logo
CM appeals to people to support Swadeshi

CM appeals to people to support Swadeshi

Time of India14 hours ago
1
2
Bhubaneswar: In the wake of the recent hike in tariffs on Indian exports by US president Donald Trump, chief minister Mohan Charan Majhi made a strong appeal to the people of the state to support the Swadeshi movement by using indigenous products and wearing handloom garments at least once a week.
"Handlooms are not just an economic pillar but also a symbol of national pride and cultural heritage. From ancient maritime trade to the modern global fashion stage, Odisha's weaving tradition has consistently reflected excellence and spirituality," said Majhi, while addressing stakeholders of the handloom and textiles sector during the National Handlooms Day celebration here on Thursday. He inaugurated EKTA - Exhibition-cum-Knowledge sharing for Textile Advantage at Janata Maidan.
He said the govt is committed to ensuring the social and economic betterment of weavers and promoting indigenous products in both domestic and global markets. He announced Bollywood actress Madhuri Dixit as the brand ambassador for Odisha Handlooms for a year, promoting it on national and international platforms. Majhi expressed optimism that with Madhuri Dixit's active collaboration, Odisha handloom products would gain enhanced recognition in both national and international fashion markets.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Woman sells ring given by ex, then jeweler tells her 'This can't be true'
Daily Sport X
Undo
Highlighting the remarkable growth of the handloom sector at the national and state levels, Majhi said in Odisha alone, over 1.3 lakh weaving labour assistants have been engaged across all 30 districts. "To encourage youth participation in the handlooms and textiles sector, the state govt plans to introduce fellowship and internship programmes," Majhi said.
To further strengthen the sector, the govt has signed 33 MoUs for an investment of Rs 7,808 crores in the textile sector, which is expected to create 53,300 job opportunities.
To support this growth, facilities such as dye houses, warehouses, design studios, and quality control laboratories are being developed in key locations like Bargarh and Cuttack. Six textile parks will be set up across the state to further strengthen the industry, he added.
The govt is providing support in marketing and e-commerce linkage to the weavers and is promoting the participation of Odia weavers in exhibitions in France, Japan, the US, and Singapore.
"This is a moment to reclaim our economic self-reliance. Wearing handloom is not just fashion, it's a movement. Let each of us take pride in our heritage and help make Odisha handloom a global brand," he said.
The minister of handloom, textiles, and handicrafts, Pradeep Bal Samanta, highlighted ongoing efforts to modernise and market the handloom industry while preserving its rich traditions. Over 40 weavers were awarded on the occasion for their excellence and innovation.
The Ekta handloom fair, which will run until Aug 13, showcased the rich tapestry of Odisha's handloom heritage. The event was attended by various dignitaries, including development commissioner Anu Garg, handlooms, textiles and handicrafts secretary Guha Punam Tapas Kumar, and director of the department Prem Chand Chaudhury.
Stay updated with the latest local news from your
city
on
Times of India
(TOI). Check upcoming
bank holidays
,
public holidays
, and current
gold rates
and s
ilver prices
in your area.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India faces tough choices amid US tariff pressure. What's ahead for New Delhi?
India faces tough choices amid US tariff pressure. What's ahead for New Delhi?

New Indian Express

time16 minutes ago

  • New Indian Express

India faces tough choices amid US tariff pressure. What's ahead for New Delhi?

NEW DELHI: India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs. Prime Minister Narendra Modi, leader of the world's most populous nation and its fifth-biggest economy, must make some difficult decisions. US President Donald Trump has given longstanding ally India, one of the world's largest crude oil importers, three weeks to find alternative suppliers. Levies of 25 percent already in place will double to 50 percent if India doesn't strike a deal. For Trump, the August 27 deadline is a bid to strip Moscow of a key source of revenue for its military offensive in Ukraine. "It is a geopolitical ambush with a 21-day fuse", said Syed Akbaruddin, a former Indian diplomat to the United Nations, writing in the Times of India newspaper. How has India responded? New Delhi called Washington's move "unfair, unjustified and unreasonable", while Modi has appeared defiant. He has not spoken directly about Trump but said on Thursday "India will never compromise" on the interests of its farmers. Agriculture employs vast numbers of people in India and has been a key sticking point in trade negotiations. It all seems a far cry from India's early hopes for special tariff treatment after Trump said in February he had found a "special bond" with Modi. "The resilience of US-India relations... is now being tested more than at any other time over the last 20 years," said Michael Kugelman, from the Asia Pacific Foundation of Canada.

