Latest news with #Indian-manufactured
Time of India
05-08-2025
- Business
- Time of India
India ‘pretends to be a friend' while blocking US goods & 'cheating' on immigration, says Trump aide
Academy Empower your mind, elevate your skills Trade tensions between India and the United States escalated over the weekend after White House Deputy Chief of Staff Stephen Miller accused India of trade protectionism and misusing immigration rules. In an interview on Fox News, Miller claimed that India was 'cheating' on immigration policy and imposing 'massive tariffs' on US products, despite calling itself a close US partner.'India portrays itself as being one of our closest friends in the world,' Miller said. 'But they don't accept our products, they impose massive tariffs on us. We also know they engage in a lot of cheating on immigration policy.'His comments came days after President Trump imposed 25% tariffs on a broad list of Indian-manufactured imports. The move is part of the administration's wider push to address what it sees as long-standing trade imbalances. The US trade deficit with India rose to $45.7 billion in 2024, according to US government remarks added immigration to the list of trade grievances. Though he did not explicitly name the H-1B visa program, his statements were widely interpreted as targeting the high-skilled visa track, which has been dominated by Indian professionals. Indians have consistently received about 70% of all H-1B visas issued has previously pushed to curb the H-1B program, arguing it allows companies to displace American workers. During Trump's earlier term, he helped implement restrictions that narrowed the definition of 'specialty occupation' and increased visa recent language suggests the Trump administration may treat H-1B visas not as workforce tools but as trade leverage — tying future access to India's willingness to lower tariffs or remove market 2024, bilateral trade between the two countries reached $129 billion. US exports to India were valued at $41.8 billion, a 3.4% increase from 2023. Imports from India grew by 4.5% to $87.4 billion. The new tariffs are expected to affect key Indian exports including textiles, electronics, and auto immigration, Miller's use of the term 'cheating' is being viewed as a shift from previous diplomatic messaging. Earlier in 2024, he had refrained from direct criticism of India, stating, 'There is a great partnership, both at the government level and at the people-to-people level, and I fully expect that to continue.'The latest exchange comes amid broader changes in US foreign policy under Trump's second term, which prioritises bilateral deals and pushes an 'America First' trade agenda. Analysts caution that politicising immigration and trade could erode long-term trust between the two appointment last year had already raised concerns in India's tech sector. He has long advocated for restricting both legal and illegal immigration. In the past, he proposed eliminating the H-1B lottery system and introducing longer wait times for international graduates seeking work in the both countries prepare for national elections — India in 2026 and the US in 2028 — diplomatic observers warn that domestic political pressures could increasingly shape cross-border policies. No high-level trade talks have been announced so far.
India Gazette
09-07-2025
- Business
- India Gazette
India seeks critical minerals from Namibia
New Delhi is considering importing uranium from the African nation and hopes to expand trade India is considering importing uranium and other critical minerals from Namibia, while pursuing a wider trade partnership with the African nation, New Delhi's envoy in Windhoek said on Tuesday. Speaking to the news outlet ANI ahead of Indian Prime Minister Narendra Modi's one-day state visit to the country, top diplomat Rahul Shrivastava said the two nations enjoyed very good relations and that India was one of the first to support Namibian independence. "We are interested in critical minerals in Namibia, and some of our PSUs (public sector undertakings) would want to invest here," Shrivastava told ANI. "We are looking at the export of uranium from Namibia to India." New Delhi has been scouting for critical minerals such as lithium, cobalt, and copper from countries such as Zambia, Congo, and Australia. "Through our missions, we are working on trying to get critical mineral assets for exploration and mining," Indian Mines Secretary V.L. Kantha Rao said in February. Modi, who arrived in Windhoek on Wednesday after attending the BRICS summit in Rio de Janeiro, will discuss a variety of trade-related issues with Namibian President Netumbo Nandi-Ndaitwah. In his interview with ANI, Shrivastava said that there had been recent oil and gas discoveries in Namibia and that this was an "area of interest" for India. The African country has expressed an interest in buying Indian-manufactured weaponry. "We will be discussing defense cooperation because Namibia wants to procure defense items from India, and capacity building is one of the important pillars of India-Namibia relations that we will also enhance during the visit," Shrivastava added. During his trip, Modi will pay homage to the founding father of Namibia, Dr Sam Nujoma, address the country's parliament, and interact with the Indian diaspora. He is the first Indian prime minister to visit the African nation in 27 years.
