Joe Biden invokes Defense Production Act for formula shortage

US President Joe Biden invoked the Defense Production Act to speed production of infant formula and authorised flights to import supply from overseas, as he faces mounting political pressure over a domestic shortage caused by the safety-related closure of the country’s largest formula manufacturing plant. The Defense Production Act order requires suppliers of formula manufacturers … Read more

Eye on US$ 1bn investment, Khattar cabinet approves Haryana Aerospace and Defense Production Policy

The Haryana government Friday approved a policy to spur industrial growth aerospace and defense production sector and place emphasis on creation of an end-to-end ecosystem. The Haryana Aerospace and Defense Production Policy, 2022, aims at attracting investments of at least 1 billion USD and provide employment opportunities to around 25,000 people in five years, an … Read more