Deendayal Port commissions India's first 1 MW green hydrogen plant in Kandla
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In a development aimed at advancing India's clean energy goals , the Deendayal Port Authority (DPA), Kandla, has commissioned the country's first megawatt-scale green hydrogen plant developed under the Make-in-India initiative.The 1 MW plant is the first module of a larger 10 MW green hydrogen facility , for which Prime Minister Narendra Modi laid the foundation stone during his visit to Bhuj on 26 May 2025. The project has been implemented by engineering firm Larsen & Toubro (L&T) and is expected to produce around 140 metric tonnes of green hydrogen annually.The facility was inaugurated by Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal in the presence of Minister of State Shantanu Thakur, Ports Secretary T.K. Ramachandran, and DPA Chairman Sushil Kumar Singh.Speaking at the event, Sonowal said, 'DPA has turned that vision into reality, a shining example of speed, scale, and skill under Maritime India Vision 2030.' He also highlighted the earlier deployment of India's first all-electric green tug at DPA and called on other ports to adopt similar technologies.Minister of State Shantanu Thakur said the plant marked a significant step towards sustainable maritime operations , adding, 'This is a proud moment not just for Gujarat, but for the entire country. The commissioning of this Green Hydrogen plant at DPA highlights India's growing leadership in clean energy, innovation, and self-reliance.'The commissioning of the DPA facility follows a series of pilot projects and policy initiatives across states to integrate green hydrogen in industrial clusters, transport, and refuelling networks.
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Economic Times
16 minutes ago
- Economic Times
'Trump is speaking nonsense against India & Modi is silently listening': Congress slams govt over US' latest tariff threat
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So much for Ab ki Baar Trump Sarkar. So much for BJP MPs hailing Narendra Modi as India's trumpcard.""Despite all the hugs, all the handshakes, all the high-decibel bromance — 'My friend Dolaand' has delivered yet another jolt. What has come of the much-vaunted front-row seat for our EAM at his inauguration? Or for the PM being one of the first to land at the White House?""Tariffs are being slapped. Negotiations are going nowhere. But Asim Munir, the man whose invective was the backdrop for the Pahalgam terror attacks, gets lunch at the White House."This is what happens when foreign policy becomes about image-building, not national interest, he a fresh trade threat against India, Trump on Monday said he will "substantially" raise US tariffs on New Delhi, accusing it of buying massive amounts of Russian oil and selling it for big week, the Trump administration slapped a 25 per cent duty on all Indian goods. The US president also announced a penalty for buying "vast majority" of Russian military equipment and crude oil, but no mention was made in the notification."India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump said in a social media post on Monday."They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he its reaction, India said it will take all necessary steps to safeguard and promote national interest and that the implications of the tariffs are being import of crude oil from Russia has risen from 0.2 per cent of total purchases before the Russia-Ukraine war to 35-40 per cent. New Delhi is the largest buyer of Russian oil after August 1, Trump signed an Executive Order titled 'Further Modifying The Reciprocal Tariff Rates', raising tariffs for over five dozen countries, including a steep 25 per cent for executive order, however, did not mention the 'penalty' that Trump had said India will have to pay because of its purchases of Russian military equipment and House Deputy Chief of Staff Stephen Miller, in an interview to Fox News Sunday, stated that President Trump has said very clearly that 'it is not acceptable for India to continue financing" the Ukraine war by purchasing oil from week, Trump mounted a sharp attack on India and Russia for their close ties and said the two countries can take their "dead economies down together", a remark which prompted New Delhi to say that India is the world's fastest-growing major that the US has a massive trade deficit with India, Trump had said that while 'India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any country."Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine — All things not good!' Trump had announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed trade agreement with India. The US is seeking duty concessions for its agriculture, dairy and genetically modified (GM) foods. India is against giving any concessions in these sectors as they involve the livelihood of millions of small and marginalised Delhi has said that it is studying the implications of these tariffs and is still hopeful of concluding a fair, balanced and mutually beneficial trade far five rounds of negotiations have been held between the two countries. For the next round of talks, the US team is coming to India on August 25. The talks will go on till August historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February the world's third-largest crude importer after China and the US, began snapping up Russian oil that was available at a discount after some in the West shunned it as a means to punish Moscow for its invasion of a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia overtook Iraq and Saudi Arabia to become India's No.1 supplier, with a share as high as 40 per cent at one point of July, Russia supplied 36 per cent of all crude oil, which is converted into fuels like petrol and diesel, that India 2021-25, the US was India's largest trading partner. The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent in imports, and 10.73 per cent in bilateral America, India had a trade surplus (the difference between imports and exports) of USD 35.32 billion in goods in 2023-24. It was USD 41 billion in 2024-25 and USD 27.7 billion in 2024-25, bilateral trade between India and the US reached USD 186 billion. India exported USD 86.5 billion in goods while importing USD 45.3 services, India exported an estimated USD 28.7 billion and imported USD 25.5 billion, adding a USD 3.2 billion surplus. Altogether, India ran a total trade surplus of about USD 44.4 billion with the 2024, India's main exports to the US included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), precious and semi-precious stones (USD 5.3 billion), petroleum products (USD 4.1 billion), vehicle and auto components (USD 2.8 billion), gold and other precious metal jewellery (USD 3.2 billion), ready-made garments of cotton, including accessories (USD 2.8 billion), and products of iron and steel (USD 2.7 billion).Imports included crude oil (USD 4.5 billion), petroleum products (USD 3.6 billion), coal, coke (USD 3.4 billion), cut and polished diamonds (USD 2.6 billion), electric machinery (USD 1.4 billion), aircraft, spacecraft and parts (USD 1.3 billion), and gold (USD 1.3 billion).
