New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
Latest Supply Chains News & Updates
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
Washington, April 30 (IANS) The Trump Administration is seeking to overhaul its defence industrial base and reduce reliance on adversaries, as lawmakers reviewed a sweeping budget proposal aimed at boosting domestic manufacturing and supply chains. At a congressional hearing on Wednesday (local time), Defence Secretary Pete Hegseth said the $1.5 trillion budget would “supercharge” production capacity and restore the country’s ability to build weapons systems at scale.He said the plan inclu…
Bhopal, April 29 (IANS) A premier Centre of Excellence for Floriculture in Ujjain is planned strategically in anticipation of the upcoming Simhastha Kumbh Mela 2028, this facility will be developed on a identified 19-acre plot for which a formal proposal has already been submitted to the Central government. Madhya Pradesh Chief Minister Mohan Yadav on Wednesday announced the establishment of the centre during a departmental review where he also sanctioned the organisation of a dedicated “Mango F…
Washington, April 28 (IANS) US regulators have stepped up efforts to block illegal pesticide imports, including shipments linked to China, the head of the Environmental Protection Agency told lawmakers.EPA Administrator Lee Zeldin said the agency has made import enforcement a priority as it confronts what he described as unauthorised chemicals entering the US market.“We have pesticides that come in from out of the country… we have pesticides that get dumped here from China,” Zeldin told a …
Seoul, April 25 (IANS) President Lee Jae Myung returned home from his two-nation swing to India and Vietnam, where he focused on expanding strategic cooperation in energy and supply chains to address uncertainties stemming from the Middle East conflict.Lee wrapped up the six-day trip after holding summits with leaders of the two countries, aimed at deepening economic and strategic ties across various areas, reports Yonhap news agency.On Monday, Lee held a bilateral summit with Indian Prime Minis…
Washington, April 25 (IANS) India is stepping up engagement with the US Southeast as a strategic hub for trade and investment, with officials and industry leaders highlighting Atlanta’s logistics strength at a business roundtable.The April 23 meeting, hosted by the Consulate General of India in Atlanta in partnership with the US-India Business Council, the Federation of Indian Chambers of Commerce and Industry and the Metro Atlanta Chamber, brought together senior leaders from government, indu…
New Delhi, April 23 (IANS) Global economic conditions and sentiments have soured after the outbreak of the West Asia conflict, adversely impacting the growth-inflation outlook, Governor Sanjay Malhotra said in the latest RBI Bulletin on Thursday, adding that Central Bank would remain vigilant of the evolving situation and put in place policies that prioritise the best interest of the economy.The conflict in West Asia has intensified pressures on the global supply chains in March with some easing…
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…