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India’s Finance Minister has backed her economic adviser’s suggestion to allow more Chinese investment in the country, after flows were disrupted by New Delhi’s increasingly strained ties with Beijing since 2020.
With China long established as the world’s factory, the United States has led a push to divert manufacturing and supply chains away from the world’s second-largest economy. In this three-part series, we look at whether the so-called China plus one strategy is working for the world’s manufacturers.
Modi’s government approved US$15.2 billion worth of investments in domestic semiconductor fabrication plants in February, including a proposal by local conglomerate Tata Group to build the country’s first ever major chip-making facility. It will be set up in Modi’s home state of Gujarat and is set to churn out 50,000 wafers per month by the end of 2026.
FARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the yet-to-be-certified 777X jetliner, in a vote of confidence for the struggling manufacturer.
TOKYO -- The chip industry needs more international standards for back-end, or latter-stage, production processes to enable companies like Intel and Taiwan Semiconductor Manufacturing Co. to increase capacity more efficiently.
(Reuters) -- Goodyear Tire & Rubber will sell its off-the-road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its business.
India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor’s executive vice-president Kenichi Ayukawa said.
“While there is a case [to raise import duties], we will have to tread carefully,” Dhar said. “Any talk of increasing duty will be like jarring notes,” he added, noting that FTAs also signify strategic partnerships that extend beyond just economic ties.