India Considers $1 Billion Relief for Footwear Industry Amid Trump Tariffs
India is considering a $1 billion relief package for its footwear industry in response to the 50% tariffs imposed by the Trump administration, which have contributed to a 30% decline in cotton fabric exports. The article also highlights recent developments, including ElevenLabs appointing Karthik Rajaram as General Manager for India and the Lodha Group's agreement for a ₹1 lakh crore investment in data centers.
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India is reportedly planning to provide $1 billion in relief to its footwear industry to mitigate the impact of 50% tariffs imposed by the Trump administration. This move comes as exports of cotton fabrics have dropped by 30%.
In other news, ElevenLabs has appointed Karthik Rajaram as General Manager and Country Head for India, while Novo Holdings acquired a 49% stake in Surya Hospitals. Additionally, the Lodha Group has signed an agreement with the Maharashtra government for a ₹1 lakh crore investment in data centers. Meanwhile, the US Supreme Court is reviewing an independence test related to the Federal Reserve, and the UK is implementing visa incentives to attract global talent ahead of the Davos meeting.
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