Archive for the ‘Industry’ Category
Tuesday, July 8th, 2008 |
Indian Silk exports have risen from Rs.2,359 crore in 2001-02 to Rs.3,338 crore in 2006-07, with a growth rate of 8.3 per cent. Addressing the Press conference in Hyderabad today after releasing the booklet tilted “Indian Textiles- The Sunrise Sector, highlighting the achievements of Textiles sector during the four year tenure of the Government, the Union Minister for Textiles said that fabrics and made ups constitute the bulk of the silk exports. He said that USA remains the largest destination for India’s exports of silk fabrics and readymade garments, with a share of 25.8 per cent and UK was the second largest destination with a share of 11.1 per cent in 2006-07. India is exporting silk goods to more than 100 countries and the silk export earnings are growing steadily due to increasing demand of Indian silk goods particularly from the USA and European countries, the Minister added.
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Friday, June 27th, 2008 |
The Ministry of Environment & Forests (MoEF) has issued the draft Costal Management Zone (CMZ), Notification, 2008 on May 1, 2008. This CMZ Notification, 2008 shall supersede the existing Coastal Regulation Zone (CRZ) Notification of February, 1991. It seeks to regulate and impose blanket restrictions on certain industrial and development activities in coastal areas which could be harsher than the existing CRZ dispensation.
To enable industry and other stakeholders understand the implications of CMZ Notification, 2008 and to help everyone in the workshop formulate suggestions, comments or observations for sending them to MoEF, Confederation of Indian Industry (CII) organized a one day workshop on CMZ Notification, 2008 and REACH Regulation of EU today at Kolkata.
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Wednesday, June 25th, 2008 |
A 9 member delegation as part of the CII CEOs Mission is in the United States from 24-26 June 2008 with the aim of strengthening the bilateral ties; augmenting economic and commercial cooperation between the two nations to greater and newer heights and discussing innovative ways to collaborate on global economic challenges.
The main thrust of the mission would be to focus on doubling Indian investments in US in the next few years. “Today the Indian investments into US stand at around US$ 4 billion and the scope from India is enormous and CII’s annual visit would strive to explore how this could be doubled in the next few years”, said the CII President.
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Friday, June 20th, 2008 |
Confederation of Indian Industry (CII) and the GICAT (Grupement des industries franchises de defense terrestre), French Defence Industry Association for Land Systems signed a Memorandum of Understanding (MoU) for close defence industry cooperation between India and France. The MoU was signed on 18 June 2008 at Paris during the India Day celebrations at Eurosatory 2008.
The MoU was signed in the presence of Mr Pradeep Kumar, Secretary Defence Production, Ministry of Defence India, H.E. Mr Ranjan Mathai, Indian Ambassador to France and other senior officials from India and France.
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Thursday, June 19th, 2008 |
Brazil, Russia, India and China-collectively known as BRIC — represent the next great growth curve for both the mobile and interactive marketing industries. Home to over 40% of the world’s population, the BRIC countries form the core of an emergent global middle class that will number over 1 billion people by 2015. eMarketer projects that the BRIC countries will account for over 1.7 billion mobile phone subscribers by 2012 and expects over 680 million subscribers to access the mobile Internet.
Mobile will be the primary interactive screen for this new generation of consumers, and no major advertising agency can pitch a global brand without referencing its BRIC assets and capabilities, especially those in China and India. Likewise, the largest global telecommunications companies have bet a large amount of their future growth on sales to BRIC-based mobile operators.
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Tuesday, June 17th, 2008 |
Indian Commerce Secretary, during the Opening Session address of the 5th Intersessional meeting of the Kimberley Process here today, stated that the diamond manufacturing sector alone provides livelihood to about one million people. “India has a share of about 60% of the world’s polished diamond market by value and about 82% by volume. In 2007-08, we imported rough diamonds worth about $ 10 billion. Today, we have zero duty on the import of rough, cut and polished diamonds. During the same period, India’s export of cut and polished diamonds was US $ 14 billion,” he added.
During the occasion, he said that India is one of the largest economies of the world and this year, our merchandise trade – exports and imports together – will exceed US $ 400 billion, accounting for nearly 1.5% of world trade. Adding to the trade in services increases our commercial engagement with the world to over US $ 525 billion.
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Wednesday, June 11th, 2008 |
Indian industry, with its successful and ethical practices can go a long way in helping South Africa develop and in augmenting South-South cooperation so that the developing countries take their rightful place in the global economic arena, Jacob Gedleyihlekisa Zuma, President of the African National Congress, South Africa, and Anand Sharma, Minister of State for External Affairs, agreed during an interactive session organized by the Confederation of Indian Industry (CII) in New Delhi today.
India is a powerful emerging economy and South Africa is a leading country of Africa with deep, historic ties with India. Indian industry should see South Africa as an entry-point into Africa, said ANC President Zuma, who is leading a high level ANC delegation to India. Interacting with top industrialists during the CII session, he invited them to specially step into the area of capacity building in his country.
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Friday, June 6th, 2008 |
Unlike in the past, over 90% CEOs interviewed by the apex industry body- the ASSOCHAM on hike in petrol and diesel prices offered virtually no resistance but common man on street feels ignorant about exorbitant crude oil prices in international market is of view that increase in LPG cylinder price is on higher side. However, ASSOCHAM fully supports the government decision for raising prices of petroleum products in the interest of the country.
The survey named The Fall Out of Hike on Petroleum Product’s Prices in which 300 CEOs opinion was sought and views of 400 people from streets, were also sought, 270 CEO’s while said that government delayed price hike beyond a point. This resulted oil companies in downstream sectors to go into huge losses, they added.
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Thursday, May 29th, 2008 |
The Indian Armed Forces’ forthcoming modernisation programme will make India the Asia Pacific region’s second highest defence spender within the next five years, and the seventh largest globally by 2016. To examine where short, medium and long-term investment growth opportunities exist for European companies and to explore future procurement plans for the Indian defence sector, Frost & Sullivan held a briefing on ‘Market Growth Opportunities in the Indian Defence Industry’.
Organised by Frost & Sullivan’s Aerospace & Defence practice, the seminar offered an in-depth view of the significant business opportunities within the Indian defence industry and particularly within the Indian Armed Forces. Frost & Sullivan estimates that the total spending for the Indian defence market will reach USD 36.2 billion by 2013. The total opportunities for procurement are forecast to exceed USD 100 billion by 2022, including the maintenance, repair and overhaul (MRO) market, while the offset potential during the forecast period is expected to reach USD 10 billion by 2013.
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Thursday, May 29th, 2008 |
CII has launched the India’s first corporate greenhouse gas (GHG) inventory program in partnership with the U.S. Environmental Protection Agency and the World Resources Institute, Washington. The launching of this GHG inventory program is part of the CII’s new initiative “Mission on Sustainable Growth”.
CII’s program is based on the internationally recognized World Resources Institute/World Business Council for Sustainable Development GHG Protocol and U.S. EPA’s Climate Leaders program, and is supported by the Asia Pacific Partnership on Clean Development and Climate.
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Tuesday, May 27th, 2008 |
Easy access of Visa facilities often permitted by India to overseas patients coupled with best emerging medical infrastructure facilities in its large and tertiary towns, prospects of India Medical Tourism becoming a lead foreign exchange earners will grow to an extent of Rs. 8000 crore by 2012.
The above findings are arrived at The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Prospects of Medical Tourism for Higher Forex Earning� under the supervision of its Health Committee chaired by Chairman, Sir Ganga Ram Hospital, Dr. B K Rao in which other lead doctors from Medicity Moolchand, AIIMS, Max etc. are involved.
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