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Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation Union Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to utilise Rs 1 lakh crore Anusandhan National Research Foundation (ANRF) fund to foster innovation and create a research-based ecosystem in the country.   The talented youth should also be tuned to the mindset of experimenting and developing new ideas under this government initiative, Goyal said during his keynote address at the Federation of Indian Chambers of Commerce and Industry’s (FICCI) event...
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Source: IANS
2024-11-21 04:29:10 pm
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey Demand for affordable homes has nosedived since Covid-19, initially because this segment’s target clientele was financially impacted by the pandemic. However, the ANAROCK-FICCI Homebuyer Sentiment Survey – H1 2024 has identified other pain points. At least 53% homebuyers are dissatisfied with the currently available options in this vital segment across cities. Anuj Puri, Chairman - ANAROCK Group, says, "The top three reasons why prospective affordable h...
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey
53% Affordable Housing Buyers Unhappy With Available Options - ANAROCK-FICCI Survey
Source: ANAROCK Group
2024-10-21 05:06:29 pm
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO Innovation, resilience and growth are truly the hallmark of the Indian fast-moving consumer good (FMCG) sector and the country is emerging as an evolved supply chain for the world, according to Kumar Venkatasubramanian, India CEO, Procter & Gamble.  Speaking at an FICCI event in the national capital, Venkatasubramanian, also the Chair of FICCI FMCG Committee, said that sector is a key simulator of our consumption-led economy. “It plays a pivotal role in driving double-dig...
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO
Source: IANS
2024-10-08 02:58:43 pm
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister  The growth in the fast-moving consumer goods (FMCG) sector -- buoyed by rural demand recovery, easing inflation and favourable monsoon conditions -- will be key to shaping a strong and sustainable economy towards Viksit Bharat, Food Processing Industries Minister Chirag Paswan said on Monday.  Addressing a FICCI event in the national capital, the Minister emphasised the need to ensure that the quality of products should never be compromised as it will not only impact the company...
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister
Source: IANS
2024-10-07 05:12:32 pm
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India India has ushered into a new era of energy transition driven by a shared commitment to advancing the ‘Hydrogen Agenda’, Minister of State for Power and New and Renewable Energy, Shripad Naik, has said.  The Green Hydrogen commitment is a historic opportunity to redefine energy systems, create jobs and secure a cleaner planet for future generations. Addressing the International Conference on Green Hydrogen (ICGH-2024), Naik emphasised the government's unwavering comm...
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
Source: IANS
2024-09-14 10:37:27 am
Financial services sector must grow 20 times towards $30 trillion GDP goal by 2047 In order to achieve a $30 trillion GDP by 2047, India will require a 20 times growth in the financial services sector, with banks playing a pivotal role, a report showed on Thursday.  Future growth will require $4 trillion of capital base in banks, one-third of which will have to be fresh capital deployment, according to the report by Boston Consulting Group (BCG) in association with FICCI and Indian Banks’ Association. India's banking system is in a strong position today...
Financial services sector must grow 20 times towards $30 trillion GDP goal by 2047
Financial services sector must grow 20 times towards $30 trillion GDP goal by 2047
Source: IANS
2024-09-05 01:38:44 pm
Centre plans 74 new tunnels worth Rs 1 lakh crore to bolster highway network In a move to bolster the highway network across the country, the government is planning to build 74 new tunnels at a projected expense of Rs 1 lakh crore over the next few years.  The government has already completed 35 tunnels spanning 49 kms at a cost of Rs 15,000 crore, and now plans to build new tunnels stretching 273 kms. In the meantime, the country has significantly strengthened its tunnelling infrastructure, with 69 tunnels covering a total of 134 kms currently under constr...
Centre plans 74 new tunnels worth Rs 1 lakh crore to bolster highway network
Centre plans 74 new tunnels worth Rs 1 lakh crore to bolster highway network
Source: IANS
2024-09-04 10:49:15 am
India Inc hails PM Narendra Modi's call to state governments to attract investments India Inc on Thursday hailed Prime Minister Narendra Modi's call to state governments to attract investments from global companies towards achieving the ‘Viksit Bharat’ goal.  In the Independence Day address, the Prime Minister said if policies need to be changed, states should adapt them according to global requirements. “If land is required, states should create a land bank. The more proactive the states are in working towards good governance with a single-p...
