FICCI

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

Investments by India in Chelyabinsk Region welcomed: Governor Boris Dubrovsky

New Delhi [India], Apr 20 : Governor Chelyabinsk Region Russia, Boris Dubrovsky on Thursday invited the Indian industry to explore the investment opportunities in the Chelyabinsk Region of Russia, which offers tax incentives to foreign investors.

Speaking at an interactive session organized by FICCI, Boris Dubrovsky held out the assurance that the Chelyabinsk Region would cooperate with the Indian businesses and their investment will be fully protected.

He said that Indian investments in Russia were estimated at USD eight billion and Russian investments in India totaled about USD three billion.

India Innovation Growth Programme (IIGP) 2.0 to support Industrial and Social Innovations

India Innovation Growth Programme (IIGP) 2.0 to support Industrial and Social

New Delhi [India], Mar 14 : Strengthening its commitment to foster innovation and entrepreneurship, the Department of Science and Technology launched the India Innovation Growth Programme 2.0 on Saturday.

The programme has been running since 2007 with the support of Lockheed Martin Corporation and has supported close to 500 innovators, start-ups, creating an economic value of approx. USD 900 million.

The programme has been administered by the Indo-US Science and Technology Forum and implemented by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Through a wide outreach campaign undertaken by FICCI over the last 10

Industry upbeat to expand business with IORA, says FICCI survey

Industry upbeat to expand business with IORA, says FICCI survey

New Delhi [India], Mar 3 : The Indian Ocean has been a fulcrum of Indian diplomacy. According to the Government of India, maritime trade accounts for about 75 percent value and more than 90 percent of volume of Indian trade.

Possessing a population of two billion people with nine percent of world GDP, 12 percent of global exports and 18 percent of global investment flows, the IOR region has enormous economic potential to expand and grow.

FICCI report cites learnings from UK to create successful innovation ecosystem in India

FICCI report cites learnings from UK to create successful innovation ecosystem

New Delhi, [India], Feb. 22 : A report on the vibrancy of the startup ecosystem in the UK and its lessons for India's developing startup scene was launched on Tuesday.

The report, written by the Federation of Indian Chambers of Commerce and Industry (FICCI), and its India Advisory Group in the UK, looks at the British experience in creating a thriving startup ecosystem and what learnings the Indian central and state governments could take from it. The report's partners are techUK, Indian Angel Network and London & Partners.

The report identifies the ingredients to create a successful innovation ecosystem, including accommodative policy, entrepreneurial culture, availability of human capital, access to markets, access to finance and institutional support.

FICCI welcomes Ministry of Coal's announcement to introduce commercial mining of coal

FICCI welcomes Ministry of Coal's announcement to introduce commercial mining

New Delhi [India], Feb.4 : "FICCI welcomes Ministry of Coal's announcement to introduce commercial mining of coal and sees it as a positive policy direction towards development of a market-based economy that will be supporting the growth of industrial sectors dependent on coal as fuel", said Mr. Pankaj R. Patel, President, FICCI.

FICCI had published an Approach Paper suggesting the framework of auctioning of mining leases and a market construct that will enable daily trade monitoring and collateral management while enabling transparent price discovery after due consultation with market participants and stakeholders.

Economy to grow five-fold by 2040, quotes FICCI representation on reforms required for a transition to gas based economy

Economy to grow five-fold by 2040, quotes FICCI representation on reforms

New Delhi [India], Jan 19 : Indian economy is poised to grow five-fold by the year 2040. Hydrocarbons will continue to play an important role in this growth story. This is also important that we increase our domestic oil and gas production to reduce overdependence on oil imports.

While delivering the inaugural address at PETROTECH 2016, Prime Minister Modi said, "I have to set a target to reduce import dependence by ten percent by 2022. This will have to be achieved during a period of increasing oil consumption."

He also stated that his government accords high priority to move towards a Gas Based Economy and efforts should be made to increase domestic production.

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi

Abu Dhabi (United Arab Emirates), Jan.16 : FICCI is leading a high-level Business Delegation accompanying Mr. Piyush Goyal, Minister of Power, Coal, New & Renewable Energy & Mines to the World Future Energy Summit at Abu Dhabi during 15-18 January 2017.

