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The Centre on Thursday said that significant improvements have been made in the power sector, and efforts made to address the viability concerns faced by power distribution companies (discoms) and the broader industry issues. Speaking at the CII Annual Session 2023 being held here, Raj Kumar Singh, the Union Minister of Power, New and Renewable Energy stated, "We have taken on challenges that would have deterred you, one of them being viability. We have effectively taken care of this ...
Power Minister highlights sector reforms, challenges at CII Annual Session
Well-known industrialist and owner of Thiagaraja mills, Karumattu T. Kannan passed away at his residence in Madurai on Tuesday. He was 70. He was associated with several industrial bodies of South India, including the Confederation of Indian Industry (CII) and the Southern Indian Mills association. He was also the 'Thakkar' of the famous Madurai Sri Meenakshi Sundareswar temple. Kannan was the President of Thiagarajar Colleges and a member of the state planning commissi...
Tamil Nadu industrialist Karumattu T. Kannan passes away
Investments by Indian companies in the US have almost doubled since 2020, says a seventh edition of an annual report put together by the Confederation of Indian Industry. The number of Indian companies in the US went up by only 8, from 155 to 163, but the cumulative investments grew from $22 billion in 2020 to $40 billion in 2023. Total US investments in India stood at $59.1 billion. These Indian companies, which include Mahindra, Tata Sons and Tata Consultancy Services, Infosys, and...
Major jump in Indian investments in US, says report
Commerce and Industry Minister Piyush Goyal said that high targets must be set in the India-Italy partnership as there is a lot of new potential especially in light of the recently elevated Strategic Partnership. The Minister elaborated on how a plethora of opportunities in India make it one of the world's most trusted business and investment destinations during his address at the CEOs Business Interactive session in Rome, Italy. He said that India is an open country with global ...
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal
Commerce Minister Piyush Goyal has said that there is a huge delta of opportunities in India, which is on a growth trajectory. Goyal, who is currently on a tour of France, while addressing the India-France Business Summit and CEOs Roundtable in Paris on Tuesday, said: "We are one of the largest consumers of goods and services. Exports of goods and services are growing by over 50 per cent, and we hope to continue this growth trajectory. We hope to see our exports of goods and services ...
`Huge delta of opportunities in India`: Piyush Goyal at India-France business summit
Nagaland received various investment proposals of Rs 4,510 in a range of sectors as the 3-day B2B and B2G meets under India's G20 presidency ended here on Thursday in the northeastern state. Officials said that representatives from the business community of Nagaland as well as government departments also had active participation during the Business to Business (B2B) and Business to Government (B2G) negotiations coordinated by Confederation of Indian Industry (CII). A senior official...
Nagaland gets investment proposals of Rs 4,510cr in B20 meet
Nagaland will host the three-day 4th and final B20 session from Tuesday, which is being organised in the northeast as part of the official G20 dialogue forum for the global business community, officials said here on Monday. Officials said that 64 foreign delegates from 29 countries, including the UK and the USA, would participate in the event. The Nagaland government, along with the Confederation of Indian Industry (CII), would offer the delegates the opportunity to interact with ...
Nagaland to host 3-day B20 conference of NE region from Tuesday
Jindal Stainless is currently trading at Rs. 260.80, up by 4.90 points or 1.91% from its previous closing of Rs. 255.90 on the BSE. The scrip opened at Rs. 256.65 and has touched a high and low of Rs. 261.70 and Rs. 256.65 respectively. So far 38321 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 275.00 on 22-Feb-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Jindal Stainless jumps on partnering with CII
The Confederation of Indian Industry (CII) Northern Region on Wednesday organised a business outreach session on sector-wise opportunities and benefits arising out of the India-Australia Economic Cooperation and Trade Agreement (ECTA). The session aimed to brief the industry on the gains for the Indian industry arising out of this Free Trade Agreement (FTA). Tapan Mazumder, Additional Director General of Foreign Trade, Department of Commerce, Union Ministry of Commerce and Industr...
India-Australia ECTA to 'double bilateral trade' to $45bn
The Centre will organise the country's first Global Tourism Summit in April as part of India's G-20 presidency, wherein all the member countries will participate, officials said on Tuesday. CII is the industry partner for the event to be held on April 10-12, in New Delhi. Ahead of the roadshow, Tourism Ministry officials from various northern region states, at an event in CII Northern Region Headquarters, emphasised how G20 will be the Centre's main area to establish I...
