News from World

tag: IDE

02 February 2023

Will US-India Strategic Cooperation also have the effect of greater integration of trade value chains between the West and India?

US National Security Advisor Jake Sullivan received his Indian counterpart Ajit Doval at the White House to formally establish a high-level collaboration in the field of defense, but also emerging technologies. [U.S. and India launch high-level defense and tech initiative - washingtonpost.com]. In January 2023, India’s manufacturing sector saw strong growth, as the sector’s seasonally adjusted performance managers’ index (PMI) was 55.4, marking a nineteenth successive monthly improvement in operating conditions, as per a report by S&P Global. [India witnesses robust growth in manufacturing sector in Jan ...- KNN India]

12 January 2023

A startup's direct air capture plant in Iceland is the only major operational carbon removal project in the world

Startup Climeworks says it has come up with a way of making carbon credits more credible. It said today that it now uses a third-party verification process to certify its service of sucking carbon dioxide from the air and storing it underground. It’s the first time a company has achieved that on a meaningful scale using an outside auditor, The Wall Street Journal reported.

20 December 2022

Declining sales in China hurt raw hides and skins exports from the U.S.

Between January and October 2022, packers, traders and tanners in the US exported 25.8 million hides, with a total value of just under $1.1 billion. These figures represent an overall decline of almost 13% in volume and of 8.3% in value compared to the same months last year. [Declines for US hide exports as China sales fall by 25% -Leatherbiz]

14 November 2022

U.S. Leather Industry Applauds Adoption of ‘Leather’ Definition by Textile Exchange

The Leather and Hide Council of America (LHCA), the trade body representing the U.S. hide, skin, and leather industry, applauds fashion industry standards and certification organization Textile Exchange for its recent adoption of an official definition of “leather” as a material created from the hide or skin of an animal. LHCA encourages other organizations and companies in the fashion and footwear sectors to follow suit in order to encourage increased transparency in materials labeling. [LHCA × Textile Exchange: Definition of "Leather" – 360mag.]

26 September 2022

Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India' completed eight years

As the flagship government programme ‘Make in India’ completes eight years, foreign direct investment (FDI) inflow into the country rose to $83.6 billion in fiscal 2021-22 from $45.15 billion in 2014-2015. The current fiscal’s FDI target is $100 billion. FDI came from 101 countries and was invested across 31 states and union territories and 57 sectors. ['Make in India' completes eight years, annual FDI nearly doubles to $83 bn – Economic Times]

28 July 2022

For Western footwear retailers, the Russian market was worth €911 million until 2021

@PublicationsEdm's Shoe Intelligence news outlet estimates that the withdrawal of Western brands has generated huge opportunities for Russian companies to insert their own products or reintroduce Western labels through parallel imports. [How the exodus out of Russia is creating opportunities for locals

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