'We need more support from states to back budding talents from not-so-affluent families.'
Prime Minister Narendra Modi is making his inaugural address on the 95th Annual Day of Indian Chamber of Commerce via video conferencing.
India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
Some of the Indian groups have set up holding companies with investments in agricultural and food processing land as far away as Africa, as well as within the region, in Cambodia and Vietnam.
India's merchandise exports in April 2024 marginally rose to $34.99 billion from $34.62 billion in the year-ago month, according to government data released on Wednesday. Imports too increased to $54.09 billion from $49.06 billion in April 2023.
Afghanistan is ripe and ready for more investments from India and offers a lot of opportunities.
'One of the aspects for transparency and fair governance is to give the industry being represented the chance of lobbying with the regulator.'
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
Australian Minister for Immigration and Citizenship Chris Bowen on Wednesday said that reasons like the high cost of Australian dollar have resulted in decline in request for student visas from India
The survey was commissioned by the Singapore Indian Chamber of Commerce and Industry, to better understand the Indian business community in Kuala Lumpur. While 70 per cent of respondents reported slower sales in the last quarter of 2008, only one in 10 complained of insufficient cash flow, Singapore's daily Straits Times said.
The awards, aptly named, 'Transforming Our World -- 2011 Excellence Awards', were presented for community leadership to Swatantra Jain of Vinmar International Ltd and Avinash Ahuja of Magnum Producing Company.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
Among the sectors seen as most vulnerable to corruption are the government and the public sector, infrastructure, real estate, metals, mining, aerospace, defence, power and utilities.
India's business leaders have reacted strongly to government opposition to the opening up of higher education to private investment that might help millions of young people.
Federation of Indian Chambers of Commerce and Industry on Wednesday asked the US to restore the Generalised System of Preferences for Indian exports of chemicals and allied products.\n\n\n\n
'You have to explain to them about Indian investments in the US creating jobs this reverse outsourcing'
60 per cent of the companies reported improved industry performance at present, compared to the last six months.
The 49-year-old entrepreneur oversees the media and real estate arm of Dempo Industries as its executive director.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
Increase in the value of Rupee combined with rising interest rates has resulted in erosion of profitability and competitiveness of Indian exports by up to 12 per cent, according to a report by Ficci.
India's exponential economic prowess has made Boeing covet that country like never before, said Thomas Pickering, former under secretary of state and former ambassador to India, who after he retired was a vice president with Boeing and who remains a consultant with the aviation giant.
'This is because earlier we didn't have any ministry. People came, spoke and went away. There was no follow-up. But the two PBDs have focussed on the problems,' says Jagdish Tytler.
Indian real estate developers, enjoying boom times, want your capital.
India is among the top three emerging markets in the wellness economy.
Indian companies could get major sub-contracts in Iraq reconstruction projects worth $20 billion next year, according to the Federation of Indian Chambers of Commerce and Industry.\n\n\n\n
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
Canada has started stressing on education as a trade catalyst with colleges and universities traveling to India and other countries in increasingly large numbers for recruiting students and faculty, signing agreements with foreign universities to work in close partnerships, opening satellite campuses in India, and offering joint degrees.
Alongside the mini-ministerial meeting beginning in Geneva from Monday, the World Trade Organisation is convening on July 24, a 'Singalling Conference' where countries would give indications of the kind of market they are willing to concede in services. It demanded that the conference should be held in serious negotiation mode. The domestic regulations acting as barriers to the supply of services by Indian professionals in the developed markets should be removed, it said.
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs. Manufacturing semiconductors - used in electric and hybrid cars, drones, and communication devices - is fairly complicated, entails huge investment, and can be a cumbersome process.
The Bilateral Aviation Safety Agreement, the civil nuclear technology transfer, telecom infrastructure security and business jet landing rights are among other "policy accomplishments in 2011" listed on the US chamber's website.
Iran's Finance Minister was here. And he lists the reasons why is country holds great promise for Indian companies willing to do business with his country.
Industrialists were reportedly in two minds about attending Modi's address lest it should draw the ire of the Mamata Banerjee-led government
The Indian banks are not prepared to implement the stringent Basel-II norms including that of capital adequacy and non-performing assets in toto by 2006, according to the Federation of Indian Chambers of Commerce and Industry survey.
"Earlier, India was a land of snake charmers. Now, Americans perceive Indians to be very smart. The infotech revolution changed it all," says FICCI Secretary-General Amit Mitra.
The government is trying through industry chambers to get corporate world incorporate data on SC/ST recruitment, Social Justice and Empowerment Minister Mukul Wasnik told Rajya Sabha on Thursday.
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