According to top policymakers in the Taiwan government, leading Taiwanese technology firms are considering shifting their manufacturing operations to India in order to reduce their reliance on the Chinese market. Kao Shien Quey, Taiwan’s Deputy Minister for National Development, highlighted the significant potential for collaboration between India and Taiwan in the fields of emerging and critical technologies, such as semiconductor and electronic equipment manufacturing. The Deputy Minister emphasized India’s importance for Taiwanese companies currently operating in China, as they seek to reduce their dependence on the Chinese supply chain. He expressed confidence that in the upcoming months, numerous Taiwanese companies…
Author: Nupur Rohila
Jain International Trade Organization, USA (JITO USA) organized the Entrepreneurship and Innovation Conference in New Jersey, with the participation of 400 attendees from 20 states and 4 countries. The event brought together industry leaders, entrepreneurs, and academic luminaries, fostering knowledge-sharing and inspiring socio-economic growth within the Jain community and the broader global community. Rajeev Pandya, JITO USA treasurer and New York Chapter chairperson, welcomed the participants, highlighting the growth and expansion of the Jain community in NY and the US. He emphasized the importance of nurturing the Jain network for future generations. Consul General of India in New York, Randhir…
According to the Economic Times, Goldman Sachs CEO David Solomon remarked that India is currently on a high growth trajectory, projected to grow at a rate of 6-7% over the next three years. Global CEOs view India as a significant growth opportunity, but they also acknowledge some challenges associated with investing in the country. Solomon expressed surprise at the resilience of the global economy, particularly the United States, over the past year. He mentioned the possibility of a period with low growth (0-1%) and higher inflation (4%), which could feel like a recession. Various macro indicators indicate slowing growth globally,…
MIT has awarded grants to six individuals, including Arjun Balasingam and Vibhaalakshmi Sivaraman, as part of the MIT-Pillar AI Collective initiative. The grants aim to support their research projects financially and provide resources that could lead to the development of commercially viable products or companies. Arjun Balasingam, a PhD student in electrical engineering and computer science, is working on a technology called MobiSee. This innovative technology utilizes self-supervised AI techniques, along with video and lidar data, to enable real-time 3D reconstruction in complex and dynamic environments. MobiSee has the potential for various applications, including mixed reality, navigation, safety, sports streaming,…
India and Iran are making rapid progress in finalizing a long-term agreement that outlines India’s investments in the strategically important Chabahar port. Following intense discussions between senior officials and diplomats from both countries earlier this month, most of the lingering issues related to the port’s development have been resolved. Although a few remaining matters still need to be addressed, it is expected that they will be resolved in the coming weeks. Indian officials plan to visit Iran in the near future with the goal of resolving these outstanding issues. Against the backdrop of shifting geopolitical dynamics and China’s advancements, India…
Johnnie Moore, the former chief of the US Commission on International Religious Freedom (USCIRF), has criticized former US President Barack Obama for his remarks on India. Moore believes that instead of criticizing India, Obama should acknowledge and appreciate the country’s diversity and status as the world’s largest democracy. Moore, an evangelical leader, stated that both India and the United States are imperfect nations, but their diversity is a source of strength that should be commended. He made these comments in response to Obama’s recent CNN interview, where the former president suggested that President Joe Biden should raise concerns about religious…
Biden affirms US support for India’s permanent membership in reformed UNSC and NSG US President Joe Biden has once again expressed the United States’ backing for India’s permanent membership in the reformed United Nations Security Council (UNSC) and Nuclear Suppliers Group (NSG), and has committed to continuing engagement with like-minded partners to advance this objective. Biden has welcomed India’s candidacy as a non-permanent member of the UNSC for the 2028-2029 term, recognizing India’s significant contributions to the UN system, its commitment to multilateralism, and its active involvement in intergovernmental negotiations on Security Council reforms. In a joint statement issued by…
India and the United States strengthened their strategic alliance on the second day of Prime Minister Modi’s “state visit” to Washington, DC, by signing agreements spanning massive defense deals, semiconductors, essential minerals, collaboration in essential and emerging technology, artificial intelligence, quantum computing, telecommunications, and space cooperation. While India will establish a mission in Seattle, the US may introduce in-country renewable H-1B visas and open consulates in Bengaluru and Ahmedabad. Following their delegation-level meetings, US President Mr. Joe Biden stated in answer to a query regarding human rights in India, “Prime Minister (Modi) and I had a terrific discussion on…
US President Joe Biden and Prime Minister Narendra Modi shared lighthearted moments during the state dinner at the White House, showcasing their camaraderie. As both leaders abstain from alcohol, President Biden recounted his grandfather’s advice on toasting without it. Speaking at the grand event, attended by approximately 400 guests, President Biden humorously mentioned his grandfather, Ambrose Finnegan, who used to suggest raising a toast with the left hand when there’s no alcohol in the glass. The audience erupted in laughter, even as the translator attempted to convey the joke in Hindi. Expressing gratitude for the hospitality extended to him, Prime…
India is actively promoting the growth of its semiconductor industry and has implemented a production-linked incentive (PLI) scheme to support this endeavor. During his second day of the US state visit, Prime Minister Narendra Modi met with several American CEOs and extended invitations for increased investment in India. The CEOs included Sanjay Mehrotra from Micron Technology, Gary E Dickerson from Applied Materials, and H Lawrence Culp from General Electric. Discussions also took place with Elon Musk, CEO of Tesla, regarding potential investments in India. The Ministry of External Affairs stated that Prime Minister Modi invited Micron Technology to enhance semiconductor…