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Piyush Goyal rolls out red carpet for Swiss firms to invest in India (Ld)

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New Delhi, June 10: Commerce and Industry Minister Piyush Goyal has invited Swiss companies to expand their footprint in India and take advantage of the country’s dynamic and rapidly growing market.

The minister held a meeting in Bern with the leadership from several premier Swiss companies across diverse sectors and urged them to see India as a strategic hub for manufacturing, talent, and innovation.

The discussions focussed on enhancing synergies between Indian and Swiss enterprises, with a special emphasis on innovation, technology transfer, and sustainable manufacturing, according to an official statement issued on Tuesday.

Goyal assured the business leaders of India’s unwavering commitment to fostering a conducive business environment through transparent regulatory processes, a robust Intellectual Property regime, and pro-investment policy frameworks.

Following these strategic discussions, the Minister chaired two focussed roundtables with sectoral leaders from the Swiss industry —covering biotech and pharma, healthcare, and precision engineering, Defence, and Emerging Technologies.

These sessions, hosted with the support of the Indian Embassy in Switzerland, highlighted India’s scale, affordability, and rising innovation ecosystem.

The Minister called on Swiss businesses to leverage the dedicated EFTA Desk at Invest India for handholding and facilitation support.

He reiterated India’s willingness to work towards regulatory harmonisation and mutual recognition agreements, highlighting India’s proactive stance on building reciprocal bridges to encourage Swiss and Indian investments.

In addition to industry interactions, the Minister also met with members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI).

He lauded the chapter for their contributions and for upholding the high standards and global reputation of the ICAI, while strengthening the India–Switzerland professional and business ecosystem.

Swiss industry leaders across a diverse range of sectors — including biotechnology, precision manufacturing, healthcare, automation, Defence, cybersecurity, and advanced materials — expressed strong confidence in India’s trajectory as a global economic powerhouse and an innovation-led growth destination, the statement said.

Companies commended India’s unique strengths: A vast and dynamic market, growing middle class, world-class engineering and scientific talent, and a policy environment that actively promotes ease of doing business, IP protection, and technology partnerships.

For many, India is not only a promising market but also an ideal base for manufacturing, R&D, and co-creation of globally competitive solutions.

Several firms indicated active interest in forming joint ventures, scaling operations, and localising production to serve both Indian and international markets.

From cutting-edge cancer therapies and cell sciences to industrial automation, fibre optics, space technologies, and digital security, Swiss companies underscored their alignment with India’s developmental priorities and sectoral growth plans.

The sentiment was one of strategic alignment and long-term commitment.

Many participants described India as a natural partner and conveyed readiness to invest in its next phase of growth, not only to tap into domestic demand but to position India as a hub in their global value chains, the statement added.

National

Congress aborted 1995 nuclear test under US pressure, says Nishikant Dubey

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Nishikant Dubey

New Delhi, June 11: BJP Member of Parliament Nishikant Dubey, citing declassified documents, has alleged that the Congress government, under pressure from the United States, aborted plans to conduct a nuclear test in 1995.

He claimed that fear of American backlash influenced the decision, despite initial readiness by then Prime Minister P.V. Narasimha Rao.

“Go back and read the history of how Rahul Gandhi, whom I call ‘Rahul Baba,’ gets scared of America,” Dubey said in a post on X on Wednesday.

“In 1995, Prime Minister Narasimha Rao had decided to carry out a nuclear test, but confidential information was leaked — allegedly by a senior minister or government official — to the United States.”

Dubey further claimed that the leak prompted direct intervention from the US President, who reportedly contacted the Indian Prime Minister’s Principal Secretary via an urgent nighttime telegram requesting a meeting.

“Charge d’Affairs is instructed to arrange a meeting with PMO Principal Secretary Varma for Ambassador Wisner upon his return to New Delhi,” the classified document’s relevant portion shared by Dubey reads.

According to Dubey, this pressure led the Congress government to abandon the test out of apprehension.

“In contrast, when the BJP came to power under Atal Bihari Vajpayee in 1998, we proceeded with the nuclear tests at Pokhran despite facing international sanctions and diplomatic pressure,” he said.

“Prime Minister Modi has shown similar resolve in recent years. Rahul Gandhi should study history and reflect,” Dubey added.

