The Confederation of Indian Industry on Thursday elected Sunil Kant Munjal and Y C Deveshwar as the president and vice president, respectively, for 2004-05.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
The CII feels the 20-year scheme was introduced to boost domestic industry and provide a platform to Indian industry to compete with their foreign counterparts.
CII director general Tarun Das said, "It has outlined new strategies for growth with reduction of excise duty."
The Confederation of Indian Industry (CII) will adopt 15 Industrial Training Institutes (ITIs) to convert them into centres of excellence.
B Muthuraman said while the Indian industry must seek to make growth inclusive and sustainable and must work towards addressing various inequalities in society, affirmative actions cannot be made mandatory.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
Former Prime Minister Manmohan Singh, Birla and former Coal Secretary P C Parakh were summoned.
As unemployment has gone up, countries have tightened their visas. We need to make sure there is no long-term impact, said CII.
ICICI Bank chief K V Kamath to be new CII vice president.
Ahead of the five-day visit from tomorrow of Pakistan's commerce minister, Makhdoom M Amin Fahim, the Confederation of Indian Industry (CII) on Sunday recommended that bilateral economic cooperation be promoted through a focus on healthcare, information technology and entertainment sectors.
Forecasting 7.2 per cent GDP growth for the current fiscal, industry chamber CII on Tuesday stressed on sustainable development for alleviating poverty and employment generation in the country.
Households are likely to remain the primary net lenders to the economy in the coming decades.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The Confederation of Indian Industry on Thursday signed a memorandum of understanding with Xavier Institute of Management, Bhubaneswar for setting up a centre of excellence in the areas of research, training and consultancy.
The rupee on Thursday gained 39 paise to close at a nearly 10-month high of 59.29 against the US dollar following sustained selling of the American currency by exporters and continued capital inflows, ahead of keenly-waited Lok Sabha poll results to be unveiled on Friday.
'I get enormous pleasure from seeing the uplift of an underprivileged or poor person.' 'I feel elated when I walk on the street and see someone who pushes a handcart talking on a cell phone.' A revealing glimpse from Peter Casey's The Story of Tata: 1968 to 2021.
Coinciding with Prime Minister Atal Bihari Vajpayee's visit to China from June 22, CII president Anand Mahindra will lead a 30-member delegation to the country to promote bilateral trade ties.
The economy may have already bottomed out in the previous quarter.
CII opines that a global discussion on the crisis might help building stronger information netwrorks on consumption and production so that corrective measures can be taken across the globe to avert such a crisis. It also advised to develop global food management system under Food and Agricultural Organisation.
The Confederation of Indian Industry on Thursday expressed confidence that the economic reforms would continue to be a focal point whichever party forms the next government.
The Confederation of Indian Industry and ASEAN on Monday set up two task forces in pharmaceuticals and agriculture and food processing to prepare a strategy document to outline a roadmap for cooperation in these sectors.
The Confederation of Indian Industry and its Lao counterpart have agreed to cooperate in industrial and technological advancement, exchange professional experience and information about economic and commercial matters of the two countries.
All industry bodies including Confederation of Indian Industry and Federation of Indian Chamber of Commerce and Industry should work together in their efforts to contribute the country's economic growth, Anand Mahindra, managing director, Mahindra &
B Muthuraman, vice chairman, Tata Steel, has been elected as the vice president of CII.
The provisions of the bill related to the conditions on issuing H-1B visas is being opposed by Indian companies, who heavily rely in this category of work visas.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.
The Confederation of Indian Industry has sought more flights to Sri Lanka for boosting bilateral trade between New Delhi and Colombo.
Reflecting strong growth sentiment among industry verticals, a CII business outlook survey has found that 74 per cent of the respondents expect the economy to grow by 8 per cent or more in 2010-11.
During the two-day visit, the delegation headed by CII President Sunil Bharti Mittal is scheduled to meet key people such as UK Secretary of State for Health and Environment and interact with industry captains.
