Page 2 - Cii

Establish a 2-tier fiscal council to institutionalise fiscal oversight: CII

The blueprint, titled Policies for a Competitive India, lays out over 250 actionable recommendations across 14 reform areas

CII suggests reforms in GST; trade policy, jobs to achieve 'Viksit Bharat'

Industry lobby CII on Sunday unveiled a reform roadmap to accelerate India's economic transformation, pitching for a simplified GST structure, expanded coverage to petroleum and real estate, rationalised tariff structure, national employment and gig economy policies. The Confederation of Indian Industry (CII) in its report "Policies for a Competitive India", presents over 250 actionable recommendations across 14 critical reform areas. Developed through wide-ranging consultations with industry leaders, economists, and policy experts, the blueprint is aligned with the government's Viksit Bharat vision, it said. CII President Rajiv Memani said, "These recommendations are closely aligned with the government's reform trajectory and are in support of the Prime Minister's call for bold and transformative change. As a live document, policies for a Competitive India will continue to evolve, bringing fresh ideas to support policymakers." The reform areas include fiscal prudence, inflation ..

Comprehensive land reforms key for India to become manufacturing hub: CII

Industry body CII on Sunday pitched for comprehensive land reforms such as the formation of a GST-like Council to enable coordinated and consensus-based reforms and uniform stamp duty rates of 3 to 5 per cent across the country for India to become a global manufacturing hub. While protectionism and trade wars pose a challenge, India's stable policy framework, strong industrial capabilities, large domestic market and a young workforce, coupled with its reputation as a trusted and capable partner among many nations, set it up as an attractive investment destination, it stated. The Confederation of Indian Industry (CII) has proposed establishing Integrated Land Authorities in each state, and also advocated full digitisation of the conversion process, besides suggesting rationalisation of stamp duty rates to a uniform range of 3 to 5 per cent across states. It also recommended that states should move to a conclusive titling system that ensures clear ownership. "The global landscape is

Enact legislation to ensure time-bound delivery of services: CII

Industry lobby CII on Sunday called for the enactment of a central legislation to guarantee time-bound delivery of services to businesses by Union ministries, with penalties for delays or deficiencies and a strong grievance redressal framework. This reform, it argued, is crucial for strengthening regulatory certainty, enhancing predictability and improving the overall ease of doing business in India. A key challenge remains the uncertainty on timelines for approval, which creates delays and cascading costs. Addressing this issue would strengthen confidence and support more timely and predictable service delivery, the Confederation of Indian Industry (CII) stated. "Despite commendable initiatives to mandate timelines in a range of areas, businesses continue to face procedural delays, regulatory uncertainty and non-adherence to timelines, significantly affecting operational efficiency and long-term investment planning. Absence of strictly enforced timelines is also felt in areas such

Urban consumption not growing as anticipated: CII President Rajiv Memani

Memani talked about issues ranging from India-US FTA to India's complex relationship with China and the labour code implementation

Proximity, culture make Sri Lanka ideal for Indian firms: Sanjiv Puri

ITC Chairman Sanjiv Puri says cultural affinity and geography make Sri Lanka a preferred overseas destination as Indian companies expand and FTAs open new avenues

Need 10% nominal GDP growth a year to achieve Viksit Bharat goal: CII chief

India needs an average nominal GDP growth rate of 10 per cent annually to achieve the government's vision of Viksit Bharat by 2047, CII President Rajiv Memani said. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP. "India would require an average about 10 per cent nominal growth to achieve the Viksit Bharat vision," Memani told PTI. In an interview to PTI, the newly-appointed president of the industry lobby observed that the interim trade pact between India and the US, expected to be finalised shortly, will remove the cloud of "uncertainty", providing access to a bigger market for Indian firms, especially in labour-intensive sectors. The trade pact between the two nations will also pave the way for technology transfers, more joint ventures and partnerships, the CII president said. "So I think first is that the uncertainty which was there, I think that will go away. Peo

Risky to rely on only a few nations for mfg, supply chains: CII President

CII president Rajiv Memani says China's Foxconn exit signals the risk of over-relying on a few countries for manufacturing and supply chains, and outlines India's growth prospects for 2025-26

New cost inflation hike by CBDT brings relief for property sellers: Experts

'The higher cost inflation index helps cushion sellers from rising prices, lowering their taxable gains,' say experts, making long-term property sales more tax-friendly.

India's FY26 GDP growth likely to be 6.4-6.7% amid strong demand: CII

The Indian economy is expected to grow by 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, CII President Rajiv Memani said on Thursday. Addressing his first press conference after taking over as the CII president, Memani observed that factors including a good monsoon forecast, and enhanced liquidity emanating from the Reserve Bank's CRR cut, and interest rate reduction will support the country's economic growth. Last month, the central bank announced slashing Cash Reserve Ratio (CRR) by 100 basis points, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. Benchmark interest rate was cut by 50 basis points to 5.5 per cent. "We expect (economic growth in) a range of 6.4 to 6.7 per cent," Memani said in response to a question on CII's gross domestic growth (GDP) forecast for India during 2025-26. Observing that there are some obvi

