Search Result for : India Usa Trade

PTI The US has approved $75 million high-tech chemical protective clothing for the Indian armed forces that will protect soldiers against biological and chemical warfare. The Joint Service Lightweight Integrated Suit Technology (JSLIST) consists of 38,034 each: suits, pairs of trousers, pairs of gloves, pairs of boots and NBC bags; 854 aprons; 854 alternative aprons; 9,509 Quick Doff Hoods; and 114,102 M61 filters. The entire package also includes 38,034 M50 general purpose masks. The Defence Security Cooperation Agency (DSCA) made a notification to the Congress on May 10 after the State Department made a determination in this regard. India had made a request for these special clothing as part of its military modernization programme. In its notification to the Congress, the DSCA ...

The Dollar Business Bureau In another executive order signed by Donald Trump, the Department of Commerce and the Office of  USTR (US Trade Representative) have been asked to submit, within 90 days, a comprehensive report on the causes of USA's $700 billion trade deficit. Commerce Secretary, Wilbur Ross, is to lead the said investigation of unfair trade practices hurting the US economy. Threatening countries which get away with violating import duties, Trump asserted that a detailed investigation of trade abuses will be done, following which stringent laws will be put in place to prevent them. The move comes immediately before the first diplomatic meeting between Trump and China's President Xi Jinping, scheduled for next week. Although the bill doesn't target any specific country, China has been ...

The Dollar Business Bureau Tamil Nadu has attracted huge investments worth more than $4 billion from US firms in various sectors including automobiles, textiles and pharmaceutical sectors. This was revealed by the Tamil Nadu Industries Minister M C Sampath during a conference hosted by the Indo-American Chamber of Commerce in Chennai on Tuesday. The minister said that the US and the state of Tamil Nadu share good trade relations. Around 250 US business firms have their presence in this state providing direct employment to over 1.75 lakh people and indirect employment to more than 2.50 lakh people. The state is one among the top three industrial states in India, contributing 11% of the total industrial production in the country. Stating further he said ...

PTI The US is working "very hard" on changing its "outdated" export control policy on India as the two strategic partners seek to continue working together on a large number of projects, including in the military sector, Defence Secretary Ashton Carter said today. "The United States is working very hard on changing India's status in the US export system which is also somewhat outdated," he said in response to a question on what was expected from Prime Minister Narendra Modi's visit to the US next week. He said he along with his Indian counterpart Manohar Parrikar would "identify new ways" to co-operate in defence sector in advance of Modi's visit. The US and India are committed, as part ...

The Dollar Business Bureau   India hopes that the deliberations during the WTO consultations turn out to be constructive, and subsequently result in removal of certain trade restrictions. “India hopes that the US will constructively engage with India to address its concerns regarding recent US measures which impair the ability of both US-based Indian companies and Indian professionals to supply services in the US,” the Commerce Ministry said in a statement. India will hold consultations with the US at the WTO on May 11-12, 2016. In January this year, the US government had notified an additional fee up to $4,000 on certain categories of H-1B and L1 visas. The Indian government as well the industry had expressed their disappointment saying the ...

The Dollar Business Bureau  The US’ manufacturing body on Monday advised the American government to work with India on removal of commercial, taxation and policy barriers, in order to help the American companies scale up their investments in the Indian market. The US-based National Association of Manufacturers (NAM) released a new priority document that charted out certain steps, if taken and subsequently achieved, will bring major breakthroughs towards addressing the key commercial barriers that the American manufactures have long faced in India.     The announcement comes against the background of Prime Minister Narendra Modi’s upcoming visit to Washington in June this year. The NAM said the prime minister’s forthcoming visit and his dialogues and engagements with the American leaders would serve as an ...

Sai Nikesh D | The Dollar Business Defence and nuclear partnerships are likely to be the central points in Modi-Obama talks later this month   While Russia is by far the largest supplier of arms to India, accounting for around 70% of India’s total arms imports, USA is keen to expand its presence as a prominent arms exporter to India which is the world’s largest arms importer. India, with its third largest armed forces in the world, is largely dependent on imports in the defence sector and 60% of its defence requirements is currently met by imports. According to the Stockholm International Peace Research Institute (SIPRI), USA climbed to the second position next to Russia in arms exports to India in ...

Sai Nikesh D | The Dollar Business India has three things to its credit – Democracy, Demography and Demand, said PM Modi at the Summit   Showering praise on Prime Minister Narendra Modi’s economic policies, the World Bank has said that economic reforms in India are expected to drive its economic growth from 5.5% in 2014 to over 6.4% this year and to a higher growth rate next year. Speaking at the “7th Vibrant Gujarat 2015” conference, Jim Yong Kim, World Bank Group President, said that Modi’s reforms such as “Make in India”, Goods and Services Tax (GST), phasing out of diesel subsidies and steps to create a more inclusive society, are likely to place India among the world’s fastest ...