First Global Tourism Summit in April as part of G-20 presidency
The Confederation of Indian Industry (CII) has said that its latest Business Confidence Index for the October-December quarter rebounded to highest reading in almost two years of 67.6 from 62.2 in the previous quarter, reflecting optimism around India being in a 'sweet spot' despite the rising global uncertainties. It added the sharp improvement in the value of the index was buttressed by subsiding of concerns around the impending recession and its impact on the Indian economy. The...
Business Confidence Index for October-December quarter rebounds to two-year high of 67.6: CII
Tata Sons Chairman N. Chandrasekaran has been appointed by the government as the Chair of Business 20 India and will lead the business agenda during the country's G20 Presidency, an official statement said here on Wednesday. The Confederation of Indian Industry (CII), India's apex industry body, has been named as the B20 India Secretariat by the government to lead the B20 India process, from December 1, when India's terms as G20 President commenced. Established in 2010...
Tata Sons` N. Chandrasekaran Chair of B20 India, to lead biz agenda
Vikram Shreekant Kirloskar, an eminent industrialist and Vice-Chairman of Toyota Kirloskar Motors passed away after suffering a cardiac arrest late Tuesday. He was 64. His funeral is scheduled for 1 p.m. on Wednesday in Bengaluru, according to family sources. Toyota India tweeted, "We are extremely saddened. At this time of grief, we request everyone to pray that his soul rests in peace." Karnataka Chief Minister Basavaraj Bommai condoled the death. "Heartfelt condolen...
Vikram Kirloskar, Toyota Kirloskar vice-chairman, passes away
The Confederation of Indian Industry (CII) has suggested a cut in personal income tax rates to revive demand -- a move which would benefit 5.83 crore taxpayers who have filed returns for assessment year 2022-23. The industry body gave this suggestion to Finance Minister Nirmala Sitharaman on Monday, during the pre-budget meeting, which she held with industry chambers. CII further suggested reducing the highest 28 per cent GST slab on consumer durables. Further the industry body also ...
CII suggests slashing income tax rates in forthcoming budget
The 15th edition of CII Agro Tech India concluded on Monday that saw the participation of over 20,000 farmers with over 7,500 business queries of Rs 117 crore were received. The key message from the valedictory session of the four-day agri and food technology fair was that farming was a tradition, and passion for people in Punjab and Haryana. The power of research also needs to be given imputes. In his welcome address, Amit Thapar, Chairman, CII Punjab State and President, Ganga Acrowoo...
CII Agro Tech India concludes with over 7.5K biz queries of Rs 117cr
In times when sustainable agriculture has emerged as the issue that needs threadbare discussion, the Confederation of Indian Industry (CII) on Saturday decided to tackle it head-on and suggested measures to help the country achieve it. On this, shifting agriculture to the Concurrent List of the Constitution emerged as the major policy recommendation at a special CEOs' session on policy regulations for agriculture and allied sectors that the CII organised on the sidelines of the 15th ed...
Shift agriculture to Concurrent List: CEOs at CII Agro Tech summit
Sustainable dairy and livestock management practices was the subject of an engaging discussion as part of a special conference at the CII Agro Tech 2022 on Saturday. The conference, with participation from eminent experts and businesses, was part of the events on the second day of the four-day 15th edition of the premier agriculture and food technology fair here. The theme of the event was 'Digital transformation for sustainable agriculture and food security'. In his opening ...
Dairy can transform lives of farmers: Experts at CII Agro Tech
Believing farmer producer organisations (FPOs) can transform agriculture, ITC Chairman Sanjiv Puri on Friday said there are multiple opportunities in Indian agriculture today to achieve sustainable growth and productivity, given the grit and determination of Indian farmers and a proactive government. Speaking at the CII Agro Tech summit 2022 here, Puri, who is also a Chairman of the agro tech, said agriculture is the lifeline of the economy and roughly half of India's workforce is enga...
FPOs can transform Indian agriculture: ITC Chairman Sanjiv Puri
The Confederation of Indian Industry (CII) has done a wonderful job with Agro Tech India by bringing in a synergy between agriculture and industry, and also by bringing all relevant stakeholders at one platform, Vice President of India, Jagdeep Dhankhar, said on Friday at the inaugural session of CII Agro Tech India 2022 here. "Our ultimate aim should be to generate sustainable incomes for our farmers. This will reduce poverty and enhance prosperity for our 'annadatas'. We nee...
