Indian Industry

Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers

India has reduced its tariffs significantly over the years, bringing them down to the world average level, yet the domestic industries continue to suggest increasing the duties, a senior government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade Amardeep Singh Bhatia said that it needs to be examined why such requests come. "On the export market side and integration with the (global) supply chains, there is also a lot of work which has been done in terms of reduction in tariff, the weighted tariff has come down substantially and it is almost at the world average level. But of course, there are pressures that it should be increased by the domestic industry, which we need to look at why these requests keep coming up. Why are we not competitive enough," he said. India has also free trade agreements with different countries to push exports. The Secretary was speaking at CII's Global Policy Forum 2024. Cut in customs duties on raw ..

Kumaraswamy also criticized the stalled Rs 97 crore Underground Drainage (UGD) project in Channapatna, accusing Congress leaders of delaying tenders for two years due to personal interests

According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc

At a time when the entire world recognises that China is a non-transparent and opaque economy, some people, possibly responsible for its growing influence in the India industry, are choosing to continue to praise or defend the China story, Commerce and Industry Minister Piyush Goyal said on Thursday. Slamming the previous Congress-led government, he said it is a matter of "shame" that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets and kill Indian manufacturing. "As regards China, it is very sad that some people, possibly responsible for the growing influence of China in the India industry, are choosing to continue to praise or defend the China story, whereas the whole world today recognises that China is a non-transparent and opaque economy," Goyal told Indian journalists at a news conference here. He was responding to a question on recent remarks by Leader of Opposition in the Lok Sabha Rahul Gandhi during his US trip last month, alleging th

Vishwakarma Puja is a celebration of the birth anniversary of Lord Vishwakarma. He is considered as the creator of the universe. As per the Drik Panchang, this year, the day falls on Sept 16

Citing the example of the proposed semiconductor project in Assam, Sitharaman said that India's own big-ticket investment in chip manufacturing had gone to Assam, crossing Bengal

Says states are making sure the industry does not have to face different rules while moving from one state to another

Lam Research Corporation on Wednesday announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company said it is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment. The global semiconductor industry is expected to grow to 1 US dollar trillion in annual revenue by the end of this decade, according to experts," the NASDAQ-listed global semiconductor manufacturing equipment maker said in a statement. As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, it said, adding, Lam has been operating in India for more than 20 years, benefiting from its prime location close to ...

India is right to celebrate big firms, but must also celebrate its valuable small giants

The Chhattisgarh government had entered an agreement with Bharat Aluminium Company Ltd (BALCO), a subsidiary of Vedanta Limited to supply raw aluminum to small-scale industries at a subsidised rate

Amount raised from Rs 8,405 cr in RE of FY24 to Rs 15,198 cr

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

Trade policy meet may also take up issues like GSP, non-tariff barriers

Latest Anarock Research data indicates that housing sales in the top seven cities have created a new peak in 2023, an all-time high

Tamil Nadu is likely to cross $8 billion in electronics exports in 2023-24

Sales jumped by 34.8 per cent Y-o-Y to $33.9 billion

The CIABC has demanded that the EU should remove the non-tariff barriers which prevent the vast majority of Indian products from being sold in the EU

Robotics experts insist accidents such as these are usually a result of human error. Working with robots, they say, demands strict adherence to safety protocols

It exports blue pottery mainly to the Middle East and America, and miniature paintings and wooden handicraft items to the US and Europe