Time of India
33 minutes ago
- Time of India
Currency watch: Rupee drops 48 paise to 87.66 against dollar; FII outflows, tariff worries drag
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Time of India
an hour ago
- Time of India
'Trump is speaking nonsense against India & Modi is silently listening': Congress slams govt over US' latest tariff threat
Congress on Monday criticised the central government over U.S. President Donald Trump's announcement of slapping more tariffs on India. "Trump is speaking nonsense against India every day, and Narendra Modi is silently listening to everything," said the grand old party in a post on social media platform X. "Why is Modi so afraid of Trump?," the party asked in its post. 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So much for BJP MPs hailing Narendra Modi as India's trumpcard." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unforgettable Bollywood 2025 moments across the web Learn More Undo — INCIndia (@INCIndia) "Despite all the hugs, all the handshakes, all the high-decibel bromance — 'My friend Dolaand' has delivered yet another jolt. What has come of the much-vaunted front-row seat for our EAM at his inauguration? Or for the PM being one of the first to land at the White House?" "Tariffs are being slapped. Negotiations are going nowhere. But Asim Munir, the man whose invective was the backdrop for the Pahalgam terror attacks, gets lunch at the White House." Live Events This is what happens when foreign policy becomes about image-building, not national interest, he said. ALSO READ: US to 'substantially' raise tariff on India, says Trump, accuses New Delhi of profiting from selling Russian oil Trump's latest threat In a fresh trade threat against India, Trump on Monday said he will "substantially" raise US tariffs on New Delhi, accusing it of buying massive amounts of Russian oil and selling it for big profits. Last week, the Trump administration slapped a 25 per cent duty on all Indian goods. The US president also announced a penalty for buying "vast majority" of Russian military equipment and crude oil, but no mention was made in the notification. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump said in a social media post on Monday. "They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. In its reaction, India said it will take all necessary steps to safeguard and promote national interest and that the implications of the tariffs are being examined. India's import of crude oil from Russia has risen from 0.2 per cent of total purchases before the Russia-Ukraine war to 35-40 per cent. New Delhi is the largest buyer of Russian oil after China. On August 1, Trump signed an Executive Order titled 'Further Modifying The Reciprocal Tariff Rates', raising tariffs for over five dozen countries, including a steep 25 per cent for India. The executive order, however, did not mention the 'penalty' that Trump had said India will have to pay because of its purchases of Russian military equipment and energy. White House Deputy Chief of Staff Stephen Miller, in an interview to Fox News Sunday, stated that President Trump has said very clearly that 'it is not acceptable for India to continue financing" the Ukraine war by purchasing oil from Russia. Last week, Trump mounted a sharp attack on India and Russia for their close ties and said the two countries can take their "dead economies down together", a remark which prompted New Delhi to say that India is the world's fastest-growing major economy. Declaring that the US has a massive trade deficit with India, Trump had said that while 'India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any country. "Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine — All things not good!' Trump had said. These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed trade agreement with India. The US is seeking duty concessions for its agriculture, dairy and genetically modified (GM) foods. India is against giving any concessions in these sectors as they involve the livelihood of millions of small and marginalised farmers. New Delhi has said that it is studying the implications of these tariffs and is still hopeful of concluding a fair, balanced and mutually beneficial trade agreement. So far five rounds of negotiations have been held between the two countries. For the next round of talks, the US team is coming to India on August 25. The talks will go on till August 29. India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022. India, the world's third-largest crude importer after China and the US, began snapping up Russian oil that was available at a discount after some in the West shunned it as a means to punish Moscow for its invasion of Ukraine. From a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia overtook Iraq and Saudi Arabia to become India's No.1 supplier, with a share as high as 40 per cent at one point of time. In July, Russia supplied 36 per cent of all crude oil, which is converted into fuels like petrol and diesel, that India imported. India-US Trade ties During 2021-25, the US was India's largest trading partner. The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent in imports, and 10.73 per cent in bilateral trade. With America, India had a trade surplus (the difference between imports and exports) of USD 35.32 billion in goods in 2023-24. It was USD 41 billion in 2024-25 and USD 27.7 billion in 2022-23. In 2024-25, bilateral trade between India and the US reached USD 186 billion. India exported USD 86.5 billion in goods while importing USD 45.3 billion. In services, India exported an estimated USD 28.7 billion and imported USD 25.5 billion, adding a USD 3.2 billion surplus. Altogether, India ran a total trade surplus of about USD 44.4 billion with the US. In 2024, India's main exports to the US included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), precious and semi-precious stones (USD 5.3 billion), petroleum products (USD 4.1 billion), vehicle and auto components (USD 2.8 billion), gold and other precious metal jewellery (USD 3.2 billion), ready-made garments of cotton, including accessories (USD 2.8 billion), and products of iron and steel (USD 2.7 billion). Imports included crude oil (USD 4.5 billion), petroleum products (USD 3.6 billion), coal, coke (USD 3.4 billion), cut and polished diamonds (USD 2.6 billion), electric machinery (USD 1.4 billion), aircraft, spacecraft and parts (USD 1.3 billion), and gold (USD 1.3 billion).