India Inc hails PM Narendra Modi's call to state governments to attract investments
India Inc hails PM Narendra Modi's call to state governments to attract investments
Source: IANS
2024-08-16 09:03:31 am
India top nation in number of IPOs and issuances globally: SEBI Chairperson Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch said on Friday that India is the top country when it comes to the total number of initial public offerings (IPOs) and issuances globally.  Addressing a FICCI conference in Mumbai, she said that the markets regulator is also working towards simplifying the IPO documents and filing procedures templates, along with creating a forum for feedback to be part of the regulatory framework. SEBI will soon send a prop...
India top nation in number of IPOs and issuances globally: SEBI Chairperson
India top nation in number of IPOs and issuances globally: SEBI Chairperson
Source: IANS
2024-08-02 01:47:03 pm
India sees uptick in manufacturing sentiments, domestic demand in April-June As the Union Budget 2024-2025 gives special attention to labour-intensive manufacturing, a new survey said on Friday that manufacturing sentiments in the country have shown an improvement in the April-June quarter.  According to FICCI’s ‘Quarterly Survey on Manufacturing,’ nearly 78 per cent of respondents in the Q1 FY25 expect either higher or unchanged production levels, compared to the same period last year. It also highlighted optimism in domestic demand condi...
India sees uptick in manufacturing sentiments, domestic demand in April-June
India sees uptick in manufacturing sentiments, domestic demand in April-June
Source: IANS
2024-07-26 04:37:53 pm
New simplified Income Tax law to be put out for stakeholder consultation soon The government is working towards a comprehensive review of the Income Tax Act, and the first draft which will be prepared by an internal committee of the tax department will be put out for stakeholder consultation within the next 6 months, Revenue Secretary Sanjay Malhotra said on Thursday.  Addressing FICCI’s interactive session on Union Budget 2024-25, he said: "We will have a consultation process on the first draft and how it will happen, that we will decide. We would l...
New simplified Income Tax law to be put out for stakeholder consultation soon
New simplified Income Tax law to be put out for stakeholder consultation soon
Source: IANS
2024-07-26 09:07:04 am
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council The Union budget sets up the roadmap for nine priority areas for Viksit Bharat.   "The emphasis on skilling, infrastructure, MSME, and energy transition is in sync with our quest for sustainable and inclusive growth," said Ashok Kajaria, Chairman, FICCI Rajasthan State Council and CMD, Kajaria Ceramics Ltd. MSMEs form the backbone of Rajasthan’s industrial ecosystem and access to affordable finance is one of the key issues faced by them. The Credit Guarantee Scheme ...
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council
Budget in line with our quest for sustainable inclusive growth: FICCI Raj State Council
Source: IANS
2024-07-24 09:26:29 am
Union Budget: Health experts hail Centre's move to exempt customs duty on cancer drugs Calling it a welcome step, oncologists on Tuesday hailed the Central government’s move to exempt customs duty on three more cancer drugs.  The three drugs are Trastuzumab deruxtecan (for breast cancer), Osimertinib (lung cancer drug for EGFR mutation), and Durvalumab (for lung and biliary tract cancers). Deruxtecan drug can be used in all cancers with Her2 positive gene Speaking to IANS, Jyotsna Govil, Chairperson of the Indian Cancer Society said that the exemption has &ldqu...
Union Budget: Health experts hail Centre's move to exempt customs duty on cancer drugs
Union Budget: Health experts hail Centre's move to exempt customs duty on cancer drugs
Source: IANS
2024-07-23 03:47:40 pm
100 crore new jobs to be created globally in 20 years, India to have 25 pc share The world is likely to see a huge addition of 100 crore new workers in the global economy in the next 20 years and India will have at least 25 per cent share of it, Ved Mani Tiwari, CEO of National Skill Development Corporation (NSDC), has said.  Delivering a keynote highlighting India's opportunity to become a talent nation at a FICCI event in the national capital, he said the country is poised to be the talent capital of the world, with a burgeoning young population. As many ...