India Gazette
09-07-2025
- Business
- India Gazette
India seeks critical minerals from Namibia envoy
SH New Delhi is considering importing uranium from the African nation and hopes to expand trade India is considering importing uranium and other critical minerals from Namibia, while pursuing a wider trade partnership with the African nation, New Delhi's envoy in Windhoek said on Tuesday. Speaking to the news outlet ANI ahead of Indian Prime Minister Narendra Modi's one-day state visit to the country, top diplomat Rahul Shrivastava said the two nations enjoyed very good relations and that India was one of the first to support Namibian independence. "We are interested in critical minerals in Namibia, and some of our PSUs (public sector undertakings) would want to invest here," Shrivastava told ANI. "We are looking at the export of uranium from Namibia to India." New Delhi has beenscoutingfor critical minerals such as lithium, cobalt, and copper from countries such as Zambia, Congo, and Australia. "Through our missions, we are working on trying to get critical mineral assets for exploration and mining," Indian Mines Secretary V.L. Kantha Rao said in February. Modi, who arrived in Windhoek on Wednesday after attending the BRICS summit in Rio de Janeiro, will discuss a variety of trade-related issues with Namibian President Netumbo Nandi-Ndaitwah. In his interview with ANI, Shrivastava said that there had been recent oil and gas discoveries in Namibia and that this was an "area of interest" for India. The African country has expressed an interest in buying Indian-manufactured weaponry. "We will be discussing defense cooperation because Namibia wants to procure defense items from India, and capacity building is one of the important pillars of India-Namibia relations that we will also enhance during the visit," Shrivastava added. During his trip, Modi will pay homage to the founding father of Namibia, Dr Sam Nujoma, address the country's parliament, and interact with the Indian diaspora. He is the first Indian prime minister to visit the African nation in 27 years. (
India.com
26-06-2025
- Automotive
- India.com
Exclusive: Puneet Anand Reveals Hyundai's Global Export Strategy & Success of Made-in-India Cars
In this exclusive conversation, Puneet Anand, AVP & Head of Corporate Affairs at Hyundai Motor India, offers insights into the company's strategic efforts to position India as a key global export hub. With over 3.7 million vehicles shipped to more than 150 countries over the past 25 years, Hyundai's Chennai plant has become the brand's largest export base outside South Korea. Anand discusses Hyundai's long-term vision for global mobility, the growing demand for Indian-manufactured models in international markets, and how Hyundai is leveraging innovation, quality, and operational efficiency to meet global expectations. From Latin America to the Middle East and Africa, Hyundai's Made-in-India vehicles are making their mark — demonstrating India's growing influence in the global automotive supply chain. This interview also sheds light on the company's partnerships, logistics infrastructure, and future export targets as it continues its journey of 'Progress for Humanity.' Read on to discover how Hyundai is not only transforming mobility at home but also driving India's reputation on the world stage.
