Page 2 - Cii

CII to hold infra-focused summit for East and NE states from Sept 12-13

A connectivity infrastructure-focused East India Summit will take place in Kolkata involving states of eastern and northeastern states to deliberate on critical aspects of regional prospects for investment. CII, the organiser of the summit, said it will be held on September 12 and 13. It will aim toward creating a sustainable infrastructure roadmap for the east - linking global investments, ports & multimodal, logistics & warehousing, railways, satellite cities, maritime manufacturing, urban infrastructure and infrastructure investment & finance, CII said in a statement. India has emerged as one of the fastest-growing economies in the world and is expected to be one of the top three economic powers globally over the next 10-15 years. The government, through the National Infrastructure Pipeline (NIP), is creating new infrastructure and upgrading existing ones to achieve a USD 5 trillion economy by 2025, the statement said. "To achieve this target, the country needs to spend

India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

CII asks govt to bring in millennial bonds to boost forex reserves

Sanjiv Bajaj asked the govern­ment to put more money in the pockets of the consumers by redu­cing personal income tax rates to revive consumption demand in the economy

CII urges Centre to reduce personal income tax to spur economic activities

The Confederation of Indian Industry president Sanjiv Bajaj on Wednesday asked the Central government to contemplate reducing the personal income tax rates to spur economic activities. The business tycoon 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. "Putting more money in the pockets of the consumers is of vital importance to revive consumption demand in the economy. The government should contemplate a reduction in the rates of personal income tax in its next push for reform as this would increase disposable incomes and revive the demand cycle," Bajaj, who is chief managing director of Bajaj Finserv, said in a press conference. He was speaking to reporters as part of the CII's theme 2022-23 "Beyond India @75: Growth competitiveness, sustainability and internationalisation". The CII is also organising 'Sankalp Se Siddhi' in the city, in which Union Home Minister Amit Shah wil

Time is ripe for India to explore trade deal with AfCFTA: Commerce Secy

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

Gambian VP arrives in India, set to participate in CII-EXIM Bank Conclave

Vice President of Gambia Badara A. Joof arrived in India on a five-day visit where he is set to participate in the Confederation of Indian Industry and EXIM Bank of India (CII-EXIM) Bank Conclave 2022 along with other bilateral engagements.In a tweet, the Ministry of External Affairs wrote, "Strengthening the partnership. Greetings to Vice President of The Gambia on his arrival in India. He is on a 5-day visit to India and will participate in CII-EXIM Bank Conclave 2022, besides having other bilateral engagements."Meanwhile, the Namibian Deputy Prime Minister and Foreign Minister Netumbo Nandi-Ndaitwah arrived in the national capital on Sunday for the CII-EXIM Bank Conclave."Warm welcome to DPM & FM Netumbo Nandi-Ndaitwah of Namibia in India. Her participation in CII-EXIM Bank Conclave and extensive engagements over the next few days will further deepen our relations with Namibia in all spheres," External Affairs Ministry spokesperson Arindam Bagchi had said in a tweet.The event

Sanjiv Puri elected CII VP for FY23, R Dinesh as President Designate

ITC chairman and managing director Sanjiv Puri has been elected the Vice President of CII for 2022-23, while TVS Supply Chain Solutions Executive R Dinesh has become the new President De

S Africa keen to engage with India Business Forum for bilateral cooperation

South Africa is more than ready to engage with the CII India Business Forum (IBF) and relevant local ministries to further extend the bilateral cooperation, a senior minister said on Sunday

Sanjiv Bajaj on financial sector reforms and growth estimates

In a chat with Business Standard's Nikunj Ohri and Arup Roychoudhury, the new CII president and Bajaj Finserv chairman Sanjiv Bajaj shared how to deal with global headwinds and increased input costs

Bajaj Finserv managing director Sanjiv Bajaj takes over as CII president

He takes over from T V Narendran, CEO and managing director of Tata Steel Limited

Ultratech in talks with rival cement firms, PEs on asset divestiture plans

India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.

"Conscious industry must think beyond its priorities": T V Narendran

India Inc must think outside the regime of incentives and subsidies and improve its competitiveness and productivity while ramping up R&D expenditure for being future ready, CII President T V Narendran said on Wednesday. Speaking at 'Being Future Ready Business Summit 2022', the CII President observed that a responsible and conscious industry must think beyond its own priorities to drive positive change for the nation. He pointed out that recalibration of global supply chains presents an opportunity for the industry to embed itself more firmly in the international arena and expand its global footprint. "We must move away from a risk-averse culture to a mindset that proactively explores all markets and all sectors. The many new free trade agreements being signed with our key market partners open up immense opportunities for our international engagement and we must support and leverage these to the optimum," Narendran said. He called upon the industry to shift the focus on building .

Tata Steel's TV Narendran on why current crisis won't derail growth

In a chat with Business Standard's Arup Roychoudhury, CII President and Tata Steel CEO, TV Narendran tells why he believes that current uncertainties may not derail India's growth trajectory

Inflation is No.1 concern for India Inc: CII president T V Narendran

Corporates are looking at inflation with some concern about input costs: Narendran

Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth

Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.

India's GDP may grow 7.5-8% in FY23 on enhanced exports: CII President

However, he said the country needs to remain prepared for any fallout of next wave of Covid-19 pandemic, and the impact of the ongoing Russia-Ukraine war

Power supply issues are affecting industries in Goa, says CII

On Wednesday, Power Minister Sudin Dhavalikar had claimed Goa does not face any power supply issues like in states such as Andhra Pradesh.

Media and entertainment industry in South sees 15% growth: CII report

The industry in South is currently valued at around Rs 74,900 crore

RBI continues to support growth, rupee: Governor Shaktikanta Das

India comfortably placed to deal with spill-overs from Ukraine crisis, says Das

No prospect of Indian economy falling into stagflation vortex: RBI Governor

Shaktikanta Das was also quick to add that he expects retail inflation to moderate going forward