The move, coming just a day before US reciprocal tariffs take effect on April 2, marks a significant push towards resolving longstanding trade disputes.
Over 300 skilled jobs in the local supply chain will be part of new contracts signed with Bridgend-based companies Darlow Lloyd and Sons, Wernick Buildings, and Swansea-based business, Andrew Scott Ltd.
So far in FY 25, the AC industry has seen a good demand amid rising temperatures and increasing disposable incomes.
Rising economic fundamentals, a strong manufacturing sector, and a growing middle class position India as a key player in the global economy despite external challenges.
India's steel industry remains largely unaffected by Trump's tariff hike from 10% to 25%, as exports to the US are minimal, and the domestic market remains strong, per steel secretary Sandeep Poundrik
As investors braced for economic fallout from Trump’s tariff policies, technology stocks bore the brunt of the downturn, with the Nasdaq Composite suffering its worst single-day loss since 2022, plunging 4%.
The GST Council, headed by Sitharaman and comprising her state counterparts, in September 2021, set up a group of ministers (GoM) to rationalize GST rates and suggest changes in slabs. The GoM comprises finance ministers of 6 states.
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