Helsinki, June 11 (IANS) External Affairs Minister (EAM) S Jaishankar on Thursday reviewed the progress of India-Finland Strategic Partnership on Digitalisation and Sustainability with his Finnish counterpart Elina Valtonen in Helsinki.“Good to meet FM Elina Valtonen of Finland today in Helsinki,” EAM Jaishankar wrote on X.“Reviewed the progress of our Strategic Partnership on Digitalisation and Sustainability. Discussed cooperation on start-ups, AI, semiconductors, critical minerals, quan…
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Seoul, June 9 (IANS) The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed on Tuesday.The real gross domestic product (GDP) rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The reading marked the strongest quarter…
Washington, June 3 (IANS) US Secretary of State Marco Rubio warned that China’s dominance of global critical mineral supply chains poses a growing threat to economic and national security, saying the United States is expanding partnerships worldwide to reduce dependence on Beijing for resources vital to advanced technologies, defence systems and industrial production.Speaking before the House Appropriations Subcommittee on National Security, Department of State and Related Programs, Rubio said t…
New Delhi, June 1 (IANS) The India-US partnership in semiconductors and artificial intelligence (AI), which got a fresh push during US Secretary of State Marco Rubio’s recent visit to India, has rapidly evolved from strategic dialogue to industrial execution. Anchored by the US-India TRUST Initiative and the PAX Silica Declaration, both nations are collaborating to build trusted tech supply chains, expand computational capacity, and establish joint R&D projects.The vision which was outline…
Mumbai, May 29 (IANS) Stressing the strategic importance of semiconductor manufacturing and related technologies, Padma Shri awardee Prof. Juzer Vasi said on Friday that semiconductors play a critical role not only in chip production but also across consumer electronics, defence systems, space technology and several other sectors vital to India’s growth and self-reliance.Speaking to IANS after being honoured with the Padma Shri in the field of Science and Engineering, Prof. Vasi said he was de…
Washington, May 29 (IANS) Treasury Secretary Scott Bessent declared the United States the world’s leading artificial intelligence power, arguing that China remains significantly behind as Washington seeks to maintain its technological edge in one of the most consequential strategic competitions of the century.”The US is the AI leader in the world,” Bessent said during a White House briefing.”We’re an AI superpower. China is second, they are trailing substantially.”The remarks reflect the Trump a…
New Delhi, May 28 (IANS) The Centre is moving ahead with plans to set up four critical mineral processing plants in Odisha, Gujarat, Telangana, and Maharashtra as part of the country’s strategy to enhance domestic capabilities in producing these key materials required for making semiconductors, electric vehicles, solar panels, hi-tech electronic goods and defence equipment.Speaking on the National Critical Mineral Mission (NCMM), Union Coal and Mines Minister G. Kishan Reddy noted that the Cen…
New Delhi, May 26 (IANS) India and the US on Tuesday signed a strategic agreement to deepen cooperation in critical minerals and rare earths which constitute key materials for making semiconductors, electric vehicles, solar panels and high-tech defence products.The pact comes in the backdrop of growing global concerns on China’s dominance over these critical inputs which gives the communist giant the power to disrupt global supply chains.The agreement was signed during the Quad Foreign Ministe…
Bengaluru, May 25 (IANS) BJP national president Nitin Nabin on Monday said India is creating unprecedented opportunities for youth under the visionary leadership of Prime Minister Narendra Modi through growth in the semiconductor sector, startups, digital innovation, and skill development initiatives. Addressing the “Dialogue with Young Minds” programme organised by Youth for Nation in Bengaluru, Nabin said India was achieving new milestones in emerging sectors and empowering the younger gen…
New Delhi, May 21 (IANS) US-India trade is entering a high‑growth phase and could reach $500 billion by 2030 driven by stronger supply chains, technology collaboration and deeper integration across manufacturing and services, a report said on Thursday. The report from KPMG in India and AMCHAM said bilateral trade has expanded steadily in recent years, with India’s cumulative exports to the US reaching $87.3 billion in FY26, accounting for 20 per cent of total merchandise exports.Electronics,…