As a part of the Minister's visit to participate in 7th International Renewable Energy Agency (IRENA) Assembly Meeting and the World Future Energy Summit a visit to Masdar Smart City was undertaken.

The city, which combines ancient Arabic architectural techniques with modern technology and captures prevailing winds and uses clean energy generated on site from rooftop solar technology.

FICCI announces Pankaj Patel as the new President

New Delhi [India], Nov 22 : FICCI on Monday announced Pankaj R. Patel, Chairman and Managing Director of Zydus Cadila - Cadila Healthcare Ltd. as the newly elected President of Federation of Indian Chambers of Commerce and Industry (FICCI) for the year 2017.

Pankaj Patel spearheads Zydus Cadila, an innovation-driven global healthcare company which manufactures and markets a wide range of products ranging from APIs to formulations, vaccines, biologicals and niche technologies.

With over 1200 researchers, the group has been at the forefront bridging unmet healthcare needs with novel therapies that are affordable and accessible.

Patel is the Chairman of the Board of Governors and Society, IIM, Udaipur and IIT, Bhubaneswar. He is also on the Board of IIM-Ahmedabad.

FICCI launches 'Self-regulation Code of Conduct' for e-pharmacy sector

New Delhi [India], Nov 22 : The Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday announced the launch of Self-regulation Code of Conduct for the E pharmacy sector in the presence of key stakeholders here.

Accessibility, affordability and lack of awareness are the major challenges for last mile access to medicines. These barriers could be effectively overcome by adopting technology, specifically the Internet, into the healthcare system.

Over the last one year, E-pharmacy has come up as a significant channel to provide last mile access to medicines. This will most importantly benefit patients of chronic diseases, elderly patients and sick patients who are not in a condition to go out to find a pharmacy.

Javadekar, N. Chandrababu Naidu to flag off FICCI Higher Education Summit

Javadekar, N. Chandrababu Naidu to flag off FICCI Higher Education Summit

New Delhi [India], Nov. 10 : The highly coveted FICCI Higher Education Summit 2016 on the theme 'Education for Tomorrow: Learn in India-Learn for the World' will be held on Thursday at Vigyan Bhavan here.

Union Human Resource Development Minister Prakash Javadekar and Andhra Pradesh Chief Minister N. Chandrababu Naidu will flag off the Summit.

The three-day global conference and exhibition will also be addressed by Secretary, Ministry of Commerce and Industry Rita Teaotia, NITI Aayog CEO Amitabh Kant, Martine Reicherts, Director General, EU, Education and Culture; Harshavardhan Neotia, President, FICCI and Dr Rajan Saxena, Chairman, FICCI Higher Education Committee.

Scrapping of Rs. 500, 1000 notes will deal body blow to terror financing: FICCI

Scrapping of Rs. 500, 1000 notes will deal body blow to terror financing: FICCI

New Delhi [India], Nov. 9 : Welcoming the government's decision to declare that all Rs. 1000/500 currency notes will cease to be legal tender from Tuesday midnight, FICCI president Harshavardhan Neotia said the move will have debilitating impact on the parallel economy in the country as well as deal a body blow to terror financing.

"This is an extremely bold move by the Prime Minister and will have a debilitating impact on the parallel economy in the country as well as deal a body blow to terror financing. FICCI completely supports this move of the government and complements it for its continuous and comprehensive measures to deal with the issue of black money in the country," Neotia said.

FICCI reconstitutes India - UK Forum of Parliamentarians to cement bilateral ties through a track two mode

New Delhi [India], Nov 7 : Ahead of UK Prime Minister Theresa May's three-day visit to India from November six to eight, FICCI has reconstituted the India-UK Forum of Parliamentarians as an important initiative to cement bilateral ties through a track two mode.

Launched with the objective to strengthen Parliamentary diplomacy that binds India and the UK, the Forum brings together MPs across political ideologies, age group and gender. The Forum is Chaired by Rajya Sabha MP and scholar, Dr. Vinay Sahasrabuddhe.