100 crore new jobs to be created globally in 20 years, India to have 25 pc share
100 crore new jobs to be created globally in 20 years, India to have 25 pc share
Source: IANS
2024-07-20 04:12:07 pm
GDP to grow at 7 pc for FY25, budget to focus on taxation reforms, new jobs: FICCI report Leading industry chamber FICCI on Thursday projected an annual median GDP growth forecast for the year 2024-25 at 7 per cent, adding that Union Budget 2024-25 should focus on taxation reforms, employment generation, innovation and sustainable development.  According to the FICCI's 'Economic Outlook Survey' results, median GDP growth is estimated at 6.8 per cent and 7.2 per cent in Q1 2024-25 and Q2 2024-25, respectively. The survey put the median growth forecast for agr...
GDP to grow at 7 pc for FY25, budget to focus on taxation reforms, new jobs: FICCI report
GDP to grow at 7 pc for FY25, budget to focus on taxation reforms, new jobs: FICCI report
Source: IANS
2024-07-18 01:42:23 pm
The future of Indian food systems: Advancing towards nutrition & sustainability The Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce & Industry (FICCI) have collaborated to release a whitepaper titled 'Nourishing India Sustainably – Ecosystem Actions for Food Systems Transformation'.  Unveiled at the 15th edition of FICCI Foodworld India, the whitepaper explores key megatrends impacting food production and consumption, emphasises the imperative of transforming current food systems, assesses challenges across the va...
The future of Indian food systems: Advancing towards nutrition & sustainability
The future of Indian food systems: Advancing towards nutrition & sustainability
Source: IANS
2024-07-16 09:31:05 am
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Wednesday said India will be the 3rd largest economy in the next 3-4 years while the country’s exports would scale the $ 2 trillion export target by 2030. Addressing the FICCI national executive committee meeting here, Goyal said: “With the rapidly growing start-up India initiative, growing infrastructure, investments in manufacturing which are creating a lot of opportunities for trade, business, jobs and exports. We will be the 3r...
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal
Source: IANS
2024-07-11 09:56:08 am
Telangana to soon unveil policy for MSME sector The government of Telangana will soon come out with a policy for the Micro Small and Medium Enterprise (MSME) sector, minister for industry and information technology D. Sridhar Babu said on Monday.  Addressing the conclave on MSMEs & Inclusive Growth organised by the FICCI Ladies Organisation (FLO), he said the policy will be placed in the Assembly during its next session. He sought suggestions from Industry for drafting the policy, which will focus on the inclusive growth...
Telangana to soon unveil policy for MSME sector
Telangana to soon unveil policy for MSME sector
Source: IANS
2024-06-25 11:15:36 am
Modi 3.0: Top industry chambers gear up for next phase of developmental journey The entire ecosystem of industry, trade and financial markets is re-energised with the beginning of the new government amid policy continuity, top trade and industry chambers have said.  According to Assocham, under the leadership of Prime Minister Narendra Modi, the country will be steered to greater heights, maintaining the fastest pace of growth among the major economies of the world. Sanjay Nayar, Assocham President, said PM Modi has rekindled the national resolve to become the...
Modi 3.0: Top industry chambers gear up for next phase of developmental journey
Modi 3.0: Top industry chambers gear up for next phase of developmental journey
Source: IANS
2024-06-12 03:10:14 pm
Piyush Goyal urges India Inc. to expand manufacturing footprint  Commerce and Industry Minister Piyush Goyal on Tuesday said that with the triple track of strong macroeconomic fundamentals, huge thrust in infrastructure creation and social welfare push, India has been at the forefront of global growth for the past decade. In his address at the ‘Viksit Bharat@ 2047 Conclave’ organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here, the Minister said that the government is undertaking various initiatives to pr...
