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Times of Oman
a day ago
- Business
- Times of Oman
"New chapter in India-UK economic partnership," PM Modi lauds signing of CETA
London: Prime Minister Narendra Modi on Thursday hailed the signing of the Comprehensive Economic and Trade Agreement (CETA) as a new chapter in the India-UK relationship. PM Modi said that the deal represents India and UK's commitment to enhance trade ties. In a post on X, he said, "A new chapter begins today in the India-UK economic partnership! The signing of the Comprehensive Economic and Trade Agreement (CETA) reflects our shared commitment to enhancing trade, driving inclusive growth and creating opportunities for farmers, women, youth, MSMEs, and professionals." "Labour-intensive sectors such as textiles, leather & footwear, marine, gems & jewellery, organic chemicals, plastics, auto parts, artisanal products and services are poised for strong growth. This will ensure further acceleration of India's journey towards becoming a global manufacturing hub. India-UK CETA will add momentum to the 'Make in India' led growth and export promotion. This agreement will also provide Indian consumers with high-quality goods at competitive prices. The future indeed holds the promise of greater prosperity and deeper ties between our nations!" he added. Earlier in the day, while addressing a joint press conference, PM Modi lauded the signing of the landmark India-UK Free Trade Agreement (FTA), stating that the agreement marked a significant milestone in bilateral relations between the two nations. During a joint press statement with UK Prime Minister Keir Starmer, PM Modi highlighted the enhanced market access and economic opportunities for both nations while expressing gratitude for the warm hospitality he received during his official visit to the country. "First of all, I would like to express my heartfelt gratitude to Prime Minister Starmer for the warm welcome and gracious hospitality. Today marks a historic day in our bilateral relationship. I am pleased to note that, after many years of hard work, the Comprehensive Economic and Trade Agreement between our two countries has been concluded," PM Modi stated. The much-awaited landmark India-UK FTA was signed in the presence of PM Modi and Keir Starmer, providing greater access to goods and services between the two countries. PM Modi is currently on a two-day official visit to the UK.
Time of India
6 days ago
- Business
- Time of India
Rahul Gandhi Slams ‘Make in India', Says India Just Assembling, Not Manufacturing
Congress leader Rahul Gandhi visited Delhi's Nehru Place, Asia's largest electronics market, to gain firsthand insight into the realities of India's electronics and manufacturing sector. Engaging directly with shopkeepers, technicians, and traders, Gandhi inquired about the origin of the products sold and was quick to highlight India's continued reliance on Chinese imports. He pointed out that despite the government's strong push for the 'Make in India' initiative, much of the activity on the ground amounts to little more than assembly work rather than full-scale domestic manufacturing. Gandhi emphasized the urgent need for policy reforms that go beyond slogans and deliver real support for small businesses, which he said are the backbone of the Indian economy. He stressed the importance of strengthening local supply chains and building true manufacturing capabilities to reduce import dependency and create sustainable employment. His visit aimed to spotlight the gap between political narratives and economic ground realities.#RahulGandhi #NehruPlace #MakeInIndia #LocalManufacturing #ChineseImports #SupportSmallBusiness #ElectronicsMarket #IndiaEconomy #GroundReality #CongressVoice #ManufacturingMatters #IndiaVsChina#AtmanirbharBharat Read More
Time of India
6 days ago
- Business
- Time of India
‘80% of TV components come from China': Rahul Gandhi says, ‘Make in India is just assembly, not manufacturing'; calls for 'ground-level change'
NEW DELHI: Leader of Opposition on Saturday called for a "ground-level change" to make India a true manufacturing power. He said under the name of ' ', the country is merely assembling products and not actually manufacturing them. Tired of too many ads? go ad free now In a post on X, formerly known as Twitter, he said, 'Do you know that 80% of the components of most TVs made in India come from China? In the name of 'Make in India', we are merely assembling, not truly manufacturing. From iPhones to TVs – the parts come from abroad; we just put them together." The Congress leader also pointed out at the structural issues and said, 'Small entrepreneurs want to manufacture, but there's neither policy nor support. On the contrary, heavy taxes and the monopoly of select corporates – which have gripped the country's industry.' Gandhi also focused on the fact that unless India becomes self-reliant in production, discussions around jobs, growth, and 'Make in India' will remain 'mere speeches.' He said, 'Ground-level change is needed so that India moves beyond the assembly line to become a true manufacturing power and can compete with China on equal footing.' In his earlier speeches, Gandhi had cited government data to argue that 'Make in India' has failed to revive the manufacturing sector, noting, 'India's manufacturing share in GDP has fallen from 15.3% in 2014 to 12.6%, the lowest in 60 years.' Highlighting the urgency for policy overhaul, Gandhi had earlier said, 'China has been working on batteries, robots, motors, and optics for the last ten years, and it has at least a ten-year lead on India in this space.' Tired of too many ads? go ad free now 'As the world stands on the brink of a technological and economic revolution, India needs a new vision for growth, production, and participation, one that directly addresses our two biggest challenges: the job crisis and the lack of opportunity for 90% of Indians.' 'Jobs come from production, which Make In India has failed to revive. But we have an opportunity with the revolution in energy and mobility, with renewable energy, batteries, electric motors and optics, and AI to bring these together. India must master a central role in this revolution, and boost production to give our youth hope for the future,' he had said.