Yahoo
18-06-2025
- Business
- Yahoo
Navigating tariffs and diplomacy: the future of India-US pharmaceutical trade
India and the US are on the verge of a trade agreement that will transform commerce between the two largest democracies in the world. The next few weeks of June and July 2025 will be pivotal for their trade relationship as negotiations enter advanced stages. The goal is to take annual bilateral trade between the two nations to $500 billion by 2030 from the current $190 billion. Both sides are aiming to sign an interim agreement by early July, before US President Donald Trump resumes sweeping global reciprocal tariffs following a 90-day pause. The trade deal between India and the US is not just about tariffs, but as much about geopolitics and maintaining strategic diplomatic ties amid global uncertainty influenced by the Trump administration's radical policies. If successful, India will become the first country to sign a bilateral trade agreement (BTA) of such with the US during President Trump's second term in the White House. The pharmaceutical sector is at the cornerstone of the BTA. The US is India's largest trading partner and the largest export market for Indian-manufactured pharmaceuticals, accounting for 31.35% of India's total pharmaceutical exports. Generic drug products account for the majority of this percentage, such that almost half (47%) of all generics used in the US are imported from India. India imposes a 10% tariff on US pharma imports, while the US does not currently charge any reciprocal duties. The US initially exempted pharmaceuticals from a broader tariff on most imports, providing a temporary reprieve for companies in India. This may change amid President Trump's push to encapsulate pharmaceuticals under its reciprocal tariff policy, for which a 26% levy was announced by the US for Indian imports. The threat of sector-specific duties has weighed heavily on the global pharmaceutical industry, but specifically for India and its generic drug sector. GlobalData has been closely monitoring and analysing the Trump administration's new trade policies, with a specific focus on the impact of future potential pharmaceutical tariffs. As part of the BTA negotiations and in light of the tariff threat, India's pharmaceutical industry has proposed several bold measures to overcome these barriers. Some of these include: • Tariff exemptions for pharmaceuticals • Greater access to technology transfer for research and development • Intellectual property legislation reforms for innovative originator medicines • Relaxed export restrictions • Targeted incentives to promote US manufacturing • Low-cost generic drug supply Several reports indicate that India has made substantial tariff offers and market access concessions to avoid punitive US tariffs. More specifically, the Indian Pharmaceutical Alliance, an organisation representing the country's largest pharmaceutical companies, has urged the government to reduce import tariffs from the current 10% to zero for pharmaceutical imports from the US. The question now is whether India can secure similar terms for its pharmaceutical industry in return, given the close ties between Prime Minister Narendra Modi and President Trump and the critical nature of India's generic drug exports to the US healthcare system. However, there is a consensus that the US may not offer full parity in terms of export control easing, but instead that specific drug categories could possibly be exempted. America's concern over India's intellectual property rights (IPR) has prompted the Indian government to consider reforms of its IP and patent laws. India has proposed strengthening its IPR and its Patents Act to end 'evergreening' by US pharmaceutical companies. India has long resisted foreign pressure to revise its patent laws, despite being part of the Trade-Related Aspects of Intellectual Property Rights agreement. On the more negative side for pharma, India is suggesting reducing the patent exclusivity period for innovative drugs from the current 20-year term to expedite the availability of generics in the country. Since India is already a late-launch market for innovative therapies, the reduction of patent exclusivity periods will further delay their entry and market access. Amid President Donald Trump's stated desire to sharply reduce drug prices on the US market, India has also proposed to supply generic medicines at between 20% and 25% of the current reference branded prices, for three years after originator patent expiry. Following the three years, India will introduce an additional 10% to 15% cost reduction for these products over seven years. Generic products already enter the market at a lower price than the originator, so India is effectively offering a financial incentive that the US could accept, given its reliance on Indian-manufactured generics. It comes amid efforts by Trump to control drug prices through an Executive Order that aims to reduce prescription drug prices by up to 80% under the Most Favored Nation rule, which is essentially international reference pricing (IRP). Aside from tariff exemptions, India is also seeking greater access to critical advanced technologies on par with other countries such as Australia, the UK and Japan, to boost its technological infrastructure and innovation in pharma. The US has already made such concessions for certain allies as part of strategic agreements like the AUKUS (Australia/UK/US) partnership. However, concerns over IPR in India mean that the US would be reluctant towards this provision, instead offering alternative exemptions such as technology transfers for trusted partner programmes or project-specific licences for select Indian companies. One example is the recent launch of the India-US TRUST (Transforming the Relationship Utilizing Strategic Technology) initiative, a BTA that aims to catalyse government-to-government, academia and private sector collaboration in key sectors such as biotechnology. Technology transfer for manufacturing purposes in India will be difficult if Trump imposes import duties on pharmaceuticals. As such, the Indian delegation has proposed increasing US manufacturing by Indian pharma companies of active pharmaceutical ingredients (APIs) and the final stages of drug processing. More specifically, India is seeking targeted incentives for its pharma firms willing to establish API and formulation facilities in the US. The Trump administration's push for domestic pharmaceutical production has already resulted in a surge of investments from global pharma companies, as well as India-based companies aiming to enhance their US manufacturing and research and development capabilities. Since India is one of the top generic manufacturers globally and exporters to the US, this proposal is likely to be considered. "Navigating tariffs and diplomacy: the future of India-US pharmaceutical trade" was originally created and published by Pharmaceutical Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