Navi Technologies renamed to Navi
Navi Technologies renamed to Navi

Time of India

time16 minutes ago

  • Time of India

Navi Technologies renamed to Navi

Navi Technologies has announced that it has officially changed its name to Navi , aligned with the company's evolution from a technology-led disruptor to a holistic financial services destination built around the needs of Indian consumers. The rebranding underscores the company's focus to position itself as an integrated, customer-centric institution encompassing lending, insurance, asset management and UPI services, committed to making money simple, seamless and accessible for millions of Indians. 'The new name fits who we are today. Not only are we a technology provider, we are a full-fledged destination for financial services for our customers,' said Sachin Bansal, Founder and Executive Chairman of Navi Group . 'It signals both simplification and scale - two ideas core to our philosophy.' Rajiv Naresh, managing director and chief executive officer of Navi added, 'This change aligns with the company's evolution. While technology remains core to how we build, our focus today is broader. The new name reflects the company we've become: more integrated, more customer-focused, and ready for the next phase of growth.' Navi's offerings are built to serve Indians across every stage of their financial journey whether they're just starting out with digital payments via UPI or planning for long-term goals through investments and insurance. The focus is a unified, seamless experience anchored in transparency, speed, and trust. The name change is also aligned with Navi's longer-term roadmap - continued focus on sustained value creation for its users and stakeholders. Customers and partners will see the change reflected in official communications, app interfaces and brand assets over the coming weeks. The company's operations, leadership, and business priorities remain unchanged.

IMEC offers hope as Trump tariffs threaten Indian markets
IMEC offers hope as Trump tariffs threaten Indian markets