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Business Standard
6 days ago
- Business
- Business Standard
Under 'Make in India', we're assembling, not manufacturing: Rahul Gandhi
Calling for a ground-level change needed to make India move beyond the assembly line to become a true manufacturing power, Leader of Opposition (LoP) in Lok Sabha Rahul Gandhi on Saturday stated that India in the name of "Make in India" is merely assembling products and not truly manufacturing them. Gandhi, in a post on X, stated that 80 per cent of the components of most TVs made in India come from China. He further pointed out that a lack of policy and support, along with heavy taxes and the monopoly of corporations, are stopping small entrepreneurs who want to manufacture. "Do you know that 80 per cent of the components of most TVs made in India come from China? In the name of 'Make in India', we are merely assembling, not truly manufacturing. From iPhones to TVs - the parts come from abroad; we just put them together," the former Congress President said. "Small entrepreneurs want to manufacture, but there's neither policy nor support. On the contrary, heavy taxes and the monopoly of select corporates - which have gripped the country's industry," he added. Gandhi further emphasised that until India becomes self-reliant in production, talks of jobs, growth, and "Make in India" will remain mere speeches. "Until India becomes self-reliant in production, talks of jobs, growth, and 'Make in India' will remain mere speeches. Ground-level change is needed so that India moves beyond the assembly line to become a true manufacturing power and can compete with China on equal footing," the Congress leader said. Gandhi had earlier, during the winter session in the Parliament, alleged that the Modi government's 'Make In India' initiative has failed to revive its share of manufacturing in GDP, which has come down from 15.3 per cent of GDP in 2014 to 12.6 per cent, which is the lowest in the past 60 years. He had said that China has been working on batteries, robots, motors, and optics for the last ten years, and it has at least a ten-year lead on India in this space. "As the world stands on the brink of a technological and economic revolution, India needs a new vision for growth, production, and participation--one that directly addresses our two biggest challenges: the job crisis and the lack of opportunity for 90 per cent of Indians," Gandhi posted on X later. "Jobs come from production, which Make In India has failed to revive. But we have an opportunity with the revolution in energy and mobility - with renewable energy, batteries, electric motors and optics, and AI to bring these together. India must master a central role in this revolution, and boost production to give our youth hope for the future," he said. "Although China is 10 years ahead, we can catch up - with the right vision. An INDIA government would realign education, enlist experts, widely spread finance, and align our trade and foreign policies. Production is also the foundation of our national security. In a world where wars are not fought between armies but between industrial systems, our dependence on Chinese imports like motors and batteries puts us at risk," he added.
News18
16-07-2025
- Automotive
- News18
'My Make-In-India Mahindra...': Milind Deora Welcomes Tesla To Indian Market, But...
Last Updated: Shiv Sena leader Milind Deora's statement came after Tesla opened its very first showroom in India on Tuesday. A day after Tesla opened its first showroom in India, Shiv Sena MP Milind Deora on Wednesday welcomed the automaker's entry into the Indian market. While the Rajya Sabha member hailed the Maharashtra government for its efforts to bring Tesla to Mumbai, he applauded the Indian automobile company, Mahindra, and showed confidence that Indian EVs will soon take on global giants. Taking to X, the Shiv Sena leader wrote, 'Kudos to Maharashtra Government for bringing Tesla to India." 'While Tesla remains aspirational, its innovation is slowing. My Made-in-India Mahindra Automotive, with cutting-edge indigenous tech, shows Indian EVs are gearing up to take on global giants," he added. Kudos to #Maharashtra Government for bringing @Tesla to India. While #Tesla remains aspirational, its innovation is Made-in-India @Mahindra_Auto BE, with cutting-edge indigenous tech shows Indian EVs are gearing up to take on global giants. @makeinindia #MakeInIndia — Milind Deora | मिलिंद देवरा (@milinddeora) July 16, 2025 Deora's statement came after Tesla opened its very first showroom in India on Tuesday, right in the heart of Mumbai's Bandra Kurla Complex (BKC), marking a big step for the electric vehicle (EV) giant as it enters the world's third-largest automobile market. Anand Mahindra On Tesla's India Entry Welcoming Tesla to India, Anand Mahindra added, 'Competition drives innovation, and there's plenty of road ahead. Looking forward to seeing you at the charging station." Welcome to India, @elonmusk and @ of the world's largest EV opportunities just got more exciting. Competition drives innovation, and there's plenty of road ahead. Looking forward to seeing you at the charging station. — anand mahindra (@anandmahindra) July 15, 2025 According to reports, two of Tesla's most well-known models, the Model Y and Model 3, will be displayed at the showroom. The Model Y will likely be the first Tesla car on sale in the country. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