Sebi streamlines minimum information rules for RPTs from September

From September 1, companies must provide detailed certificates, valuations and disclosures to audit committees and shareholders for related party transactions

CII Karnataka to drive AI-led growth, boost MSME and sunrise sectors

The Confederation of Indian Industry (CII), Karnataka announced on Thursday that it will focus on AI led transformation, sunrise sectors and MSMEs capacity building to enhance the state's competitiveness on the global stage. Our focus is to create a resilient and agile ecosystem that empowers industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy, said Rabindra Srikantan, Chairman of CII Karnataka and Founder and Managing Director, ASM Technologies Ltd. He was addressing a press briefing organised to discuss CII's roadmap to the future. A key pillar of this journey is the expansion of Global Capability Centres (GCCs), which are rapidly evolving from support hubs to strategic innovation engines across sectors, he added. According to him, CII Karnataka is working closely with government, academia, startups, and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial ...

EY India Chairman and CEO Rajiv Memani takes over as CII president

The newly constituted National Council of the Confederation of Indian Industry at a meeting elected its new office bearers for the year 2025-26, CII said

EY India Chairman Rajiv Memani takes over as CII President for FY26

Ernst & Young (EY) India's Chairman and CEO Rajiv Memani has assumed office as the President of the Confederation of Indian Industry (CII) for 2025-26, the industry lobby said on Sunday. He takes over from Sanjiv Puri, Chairman & Managing Director of ITC Ltd. Memani is also a member of EY Global Executive Board as the Chair of its Growth Markets Council. R Mukundan, Managing Director & CEO of Tata Chemicals Ltd took over as CII President-Designate for 2025-26. Mukundan joined Tata Administrative Service in 1990, after completion of MBA from FMS, Delhi University. He is a distinguished alumnus of IIT, Roorkee; Fellow of Indian Chemical Society and an alumnus of Harvard Business School. Suchitra K Ella, Co-founder and Managing Director, Bharat Biotech International Ltd took over as CII Vice President for 2025-26. She was instrumental in founding Bharat Biotech way back in 1996.

FDI hits $81 billion in 2024-25, highest in three years: DPIIT Secretary

Foreign direct investments (FDI) in the country rose to a three-year high of USD 81 billion in 2024-25 and are expected to grow further, a top government official said on Thursday. Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), said that increased investments by Indian industry in other countries demonstrate the fact that they are realising they have to grow. "They not only need to be focussed internally, they also need to acquire technology, need to secure resources and gain greater market access in other countries," he said here at a CII event. Bhatia said that the free trade agreements that India is signing will provide opportunities for all businesses. The production-linked incentive schemes for sectors like electronics are helping to boost manufacturing. He urged the industry to look beyond the uncertainties, which are short-term in nature, and rather adopt a longer-term horizon to truly capitalize on the emerging ...

Sunil Mittal urges industry to adopt 'India-first' focus on talent, R&D

Bharti Group Chairman Sunil Mittal on Thursday exhorted the industry to prioritise an 'India-first' approach, rising above individual or sectoral interests to contribute to nation-building as the telecom sector doyen advocated prioritising of talent dividend, stepping up R&D, trade reset and a collaborative framework between industry and government. Speaking at the CII Annual Business Summit 2025, Mittal also advised companies to emulate the 'Tata' mould of trust as he highlighted the respect commanded by the 'house of Tatas'. Citing the progress made towards trade pacts between India and key nations, Mittal exuded confidence that the government will safeguard industry's interests in trade agreements, but asserted at the same time, that it is important that the "industry and chambers don't ask for things which will make FTAs difficult". Stating that lakhs of crores are stuck in litigation around direct taxes, indirect taxes, and other regulatory matters, the industry stalwart said

NITI Aayog's Chand outlines 5 priority areas to lower carbon footprint

Ramesh Chand outlines a five-point agenda to cut agriculture's carbon footprint, urging policy reform in pricing, input efficiency and climate-suitable cropping

India will become world's data capital in next five years: Scindia

India is set to become the data capital of the world over the next five years, Telecom Minister Jyotiraditya Scindia said on Thursday. Speaking at the CII Annual Business Summit 2025, Scindia said India is seen as a digital-first economy across the world. Leading this digital-first economy is the telecom revolution. "India, I believe, in the next five years, will become the data capital of the world," Scindia said. The minister said that the telecom subscriber base has jumped from 800 million a decade ago to a level where India is now the second largest mobile market with 1.2 billion subscribers. The broadband user base has grown to 940 million, he added. At the same time, the connectivity costs and handset prices have fallen drastically, Scindia said, recalling the days when tariffs were as high as Rs 16 per minute. "When we talk about data, 11 years ago, 1 GB of data would cost you Rs 287. Today, 1 GB of data costs you Rs 9. There is a 97 per cent reduction in the cost of ...

FDI inflows set to grow further, says DPIIT secretary at CII summit

DPIIT Secretary Amardeep Singh Bhatia says FDI will grow as investor interest remains high, driven by policy support, trade pacts and India's growth momentum

CII urges govt to establish centralised oversight mechanism for tribunals

CII recommends amending Tribunal Reforms Act to create a statutory central oversight body for performance, appointments, and governance across tribunals