India

AUST STEEL: US 25% Steel Tariffs, Gupta GFG Whyalla Steelworks financial meltdown, South Korea POSCO steel group plans A$40bn in Australia by 2040.

While the US government is considering a 25% import tariff on Australian steel, South Australia’s Whyalla steelworks, owned by Sanjeev Gupta’s GFG Alliance, faces potential closure. Mean while, Western Australia is welcoming investments from South Korea’s POSCO steelmaker. Hypothetically, could POSCO be the ‘white horse’? Image: Whyalla Steelworks

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INDIA’s FOREIGN DIRECT INVESTMENTS INCREASE 24.4% Q1 US$22.4 bil. Non-Renewables Down 81% in 2023-24.

Non-Renewable energy sector plummeted by 81% year-on-year to US$32.57 million in 2023-24. Global cross-border investment announcements totaled US$635 billion in the first half of 2024.   India is on the trajectory of becoming the most-prefered-nation for investments with a democratic government, a legal system and framework inherited from the colonial

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