In San Francisco, the Union minister of commerce met his foreign counterparts to discuss investment opportunities in India & attended ministerial-level talks on clean & fair economy.
Without sufficient incentives, countries that have joined IPEF are unlikely to agree to high US-preferred standards in areas like digital economy and anti-corruption.
India's centrality in the Indo-Pacific trade architecture should have made New Delhi launch IPEF much before US President Joe Biden did. It can still be a rule maker.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS