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India is preparing a fresh manufacturing push centred on identifying nearly 100 products that are either not produced domestically or are inadequately manufactured despite existing capability, signalling a sharper industrial policy focus amid shifting global supply chains, geopolitical tensions and the country’s ambition to emerge as a global manufacturing hub.The initiative, outlined by Department for…
India is accelerating a strategic shift in defence driven by policy, rising regional tensions and a global surge in military demand, which is giving an impetus to this move. As one of the largest defence spenders, India is increasingly investing in both modernisation and self-reliance.In this year’s union budget, defence capital acquisition budget stood at…
The sustained fall in domestic production has pushed up reliance on imports. (AI image) Highlighting import dependence, India’s crude oil output has declined for the eleventh year in a row in 2025–26. Natural gas production has also slipped for the second consecutive year. The decline in output was largely due to depletion in older fields…
China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…
The US military’s growing reliance on Elon Musk’s SpaceX is reportedly emerging as a potential operational risk. According to a Reuters report, these problems began attracting attention after US military officials faced a series of disruptions affecting their Starlink satellite network. In August 2025, the US Navy conducted a test off the coast of California….
The petroleum sector has urged industry stakeholders to explore ethanol as a clean cooking fuel for households, as part of broader efforts to reduce India’s dependence on imported LPG and expand the biofuel ecosystem.R S Ravi, Director (Downstream) at the Federation of Indian Petroleum Industry (FIPI), raised the proposal while addressing the All India Distillers’…
NEW DELHI: An agreement for cooperation on rare earths and critical minerals, bilateral trade target of $30 billion by 2030 and Global South solidarity in technology that, according to PM Narendra Modi, must be inclusive and act as a bridge for shared progress were among the highlights of Modi’s bilateral meeting with Brazilian President Luiz…
Representative image (AI) The economy of Pakistan is in a risky state due to its over-reliance on short-term foreign loans, according to business leaders and economists. Key figures are calling for urgent negotiations with friendly nations to extend loan repayment periods and implement structural reforms, as reported by Express Tribune.Vice chairman of the Pakistan industrial…
India is in discussions with Brazil, Canada, France and the Netherlands to strike agreements for jointly exploring, extracting, processing and recycling critical minerals, as the country steps up efforts to secure key raw materials for its energy transition.The talks are focused mainly on lithium and rare earth elements, with India also seeking access to advanced…
The United States is preparing to launch a $12 billion critical minerals stockpile initiative aimed at reducing dependence on China for rare earths and other strategic resources, according to a White House official, as Washington intensifies efforts to secure supply chains for key industries, AFP reported.The project is expected to combine about $1.7 billion in…
