New Delhi, Feb 20 (IANS) The Centre’s Production Linked Incentive (PLI) Scheme has succeeded in attracting investments of over ₹2.16 lakh crore in the manufacturing sector and created more than 14.39 lakh direct and indirect jobs as on December 31, 2025, according to a statement issued by the Ministry of Commerce and Industry on Friday.Cumulative sales of manufacturing units set up under the scheme exceeded Rs 20.41 lakh crore, while total exports crossed Rs 8.3 lakh crore. The government ha…
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New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that the interim trade deal between India and the United States is likely to become operational in April this year.Meanwhile, a three-day meeting between Indian and US officials to finalise the legal text for the interim trade agreement will begin in the US on February 23.The minister also said that India’s free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April, while in the case …
New Delhi, Feb 19 (IANS) India’s recent interim trade agreement with the United States, which resulted in a reduction in US tariffs, is being increasingly seen worldwide as reflecting New Delhi’s strategic autonomy in taking decisions that are in national interest.“India’s response, which is seemingly rooted in a deliberate policy of strategic autonomy, reveals a pragmatic approach that prioritises national interest without surrender, as many pundits had suggested,” according to an art…
New Delhi, Feb 18 (IANS) Prime Minister Narendra Modi on Wednesday shared an article authored by President Aleksandar Vucic of the Republic of Serbia, in which the Serbian leader reflects on artificial intelligence, India’s growing role in the global AI ecosystem, and his personal admiration for the country. Taking to the social media platform X, the Prime Minister described the piece as both insightful and warm in its tone towards India.“A fine article by President Aleksandar Vučić of the…
New Delhi, Feb 16 (IANS) While India has diversified its energy basket and started sourcing more oil and gas from the US, it is also diversifying its import basket for precious metals from the UAE so that it can purchase more gold and silver from the US market instead, a senior official said.This will help to bring down prices and also the trade surplus with the US.The United States is a major global hub for trading these precious metals. It exports significant amounts of gold (including waste/s…
New Delhi, Feb 16 (IANS) The 6.15 per cent growth in overall exports during April-January 2025-26 is a positive and reassuring indicator of the inherent strength and competitiveness of Indian industry, the Federation of Indian Export Organisations (FIEO) said on Saturday.India’s overall exports during the period rose to $720.76 billion, as compared to $679.02 billion in the corresponding period of the previous fiscal.Merchandise exports stood at $366.63 billion, registering a growth of 2.20 pe…
New Delhi, Feb 12 (IANS) Several parliamentarians on Thursday welcomed US Ambassador to India Sergio Gor and congratulated him on the recently announced India-US interim trade agreement, describing it as a significant step in strengthening bilateral ties.Member of Parliament and former Foreign Secretary Harsh V. Shringla shared photographs of the interaction on X, showing the envoy being received at an event decorated with Indian and American flags. The gathering featured discussions on the cont…
New Delhi, Feb 9 (IANS) The India-US Bilateral Trade Agreement (BTA) marks a major milestone in India’s global trade engagement, securing sustained preferential access for exports in the US market valued at over $30 trillion, according to an official statement issued on Monday.The agreement delivers comprehensive tariff rationalisation, zero-duty access across large product categories, enhanced digital and technology cooperation, and a carefully calibrated framework to safeguard India’s farm…
New Delhi, Feb 7 (IANS) Health industry leaders on Saturday welcomed the interim agreement on the bilateral trade deal between India and the US.As part of the interim framework, the US will slash reciprocal tariffs on Indian goods to 18 per cent. The US will also remove the reciprocal tariff on generic pharmaceuticals, among other sectors like gems and diamonds, and aircraft parts. Although full details are yet to emerge, the interim India-US trade deal framework indicates that India has receive…
New Delhi, Feb 7 (IANS) India and the US have reached a framework for an interim agreement regarding reciprocal and mutually beneficial trade, which will include additional market access commitments and support more resilient supply chains.As part of the pact, the US will also tariffs on certain aircraft and aircraft parts of India imposed to eliminate threats to national security found in Proclamation 9704 of March 8, 2018.Similarly, consistent with US national security requirements, India will…