India is a primary destination for Cardiac surgery, Orthopedics, Oncology and Alternative Medicine, says FICCI-IMS Study

New Delhi [India], Oct 3 : FICCI in association with IMS Health has announced a knowledge paper titled 'Medical Value Travel in India: Enhancing Value in MVT', at the second International Summit on Medical Value Travel (MVT) - Advantage Healthcare India.

According to the study, India is one the key MVT destinations in Asia with over 500,000 foreign patients seeking treatment. It revealed that cost effectiveness, superior clinical outcomes and alternative medicine are key parameters on which India differentiates itself from other MVT destinations.

India’s media & entertainment industry grows 12% in 2013: report

India’s media & entertainment industry grows 12% in 2013: report The Indian Media & Entertainment industry grew 12 per cent last year with its revenue touching Rs 920 billion, a fresh report by market research firm KPMG and the Federation of Indian Chambers of Commerce & Industry (FICCI) said.

The film industry enjoyed a double digit growth in 2013, as a great number of movies scored big on box office collections.  Nearly 90 per cent of movie screens are now digitized in India, as the industry is focusing to tier II and tier III cities.

Industry backs move to criminalize private sector corruption

Industry backs move to criminalize private sector corruptionThe industry players in India are supporting a government's plan to make corruption in private sector a criminal offence in order to control the menace.

The Indian government is considering amending the Indian Penal Code (IPC) for making private sector bribery a criminal punishment with stricter punishment. The amendment will make both giving and taking bribery in private sector dealings, a criminal offense under the Indian law.

CII and FICCI ask for reduction in interest rates

CII and FICCI ask for reduction in interest ratesThe Confederation of Indian Industry (CII) and the Federation of Indian Chambers of commerce & Industry (FICCI) have urged Finance Minister P Chidambaram to reduce interest rates, stimulate investment, and bring clarity in tax laws to reverse the economic slowdown.

CII President Adi Godrej and FICCI President R. V. Kanoria made the suggestions in a meeting that took place ahead of Mr. Chidambaram's scheduled meeting with public sector bankers on August 18.

Media and entertainment sector grows 12 percent in 2011, report

Media and entertainment sector grows 12 percent in 2011, reportAccording to a new report, India’s media and entertainment (M&E) sector has recorded a growth of 12 per cent to Rs. 72,800 crore in 2011.

The new FICCI-KPMG report said the sector is expected to record a compounded aggregate growth rate (CAGR) of 15 per cent by 2016. KPMG's Head of Media & Entertainment, Jehil Thakkar said that the sector is seeing a major shift.

Government to ratify easier business visa rules for Pakistan

Government to ratify easier business visa rules for PakistanAccording to a senior government official, the union cabinet is expected to discuss a more liberal visa regime for business travelers from the neighboring country, which was earlier agreed to by India and Pakistan.

The move is aimed to boost business travel between the two neighbors, which have huge underutilized trade potential. Arvind Mehta, joint secretary at the commerce ministry has said that the foreign ministry will make a note on new visa rules in the next week or so for ratification by the union cabinet.

Indian economy to grow between 7.6 - 8 per cent, says Ahluwalia

Indian economy to grow between 7.6 - 8 per cent, says AhluwaliaMr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission ha said on Friday that he expects the Indian economy to grow between 7.6 to 8 per cent in the current financial year.

While speaking on the sidelines of an event organized by FICCI, he said that even at the rate of 7.6 per cent, the Indian economy is growing at a speed unmatched in the world.

"Our objective should not be to worry about the fact that it has slowed down, but how to make it grow at 8 per cent plus next year," eh said.

ASEAN markets more accessible to Indian companies: FICCI

ASEAN markets more accessible to Indian companies: FICCINew Delhi, Sep 25 - Free trade agreement (FTA) with Association of Southeast Asian Nations (ASEAN) has increased market access for Indian companies, a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) said Sunday.

"FTA has opened up more opportunities for Indian industries in terms of greater market access for their products in the ASEAN region," said the FICCI in its findings on the impact of the FTA on Indian industry.




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