27 Nov 2019 The Indian pharma industry, along with biotechnology, has the potential to grow to $ 200 billion by 2025. CII recommends the following measures to tap this potential. Short-term Measures 1. Industry Image and Quality Every third pill swallowed in the US is from India, and the case…
Browsing CategoryEconomy
Recommendations for Textiles and Apparel industry
25 Nov 2019 The textiles and apparel industry is one of the largest employers in India’s manufacturing sector, employing over 45 million workers. Given the intrinsic labor-intensive nature of textiles manufacturing, this sector holds tremendous potential for future employment which could go up to 62 million by 2022 with an…
Recommendations for Steel industry
24 Nov 2019 India’s steel sector grew at around 6.8% in the April-June 2018-19 quarter, while the growth of crude steel production was around 3.5%. Imports, including those of semi-finished goods, have fallen by 13%, and finished goods by around 9%, y-o-y. Exports have declined by 27%. Steel prices have…
Recommendations for Food Processing industry
23 Nov 2019 The food processing sector is one of the largest employment creators, especially of non-farm jobs in rural areas. It boosts farm incomes, reduces agri produce wastage, and contributes to exports. CII recommends several measures to boost this important sector. Short-term Measures 1. Rationalization of GST Rates: A…
Rising North East
21 Nov 2019 A land of verdant, undulating hills and plains with a variety of flora and fauna, the North East Region (NER) of India comprises of 8 states: Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura, each fascinating and beautiful in its own way. This region today…
Staying out of RCEP gives India a chance to reflect on its competitiveness
18 Nov 2019 -Vikram Kirloskar President, CII Earlier this month, India pulled out of the Regional Comprehensive Economic Partnership (RCEP), and rightly so. Prime Minister Narendra Modi’s decision to stay out of the regional free trade agreement (FTA) is based on views expressed by a wide spectrum of stakeholders. Industry…
Recommendations for Chemicals and Petrochemicals industry
17 Nov 2019 ndia is the sixth largest producer of chemicals globally. The sector is at present valued at $150-155 billion and is growing at 8-10% annually. It provides employment to 7.5 lakh people, and accounts for a little over 2% to India’s GDP. CII has identified certain key issues…
Recommendations for boost Mining industry
16 Nov 2019 Mining is one of the core sectors of the Indian economy and is a lifeline for many industries, which thrive on raw materials. The mining sector’s contribution to the country’s GDP has come down from 3% to 2.2% in the last 5 years. In 2017- 18, the…
India a Heritage to the World – 10 UNESCO sites in West India
15 Nov 2019 India has an impressive history. Home to one of the ancient civilisations of the world, a diverse mix of religions and cultures thrives in the country today. Its history of rulers and empires can be traced through a range of monuments dotting the country. Each of them…
Beyond RCEP: India must now focus on boosting exports
13 Nov 2019 – Vikram Kirloskar President, CII Joining the RCEP may be possible down the line. For now, India should reinforce and deepen agreements with its current trade partners, as well as look to enter new markets with globally competitive products Prime Minister Narendra Modi’s decision to opt out…