Piyush Goyal urges India Inc. to expand manufacturing footprint
Piyush Goyal urges India Inc. to expand manufacturing footprint
Source: IANS
2024-02-28 09:12:40 am
Government will continue with nextgen economic reforms in 3rd term: FM Nirmala Sitharaman The Narendra Modi-led government will continue with the next-generation economic reforms to make India the third largest economy in the world, Finance Minister Nirmala Sitharaman said on Tuesday. “The third term that Prime Minister Narendra Modi will come in will ensure that India reaches in the top three economies in the world. Reforms will touch all areas of factors of production i.e. land, capital and digital infrastructure,” Sitharaman said in her address at the national co...
Government will continue with nextgen economic reforms in 3rd term: FM Nirmala Sitharaman
Government will continue with nextgen economic reforms in 3rd term: FM Nirmala Sitharaman
Source: IANS
2024-02-27 01:43:32 pm
India Inc expects higher manufacturing sector growth in January-March quarter Apex business chamber FICCI’s quarterly survey on manufacturing released on Monday reveals a sustained and continued period of growth for India’s manufacturing sector in the last quarter of financial year 2023-2024. Compared to the previous quarter, Q3 FY 24, when 73 per cent respondents had reported higher production levels, in the current Q4 FY 2024, around 87 per cent respondents expect either higher or same level of production. This upbeat assessment of India’s man...
India Inc expects higher manufacturing sector growth in January-March quarter
India Inc expects higher manufacturing sector growth in January-March quarter
Source: IANS
2024-02-12 01:41:03 pm
FICCI supports the idea of `One Nation One Election` A FICCI delegation led by its President Anish Shah met with members of the High-Level Committee on ‘One Nation One Election’, chaired by former President Ram Nath Kovind, on February 6. At the invitation of the High-Level Committee on One Nation One Election, FICCI shared its views on simultaneous elections. Briefing the members of the committee, Shah said, “FICCI is supportive of the idea of One Nation One Election. There are over 250,000 FICCI members across the coun...
FICCI supports the idea of `One Nation One Election`
FICCI supports the idea of `One Nation One Election`
Source: IANS
2024-02-08 03:13:23 pm
The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being. Ranjit Barthakur,  The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being. Ranjit Barthakur, Chairman of FICCI Northeast Advisory Council, said the Interim Budget is clear and focused on the outcomes. He said the focus on enabling reforms in the states will strengthen India’s position as a driver of global economic g...
The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being. Ranjit Barthakur,
The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being. Ranjit Barthakur,
Source: IANS
2024-02-02 10:10:45 am
Airbus A350, Boeing 777X steal show at Wings India 2024 Boeing 777X and Airbus A350-900 were the centre of attraction at Wings India 2024, Asia’s largest event on civil aviation which began at Begumpet Airport here on Thursday. Around 25 aircraft are on display at the four-day aviation conclave and exhibition. Boeing's newest widebody aircraft is on display for the first time in India and similarly, Airbus A350 is also being showcased for the first time. Civil Aviation Minister Jyotiraditya Scindia unveiled Air India's first Ai...
Airbus A350, Boeing 777X steal show at Wings India 2024
Airbus A350, Boeing 777X steal show at Wings India 2024
Source: IANS
2024-01-19 09:28:55 am
Rupee trades almost flat against US dollar on Tuesday Indian rupee ended higher on Monday amid positive sentiment in the domestic equity market. Traders got support as Federation Indian Chambers of Commerce and Industry (Ficci) expects the economy to grow at 7.5 to 8 per cent in the current fiscal and 8 per cent in 2024-25 on the back of strong growth momentum, positive sentiments and rising private investments. There will, however, be geopolitical pressure points that may have a bearing on India's growth prospects. Besides, India's fore...
