The in-person meeting between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi at the recent G7 Summit marked a change in the strained relationship between the two nations. This diplomatic engagement, initiated by Prime Minister Carney, was noteworthy given the severe allegations and political tensions that have...
Treasury Secretary Expects India to Be First to Strike Trade Deal
Treasury Secretary Scott Bessent indicated that India is likely to be the first country to reach a bilateral trade agreement avoiding President Trump's "reciprocal" tariffs, while negotiations with China are currently on hold. At a DC roundtable with reporters during the World Bank and IMF meetings, Bessent said talks with...
Taiwan’s PSMC to Assist in Building India’s Semiconductor Fab
A new agreement between Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) and India's Tata Electronics marks a significant milestone in India's semiconductor industry. This partnership, signed in New Delhi, will establish India's first 12-inch wafer fabrication facility in Dholera, Gujarat. The collaboration involves technology transfer and workforce training, positioning India to...
India Rises as Asia’s Third Superpower
The latest Asia Power Report from Australia's Lowy Institute reveals significant shifts in the power dynamics of Asia, with India emerging as a key player. The report, which assesses national power based on economic relationships, military capabilities, cultural influence, and political resilience, shows India overtaking Japan to become the third...
President Biden to Host Leaders of India, Japan, Australia
President Joe Biden is set to host a summit of the Quad leaders - comprising the United States, Australia, India, and Japan - in his hometown of Wilmington, Delaware. This marks the first time Biden has hosted foreign leaders in Delaware during his presidency, reflecting both his increased time spent...
Tesla in Talks to Set Up India Venture
Tesla CEO Elon Musk has signaled that his electric vehicle company is preparing to enter the Indian market, both in terms of vehicle sales and potentially manufacturing. In a recent interview, Musk stated that like other major nations, India should have access to electric vehicles, implying it is a natural...