OMRON Corporation and Cognizant have entered into a strategic partnership aimed at transforming global manufacturing through seamless integration of Information Technology (IT) and Operational Technology (OT). As part of the collaboration, Cognizant has been selected as the engineering partner for OMRON’s Industrial Automation Business (IAB) products. The alliance brings together OMRON’s advanced automation systems—spanning sensors, servo motors, safety equipment, and robots—with Cognizant’s expertise in cloud...

India’s smartphone and electronics export sector has received a major boost as the United States excluded several consumer electronics from its reciprocal tariff list, giving India a 20% tariff edge over China. According to the India Cellular and Electronics Association (ICEA), this development will make products like iPhones, tablets, laptops, and smartwatches significantly cheaper when exported from India to the US. US Exempts Consumer Electronics...

GreenLine Mobility Solutions, the green mobility arm of the Essar Group, announced a $275 million equity investment to scale up the decarbonisation of heavy-duty road logistics in India. The funding includes a $20 million contribution from Zerodha co-founder Nikhil Kamath. The investment will be used to deploy over 10,000 LNG and electric-powered trucks and establish a nationwide infrastructure of 100 LNG refuelling stations, electric vehicle...

In a significant boost to India’s aerospace manufacturing capabilities, Mahindra Aerostructures Pvt. Ltd. has signed a contract with Airbus to manufacture the fuselage for the H130 helicopter. The agreement was formalized in the presence of Union Civil Aviation Minister Shri Ram Mohan Naidu, during a high-level ceremony at the Ministry of Civil Aviation. The event was also attended by Secretary Civil Aviation Shri Vumlunmang Vualnam,...

Commerce and Industry Minister Piyush Goyal has assured exporters and Indian businesses that the government is actively engaging with the United States to remove the 26 per cent reciprocal tariffs imposed on India. Speaking at the Rising Bharat Summit and after a high-level meeting with export promotion councils (EPCs), Goyal emphasized that there is no need for panic and that solutions are being “explored...

The 90-day deferral of reciprocal tariffs by the United States has been welcomed as a significant relief by Indian exporters, who view the temporary pause as a strategic window to push forward on the long-awaited India-US bilateral trade agreement (BTA). The move is expected to help both sides avoid immediate economic disruption and create room for diplomatic engagement. Exporters Reassured, See Opportunity for Trade Pact...

Indian metal companies are poised for strong domestic expansion in FY26, showing resilience in the face of external trade headwinds such as US-imposed tariffs. Firms like Vedanta, JSW Steel, Hindustan Zinc, and NALCO are doubling down on India’s infrastructure boom and rising domestic demand to drive their growth strategies. Domestic Demand Shields Against Global Volatility Despite the imposition of certain tariffs by the United States on...

India’s passenger vehicle (PV) exports are unlikely to be materially affected by the recent round of US tariffs, according to credit ratings agency ICRA. This assessment follows US President Donald Trump’s announcement of reciprocal tariffs on 60 countries, including a 27% levy on Indian goods, to counter what he described as unfair trade practices. Despite the headline figure, the automobile sector remains outside the purview...

India has introduced new procurement rules aimed at protecting and promoting the domestic iron and steel industry. The move comes amid mounting concerns over a sharp surge in cheaper imports, particularly from China, South Korea, and Japan, which led to record-high steel imports in the last financial year. New Steel Procurement Policy Comes Into Effect As per a gazette notification issued on April 1, the new...

The central government has begun pan-India implementation of the Production Linked Incentive (PLI) Scheme for Textiles, aimed at boosting domestic manufacturing of man-made fibre (MMF) apparel, fabrics, and technical textile products. This was confirmed by Pabitra Margherita, Minister of State for Textiles, in a written response in the Rajya Sabha. PLI Scheme to Enhance Scale and Competitiveness According to the minister, the scheme targets increased scale...