manufacturing hub News

US Tariffs on Indian Goods Skyrocket to 20.7%, Signaling Deepening Trade Tensions and Economic Concerns

The US tariff rate on Indian goods has jumped to 20.7% in 2025 from 2.4% in 2024, raising concerns over India's economic growth and manufacturing ambitions amid escalating trade te...

India's Finance Minister Denies US Pressure, Highlights Ongoing Customs Duty Reductions

Finance Minister Nirmala Sitharaman denies US pressure on customs duty reductions, emphasizing policy alignment with India's development goals. The government has rationalized cust...

India's Remarkable Leap: From Importer to Exporter of Apple Components

India has transitioned from an importer to an exporter of Apple product components, marking a significant shift in the global supply chain. With the support of the government and t...

High Industrial Electricity Costs Undermine India's Global Manufacturing Ambitions

The Economic Survey highlights the impact of high industrial electricity costs on India's global competitiveness. With a 10-25% markup over supply costs, Indian industries face cha...