DFM ---ADX ---
1dUAE and India Boost Consular Cooperation During Delhi TalksBusiness
1dAdani Enterprises Shoots Down Airline Entry RumorsBusiness
1dRakbank Hits Record Profitability in First Half of 2026Business
1dBeyond Compliance: Cultivating a Culture of Safety and WellbeingBusiness
1dChillblast Expands to GCC: UK’s Top PC Maker Joins Ras Al Khaimah’s Innovation CityBusiness
1dADCB Reports Record-Breaking Profits Driven by Robust UAE Economic GrowthBusiness
1dOil Prices Surge to $100 Following Escalating Middle East ConflictsBusiness
1dOil Prices Spike Toward $100 Following Houthi Attacks on Saudi TankersBusiness
2dIndia's Solar Manufacturing Ambitions Hit a Snag Amid Supply ShortagesBusiness
2dDubai Students Launch Global Economic Movement for YouthBusiness
2dEmirates NBD Hits Record Dh16.2 Billion Profit in H1Business
2dCBD H1 profit climbs to Dh1.72b as lending exceeds Dh100bn milestoneBusiness
2dThe Future of Sport: Building Connections Over CompetitionBusiness
2dUAE Healthcare Providers Prioritize Rigorous Credentialing to Boost Talent AcquisitionBusiness
2dEU Grants Conditional Approval for Paramount’s Acquisition of Warner Bros. DiscoveryBusiness
2dGold prices see a slight dip in Dubai as market dynamics shiftBusiness
2dUK Inflation Cools Slightly, Offering Prime Minister Burnham Only Short-Term ReliefBusiness
2dUAE Firms Mandated to Shift to Direct SMS Model by Year-EndBusiness
2dUnited Arab Bank Records Strong Growth in First Half of 2026Business
2dThe AI Investment Dilemma: Big Tech’s Cash Flow Under PressureBusiness
2dAdani Group Weighs Entry Into India’s Competitive Aviation SectorBusiness
2dOil Prices Surge to Six-Week High Amid Middle East TensionsBusiness
3dEtihad Airways, Abra Group Forge Strategic Partnership for Global ConnectivityBusiness
3dJennifer Garner Reprises Iconic Role in New '13 Going on 30' ProjectBusiness
3dUAE Aviation Hits Historic Milestone with 1,000 Registered AircraftBusiness

India Dismisses US Concerns Over Industrial Overcapacity

Wed, Jun 10, 2026(45d ago)Business

India has firmly pushed back against allegations from the United States regarding surplus manufacturing capacity in its textile and steel sectors. Amitabh Kumar, an official from India’s trade ministry, clarified that the country’s production levels should not be viewed through the lens of absolute output, but rather evaluated against the vast requirements of its growing population and domestic consumption. Kumar specifically pointed out that per-capita consumption of steel and textiles in India remains among the lowest in the world, making the narrative of an industrial surplus factually unfounded.

The dispute stems from a Section 301 investigation launched by the U.S. Trade Representative, which scrutinizes policies ranging from industrial subsidies to state financing. While the U.S. has hinted at potential tariffs, suggesting that these industries are creating an unfair trade imbalance, Indian officials argue that these measures are likely being used as leverage to gain broader market access for American agricultural, energy, and defense products. Despite these tensions, New Delhi remains engaged in ongoing negotiations, aiming to finalize a trade agreement that supports its development goals while addressing the concerns raised by the Biden administration.

Comments0
No comments yet. Be the first to share your thoughts.