CII Agro Tech a synergy between agriculture and industry: Vice President Jagdeep Dhankhar
Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, will visit the UAE on Monday to attend the opening ceremony of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC-2022). Puri is visiting the UAE on the invitation of Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure, and Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC). During his ...
Hardeep Puri to visit UAE on Mon for Abu Dhabi petroleum conference
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said that the world currently is looking at India with great confidence. He said this trust has developed after 8 years of painstakingly building up India’s story. He said structural reforms have been the core agenda of the government, helping us to lay the building blocks for the future.’ The minister noted that India’s billion plus population is the boo...
World currently looking at India with great confidence: Piyush Goyal
With an aim to promote outbound shipments, industry body -- Confederation of Indian Industry (CII) has recommended the government a number of measures, including lowering freight and power costs for exporters and setting up a shipping regulator. CII National Committee on EXIM Chairman and Patton Group's MD Sanjay Budhia also urged for fast-tracking establishment of an export promotion body. He said there is also a need to do an internal export promotion and marketing exercise to get more ...
CII suggests government to lower freight, power costs for exporters to promote outbound shipments
The 25th edition of CII four-day Chandigarh Fair 2022, the Confederation of Indian Industry (CII)'s event, began on Friday here with inauguration by Punjab Governor Banwarilal Purohit. He interacted with small business owners who had set up stalls of dry fruits, frozen foods, carpets, etc. He also took a walk around the auto-exhibit which showcased 16 auto brands at the fair. The Governor also visited the special display of medicinal saplings, put up by CII-Indian Women Network Chan...
Punjab Governor Banwarilal Purohit opens CII Chandigarh Fair 2022
The new 5G technology will help India achieve the next phase of digital transformation, president of industry body CII, Sanjiv Bajaj said. In a statement issued by CII, Bajaj said: "The nation is relying heavily on 5G to be a game-changer in enabling new use cases and improving efficiency across every industry. With this launch (of 5G), we are moving towards an inclusive digital transformation ensuring that digital technologies are universally available, accessible, and ado...
CII lauds launch of 5G technology
The demand for homes in the city peripheries continues to remain strong -- with at least 42 per cent respondents preferring to buy a home there. Even while daily life has reached near normal (like the pre-pandemic) with schools and most offices reopening, homebuyer preferences haven't really altered in the first half of 2022. A consumer sentiment survey by the Industry body CII and Anarock said that homebuyers still prefer to live in the peripheries probably because of their inclina...
Demand for homes in city periphery continues to remain strong
CII has said that the circular by the Ministry of Finance regarding imposition of 45 per cent export duty on low grade iron ore and enhancement of export duty on iron ore from 30 per cent to 50 per cent (all grades) will have cascading and adverse impact over Indian Iron Ore mining industry. CII said the earlier regime (NIL duty on below 58Fe and 30 per cent duty on above 58Fe) was apt for India. The 30 per cent duty on above 58Fe ensured domestic need was given priority, including that of...
CII seeks withdrawal of export duty on low grade iron ore
With an aim to spur economic activities, the Confederation of Indian Industry (CII) president Sanjiv Bajaj has asked the Central government to contemplate reducing the personal income tax rates. He also said the country's underlying growth drivers are strong and the economy would grow in the range of 7.4 per cent to 8.2 per cent in the next fiscal. He noted that ‘putting more money in the pockets of the consumers is of vital importance to revive consumption demand in the economy. Th...
CII urges govt to contemplate reducing personal income tax rates to spur economic activities
The results of a recent poll conducted by CII among its top industry CEOs reveal that while expectations of monetary tightening are pervasive, given the sharp increase in inflation and heightened inflation expectations, overall outlook for H1 FY23 looks robust. Reflecting on their own company prospects, a major share of the CEOs revealed an upbeat sentiment- as 44 per cent of them felt that their company's revenue growth would be in the range of 10 per cent to 20 per cent during first ...
Industry Sentiments Upbeat For H1 FY23: CII
At a meeting of CII National Council held here on Thursday, R. Dinesh, Executive Vice Chairman, TVS Supply Chain Solutions, has been elected as President Designate for 2022-23. He has been the Chairman of CII Southern Region during 2018-19 and has held several positions in CII as Chairman of national committees on logistics, CII Family Business Network India Chapter Council, CII Tamil Nadu State Council, and CII Institute of Logistics Advisory Council, to name a few. Dinesh is an associ...
