New Delhi: The packaged food industry in India is likely to double by 2015 to touch $30 billion from the current $15 billion owing to the rise in income, changing urban lifestyle and modern retail trade, says a study. The main categories of packaged food are bakery products, canned processed food, frozen processed food, meal replacement products and condiments. Some emerging new categories in this segment are processed dairy products,...
01:53 PM, Apr 29, 2012
Kolkata: The growth of industry in West Bengal had been slow, but the state has the potential competitive strengths in some industrial activities, RBI Deputy Governor Subir Gokarn on Sunday said. "West Bengal is exploring a long-term strategy for industrialisation as the relative growth performance in the last decade was not encouraging," Gokarn said at a seminar on West Bengal organised by industry body Assocham on Sunday. "In the last...
04:59 AM, Apr 02, 2012
New Delhi: Army Chief General VK Singh on Friday stressed on independent capability in the defence industry while pointing out that the industry has grown many folds in the last few years. Addressing an ASSOCHAM meet, General Singh said, "The Indian defence industry has grown. We need to be self reliant and maintain independent capability." Speaking of private participation in the defence industry, General Singh said, "The private sector participation...
11:53 AM, Mar 30, 2012
New Delhi: With India edging past China as the world's largest arms importer, an industry body has sought increase in Foreign Direct Investment (FDI) in the defence sector to 100 per cent from the existing 26 per cent to attract advance military technology to India and for curbing large-scale imports. India currently imports 70 per cent of its military equipment and system needs from abroad, with Russia, Israel and the...
11:25 AM, Mar 25, 2012
New Delhi: Expecting a GDP growth of about 7 per cent in 2012-13, India Inc on Thursday called for implementation of economic reforms and fiscal consolidation. "Domestic factors are more important for India's GDP growth and global conditions play only a marginal role. Therefore, greater attention is needed on implementing reforms," Ficci Secretary General Rajiv Kumar said. The chamber expects that the GDP growth in 2012-13 would be around 7...
04:55 PM, Mar 15, 2012
New Delhi: Industry body Assocham on Friday urged the government to reduce excise duty on branded garments to one per cent from 10 per cent at present. "The Rs 1.5 lakh crore industry, providing direct employment to 60 lakh people, has witnessed lower growth due to hike in excise duty, rising material and labour costs and increase in interest rates," The Associated Chamber of Commerce and Industry of India said....
06:41 PM, Mar 09, 2012
New Delhi: A delegation of industry chamber Assocham, led by its newly-elected president Rajkumar Dhoot along with DLF chief KP Singh, will meet the Prime Minister on Tuesday over the impact of Supreme Court judgement cancelling 2G licences. "The meeting with the Prime Minister will cover issues related to the industry overall and in particular the development after the Supreme Court cancelling 122 2G licences," a source said. Swati Piramal...
11:43 PM, Mar 05, 2012
New Delhi: Industry body Assocham on Monday urged the government not to increase excise duty and service tax from their current level of 10.3 per cent. "Corporate India wants stimulus package to continue in the form of excise duties and service tax at the current level of 10.3 per cent in the Union Budget for the financial year 2012-13," the chamber said in a pre-budget expectations survey. About half of...
08:07 PM, Mar 05, 2012
New Delhi: Thailand Prime Minister Yingluck Shinawatra on Wednesday expressed desire to double trade with India to USD 14 billion by 2014 and forge maritime partnership to develop seaport at Dawei, a strategic location on the southwestern coast of Myanmar. Addressing leaders of Indian industry at the luncheon meeting hosted by ASSOCHAM, FICCI and CII in New Delhi, Shinawatra said, the two countries can also have cooperation in developing the...
04:48 PM, Jan 25, 2012
New Delhi: Disappointed by the government's decision to put foreign direct investment (FDI) in multi-brand retail on hold, India Inc on Wednesday described the move as 'highly regressive'. "... It is a highly regressive move. For the growth of this vital sector of the economy, which is likely to result in strong linkages with the farm sector and for the economy as a whole, it is imperative that reforms like...
02:18 PM, Dec 07, 2011
New Delhi: India Inc welcomed the naming of Cyrus P Mistry as the successor of Ratan Tata for heading the $ 80 billion Tata Group, saying it shows the high standards of corporate governance and integrity of the country's leading industrial house. "In the choice of Mistry, there is a clear message in the trust of the captains of Indian industry in the capabilities of young leaders in the country....
10:52 PM, Nov 23, 2011
New Delhi: The Prime Minister and the higher judiciary should be kept out of the ambit of the Lokpal, according to leading business chambers body Assocham which will launch a media campaign on the issue from Monday. With the Lokpal bill a priority agenda of the government in the winter session of Parliament, the industry body has suggested "the Prime Minister be kept outside the purview of the Lokpal." Assocham...
10:37 AM, Nov 20, 2011
Bangalore: Bangalore, that boasted its tag of the country's IT capital, may now lose it, according to a survey. A survey undertaken by Associated Chambers of Commerce and Industry of India (Assocham), warning of this imminent threat, says the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon as more companies have expressed their interest in setting up shop there. This would include IT, IT-enabled...
09:42 AM, May 31, 2011
![Bangalore to lose IT capital tag?]( "Bangalore to lose IT capital tag?")
BANGALORE: Bangalore, that boasted its tag of the country's IT capital, may now lose it, according to a survey.A survey undertaken by Associated Chambers of Commerce and Industry of India (Assocham), warning of this imminent threat, says the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon as more companies have expressed their interest in setting up shop there. This would include IT, IT-enabled services...
09:03 AM, May 31, 2011
New Delhi: There is no secret that Indians would do anything for a good game of cricket and some would even bunk work. An ASSOCHAM report says that 768 million man hours will be lost during the world cup season. But the mantra for many Indian companies is work hard and cheer harder. India is a cricket crazy nation, but when the most important matches happen on a working day...
09:33 AM, Mar 30, 2011
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