US President Donald Trump’s America First trade policy is back in action following his re-election, with sweeping measures aimed at reducing trade deficits and prioritizing US interests. A potential global supplemental tariff is already sparking concerns among major trading partners, including India. With Prime Minister Narendra Modi set to visit...
NITI Aayog’s 2024 report outlines a strategic plan to boost India’s self-reliance in edible oils by expanding palm oil cultivation on wastelands. With over 8.6 million hectares identified for potential growth, this initiative aims to significantly reduce import dependence, increase domestic production, and enhance India’s edible oil security. Palm oil...
Blockchain can give vital insights to streamline the domestic movement of EXIM cargo with the use of a smart contract enabling greater trust and transparency. A smart contract can be tailored to encode EXIM-related requirements including those of arrival and departure manifests to activate in advance the domestic players. Image...
The Union Cabinet has approved a dedicated National Mission on Edible Oils-Oil Palm to make India ‘Aatmanirbhar’ in production of edible oils, including oilseeds and oil palm. But can it achieve this in an environmentally sustainable manner, learning from the experiences of Southeast Asian countries? India is the largest importer...
India’s untapped toy sector showcases a huge growth potential in the global toy industry. The Government of India has emphasized on the promotion of exports and toy manufacturing in India by formulating various schemes. At the same time, the Indian toy manufacturers need to come up with new, innovative, and...
WTO members have criticised measures like AatmaNirbhar Bharat to promote domestic manufacturing and import substitution. However, domestic support initiatives are being adopted by a number of other countries as well, and at times with a much higher quantum than India. Therefore, instead of singling out India, the forum must work...
Jishnu Hazra, Professor IIM Bangalore, feels that Indian companies must take inspiration from the rise of South Korean and Chinese companies in the mobile handset space on their quest to be globally competitive in manufacturing. It is important to move from the traditional mindsets of buying and selling to creating...
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