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India, US must address friction points: Sergio Gor

US Ambassador Sergio Gor emphasized on Tuesday that India and the US must tackle areas of disagreement as equals, establishing reliable tax and regulatory systems to foster a business-friendly atmosphere. Addressing the IACC's national convention in Mumbai, Gor advocated for transparent talks on export controls and robust intellectual property safeguards to encourage investors to confidently invest, develop, and expand in India without fear.

The US ambassador highlighted the recent surge in bilateral trade between the nations, which has surged from USD 20 billion to USD 240 billion over two decades, and expressed optimism about further growth toward US$500 billion by 2030.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

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S-OIL Builds Next-Generation Petrochemical Base with Shaheen Project in Ulsan

S-OIL said on Aug. 18 that its Shaheen Project in Ulsan, South Korea, is designed to establish a cost-competitive and energy-efficient petrochemical production base with greater feedstock flexibility…

  • S-OIL plans Shaheen Project in Ulsan, South Korea for cost-effective petrochemical base.
  • Thermal Crude to Chemicals (TC2C) technology will convert crude oil into petrochemical feedstocks.
  • Project aims to reduce carbon emissions by over 20% and enhance production economics.

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