Hindustan Times

time16 minutes ago

  • Hindustan Times

IMEC offers hope as Trump tariffs threaten Indian markets

Two distinctly different yet related events took place on August 5-6, 2025, with regards to India. On the one hand, US President Donald Trump initially announced a tariff of 25% on Indian goods being exported to the US and then added another 25% the next day as a 'punishment' to India for supporting Russia in its war against Ukraine by buying cheap crude oil. Concurrently, the first official meeting of the eight signatory countries of the India-Middle East-Europe-Economic Corridor (IMEC) was held in Delhi, hosted by the National Security Council Secretariat. Along with the other country representatives, the US was represented by Ricky Gill, who is the special assistant to the US President for national security affairs and the US National Security Council's senior director for South and Central Asia. The aim of the meeting was to find a way to kickstart the long delayed economic corridor, the IMEC. Donald Trump (Bloomberg File Photo) What does IMEC aim to achieve—for a start, closer integration of the three regions (India, West Asia and Europe) through trade and better connectivity. With Trump hitting India hard with tariffs, there were some speculation that the American delegation may not travel to India, but that did not happen and the delegation participated in the talks, the first of its kind since the announcement of IMEC on the sidelines of India's G20 Summit in Delhi in September 2023. IMEC is one of the most transformative and ambitious projects announced with regards to economic integration and trade connectivity. In its concept, it is a bold vision to connect India with Europe across the deserts of the Arabian Peninsula. It envisions a multi-modal economic corridor involving multiple businesses, integrating railways, ports, highways, energy networks, and digital infrastructure to enhance trade, investment, and connectivity across the continents. The Memorandum of Understanding (MoU) on the project was signed by India, the US, Saudi Arabia, UAE, France, Germany, Italy, and the European Union (EU). The proposed structure of the IMEC has three distinct sections. The eastern section links India with West Asia via sea links, the central section is the overland route across the West Asian region, culminating at the port of Haifa on the Mediterranean coast in Israel. The western leg of the corridor is sea-bound, where the containers have to be put back on ships in Haifa, to be transported to various ports in Europe. The success of IMEC depends upon developing a seamless connectivity network of ports, ships and rails. A digitally connected, uniform and fully integrated customs and regulatory framework is the backbone for success of such a project. In addition to transporting containers, IMEC also plans to include infrastructure for electricity transmission, digital connectivity, as well as pipelines for clean hydrogen export. When implemented in full, it promises to unlock new opportunities of multi-dimensional trade through multi-modal transport linkages across regions that have traditionally been close trade partners. It has the potential to facilitate faster and more efficient movement of goods, bypassing existing bottlenecks, reducing shipping delays, lowering greenhouse gas emissions, and cutting costs. There is even talk of developing a southern leg in the IMEC later, which would then link up with key connectivity corridors in Africa to facilitate two-way trade with Africa too For India, in particular, IMEC represents a strategic vision beyond physical infrastructure and is an instrument for building a more connected, resilient, and inclusive global order. For India, it aligns with its Act East and Link West policies and reinforces its role as a bridge between regions, enhancing both economic engagement and geopolitical influence. As India charts its course towards becoming a developed nation and a $30 trillion economy by 2047, infrastructure corridors such as IMEC are vital drivers. Considering China's current dominance in global manufacturing, which is at 30% versus India's 3% share, India has a lot of ground to cover. For India to become the 'factory of the world,' industrial corridors would need to be scaled up, manufacturing capacity boosted, and these hubs must be linked through strategic infrastructure like IMEC. In terms of trade between the Europe and India, IMEC can be an economic game changer and an opportunity to strengthen strategic partnerships. The president of the European Commission, Ursula von der Leyen, during her visit to India in March 2025, had pitched for the IMEC as an important cornerstone for enhancing India-EU trade. Earlier, the French President had described IMEC as a 'fabulous catalyst' for concrete projects and investments while pitching Marseille port as one of the entry points for IMEC during PM Modi's visit to France in February 2025 for the Global AI Summit. The enthusiasm comes from the fact that the EU is India's largest trading partner, accounting for €124 billion worth of trade in goods in 2023 or 12.2% of total Indian trade, surpassing the US (10.8%) and China (10.5%). The EU is also the second-largest destination for Indian exports (17.5% of the total) after the US (17.6%). On the other hand, however, India is the EU's 9th largest trading partner, accounting for 2.2% of the EU's total trade in goods in 2023, well behind the US (16.7%), China (14.6%), or the UK (10.1%). Within this overall trade figures, trade in goods between the EU and India has increased by almost 90% in the last decade, whereas the trade in services between the EU and India reached €50.8 billion in 2023, up from €30.4 billion in 2020. With this considerable volume of trade, the EU and India are looking for ways to enhance the trade potential further. Both sides are also negotiating an ambitious FTA (free trade agreement) which promises to increase trade beyond € 200 billion. One key issue that could help reach the agreement on FTA is a faster, more secure, and cheaper transit route, which the IMEC promises. One of IMEC's most unique dimensions is its integration of green hydrogen into the corridor's architecture. The ability to transport green hydrogen across borders offers a major breakthrough for the global clean energy transition. India's twin objectives—energy independence by 2047 and net-zero emissions by 2070—are closely tied to the successful deployment of renewable energy technologies. Green hydrogen emerges as a transformative energy carrier within this shift, offering long-duration energy storage, a replacement for fossil fuels in hard-to-abate industrial sectors, and clean mobility solutions. Indian companies have taken huge strides in developing infrastructure for producing green hydrogen. Europe is looking at reliable markets to offer green fuel as they strive to achieve net zero emissions. IMEC offers India a unique opportunity to position itself as a global hub for green hydrogen. India has committed $2.5 billion toward building a robust green hydrogen ecosystem, with companies like Adani Group, Larsen & Toubro, and ReNew Energy Global leading infrastructure and technology deployment. India has also emerged as the leader in producing and promoting solar energy. It is closely linked to India's call for establishing One Sun, One World, One Grid (OSOWOG) initiative which envisions a globally interconnected solar grid, enabling real-time cross-border energy sharing. This model benefits India by reducing dependence on costly storage systems while maximising the efficiency of renewable generation. This too presents a unique opportunity for India to deepen its economic integration with the region as also deepen climate preservation, promote energy interdependence, and generate industrial and financial synergies. Also, the combination of a faster route using IMEC for perishable, fast moving and costly goods while keeping the option of Suez Route running for bulk products like crude oil can become a win-win strategy for all stakeholders. When overlapped with the economic benefits of transporting green hydrogen, solar energy, high speed internet etc, IMEC can be a game changer in years to come. Trump tariffs may have presented a challenge for India but it is also an opportunity to seek diversified and reliable partnerships. Europe too, which is reeling from tariff threats from the US and had to submit to its tariff demands, is looking at India as a reliable partner. Other signatories of IMEC, along with some potential additions like Egypt, Oman, Israel, Jordan, Cyprus and Greece already have close strategic ties with India. IMEC offers the perfect link for a faster, secure and more efficient between India and these countries. The fact that the project brings together economically strong, politically influential, and ideologically compatible countries, offering India a vital opportunity to cement its presence and deepen its influence in the region, is an added advantage. The lessons from recent global shocks—including the Covid pandemic, the Russia-Ukraine war, Gaza War and the tariff war under the Trump administration highlight the urgent need for and secure connectivity options and resilient supply chains. IMEC offers a critical response to these disruptions by providing an alternative and reliable trade route. With the right mix of infrastructure investment, diplomatic engagement, and institutional coordination, IMEC can become a cornerstone of 21st-century connectivity, linking continents and creating new avenues for shared prosperity. For India specifically, IMEC offers the perfect opportunity to look beyond the US tariff war, to explore all necessary steps to safeguard its national interests and economic security. This article is authored by Rajeev Agarwal (retd), senior research consultant, CRF, Chintan Research Foundation, New Delhi.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store