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Tamil Nadu: Tamil Nadu bets on 2024 global investors meet; eyes bigger investment commitments

Tamil Nadu has targeted to become a USD 1 trillion economy by 2030 and has been showcasing itself as the "gateway to endless opportunities". The ruling DMK, which is set to organise its maiden Global Investors Meet (GIM), has been seeking investments from overseas investors through visits to Japan, Singapore and Dubai.
Tamil Nadu United Arab Emirates Uttar Pradesh Hon Hai Technology Group Renault Nissan Automotive India Pvt Ltd Tamil Nadu Industries

India holding up on the FDI front

This situation could change rapidly, though, with FDI into China having stalled this year as companies review their global investments. There is a small window during which manufacturing supply chains will be rewired, and India is among a clutch of emerging economies that have positioned themselves as candidates in a China Plus One model. It is trying to catch up in infrastructure and logistics.
China Plus One Supply Chains Economic Recovery Market Opportunity Vendor Chains

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Gov't ups 2024 R&D budget for chips, batteries, cars by 5.8% to $1.5 bil.

The government increased the 2024 research and development (R&D) budget for chips, batteries, displays, bio, future cars and robots by 5.8 percent compared to this year to 2 trillion won ($1.5 billion), aiming to bolster competitiveness in the key industries, according to the Ministry of Trade, Industry and Energy, Monday.
South Korea Ch Ungch Ong Bukto Lg Energy Solution Ochang Evaluation Institute Of Industrial Technology Korea Institute For Advancement Of Technology Lg Energy Solution

China starts zero-tariff treatment for 6 least-developed African countries

The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China’s cooperation with other markets.
Inner Mongolia Nei Mongol Democratic Republic Of The Congo Tang Lixia Sarah Wang Shen Shiwei

Red Sea crisis tests resilience of vehicle supplies

The Red Sea crisis continues to affect world trade, with rising costs as most carriers avoid the region amid mounting risks. The vehicle industry is anticipated to bear the brunt of the disruptions, industry insiders have told the Global Times.
Red Sea Djibouti General Cui Dongshu European Automobile Manufacturer Association Chain Management Co China Association Of Automobile Manufacturers

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