New Delhi: The Standing Committee's report on land acquisition has been slammed by India Incorporate. This came after the committee insisted that land acquisition by the government can only be done for infrastructure and social projects and not for private profit. Confederation of Indian Industry (CII) President Adi Godrej said, "The Standing Committee report on land will adversely affect the manufacturing sector as it doesn't factor in industry needs. The...
07:33 AM, May 18, 2012
Confederation of Indian Industry (CII) Director General, Chandrajit Banerjee, said on Thursday that he will wait and watch how FM Pranab Mukherjee addressed the issue of fiscal consolidation and increased revenues. ...
09:40 AM, Mar 09, 2012
New Delhi: The government's decision to hold back FDI in retail may have bought peace with the Opposition and certain allies, but voices of disapproval have started coming in from India Inc. Corporate India has given a thumbs down to the Manmohan Singh government for backing down on FDI in retail. Sources say global investors are frustrated by this policy paralysis Confederation of Indian Industry President B Muthuraman said that...
07:08 AM, Dec 08, 2011
Coimbatore: Foreign investment in multi-brand retail would help the overall economy of the country, CII President B Muthuraman on Saturday said. "It is a good move and the Confederation of Indian Industry (CII) welcomes it. The investments would do good for the overall economy and trigger job creation," Muthuraman, who was here to inaugurate a new office premises for the local chapter of CII, said. The government on Thursday allowed...
08:04 PM, Nov 26, 2011
Mumbai: India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates, political gridlock, gloom in the West and a sliding rupee have conspired to dampen investor and corporate sentiment in Asia's third-largest economy. Share prices are down 20 per cent for the year, bad loans are on the rise, and companies are delaying big investments that would add much-needed industrial and infrastructure capacity. Leaders of some...
06:00 PM, Nov 18, 2011
Washington: Finance Minister Pranab Mukherjee on Wednesday said the economy will grow by around 8.5 per cent in the current fiscal despite the conscious decision of the Reserve Bank to sacrifice growth to contain inflation. "I am still holding the projection which I had that is 8.5 per cent plus... We shall have to wait for some time. But it would not be less than 8 per cent plus," he...
10:44 AM, Jun 29, 2011
Washington: Finance Minister Pranab Mukherjee on Monday said inflation poses a major challenge to the Indian economy and projected that the rate of inflation is going to be more than 6.5 per cent this year. "There are problems (with the Indian economy) and one of the major problems is inflation," Mukherjee said, addressing a meeting of India and American corporate leaders, think-tank members and policymakers at a conference on the...
11:31 AM, Jun 28, 2011
Washington: Finance Minister Pranab Mukherjee on Monday strongly refuted observations by US think-tanks, the government and industry that India has gone slow on economic reforms and insisted that a series of reforms are in the process, which will lead to the next round of growth. However, Mukherjee observed that reforms in India require political consensus, which is being worked upon by the government led by Prime Minister Manmohan Singh. Reform...
10:32 AM, Jun 28, 2011
Washington: India over the years has emerged as a role model for balanced economic growth for countries across the world, US Treasury Secretary Timothy Geithner said on Tuesday. "India in some ways is the model for how to produce broad-based economic growth, with a balanced growth in an equitable free market system," Geithner said addressing a meeting of India and American corporate leaders, policy makers and think-tank members at a...
10:21 AM, Jun 28, 2011
Wim Elfrink Age: 59 Designation: EVP, Emerging Solutions and Chief Globalisation Officer, Cisco Education: BA Engineering and Business Administration, Netherlands Career: Digital Equipment Corp, Hewlett Packard, Rank Xerox and Olivetti before Cisco in 1997 Hobbies: Running. Has run 42 marathons After four and a half years, how does your globalisation initiative look like? I would call it an evolution. I came here as a corporate entrepreneur with the objective to...
11:52 AM, Jun 18, 2011
Dhaka: Fifty Indian investors, including the Tata, Birla and TVS groups, have sought a special economic zone (SEZ) to be set up in Bangladesh for joint ventures. A visiting business delegation of the Confederation of Indian Industry (CII) on Monday proposed that the Bangladesh government establish a SEZ for them to house joint venture (JVs) industries. The reaction of Bangladesh government was positive about the proposal. Commerce Minister Faruk Khan...
01:03 PM, May 10, 2011
Expectations are that UPA's electoral victory will mean a reformist agenda. ...
07:53 AM, Jul 01, 2009
There's skilled manpower on hand and AIDS among youth on the other, says CII. ...
08:58 PM, Jun 13, 2008
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