R Dinesh elected President Designate of CII for 2022-23
Pitching for the simplification of Goods and Services Tax (GST) structure, the Confederation of Indian Industry’s (CII’s) President Sanjiv Bajaj has suggested that electricity as well as fuel should be brought under the GST ambit as that will help make the industry more competitive. He also suggested that the number of tax slabs under the GST should be brought down to three. Further, he said there is justification for keeping sin and luxury goods in the highest slab. The presid...
CII`s President pitches for simplification of Goods and Services Tax structure
The industry body -- Confederation of Indian Industry’s (CII) newly-elected President Sanjiv Bajaj has expressed optimism that the Reserve Bank of India's (RBI’s) decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation. He said ‘I do believe that we are now in an era of higher interest rates. This will help us bring down inflation, at least a part of that going forward’. He said various factors combined with...
RBI’s decision to raise interest rates, likelihood of good monsoon to help contain inflation: CII President
The newly-constituted National Council of Confederation of Indian Industry (CII) has elected its new office-bearers for the year 2022-23. Bajaj Finserv Ltd Chairman and Managing Director Sanjiv Bajaj has assumed office as the President of CII for 2022-23, succeeding Tata Steel Ltd CEO & Managing Director T.V. Narendran. Engaged with CII for many years at the state, regional and national level, Bajaj was the President-Designate for 2021-22 and the Chairman of the Western Region durin...
CII elects new office-bearers for 2022-23, Bajaj Finserv MD takes over as President
The Confederation of Indian Industry (CII) and the US Chamber of Commerce's US-India Business Council (USIBC), co-hosted an exclusive roundtable for business leaders and investors with Finance Minister Nirmala Sitharaman in Palo Alto. The roundtable was attended by senior executives, private sector business leaders, venture capitalists, institutional investors, and representatives of pension and endowment funds, representing combined assets under management of over $1 trillion. Mode...
FM Nirmala Sitharaman engages investors in Silicon Valley
Expressing optimism over India’s economic growth, the Confederation of Indian Industry’s (CII) President TV Narendran has said that the country’s economy is likely to grow 7.5-8 per cent this fiscal year (FY23) with exports playing a key role in the country’s success story. Though, he also said India needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war. He added ‘We are confident that the eco...
India’s economy likely to grow 7.5-8% in FY23 with exports playing key role: CII President
A survey conducted by property consultant Anarock and industry body CII found 56 per cent of respondents expected housing prices to increase in 2022. The respondents expected housing prices to rise in the current calendar year due to inflationary pressure in construction raw materials, coupled with overall operational costs for developers. In the survey, 5,210 participants took part via various digital platforms across tier 1, tier 2, and tier 3 cities. "The survey also identifi...
56% people expect price rise in housing in 2022: CII-Anarock survey
India is witnessing rapid over-the-top (OTT) adoption and according to reports, OTT currently has a 7-9 per cent market share in Indias $27 billion media and entertainment industry (M&E) industry. In fact, by 2030, OTT's market share is expected to increase to roughly 22 percent, according to a recent report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG). India's media and entertainment industry has revived to pre-Covid levels a...
Cloud-driven digital strategy helped us stay ahead in pandemic: Tata Play
The Confederation of Indian Industry (CII) on Tuesday welcomed the Union Budget 2022-23 presented by Finance Minister Nirmala Sitharaman, saying it has set the tone for India's aspiration to be the fastest growing major economy in the world this decade. "The Finance Minister presented a very growth-oriented and transformative Budget, which will not only strengthen the economic recovery currently underway, but also lay the foundation for bolstering the medium to long-term growth po...
Confederation of Indian Industry welcomes 'growth-oriented' Budget
The Confederation of Indian Industry (CII) has requested that the Government should encourage industry to deploy CSR funding towards providing precautionary shots to the community. The industry is ready to contribute an additional 1% under the CSR norms to the national vaccination mission, apart from the mandated 2%, and this can be part of the Budget for a period of 12 months only. Besides, ahead of Union Budget 2022-23, CII has urged state governments to lift restrictions on economic activi...
CII Seeks To Include Additional 1% Under CSR For Booster Dose Vaccination In Budget
A total of 33 awards were presented to companies and academic and research institutions for their industrial innovations at the 27th DST CII Technology Summit 2021 on Friday. The 8th CII Industrial Innovation Awards 2021, conferred by Secretary, Department of Science and Technology, Dr. S Chandrasekhar and past president, Confederation of Indian Industry (CII) and Chairman, CII National Startup Council, Kris Gopalakrishnan, included top 25 Innovative Company Awards, seven awards to academi...
