According to reports, Foxconn, Apple's contract manufacturer in India, plans to double iPhone manufacturing at its Indian facilities to 25–30 million handsets this year. A media outlet reported that throughout the previous three to four months, the firm has been experimenting with limited testing operations at its
India is unlikely to suffer much from the 25% tax on automobiles and auto parts. MEMA, the Motor Equipment Manufacturers Association of the USA, stated that auto parts tariffs will go into force "no later than May 3, 2025". It further stated that automobile tariffs would go into
On March 26, President Donald Trump announced broad plans to impose a 25% tariff on all imported vehicles and light trucks into the United States, with the declaration that the decision would be permanent. Collection will start on April 3 after the tariffs go into force on April 2. "
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According to the RBI March Bulletin, which was published on 18 March, the share of inward remittances from developed economies—such as the US and the UK—has increased and has overtaken that of Gulf economies in 2023–2024. This indicates a change in the migration trend towards the skilled
Only a week after President Donald Trump imposed levies on all US imports, India is set to join the global wave of steel protectionism by announcing plans for broad trade tariffs. As several countries erect barriers to stave against an influx of metal, especially from billion-ton manufacturer China, the world
President, Donald Trump: The U.S. government has been considering tariff hikes on imports from various sectors, including pharmaceuticals, as part of broader trade policy measures. India’s basic customs duty on pharmaceutical imports is 10%. However, some lifesaving drugs and vaccines are exempt from this duty. Recently, the Indian
* India's GDP grew by 6.2% in the December quarter backed by key growth factors including increased consumer spending, higher growth expenditure and increased export rates. * Indian economy is expected to maintain a projected growth rate of 6.5% in FY25. * Decreased inflation rates, tax reduction and strong
Tesla CEO Elon Musk, a pivotal figure in the Trump administration, met with Prime Minister Narendra Modi less than a week ago to discuss a bilateral roadmap for enhancing technology ties. However, Tesla has taken a big step by starting its employment process in India in this short time frame
The Haryana GST authorities have issued a demand order for INR 89.8 lakh to online travel aggregator ixigo. ixigo stated in an exchange filing that it was sent a demand notice by the assistant commissioner of Gurugram, Haryana, requesting that it pay INR 89.9 lakh in GST. In
On 13 November, the Confederation of All India Traders (CAIT) accused rapid commerce platforms of breaking a number of national laws, such as the Competition Act, the Consumer Protection Act, and Foreign Direct Investment (FDI) regulations. The trade group stated in a white paper that more than INR 54,000
In light of the ongoing political turmoil in Bangladesh, the Noida textile cluster and the little town of Tiruppur in Tamil Nadu are benefiting from an influx of multinational apparel firms looking for new factories to manufacture their goods. In the past two weeks, Tiruppur's knitwear export business
The Agricultural and Processed Food Export Development Authority (Apeda), which is responsible for facilitating exports of agricultural products, has set a goal of $1 billion to promote Indian alcoholic and non-alcoholic beverages internationally over the next several years, in response to the robust demand for Indian spirits around the world.
Recently, representatives from the electronics hardware business penned a letter to the Ministry of Electronics and Information Technology (MeitY) requesting more information on the plans for future policies regarding the import of specific computer items under HS 8471. The letter also requested the Ministry to engage stakeholders more actively. After
According to Sean Hyunil Sohn, the CEO of KRAFTON's India business, the developer of PUBG and BGMI, plans to establish a research and development facility in India by the end of the year in order to create games that are reflective of Indian culture. The chief executive officer
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Right now, India's car market is the fourth biggest globally. Nevertheless, the luxury segment only makes up 2% of the total because of the one-of-a-kind characteristics of the Indian market and the hefty import duties, which can reach 100%. Consequently, this makes it harder for luxury foreign automakers
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The toy industry is one of the most promising export markets because of its high growth potential. Forecasts indicate that the Indian toy market will reach $3 billion by 2028, expanding at a CAGR of 12% from 2022 to 2028, as per the data shared by Invest India. This places
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The floriculture industry has witnessed exponential growth in the last few years and is crowned with the title of sunrise industry. Taking the world view, about 140 countries have contributed to commercial floriculture where India has the title of 100 percent export-oriented status. According to reports, the floriculture market is
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A joint report by industry bodies FICCI and KPMG had estimated that the Indian toy industry was worth USD 1 billion in FY 2019-2020 which would double by FY 2024-2025 to reach USD 2 billion. These figures are low compared to the global worth of the toy industry which stands
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> StartupTalky presents Recap'22. This is a series of interviews in which we conduct in-depth discussions with founders & industry leaders to understand their growth in 2022 and their predictions for the future. The clothing industry in India is a significant contributor to the country's economy,
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The concept of ‘Globalization’ is deeply rooted in the history of various human civilizations. It refers to the growth and broadening scope of international economic exchange that is measured by trade and Foreign Direct Investment (FDI) flows. It encompasses different types of exchanges as well like capital, people, technology, ideas
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As an expression goes, "Worry is just imagination used in an unproductive way." That simply means that if you don’t plan a schedule, then you either end up in trouble or fail to achieve the plan, which automatically results in an unproductive act. This is why planning
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If you are planning to set up a business in Qatar, you are at the right place. Exports in Qatar have always been considerably more than imports. Do you know that Qatar had a total export of 72,934,956.29 in thousands of US$ and total imports of 29,
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With the advent of globalization, there has been a massive growth in the import business of our country. Moreover, there is no denying that it is one of the largest and fastest-growing economies in the world. For the unversed, consumers are the ones who drive the economies including the production,
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The United Kingdom has been trying to negotiate with India in terms of a free trade agreement between both the counties. The UK has launched a 14-week consultation process in order to seek the opinions from the public as well as businesses before negotiating on the agreement. Let’s look