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India on track to hit $1 trillion export goal by FY27, says Commerce Minister
Developing
Business·16h agoAI summary

India on track to hit $1 trillion export goal by FY27, says Commerce Minister

India's Commerce Minister Piyush Goyal is confident the country will achieve its $1 trillion export target by FY27, despite West Asia challenges. He cited progress, FTAs, and ease of doing business, noting discussions with the US on a trade pact are finalized pending India's tariff advantage. Goyal also highlighted support for AI startups and Mumbai's potential for data centers.

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Economic Times
Amazon's India Strategy: Building Infrastructure for Quick Commerce Dominance
Developing
Business·2d agoAI summary

Amazon's India Strategy: Building Infrastructure for Quick Commerce Dominance

Amazon is investing heavily in India's quick-commerce sector by building a vast physical infrastructure of collection points, processing plants, and micro-fulfillment centers, partnering with over 16,000 farmers. This strategy focuses on enhancing the supply chain with advanced cold-chain solutions and AI forecasting to ensure efficient delivery of fresh produce, aiming to redefine grocery competition beyond just speed.

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Economic Times
US Commerce Secretary Expresses Concern Over ASML EUV Machines in China
Developing
Business·1d agoAI summary

US Commerce Secretary Expresses Concern Over ASML EUV Machines in China

US Commerce Secretary Howard Lutnick has reportedly raised concerns with ASML executives about the potential presence of the Dutch chipmaker's advanced EUV lithography machines in China, a move that would violate US export controls. ASML denies any such machines are in China, while the US Commerce Department claims to have evidence but has not shared it. The situation highlights ASML's critical role in AI chip production and the geopolitical implications of advanced technology.

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TechCrunch