DST-CII tech summit lauds industrial innovations, 33 awards given
Mumbai, December 2021 : Looking at the revolutionizing of each industry in our country, there has been a sudden rise in looking for a strong and reliable alternative to nails, screws, and other bonding techniques which leaves a noticeable mark on the surface. It has been observed that in today's time there has been a rise in the use of adhesive solutions considering the efficiency and easy-to-use features. One of the associate sponsors for the Adhesive and Sealants Summit and Expo is...
Experience the potential of Pentagon Adhesive Tapes in a virtual summit and expo hosted by the Confederation of Indian Industry (CII)
The 8th annual India Sweden Innovation Day 2021 concluded successfully. The one day virtual event was organised in association with the Embassy of India to Sweden and Latvia, Sweden-India Business Council (SIBC), and Confederation of Indian Industry (CII). The seminar was a massive success as it was attended by over 1,300 participants from across the world. The main highlight of the event was the implementation of the partnership of Vinnova, Sweden's Innovation Agency, the Indian Depar...
India Sweden Innovation Day 2021: Concrete roadmap to create circular economy
India will soon come out with a new foreign direct investment (FDI) policy for the space sector, Indian Space research Organisation Chairman K. Sivan said on Monday. In his address at the International Space Conference and Exhibition, organised by Confederation of Indian Industry (CII), on the theme 'Building NewSpace in India', Sivan, who is also Secretary of the Department of Space, said with India opening up its space sector for private players, there has been a lot of interest ...
India to revise FDI policy for space sector: K Sivan
Assuring India Inc that the government is committed towards ensuring policy certainty, Finance Minister Nirmala Sitharaman asked the industry to come forward and take more risks. During her interaction with industry leaders organised by the Confederation of Indian Industries (CII) at Mumbai on Tuesday, she noted that the regulators also had a key role in ensuring the same and the government is working with them as well on this important issue. Praising the risk-taking ability of the sta...
Nirmala Sitharaman assures policy certainty, urges industry to take more risks
Referring to Prime Minister Narendra Modi's target of $400 billion in exports this year, the Confederation of Indian Industry (CII) has called it 'attainable', given the current global situation of post-pandemic economic recovery and rising competitiveness of Indian goods. CII said the strategy for exports along with taking all players on board would yield notable outcomes with the comprehensive policy announcements and will help India take a winning leap forward as a $5 trillion ...
CII calls PM Narendra Modi` target of $400 billion in export this year ‘attainable’
The Central government should relaunch the Pradhan Mantri Awas Yojana (PMAY) with an in-built credit-linked insurance cover for the borrowers, industry chamber Confederation of Indian Industry (CII) has suggested. As per the industry body, the PMAY scheme, which aims to provide housing for all by 2022, falls short of covering the risk of death or disability of the borrower as the loans sanctioned under the scheme do not have an in-built insurance provision. CII Director General Chandraj...
CII suggests mandatory life insurance cover for PMAY borrowers
The Confederation of Indian Industry (CII) in its latest survey report stated that India’s economy is expected to see a swift recovery from the impact of the second wave of COVID-19 as lockdowns were largely designed to limit social gatherings and did not affect economic activities much. About 60 per cent of Chief Executive Officers (CEOs) participating in the survey expect that the recovery in sales of their companies would be better than that in the first wave of the pandemic. CII ...
India`s economy likely to see swift recovery due to limited impact of lockdown: CII Survey
The Confederation of Indian Industry (CII) has said that the Indian economy requires a Rs 3 lakh crore fiscal stimulus, including cash transfer to households through Jan Dhan accounts to spur economic growth amid the pandemic. It also pitched for appointment of a 'Vaccine Czar' for speedy vaccination coverage. It also expects GDP to grow at 9.5 percent in 2021-22 as the strong growth in the second half of the fiscal year will be supported by robust external demand and large-scale cove...
Indian economy requires Rs 3 lakh crore fiscal stimulus to spur growth amid pandemic: CII
Industry chamber -- Confederation of Indian Industry (CII) has said healthy flow of foreign direct investments (FDI) into the country corroborates India’s status as a preferred investment destination among global investors. FDI into the country grew 19 per cent to $59.64 billion during 2020-21. Total FDI including equity, re-invested earnings and capital, rose 10 per cent to the highest ever at $ 81.72 billion during the last fiscal year. It said ‘Despite a very challenging bac...
Healthy flow of FDI corroborates India`s status as preferred investment destination: CII
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