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The company has tied up with two Indian manufacturers to develop capabilities for it and plans to also export these complex machines in the future. So far, the Tatas imported these from China, the ET report said. ....
India s imports from China saw a 3% decline in calendar year 2023 compared to 2022, according to the commerce and industry ministry. Meanwhile, exports to both China and the EU increased by 7.1% and 2.1%, respectively, during the same period. This announcement follows a recent report by the United Nations Conference on Trade and Development (UNCTAD) showing that India s trade dependence on China and the EU increased in 2023. ....
Congress general secretary Jairam Ramesh shared the media report on X which quoted Indian Stainless Steel Development Association (ISSDA) president Rajamani Krishnamurti as saying that Indian stainless steel players are bearing the brunt of heavy influx of cheaper Chinese imports, causing almost 30-35 per cent of medium and small businesses in Gujarat to shut shop between July-September last year. ....
Express View: A more prudent approach would involve creating a more conducive environment for development of a strong and vibrant manufacturing ecosystem. The policy framework must be geared towards ensuring greater openness and more freedom to operate ....