Taiwan giants like Shoetown, Feng Tay, Pou Chen, and Hong Fu are setting up huge non-leather shoe factories in Tamil Nadu. Made in India footwear will take over world, say industry leaders.
The recent move by Centre, which requires ISI marks on all footwear priced above Rs. 150, has sparked concerns among small businesses in the cottage footwear manufacturing sector.
In Agra, shoemakers fear the change and disruption in the old ways of doing things. Industry associations fear fallouts, while workers are worried that they’ll be laid off.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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