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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
India preferred hub for manufacturing, GCCs: Experts at H...
PTI · 2026-06-20 · via Economy News, Latest Economic News Today | The HinduBusinessLine

India’s policy reforms, skilled workforce, competitive costs and robust digital infrastructure are positioning the country as a preferred destination for advanced manufacturing and Global Capability Centres (GCCs), industry leaders said at a roundtable in Houston.

The event, titled “India Spotlight: Strategic Insights for Advanced Manufacturing and Global Capability Centres" was hosted on Thursday by the Consulate General of India in Houston.

It brought together business executives and industry experts to explore opportunities for expanding India-US economic collaboration.

Opening the session, Consul General of India in Houston D C Manjunath highlighted India's ongoing economic reforms, investor-friendly policies and incentive programmes aimed at strengthening the country's position as a global manufacturing and innovation hub.

Experts from ICICI Bank, JLL India and US-based engineering and technology firm KBR discussed the rapid growth of India's GCC ecosystem, noting that more than 100 new centres are being established annually across sectors ranging from technology and engineering to financial services and healthcare.

The panel, moderated by Kishan Kunal, head–MNC USA at ICICI Bank, featured Atul Jain of ICICI Bank, New York, Yogesh Shevade of JLL India and Natasha Frausto of KBR Inc.

Panellists underscored India's advantages, including a large pool of skilled talent, sector-specific industrial clusters, competitive state-level incentives, expanding physical and digital infrastructure, and government initiatives such as the Production Linked Incentive scheme, which have strengthened the country's attractiveness for multinational investments.

They also highlighted the growing role of GCCs as strategic hubs for innovation, research, engineering and business operations, with India emerging as the world's leading GCC destination.

The roundtable facilitated discussions on strengthening India-US partnerships in trade, technology and innovation while showcasing opportunities for global companies looking to expand their footprint in India.

The Consulate General of India reaffirmed its commitment to promoting deeper commercial engagement and facilitating partnerships that contribute to the growing strategic and economic relationship between India and the US.

Published on June 20, 2026