Melbourne, July 9 (IANS) Prime Minister Narendra Modi said on Thursday that India and Australia believe terrorism poses a serious challenge for the whole humanity and stressed that the two nations continue to have shared fight against it.Addressing a joint press meet with Australian counterpart Anthony Albanese following third Australia-India Leaders’ Summit in Melbourne, PM Modi said, “Today we held detailed discussions on many regional and international issues. India and Australia believe that…
Latest Supply Chains News & Updates
New Delhi, July 9 (IANS) India and Australia on Thursday announced a Partnership on Cyber, Critical Technologies and Supply Chains (PACTS) to deepen cooperation in these sectors and strengthen supply chain resilience by building on the 2020 Framework Arrangement on Cyber and Cyber Enabled Critical Technology Cooperation.”The PACTS aims to support our shared interest in national and regional security, empower our partners with greater digital choices, make critical supply chains more resilient, a…
Washington, July 9 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the United States to abandon its proposed across-the-board tariff on Indian imports, arguing that a targeted, evidence-based approach would be far more effective in addressing forced labour concerns than blanket duties covering all sectors. Presenting Indian industry’s position before a US Trade Representative (USTR) Section 301 hearing on Wednesday (local time), FICCI representative Poornima S…
Washington, July 8 (IANS) India argued on Wednesday that the U.S. Trade Representative’s proposed Section 301 tariff framework contradicts its own objective of eliminating forced labour by exempting certain products while seeking broad import restrictions on countries including India, urging Washington to pursue bilateral dialogue instead of sweeping trade measures. The argument was made by Dr. Brij Mohan of the Ministry of Commerce and Industry during a public hearing after a USTR official ques…
Washington, July 8 (IANS) India on Wednesday strongly opposed the proposed 12.5 per cent additional US tariff on its exports during a US Trade Representative (USTR) Section 301 hearing, arguing that the investigation lacks a legal and factual basis and warning that the proposed action would disrupt supply chains without advancing efforts to eliminate forced labour.Appearing before the USTR hearing panel, Dr Brij Mohan of the Ministry of Commerce and Industry said India objected to the proposed c…
New Delhi, July 5 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India’s exports to the UK.According to the latest notification from Finance Ministry that set out the rules, a product will qualify as originating in India or the UK if it is wholly obtained in either country, produced entirely from originating materials, or manufactured using non-originating inputs while meeting the product-spec…
New Delhi, July 2 (IANS) Marine Products Export Development Authority (MPEDA) concluded the second National Skill Olympiad on Seafood Value Addition during Seafood Expo Bharat 2026 in Kochi, bringing together ten trained seafood processing professionals who demonstrated culinary skills and technical expertise in preparing value-added seafood products, an official statement said on Thursday.In the run-up to the event, MPEDA conducted 50 Seafood Value Addition Training Programs across the east and…
Washington, June 30 (IANS) Senior US and Indian officials projected growing confidence in the India-US strategic partnership, saying a long-awaited bilateral trade agreement is nearing completion as the two countries deepen cooperation in artificial intelligence, semiconductors, defence manufacturing and resilient supply chains.The broad consensus emerged at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, where officials from both governments, lawmakers and business leaders …
Washington, June 26 (IANS) The Donald Trump administration on Friday identified India as a potential “comprehensive partner” under its Pax Silica initiative, saying the two countries are aligned on strengthening supply chains, expanding semiconductor cooperation, and reducing dependence on vulnerable manufacturing networks.After the launch of the initiative, Under Secretary of State for Economic Affairs Jacob Helberg said Washington sees significant opportunities to broaden technology and econom…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…