Mumbai (Maharashtra) [India], April 3: "The world is moving away from Natural Fibre Textiles to Manmade Fibre (MMF) Textiles since MMF Textiles are cost-effective." Giriraj Singh, Union Minister of Textiles, said at the MATEXIL's Annual Export Award Function in Mumbai.
The recent imposition of a 27 per cent reciprocal tariff on Indian exports by the United States, while exempting the pharmaceutical sector, has raised concerns about potential future trade restrictions on drug exports.
"Yesterday, the parties that use to talk about Muslim reservations and talk about bringing Muslims to the mainstream - the same parties betrayed Muslims and supported the bill... They are exposed now... We will go to the court and will be on the road to protest..." he said.
The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
US tariffs provide Indian exporters with a competitive advantage over rival nations, said SC Ralhan, the President of the Federation of Indian Export Organisations (FIEO), adding that the movement is 'quite favourable'.
India will review and assess the impact of reciprocal tariffs, said Union Minister of State for Finance Pankaj Chaudhary on Thursday, reacting to the 27 per cent tariffs on Indian export to the US.
India is not so badly impacted by the imposition of tariffs by the US, which was announced by President Donald Trump on April 2, said ASSOCHAM president Sanjay Nayar.
"It will definitely have implications for our exports. I think it is incumbent on the Finance Minister to make an analysis and uprise the House and the nation on what these implications will be and how they will affect our economic growth," the Congress MP told ANI.
As the US President, Donald Trump, mandates a 27 per cent tariff on Indian goods to his country, the economists and economy watchers have opined that exporters will face relatively less trouble, as amongst major EMs in Asia, tariffs on India is the lowest, barring the Philippines.
Pune (Maharashtra) [India], April 3: Synechron, a leading global digital transformation consulting firm, today announced the launch of Synechron CyberAI accelerators program. This suite of four AI-driven solutions enhances enterprise security, streamlines compliance, and reduces risk exposur