Elon Musk-led Tesla is not interested in manufacturing electric cars in India, Heavy Industries Minister Kumara Swamy said on Monday. The minister added that Tesla is only keen to set up showrooms in India.Interestingly, US President Donald Trump has time and again said that it would be ‘very unfair’ if Tesla were to set up … Read more
Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City’, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister. Additionally, sources told ET … Read more
The campaign epitomises the challenges facing bilateral trade ties, U.S. Congress told The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report — an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s … Read more
The ongoing covid-19 crisis has deeply impacted the Indian startup ecosystem with close to 12% startups stating shutdowns, according to a survey jointly conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Angel Network (IAN). The nationwide survey on the ‘Impact of covid-19 on Indian start-ups’, conducted across 250 startups, said … Read more