Earlier on Monday, Dubey called for an investigation into the alleged historical ties between the Nehru-Gandhi family and China. He based his demand on “revelation” from declassified documents related to the 1961 Belgrade Summit of the Non-Aligned Movement (NAM).

“Rahul Baba, do you know that at China’s behest, your family’s patriarch Nehru ji created the new gimmick of non-aligned countries? Look at the member countries of the first conference in Belgrade in 1961. After isolating India from both Russia and America, did any country come to India’s defence during or after the 1962 war with China?” Dubey had asked.

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International

Trump says protesters during military parade to face ‘heavy force’

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New York, June 11: US President Donald Trump warned protesters to stay away from the military parade he has planned for Saturday in Washington, to mark the Army’s 250th birthday, asserting that any demonstrators who “hate our country” would be met with “very heavy force.”

Trump made the remarks on Tuesday while visiting Fort Bragg in North Carolina and speaking at an event related to the celebration, which will culminate with the parade that coincides with his 79th birthday. He watched the US Army demonstrate a missile strike, a helicopter assault and a building raid at Fort Bragg, which celebrated the 250th anniversary of that branch of the military, According to media report.

In remarks from the Oval Office before he left for North Carolina, Trump said that protesters who assembled during the military parade would be met with “very big force,” a dark warning that made no distinction between peaceful demonstrations and violent confrontations, noted The New York Times about the development.

Trump boasted about the “amazing day” he planned before saying that any demonstrators would be dealt with harshly. “For those people that want to protest, they’re going to be met with very big force. And I haven’t even heard about a protest, but you know, this is people that hate our country, but they will be met with very heavy force.”

“Trump’s comments came after the president spent several minutes praising his administration’s deployment of thousands of National Guard and Marines in response to protests that had broken out over the weekend in Los Angeles against sweeping federal immigration raids,” said the report.

The episodes of unrest have included burned cars, concrete chunks hurled at officers and robberies at spots like an Apple Store, it added.

Supporters of the California protests who oppose Trump’s immigration crackdowns have said the protests were largely peaceful, and that the episodes of violence have been amplified by Trump’s allies and administration.

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National

Massive infra boost in J&K: Rs 4,224 crore PMGSY package for road projects

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Srinagar, June 11: The Centre has sanctioned a Rs 4224.23 crore package for 316 road projects in Jammu and Kashmir under PMGSY-IV, which is the biggest ever package for the union territory so far since the national flagship rural road development programme was started.

Under the PMGSY-IV programme, a rural habitation as small as 250 human beings will get road connectivity through a total length of 1781.33 km.

The majority of 316 road projects under PMGSY-IV in J&K will benefit the Jammu division, as this division is still poorly connected as compared to the Kashmir division.

While expressing gratitude to Prime Minister Narendra Modi and the Union Rural Development Minister Shivraj Singh Chouhan, Lt Governor Manoj Sinha said that the approved 1781 km road length will provide a major boost to rural road connectivity and usher in a new era of prosperity in the far-flung areas of Jammu and Kashmir.

The L-G said on X, “Grateful to PM Narendra Modi & Union Minister of Rural Development Shivraj Singh Chouhan for sanctioning 316 road projects at an estimated cost of Rs 4224 cr under Batch-I of PMGSY-IV for providing connectivity to 390 number of eligible habitations. J&K is first among all States/UTs which got sanction under PMGSY-IV. It is also biggest ever package sanctioned for J&K under PMGSY. The approved 1781 Kms road length will provide major boost to rural road connectivity and usher in a new era of prosperity in far-flung areas.”

Under PMGSY-III, most of the projects sanctioned pertained to the upgradation of roads, while Rs 377.91 crore were sanctioned for 66 small and medium bridges, but in PMGSY-IV, there are no bridge projects, and the entire amount will have to be used for road length projects.

Under PMGSY-III, Rs 1952.42 crore were used for road connectivity, including upgradation of existing roads, while under PMGSY-IV, the amount sanctioned is for fresh road laying and not for upgradation of existing roads.

The J&K government will have to bear its share of Rs 422.43 crore, while the Union Rural Development Ministry will bear its share of Rs 3,801.80 crore out of the total Rs 4,224.23 crore sanctioned under PMGSY-IV for Jammu and Kashmir.

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