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Lauding the role of industry in India's growth story, Vice President Jagdeep Dhankhar said on Friday that the industry alone can catalyse a wholesome development of human resource, especially from the younger demographics. The Vice President said that there is a need to make a platform where every talented person is in a position to exploit his/her talent. Speaking at the inauguration of the 117th annual session of the PHD Chamber of Commerce and Industry (PHDCCI), Dhankhar no...
Industry alone can catalyse wholesome development of human resource: Jagdeep Dhankhar
Shri B B Swain, Secretary, Ministry of Micro, Small & Medium Enterprises, Govt. of India, mentioned that we are moving in the direction of becoming self-reliant and globally competitive. Hand Holding has been provided to the MSME sector through various government schemes and initiatives. Industry 4.0 promises better skilling and training of MSMEs to gain substantial economic benefits. He addressed some of the challenges in this area which needs to be addressed on priority basis ...
India is moving in the direction of becoming self-reliant and globally competitive with Industry 4.0, said Shri B B Swain, Secretary, Ministry of MSME, Govt. of India.
Shri Pradeep Multani, President, PHD Chamber of Commerce and Industry while celebrating the 75 years of India’s Independence in the PHD Chamber said that our Hon’ble Prime Minister Shri Narendra Modi Ji has inspired the 130 crores people with his aspirational speech today from the Lal Quilla. The Hon’ble Prime Minister, Narendra Modi’s 5 pledges for developed India by 2047including Making India a developed nation by 2047, Removing all traces of Colonialism, Taking p...
PHD Chamber lauds Prime Minister Narendra Modi`s Independence Speech
Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry said that 50 bps increase in policy repo rate by RBI is in line with the PHD Chamber’s expectations as many economies are increasing the policy interest rates, however, it will have a significant impact on the costs of doing business, which are already high. Reserve Bank of India, during its Monetary Policy Committee Meeting announcement on 5th August 2022 has decided to increase the repo rate by 50 bps at 5.40%...
Continuous hikes in policy rate escalate costs of doing business: PHD Chamber
Oil is a critical input to the India’s industry and economy. In the short term, oil demand is inelastic to price which means that when oil price increases, the oil import bill increases proportionally. Despite high international oil prices, India's oil import demand has increased significantly during the recent quarters. The recent oil imports challenges the goal set by the Hon'ble Prime Minister, to increase production and reduce reliance on imports. The import bill increase...
Opening of new oil blocks and discovery of small oil fields would boost the oil production and help to reduce imports: PHD Chamber
If you educate a girl you not only educate a family but you educate numerous people in her ecosystem, Ms. Sunita Duggal, Member of Parliament, Government of India. Ms. Sunita Duggal, Member of Parliament, while addressing PHDCCI’s Conference on Women in Power and Decision Making Judiciary | Industry | Sports, held at PHD House, said, in a male dominated society, it is a challenge for women to rise up to her dreams and if it is coupled with being from a down trodden background it is e...
PHDCCI`s Conference on Women in Power and Decision Making Judiciary
Enhance New Markets, New Products & New Technologies, Quality & Volume must grow together to make India Agri & Food Products globally competitive said, Smt Anita Praveen, IAS, Secretary, Ministry of Food Processing Industry, Government of India. PHDCCI organized Conference on Agri, Food & Cold Chain 2022 with THEME:” Need for Diversification in Agriculture and Role of Food Processing & Cold Chain Industry in Doubling the Farmers Income&rd...
Conference on Agri, Food & Cold Chain 2022
Though economic activity showed a gradual pace of recovery in June 2022, a few external sector indicators are impacting the overall economic scenario of the country amid current geo-political realities, said Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry. Out of the 10 lead economic and business indicators of QET (Quick Economic Trends), tracked by the industry body PHDCCI, 6 have shown an increase for the month of June 2022 ...
External sector indicators impacting the overall economic scenario: PHD Chamber
RBI decision to allow rupee transactions in International trade will help to subside price pressures and strengthen India's presence in the International market, said Mr. Pradeep Multani, President, PHDCCI Rupee transactions will enhance trade with better give and take with its trade partners. India as a strong economy is an attractive destination for many economies for trade and investments, said Mr. Pradeep Multani Internationalization of the rupee will explore better com...
RBI move on trade settlements in rupee will strengthen India's International presence and curb price pressures says Industry body PHD Chamber
DISCOMs for Providing Clean Power to Industry. The Chief Guest, Mr Rajnath Ram, Adviser (Power & Energy) NITI AAYOG, in his address suggested that for better financial health of DISCOMs, States should take a call whether to treat Discoms as Commercial enterprises or Social enterprises. He opined that Indian companies should become highly cost competitive in the manufacturing sector for the success of Atmanirbhar Bharat for which robust & empowered DISCOMs are essential. He t...
States must decide whether DISCOMs are treated as Commercial or Social Entities; FIs should not shy away from lending to Clean Tech Projects: PHDCCI
Economic activity has shown an uptick once again in June 2022 after a decline in May 2021 caused by the impact of geo-political developments, said Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry, in a press statement issued here today. The PHDCCI Economy GPS Index for June 2022 has increased to 136.6 as compared to 128.0 in May 2022, said Mr Pradeep Multani. PHDCCI Economy GPS Index captures the momentum in supply side business activity through gr...
PHDCCI Economy GPS Index for June 2022: Economic activity returning to normal - PHD Chamber
Shri Pradeep Multani, President, PHD Chamber of Commerce and Industry, has urged the GST Council to maintain the status quo in the GST rates for essential items, with regard to the ongoing GST Council meeting. We urge the Government to keep certain basic food items exempted from the GST structure i.e. keeping these items under ‘Nil Tax’ to maintain the cost of the basic consumption basket of the households, said Mr. Pradeep Multani. The items proposed to be upgraded in the c...
PHD Chamber urges the GST Council for status quo in GST rates for essential items
Economic activity consolidates in May 2022, in sync with global cues: PHD Chamber Economic activity in May 2021 has witnessed consolidation, which is in sync with the global cues and its impact on inflation, crude oil prices and consumer sentiments, said Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry, in a press statement issued here today. The PHDCCI Economy GPS Index for May 2022 has decreased to 132.4 as compared to 140.6 in April 2022, said Mr Pradeep Multani. ...
PHDCCI Economy GPS Index for May 2022
The Educational Event provided in-depth insights on US immigration and investments via EB-5 Program. Invest In the USA (IIUSA), the membership association for the EB-5 Regional Center industry, in partnership with PHD Chamber of Commerce and Industry, commenced a series of educational events in India for cohesive knowledge-building sessions about the U.S. investment/EB-5 immigration process, project due diligence, and financial & tax planning, etc. The event was conducted across the st...
IIUSA in association with PHD Chamber of Commerce and Industry Commences India EB-5 Passport Roadshow Series
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