New Delhi, Feb 3 (IANS) Leading industry chambers on Tuesday said the India-US trade deal will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.The US has immediately reduced reciprocal tariff on Indian goods from 25 per cent to 18 per cent, while waiving off the other 25 per cent tariffs imposed on the country for purchasing Russian oil.“The expected reduction of US-India tariffs to …
Latest Supply Chains News & Updates
Washington, Jan 30 (IANS) The US is positioning India as a key future partner in a new economic security framework aimed at securing global supply chains for artificial intelligence and advanced technologies, Under Secretary of State for Economic Affairs Jacob Helberg said on Friday. Speaking at the Hudson Institute, Helberg said Washington is preparing to expand its Pax Silica initiative. The effort is an economic security coalition focused on semiconductors, critical minerals, logistics and AI…
New Delhi, Jan 28 (IANS) Lithuania’s Ambassador to India, Diana Mickeviciene, has described the proposed European Union–India Free Trade Agreement (FTA) as a “historic” and transformative pact, calling it the “mother of all deals” for its scale, scope and geopolitical significance.Speaking to IANS in an exclusive interview Diana Mickeviciene expressed strong enthusiasm on behalf of Lithuania and the wider EU. She said the agreement goes far beyond a conventional trade arrangement.“…
New Delhi, Jan 24 (IANS) India is aiming to nearly triple its exports to $1.3 trillion by 2035 by pushing manufacturing-led growth through structural reforms and deregulation, rather than relying on heavy government spending, according to reports.The strategy marks Prime Minister Narendra Modi’s third major attempt to turn India into a global manufacturing hub and a key driver of world trade.The government is focusing on 15 priority manufacturing sectors, including high-end semiconductors, met…
New Delhi, Jan 21 (IANS) Experts in Pakistan have slammed the expansion of corporate farming and land acquisition, lamenting that such government schemes are displacing farmers and privatising land and water resources, particularly in Punjab and Sindh.A report in viacampesina.org detailed the outcome of the Pakistan Kissan Rabita Committee (PKRC) meeting in Lahore which announced nationwide mobilisation against corporate farming, land grabbing, and the deepening agrarian crisis.Around 170 delega…
New Delhi, Jan 12 (IANS) India will be invited next month to join Pax Silica, a US-led strategic technology initiative focused on semiconductors, artificial intelligence and critical supply chains, newly appointed US Ambassador to India Sergio Gor said on Monday.He said that India and the United States remain actively engaged on trade issues, with the next round of discussions expected shortly.Sergio Gor assumed charge in the national capital and said both sides are in regular contact as negotia…
New Delhi, Jan 12 (IANS) India and Germany on Monday signed several Memorandums of Understanding (MoUs) in the presence of Prime Minister Narendra Modi and German Chancellor Friedrich Merz, giving a fresh boost to their strategic partnership.Addressing a joint press conference, Prime Minister Modi said that bilateral trade between the two countries has crossed the $50 billion mark, reaching its highest level so far.“More than two thousand German companies have a long-standing presence in India…
New Delhi, Jan 10 (IANS) The India–Oman CEPA establishes a comprehensive framework covering trade in goods and services, investment, professional mobility, and regulatory cooperation, while maintaining a balanced approach to market access and safeguards — expected to boost bilateral trade, generate employment, strengthen supply chains, and support deeper and more sustained economic engagement between India and Oman, an official statement said on Saturday.Trade and commerce have been a key pil…
New Delhi, Jan 10 (IANS) India needs to further strengthen its renewable energy (RE) ecosystem and scale clean energy deployment, according to a senior government official.Santosh Sarangi, Secretary, Ministry of New and Renewable Energy, said that India’s renewable energy journey over the last decade has been nothing short of spectacular, marked by phenomenal leapfrogging in global rankings.“Our strategy has been defined by a single-minded national objective pursued across three clear vertic…
Washington, Dec 22, (IANS) The appointment of Sergio Gor as the next US Ambassador to India could significantly strengthen bilateral ties due to his exceptional access to President Donald Trump, Atul Keshap, said, President of the US-India Business Council (USIBC). Keshap described the ambassador as “the quarterback of the entire US government team” in India, responsible for coordinating both in-country operations and interagency efforts in Washington. “It’s a very critical role. It’s …