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The Ficci Manufacturing Index reached an all-time high in the third quarter, with 91 per cent of firms reporting steady or higher production, up from 87 per cent in the previous quarter, despite production costs remaining on the higher side. The Ficci's 68th edition of Quarterly Survey on Manufacturing (QSM) assessed the performance and sentiments of manufacturers for eight major sectors in the third quarter. These include auto components, capital goods, chemicals, fertilisers & pharmaceuticals, electronics & electricals, machine tools, metal & metal products, textiles, apparel & technical textiles and miscellaneous. Responses have been drawn from manufacturing units from both large and SME segments with a combined annual turnover of over Rs 3 lakh crore. Nearly 57 per cent of the respondents reported an increase in the cost of production as a percentage of sales, which is consistent with the previous quarter's findings, indicating that costs are still on the higher ...
A cohesive national and state-level regulatory framework that gives investors long-term confidence is essential for the country to meet its non-fossil goals, according to a CRISIL expert. The government has an ambitious target of having 500 GW non-fossil fuel-based power generation capacity by 2030. Non-fossil fuel capacities include sources like solar, wind, biomass, waste-to-energy, hydro projects etc. "Achieving India's 500 GW non-fossil target will require a cohesive national and state-level regulatory framework that gives investors long-term confidence," a statement issued by FICCI said, quoting Ashish Mittal, Director, Energy & Commodities, CRISIL. Cap-and-floor mechanisms, viability gap funding and storage-as-a-service models will be critical to de-risk investments and unlock private capital at the scale India now needs, he said at FICCI's India Power and Energy Storage Conference on Wednesday. On energy storage, Ashok Sharma, the Deputy Managing Director, State Bank of .
India is "in a sweet spot" to sustain growth, and the GDP is expected to expand by over 7 per cent this financial year on the back of strong macro fundamentals and ongoing reforms, new FICCI President Anant Goenka said on Tuesday. Goenka also said that the chamber's focus for the coming year would be to increase the share of the manufacturing sector in the GDP from its current 15-17 per cent to 20-25 per cent levels over time. To make sure that happens, the chamber has outlined priorities such as increasing R&D spending from 0.7 per cent to over one per cent of GDP; strengthening industry-academia partnerships, supporting the government's efforts to further promote ease of doing business, trade and supply chain security, and enhancing manufacturing excellence which includes focus on quality, women in the workforce, and adopting sustainable practices. "I think GDP should be 7 plus kind of level (during 2025-26). After all the changes that have happened with respect to the income ...
Around 83 per cent of patients in India seek objective, accessible information to guide their healthcare choices, and nearly 90 per cent are willing to pay more for certified quality, as per a report by FICCI and EY-Parthenon. While India's healthcare efficiency outperforms global peers, structural and financial pressures reinforce the need for a national framework that sets clear minimum quality standards, enabling patients to make informed healthcare choices, the report, titled 'True Accountable Care: Maximizing Healthcare Delivery Impact, Efficiently', stated. The report, based on research across 250 hospitals in 40 cities with 75,000 beds, surveys of over 1,000 patients and 100-plus clinicians, consultation with CXOs and investors, stated that bed per capita capacity has doubled since 2000 in India. The country still has one of the lowest hospital bed densities globally and a dual payor-provider fragmentation challenge with just 25-30 beds per hospital compared to over 100 ...
Union Food Processing Minister Chirag Paswan on Wednesday stressed on the need to correct false narrative that processed food are bad for health. The Food Processing Industries Ministry has set up a committee in this regards, he added. Addressing a press conference to announce World Food India event, Paswan said that the level of food processing is still low in the country and there is a huge scope for growth in this sector. He said this sector can boost farmers income and also provide huge job opportunities to youth. Paswan spoke about "misleading advertisements" that brand processed food as "bad". False narratives are being set that processed food losses nutrients value, he added. Paswan said there is a growing demand for ready-to-eat and ready-to-cook foods because of nuclear families and working couples. Food regulator FSSAI ensures the safety of food products, he added. Paswan announced his ministry will hold flagship conference 'World Food India 2025' in the national cap