Since India relies heavily on specialised imported fasteners for critical applications in industries, such as automobiles, aerospace, electronics, and defence, their sudden unavailability will jeopardise production.
'And America will invite India in to have really an extraordinary opportunity and relationship with us.'
I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
'The US has agreed to negotiate with us a mutually beneficial bilateral trade agreement, which will go for reduction of tariffs on both sides so that our trade can grow.'
Ahead of the visit, officials from key government departments held intense discussions to identify key trade-related proposals.
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'
'We have to be prepared for the larger disruption that is likely to take place.'
'...I'll say this to my fellow Americans, the more ties that we have to more Indians and the more ways we can find to grow our economic and educational exchanges, the stronger America and India.'
The Federation of Indian Export Organisations (FIEO), the apex body for exporters, is formulating a strategy for five key sectors to boost exports to the United States (US), as President-elect Donald Trump has threatened to impose high tariffs on Chinese goods. "This time, we need to be proactive instead of reactive.
'Regulatory challenges exist everywhere. What we look for is regulatory stability over time.'
As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 per cent reduction from the current level, it is working to ensure that there's no supply disruption in India even if an import cap is introduced, it is learnt. The caveat assumes significance in the context of the government's announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China.
Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
Reliance Jio, the telecom business of the Mukesh Ambani-promoted conglomerate, is expected to go for an initial public offering (IPO) of over $6.25 billion either in the second or the third quarter of the calendar year 2025, sources said. Reliance Retail is likely to be listed around the same time with a short gap, it is learnt. The timing of the two IPOs, however, will depend on the company's assessment of the market conditions among other factors.
'We may see even more restrictive policies during 2.0.'
Exports to eight out of India's top 10 destinations, including the Netherlands, the United States (US) and the United Kingdom (UK), witnessed positive growth during the first six months of FY25, despite muted global demand amid geopolitical challenges, commerce department data showed.
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.
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