DFM ---ADX ---
2hIndia Dismisses US Concerns Over Industrial OvercapacityBusiness
3hIndia’s Strategic Push to Attract Foreign Bond InvestmentBusiness
3hChina Inc. Quietly Replaces Staff with AI to Dodge ScrutinyBusiness
3hUAE’s Industrial Sector Sees Massive Growth and Job SurgeBusiness
3hDubai Islamic Bank Secures $1 Billion in Major Sukuk IssuanceBusiness
3hGold Prices Drop to 11-Week Low Amidst Wall Street’s Bullish OutlookBusiness
4hDubai Remains a Top Global Hub for EntrepreneursBusiness
4hUAE Records Dh17.4 Billion Federal Surplus in 2025Business
6hHow Ras Al Khaimah and the UAE are Architecting the Future of Tech-Driven GovernanceBusiness
8hRiyadh Air Takes Flight: Saudi Arabia’s Bold New Aviation AmbitionBusiness
12hSpaceX IPO: How Investors in the UAE Can Get InvolvedBusiness
1dEmirates and Real Madrid extend historic partnership until 2031Business
1dRegional Instability Costs Gulf Nations Over Dh550 Billion in Energy RevenueBusiness
1dGulf Aviation’s Resilience Faces New Test Amid Regional ConflictBusiness
1dAI is Quietly Revolutionizing Wealth Management Across the UAEBusiness
1dOil Markets Prepare for a Post-Hormuz SurplusBusiness
1dGlobal Peace Index Report Reveals Largest Drop in World Peace in Two DecadesBusiness
1dUAE Sets Ambitious Target to Automate Half of Government Services with Agentic AIBusiness
1dOPEC+ Policy vs. Market Reality: The Growing DisconnectBusiness
1dNew VAT Refund Rules Offer Major Savings for UAE HomebuildersBusiness
1dUAE’s Retail Market Set to Hit $227 Billion as Innovation and Luxury Drive DemandBusiness
1dThe Global Cost of Middle East Conflict: A $3.5 Trillion ThreatBusiness
1dGold Prices Dip: UAE Shoppers Rush to Buy as Jewellery Demand SurgesBusiness
1dSpiceJet Faces Financial Crisis Amid Pilot Pay DelaysBusiness
1dBitcoin Drops to $60,000 as Institutional Investors RetreatBusiness

India Dismisses US Concerns Over Industrial Overcapacity

Wed, Jun 10, 2026(2h 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.