugmakers that rely heavily on US sales.The Nifty Pharma index fell nearly 2 per cent in early trade, making it the worst‑performing sectoral index on the National Stock Exchange in early trade.The Nifty Pharma index fell 1.85 per cent to 25,610 against Nifty, down 169 …
New Delhi, July 22 (IANS) Analysts on Wednesday said that there would be minimal impact on Indian pharma companies supplying medicines to US market, as US President Donald Trump has announced plans to impose tariffs on generic drugs from 2028.Multiple Indian companies have subsidiaries in the US and there is considerable difference in the pricing at which goods are transferred to US market and then subsequently sold in US market. The tariff is presumably at pricing at which it enters US market.S…
Bhubaneswar, July 22 (IANS) The Odisha Government on Tuesday approved 23 major industrial projects worth Rs 4,573.87 crore with the potential to generate 22,873 employment opportunities across the state, marking another significant step towards achieving the vision of ‘Samruddha Odisha’ by 2036. The projects received clearance at the 148th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg.“The approved projects represent a diverse mi…
Skopje, July 21 (IANS) Terming economic cooperation as an “important pillar” in ties between India and North Macedonia, President Droupadi Murmu on Tuesday announced that both nations have agreed to strengthen trade, investment and business-to-business collaboration. Addressing a joint press meet with North Macedonia counterpart Gordana Siljanovska-Davkova following their talks, President Murmu expressed confidence that her visit will open a new chapter in the bilateral ties. She expressed grati…
New Delhi, July 21 (IANS) The government’s Production Linked Incentive (PLI) schemes have attracted actual investments of more than Rs 2.40 lakh crore, generated over 14.15 lakh direct and indirect jobs, and enabled exports worth Rs 15.2 lakh crore across 14 key sectors as of March 31, 2026, Parliament was informed on Tuesday.In a written reply in the Lok Sabha, MoS for Commerce and Industry Jitin Prasada said the PLI schemes, launched with an approved financial outlay of Rs 1.91 lakh crore.The …
New Delhi/Bhopal, July 16 (IANS) Madhya Pradesh continued its push to attract investments as Chief Minister Mohan Yadav addressed industrialists and global investors in the national capital on Thursday. During the ‘Bharat Tex‑2026’ event and an interactive session on investment opportunities in Madhya Pradesh, the state received proposals worth Rs 20,193 crore. These commitments are expected to generate employment for around 27,592 people.Speaking at the session, CM Yadav assured investors…