TICE News Roundup: Global Partnerships, US Trade Jolt, Bihar’s Industrial Push & Market Milestone

India’s economic landscape today reflects a mix of bold opportunities and tough challenges — from building bridges with Ethiopia and deepening ties with Germany, to tackling a tariff shock from the US. On the home front, Bihar has rolled out an ambitious industrial package, while the Metropolitan Stock Exchange sealed a major funding milestone. Here’s the full round-up of the day’s top stories!

Top News of the Day

India Meets Ethiopia: PHDCCI Session Opens New Doors for SMEs

At a vibrant session hosted by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi, Indian businesses explored fresh trade opportunities in Ethiopia. Ambassador Molalign Asfaw painted Ethiopia as a young, resource-rich nation eager for Indian investment, citing its 65% youth population, abundant minerals, low power tariffs, and global connectivity via Ethiopian Airlines.

PHDCCI’s Naveen Seth highlighted how Indian SMEs in textiles, agro-processing, IT, and renewable energy could thrive in Ethiopia’s reform-driven economy. The session ended with optimism that India and Ethiopia can jointly shape a future of shared growth.

Indo-German Chamber’s Industry Dialogue 2025: Green & Smart Growth in Focus

The Indo-German Chamber of Commerce (IGCC) gathered 300+ stakeholders in New Delhi for its Industry Dialogue 2025, with discussions spanning energy transition, smart logistics, and the EU-India FTA.

Panels emphasized clean technologies, green hydrogen, renewable financing, and co-innovation, while logistics leaders underlined supply-chain efficiency as key to India’s 2030 goals. The dialogue reinforced how German innovation and India’s scale can accelerate sustainable industrial transformation and resilient supply chains.

FIEO Warns of Severe Impact as US Tariffs Hit Indian Exports

A storm hit India’s exporters after the US hiked tariffs up to 50% on Indian goods, effective August 27. The Federation of Indian Export Organisations (FIEO) warned that $47–48 billion worth of shipments — from textiles to seafood — risk losing competitiveness, especially against Vietnam, Bangladesh, and China.

FIEO called for urgent government support — including credit relief, export incentives, and aggressive trade pacts — to cushion MSMEs. Without swift action, exporters fear cancelled orders, unsold inventories, and eroded market share in America, India’s largest export market.

Bihar Clears Industrial Investment Promotion Package 2025

In a bold push for growth, the Bihar cabinet approved a sweeping industrial package offering free land, tax reimbursements, capital subsidies, and export incentives. The plan aims to generate one crore jobs in five years and position Bihar as a rising manufacturing hub.

The package includes a FinTech City in Patna, modeled on Gujarat’s GIFT City, with ₹408 crore sanctioned. Land has also been earmarked for new industrial parks near expressways. Officials say the incentives mark the beginning of Bihar’s industrial revolution, moving beyond its agrarian roots.

MSE Secures ₹1,000 Crore, Extends CEO Latika Kundu’s Term

The Metropolitan Stock Exchange of India (MSE) has raised ₹1,000 crore in fresh capital, strengthening its liquidity, product innovation, and infrastructure plans. The exchange also reappointed Latika S Kundu as MD & CEO for three more years, signaling continuity in leadership and strategy.

MSE is now focusing on deepening liquidity in equity and derivatives markets, while building a state-of-the-art data center to drive scalability and security. Kundu said the exchange is determined to become a “next-generation exchange — agile, inclusive, and competitive.”