The future of Artificial Intelligence (AI) promises profound transformations across all sectors, driving advancements that enhance automation, improve decision-making, and unlock new levels of efficiency. AI is not only an enabler for advancing current investments in technology and innovation but also a significant contributor to economic growth. In India, AI…
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Celebrating National Handloom Day: Weaving a Legacy of Tradition and Sustainability
Every year on August 7th, India celebrates National Handloom Day, a tribute to its rich heritage of traditional weaving and the invaluable contributions of handloom weavers. This day not only commemorates the Swadeshi Movement, which was launched on this date in 1905 to revive domestic products and production processes, but…
Trade, tech & sustainability: Engines for long-term growth
Finance and Corporate Affairs Minister Nirmala Sitharaman is poised to set a historical precedent. When she presents the complete Union Budget for 2024-25 on July 23, she will become the first finance minister to present seven consecutive budgets. The Interim Budget of February underscored the government’s commitment towards realising the…
Industry hopes for sustained growth, competitiveness & building inclusion
The Union Budget 2024-25 has a special significance. It comes at a time when the Indian economy is in top gear, having clocked a stellar 8.2 per cent growth for 2023-24. The forthcoming Budget should sustain this growth momentum. Being the first Budget of the new government, it should set…
Semiconductor Manufacturing: A Path to Sustainable Economic Growth for India
The semiconductor industry, often hailed as the backbone of modern electronics, is pivotal for global economic growth and technological advancement. Recognizing this necessity, India has embarked on a long-term venture to establish itself as a significant player in the semiconductor manufacturing industry. This journey, while laden with challenges, holds immense…
Growing SMEs Through Tailor Made Finance
Small and Medium Enterprises (SMEs) are the lifeblood of India’s economy, driving innovation, creating jobs, and fostering regional growth. SMEs frequently encounter major obstacles when trying to obtain timely and sufficient financing, despite their crucial role in society. It is not only practical to address this crucial issue; it is…
Developing Sustainable Value Chains Across Indian Industrial Ecosystem
Climate change poses an increasingly significant risk to business operations, necessitating urgent collaborative efforts to minimize these risks and enhance resilience. The Government’s urgency in addressing climate challenges can be ascertained by the fact that there has been a 33% reduction in emission intensity from 2005 to 2019 (as per…
Nuclear Fusion Patents Bring the Holy Grail Closer
COP28, the recently concluded conference on climate change, has recognized nuclear fusion as a harbinger of new energy supply for nullifying, by 2050, the impact of climate change. Going forward, the International Atomic Energy Association (IAEA) has set up a World Nuclear Energy Group to explore successful utilization of energy…
Partnerships for Sustainable Stubble Management
India is the second largest producer of rice, a dietary staple across the world. Rice is also an integral part of the regular diet of almost half of India’s population and therefore important for food security. During the green revolution, rice straw cultivation increased drastically in the northern states of…
CII’s National Circular Economy Framework: Roadmap for a Sustainable & Resilient India
India, a resource-intensive economy with a large and rapidly growing population, possesses immense potential to be a leader in the circular economy, thereby fostering sustainable growth and a more prosperous and equitable society. The circular economy goes beyond resource efficiency and recycling, and its adoption helps reduce waste, conserve resources,…