Rupee trades almost flat against US dollar on Tuesday
Rupee trades almost flat against US dollar on Tuesday
Source: Accord Fintech
2023-12-12 11:54:12 am
India`s economy to grow at 7.5-8% in FY24, 8% in FY25: Ficci With the help of strong growth momentum, positive sentiments and rising private investments, the Federation Indian Chambers of Commerce and Industry’s (Ficci) newly-elected president Anish Shah has said that industry expects India’s economy to grow at 7.5 to 8 per cent in the current fiscal (FY24) and 8 per cent in 2024-25 (FY25). However, he added that there will be geopolitical pressure points that may have a bearing on the country’s growth prospects. He said &lsqu...
India`s economy to grow at 7.5-8% in FY24, 8% in FY25: Ficci
India`s economy to grow at 7.5-8% in FY24, 8% in FY25: Ficci
Source: Accord Fintech
2023-12-11 05:10:38 pm
India poised to become $30 tn economy by 2047: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Friday said that India was poised to become a $30 trillion economy by 2047 with the collective efforts of the government and industry pushing towards an exponential growth rate to achieve a fully developed India. Addressing the 96th Annual General Meeting of apex business chamber FICCI, the minister said the Indian economy has already moved from being among the “Fragile 5” to the 5th largest economy in the world with strong fundame...
India poised to become $30 tn economy by 2047: Piyush Goyal
India poised to become $30 tn economy by 2047: Piyush Goyal
Source: IANS
2023-12-08 11:57:04 am
Optiemus to invest Rs 250 mn in drone manufacturing for India, global markets Homegrown Optiemus Infracom Limited on Friday announced that it will be investing Rs 250 million in 'Optiemus Unmanned Systems' (OUS), a new division of the company, to manufacture drones for India and global markets. The company also launched a diverse range of drones at the India Mobile Congress 2023. The products carried cutting-edge technology, including advanced sensors, secure communication systems, and stringent safety protocols. "As data security is a major conce...
Optiemus to invest Rs 250 mn in drone manufacturing for India, global markets
Optiemus to invest Rs 250 mn in drone manufacturing for India, global markets
Source: IANS
2023-10-27 05:06:37 pm
Muthoot Finance in collaboration with FICCI inaugurates Corporate Sports Championship 2023 in Kochi Muthoot Finance Ltd., India's leading gold loan provider announced the inaugural Corporate Sports Championship Kochi 2023, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI). This exciting event aims to bring together over 20 leading corporate firms from Kochi and its surrounding areas. While sports have a blend of values that reflects on our day-to-day life, it also enables an individual to build strong relationships in a workplace among colleague...
Muthoot Finance in collaboration with FICCI inaugurates Corporate Sports Championship 2023 in Kochi
Muthoot Finance in collaboration with FICCI inaugurates Corporate Sports Championship 2023 in Kochi
Source: PR Agency
2023-10-14 11:39:27 am
Higher interest rates resulted in reduction in CASA deposits: FICCI-IBA Survey The Federation of Indian Chambers of Commerce and Industry-Indian Banks Association (FICCI-IBA) survey has stated that higher interest rates have resulted in a reduction in Current Account Savings Account (CASA) deposits as most of the savers are shifting towards term deposits. CASA is low-cost deposits mobilised by banks, and higher amount of low-cost deposits mean better margins for banks.A survey showed that long term credit demand has seen continued growth in sectors like infrastructure, ...
Higher interest rates resulted in reduction in CASA deposits: FICCI-IBA Survey
Higher interest rates resulted in reduction in CASA deposits: FICCI-IBA Survey
Source: Accord Fintech
2023-10-13 12:21:54 pm
India headed to meet 500 GW green energy target ahead of 2030, says minister Power and New & Renewable Energy Minister R.K Singh on Monday expressed confidence that India will achieve its target of producing 500 GW renewable energy well ahead of the 2030 deadline.Addressing apex business chamber FICCI's India Energy Transition Summit 2023, the minister further stated if the country had not lost two years due to the COVID-19 pandemic, it would have achieved the goal of setting up 50 per cent of its power generation capacity based on non-fossil fuels, by now.India has 4...
India headed to meet 500 GW green energy target ahead of 2030, says minister
India headed to meet 500 GW green energy target ahead of 2030, says minister
Source: IANS
2023-09-25 05:46:36 pm