04 Nov 2022 Oil shocks during the 1970s and the resulting adverse impact on the balance of payment arising from the sudden price rise and supply uncertainty drove India’s focus on renewable energy for achieving energy self-sufficiency. The Commission for Additional Sources of Energy was created within the Department of…
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Global Capacity Centres: Driving Transformation for Multinationals
08 Oct 2022 Global Capacity Centres (GCCs), which emerged in the early 1990s in India, were the offshore units of large global organizations which were established to perform designated technology and business supporting operations for their parent organizations. Global Capability Centres concentrate workers and infrastructure to perform back-office functions, corporate…
The Journey Ahead for Ease of Doing Business in India
27 Sep 2022 For any developing or developed economy, the key to entrepreneurship, innovation or wealth creation lies in the ease of doing business in that country. In the recent years, India has emerged as one of the most attractive destinations, not only for investments, but also for doing business.…
Fostering an Environment of Innovation and Intrapreneurship
26 Sep 2022 India is poised to become a USD 5 trillion economy in 5-6 years and a USD 10 trillion economy in the next 10-15 years, with an aim to raise per capita income from USD 2000 to more than USD 6000. In the last 30 years, India’s GDP…
Towards an Innovation-driven Economy
09 Sep 2022 As India recently celebrated the 75th year of Independence, I’d like to highlight the key scientific and technological milestones that were attained in various areas through the combined forces of the Government, Industry, and educational institutes. Post-Independence, India prioritized science research and technology in a structured manner…
Transformation in Ease of Doing Business Environment
07 Sep 2022 At the heart of EoDB reforms in India has been an extensive focus on rationalisation and digitalisation of regulatory compliances, encompassing the entire business cycle from start to exit. Recently, a senior industry leader shared his first-hand experience of improved Ease of Doing Business (EoDB) in the…
Catapulting Economic Growth with Infrastructure Development
29 Aug 2022 Conventionally, infrastructure development encompasses creation of robust transport & communication systems, civic amenities, power & energy generation / supply facilities, etc. Major infrastructure development initiatives were undertaken by western block countries through the 50s and 60s. China followed suit, though the 80s and 90s. But India’s story…
Scaling-Up Micro, Small and Medium Enterprises
25 Jul 2022 Historically, India has supported and encouraged micro, small and medium enterprises (MSMEs) through various policy initiatives by providing them with subsidized credit, technical assistance, excise tax exemptions and preference in government procurement (Expert Committee on MSMEs, RBI, 2019). The Small-Scale Reservation Policy (1967), which attempted to shield…
EV: Mobility for The Future
21 Jul 2022 In the last few years, there have been disruptive changes in mobility. Congestion and public transportation challenges reached a tipping point in metropolises. Headwinds of stricter emission regulations and higher expenses triggered an alarm for original equipment manufacturers (OEMs). Change was inevitable. And it is here in…
Mission on Net Zero: Paving the Path Towards a Green Future
18 Jul 2022 The Indian Green Building Council (IGBC), formed by CII in 2001, is spearheading the green building movement in India. The vision of the council is to create a sustainable built environment for all and facilitate India to become one of the global leaders in the sustainable built…