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India seeks to justify RoDTEP reimbursements amid US countervailing duties
This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more
India's Trade Deficit Narrows to $20.58 bn in November, Imports Drop 4.3%
Conversely, exports experienced a more modest contraction of 2.8%, reaching $33.90 billion, down from $34.89 billion in the corresponding period last year.Read more
Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors
It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more
Major companies vie for India's Green Hydrogen, Electrolyser incentives
20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more
Coimbatore secures Rs 7,814 cr investments as industries minister seals MOUs
More than 210 companies have expressed interest in investing approximately Rs 6,573 crore in Coimbatore in the upcoming years.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
India expands global partnerships for critical minerals acquisition: Pralhad Joshi
Notably, Argentina, possessing the world's third-largest lithium reserves, and Australia, a major producer of potash and lithium, are key targets for these efforts.Read more
Corning Inc invests Rs 10 bn in Tamil Nadu for Apple supplier manufacturing facility
The new facility will be situated in Pillaipakkam, near Sriperumbudur, on a 25-acre plot, with the option for expansion as needed.Read more
India reviews 13-year trade pact with ASEAN amidst surge in imports
The surge in imports primarily originated from countries such as Singapore, Thailand, Indonesia, Malaysia, Vietnam, and the Philippines.Read more
Indian Cement Industry Set to Build 100-150MT Capacity
The 14th Cement Expo and 9th Indian Cement Review Conference 2023 flags offRead more