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India to add $5 billion aircraft carrier to fleet to counter China
Credit: IndiaTimes- Published on November 28, 2023
India is set to acquire its second indigenous aircraft carrier, worth around $4.8 billion, to counter China's naval presence in the Indian Ocean region. The Defense Acquisition Council, led by defense minister Rajnath Singh, is expected to approve the acquisition on Friday. The new carrier will accommodate at least 28 fighter...
Video credit: Wibbitz Top Stories
Published on November 29, 2023 - 01:31
Walmart Shifts US Import Focus From China to India
Walmart Shifts US Import Focus , From China to India .
NBC reports that Walmart has begun importing
more goods to the United States from India
as it reduces its reliance on China. .
According to data seen by Reuters, the world's
largest retailer is looking to cut costs, while also
diversifying the company's international supply chain.
Between January and August of 2023,
one quarter of Walmart's U.S. imports were
shipped from India, compared to just 2% in 2018.
According to bill of lading figures shared with Reuters by
data firm Import Yeti, 60% of the company's imports came from
China over the same period of time, down from 80% in 2018.
NBC reports that the shift illustrates how escalating tensions
between the U.S. and China have encouraged companies to
begin sourcing imports from India, Thailand and Vietnam.
We want the best prices.
That means I need resiliency
in our supply chains. , Andrea Albright, Walmart’s executive vice president of sourcing, via NBC.
I can’t be reliant on any one supplier
or geography for my product because
we’re constantly managing things
from hurricanes and earthquakes
to shortages in raw materials, Andrea Albright, Walmart’s executive vice president of sourcing, via NBC.
Andrea Albright, Walmart’s executive
vice president of sourcing, said that India has
become a key component of the company's
plan to build its manufacturing capacity.
The company currently imports about
$13 billion in goods from India annually. .
In 2020, Walmart committed to import
$10 billion of goods from India annually by 2027.
According to Albright, the company
is on track to hit that goal.
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Rajnath Singh
29th Defence Minister of India since 2019
Credit: IndiaTimes - Published 3 days ago
Defence minister Rajnath Singh on Sunday said if elected to govern again, the NDA govt will implement the "one-nation-one-election" policy in the next five..
Credit: IndiaTimes - Published 3 days ago
Defence Minister Rajnath Singh pledges to implement the 'one nation-one election' policy within the next five years if NDA wins the ongoing elections. He..
Credit: IndiaTimes - Published 3 days ago
Rajnath Singh promises 'one nation-one election' under NDA, criticizes YSR Congress for debt and law issues, pledges corruption-free Andhra Pradesh. Highlights..
Credit: IndiaTimes - Published 4 days ago
Discussing India's position on Pakistan-Occupied-Kashmir (PoK), defense minister Rajnath Singh emphasized that India would not resort to force to reclaim it. He..
Credit: IndiaTimes - Published 4 days ago
Indian Ocean
Ocean bounded by Asia, Africa and Australia
The EU and India have made significant steps in the past years to deepen their security and defence cooperation including counter-terrorism, cyber and maritime..
Credit: IndiaTimes - Published 18 hours ago
IIT Madras researchers have identified the Indian Ocean and the Bay of Bengal as potential storage sinks for huge amount of carbon dioxide (CO2) that can be..
Credit: IndiaTimes - Published 1 week ago
Dassault Rafale
Multi-role combat aircraft family by Dassault
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