Geopolitical uncertainties and fragmented supply chains are forcing global businesses to prioritise trust and resilience over mere cost-efficiency, positioning India as a highly viable technology partner of choice, Nasscom President Rajesh Nambiar said on Tuesday.
Speaking at the Nasscom Global Confluence 2026, Nambiar said the technology industry, which is heavily dependent on exports, is navigating an era of extraordinary transformation, noting that the reconfiguration of global value chains has fundamentally changed how countries and companies approach technology partnerships.
"It used to be a fact that everybody optimised only for cost and efficiency... Those days are gone... Efficiency is important, but not necessarily the deciding factor. Resilience becomes much, much more critical. India sits at a very nice intersection of all these priorities, which makes us a very viable country to do business with.
"...We are navigating this period where not just the geopolitical tensions,

Outlining the factors that make India a preferred partner, Nambiar pointed to the country's status as a 'trusted democracy' and its massive scale, serving as a 'living laboratory for innovation'

Press Trust of India

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia.
In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa.
"The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said.
The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit.
Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought.
It also requested ...

Indian economy, trade, exports, imports

The BCC urged RBI to encourage banks to adopt a supportive credit approach

Rising e-commerce grievances and persistent food adulteration highlight evolving consumer protection challenges in India

Consumer rights

Business Standard

With the war showing no signs of abating, the outlook for many sectors of India's industry is clouding over right now

Gas plan caught in regulatory minefield, New Delhi's ambitious targets to clean its air by decarbonising energy sector will be underpinned by its success in building nascent natural gas segment

Authorisation of 17 recycled PET plants adds 300,000 tonnes capacity to India's packaging ecosystem and supports the country's recycled plastic mandate

FSSAI

The JNUSU on Monday said a march to the office of the dean of students will demand preemptive measures ensuring smooth and uninterrupted functioning of mess and dhabas on the campus, amid the LPG supply crisis.
The call for the march by the student union -- planned for Tuesday -- comes as the food menus in the Jawaharlal Nehru University (JNU) canteens continue to be hit.
According to the two separate letters sent from the Indraprastha Gas Limited to the mess heads of Sabarmati and Lohit hostels, "....supplies to all industrial and commercial customers are being restricted to 80 per cent of their average consumption for last six months with effect from 6 am on 11th March 2026".
With the gas supply being cut by 20 per cent, the revised mess menu of the Lohit hostel specifies that no roti and poori will be available on certain days.
The menu specifically mentions that no roti will be available for Tuesday and Saturday lunch, with replacements like "only rice" or khichadi added ...

Photo of Jawaharlal Nehru University campus.

The call for the march by the student union -- planned for Tuesday -- comes as the food menus in the Jawaharlal Nehru University (JNU) canteens continue to be hit

Urban hiring activity picks up after winter lull as overall unemployment rate falls slightly in February, according to the latest PLFS monthly bulletin

job search unemployment

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31.
In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers.
The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026.
The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...

Electric Vehicles

The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026

Passenger vehicle sales rose 10.6 per cent year-on-year in February, while two- and three-wheeler segments also recorded their highest-ever February sales, according to SIAM data

car sales, passenger vehicle

The Shenzhen-based automaker is studying the Canadian market for a potential manufacturing facility, although no decision has been made, Executive Vice President Stella Li said

China, BYD

Bloomberg

Standing committee asks government to review eligibility norms in the auto PLI scheme, expand EV incentives and speed up upgrades of testing agencies

rare earth magnets, equipment manufacturers, Electric Vehicles, Metals & minerals, Automobile

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Strict compensation norms and lack of succession planning are cited as key reasons

Illustration: Binay Sinha

SBI report says India has seen fewer instances of interest rate hikes since the flexible inflation targeting regime began, with the third five-year phase set to start next month

SBI, State Bank Of India

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

The move comes as Union Budget for FY27 pegged the disinvestmenttarget at around ₹80,000 crore

The hedging cost has increased up to 75 basis points, increasing the landed cost of foreign currency borrowings for NBFCs

NBFC, NBFCs

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