The recently signed India–UK Free Trade Agreement (FTA) marks a transformative moment in bilateral relations, particularly for the manufacturing and engineering sectors. Projected to boost annual bilateral trade by GBP 25.5 billion (USD 34 billion) by 2040, this FTA is the UK’s most comprehensive post-Brexit deal. It aims to double or even triple current trade […]
The Maharashtra government has approved a new policy focused on shipbuilding, ship repair, and ship recycling, targeting an investment of INR 66 billion and the creation of 40,000 jobs by 2030. The policy further aims for INR 180 billion in investment and 330,000 jobs by 2047. According to the policy, development plans include establishing marine […]
The Indian auto component manufacturing sector is adjusting to a series of tariffs imposed by the United States, with up to 25% duties affecting a broad range of products, according to a report by Motilal Oswal. These developments are prompting Indian exporters to reevaluate their pricing strategies and assess the long-term impact on global supply […]
India’s manufacturing sector continues to expand, driven by trade policies and foreign investments. The government has implemented measures to facilitate production, streamline trade regulations, and encourage industrial growth. According to a trade report by the United States government, India has imposed certain import restrictions and tariffs on various industrial goods, including electronics, machinery, and chemicals. […]
India’s defence exports reached INR 210.83 billion in the financial year 2023-24, marking a significant increase from INR 6.86 billion in 2013-14, according to a press release from the Ministry of Defence. The country now exports military equipment to over 100 nations, with the United States, France, and Armenia among the key buyers. Items exported […]
The Ministry of Civil Aviation held a high-level meeting to review and advance aircraft component manufacturing in India. The meeting, chaired by Civil Aviation Minister Ram Mohan Naidu, included senior government officials such as Civil Aviation Secretary V. Vualnam, Airports Authority of India Chairman Vipin Kumar, and Director General of Civil Aviation Faiz Ahmed. Representatives […]
The Indian government has announced a significant investment in nuclear energy as part of the Union Budget 2025-26, allocating ₹20,000 crore for the development of Small Modular Reactors (SMRs). The initiative is part of a broader Nuclear Energy Mission aimed at expanding nuclear power capacity to 100 GW by 2047. Investment in Small Modular Reactors […]
The Ministry of Steel has introduced a Taxonomy of Green Steel, aiming to standardize the definition and assessment of low-emission steel in India. The taxonomy was launched during an event at Vigyan Bhavan, New Delhi, on December 12, 2024, with officials from various ministries, industry representatives, and international delegates in attendance. The taxonomy defines green […]
Andhra Pradesh has announced its Integrated Clean Energy (ICE) Policy, which aims to attract ₹10 lakh crore in investments across solar, wind, and renewable energy storage sectors. The policy is part of the state’s strategy to reach net-zero carbon emissions by 2047, with a significant emphasis on creating employment and expanding clean energy infrastructure. The […]
The Indian government has announced an allocation of ₹1,000 crore for a venture fund to support space startups. The decision was highlighted by Jitendra Singh, the Minister of State for Science and Technology and other departments, during a press briefing. This move is part of a broader strategy to prioritize the space sector in the […]