CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
Speaking at an event in New Delhi, jointly held by National Thermal Power Corporation and the Confederation of Indian Industry, he added that developing countries should also not expect any financial or technical assistance from developed nations to help reduce their carbon footprint.
Success of Nokia in India has motivated Finnish companies to look at the country as an attractive investment destination, especially its lucrative telecom sector.
The India@60 event seeks to attract the world's attention, particularly that of the global Inc, to India by portraying its strengths -- democracy, diversity and demographics -- which have powered the sub-continent nation's development.
India's manufacturing sector was lagging behind China and should be strengthened to increase competitiveness with that country, a study conducted by Confederation of Indian Industry and McKinsey said.
In their respective memorandums, the Federation of Indian Chambers of Commerce and the Confederation of Indian Industry asked for re-introduction of investment allowance, restoring the depreciation rate to 25 per cent and an increase in plan public expenditures, primarily in infrastructure, which would boost private investments.
Reciprocity of tariff restrictions will help fair trade, but a country's trade policy should be driven by national interest.
Idea is to bring stakeholders together and explore ways to increase export of services from India.
India must carry on structural reforms, the finance minister said.
According to India Skills Report 2019, Andhra Pradesh offers equal space to both male and female workers.
Information technology czar Azim Premji foresaw on Friday emergence of a two-party system in the country, saying the recent Lok Sabha polls verdict was an indication to that effect. Addressing the Confederation of Indian Industry-organised fifth India Innovation Summit 2009 in Bangalore, he said the results of the recent Parliamentary elections suggested that Indian voter wants a two-party system.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
E-commerce is driving thoughts of customers.
Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises and former president of the Confederation of Indian Industry, said on Tuesday that it was time for the United States to change its position towards India vis-a-vis Pakistan.
May's visit is likely to coincide with the India-United Kingdom Tech Summit in New Delhi between November 7 and 9
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
Foreign investment opportunities in the fast expanding health sector in India are vast and profitable with a payback period of five to six years, an Indian delegation said in New York.
'Price spike shaved 1 percentage point off GDP growth'.
The Union tourism ministry has approved 51 hotel projects in South India, according to a Confederation of Indian Industry report.
Speaking on the sidelines of an event organised by the Confederation of Indian Industry, ArcelorMittal Design & Engineering Centre CEO Pierre Jonette said: "Our main objective is to bring down the total project cost by 20-22 per cent across all the green projects. We have internally decided to increase sourcing from local low cost destinations for most of our greenfield projects."
Traders' body CAIT on Wednesday accused e-commerce major Amazon of indulging in serious contraventions of FDI policy and Foreign Exchange Management Act. The body also blamed the online firm for not seeking the government's approval for conducting multi-brand retail activities in India.
The Indian industry stands staunchly opposed to job reservations in the private sector, Bharti Group promoter and Confederation of Indian Industry vice-president Sunil Mittal has said as he vowed to fight the move at every fora.
The India Today group said on Monday it would launch an English language daily in New Delhi early next year.
India's services sector continued its high growth track during the first half of the current fiscal, according to the Confederation of Indian Industry-ASCON report. The cellular services recorded a growth of 180 per cent, a CII release said.
The speech could have been avoided had the industry representatives been more attuned to the nuances of PM's views on inclusive growth.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc, including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods. The Confederation of All India Traders (CAIT) also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its 'Bhartiya Samaan-Humaara Abhimaan' campaign.
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