On December 31, 2025, Trump signed a proclamation delaying the increase in tariffs on upholstered furniture, kitchen cabinets, and vanities for another year.
In this op-ed, we discuss how Europe appears to be deepening its engagement with India across maritime connectivity, defense co-production, and AI innovation and governance. A cluster of leadership visits and industrial agreements following the conclusion of the India–EU FTA signals a structural alignment rather than temporary diplomatic momentum.
Sriperumbudur in Tamil Nadu is one of India’s most strategic high-value corridors, propelled by electronics production and a strong global OEM presence, including Foxconn. The region offers a scalable and de-risked platform for investment in India through 2026.
India’s Budget 2026-27 introduces a 2 percent safe harbor for bonded component warehousing and a five-year tax exemption for non-resident suppliers, offering transfer pricing certainty and strengthening India’s role in global manufacturing supply chains.
India’s Supreme Court will revisit the definition of “industry” under the Industrial Disputes Act, 1947, a ruling that could directly influence the interpretation and implementation of the Industrial Relations Code, 2020.
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