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Developers' housing focus deepens office space shortage: Knight Frank

Knight Frank-CII report says India's top developers are prioritising residential projects over office spaces due to higher margins and quicker returns, causing supply imbalances

Goa should set up maritime board to guide sector development: CII

Goa should set up a maritime board to guide sector development, promote green technologies, and foster public-private partnerships for infrastructure and Research and Development, CII said in a report released on Friday. The report titled "India Shipbuilding Roadmap Towards Maritime Amrit Kaal Vision 2047" said that Goa holds the leading position in India's commercial shipbuilding sector, contributing approximately 40 per cent to the nation's total commercial vessel deliveries as of September 2025. Goa's shipbuilding industry, valued at Rs 22,865 crore in FY24, has the potential to grow to Rs 64,058 crore by FY37, contributing nearly 11 per cent to Goa's GSDP. With 3,000 direct and 18,000 plus indirect jobs, the sector is a critical pillar of Goa's industrial economy. The report suggests the state should have a maritime board which will give single-window system for clearances, licences and permits for maritime projects processed centrally. The board will also work for shipbuilding

Ashwini Vaishnaw to inaugurate 16th International Railway Expo: CII

Railway Minister Ashwini Vaishnaw will inaugurate the 16th International Railway Equipment Exhibition, to be held from October 15 to 17 at Bharat Mandapam here, the Confederation of Indian Industry (CII) said on Thursday. Launched in 1990, the International Railway Equipment Exhibition (IREE) is the CII's premier flagship exhibition that is being organised in partnership with the Ministry of Railways. "This year's edition is poised to be the most spectacular yet, with over 450 exhibitors from 15-plus countries showcasing state-of-the-art technologies, solutions and services for the rail and metro sector," a press statement from the CII said. "IREE has grown into a landmark event that reflects the continuing collaboration between CII and the Ministry of Railways. Over the decades, it has consistently showcased India's engineering strength and its ambitions to become a global leader in rail technology," it added. According to the CII, the 2025 edition of the IRRE further strengthens

CII seeks tax holiday, rule harmonisation to boost India's GCC sector

CII suggests tax holidays, concessional rates, GST clarity and harmonised permanent establishment rules for GCCs, projecting $600 bn GDP impact and 25 mn jobs by 2030

CII seeks framework to position India as hub for innovation-led GCCs

The Confederation of Indian Industry (CII) on Sunday suggested a framework for a National Global Capability Centres (GCC) Policy, that can position the country as the global headquarters for innovation-driven GCCs, generate 20-25 million jobs and contribute up to USD 600 billion in economic impact. The framework for National GCC Policy, encompasses the setting up Digital Economic Zones, deepening industry-academia partnerships and establishing a GCC Council for inter-ministerial coordination and centre-state alignment. The implementation of the National GCC Policy framework, alongside the Model State Policy, can double India's GCC footprint by 2030, and make India the world's premier architect of enterprise innovation, the industry lobby argued. It has been proposed in the Union Budget 2025-26 that a National Framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier II cities. The framework suggested by CII calls for clear performan

AI no longer futuristic concept, but central pillar: CII-Protiviti report

Artificial Intelligence (AI) has moved beyond being a futuristic concept to become a central pillar of modern business transformation, reshaping economies, industries, and societies by driving global competitiveness, operational efficiency, customer experience, risk management, sustainability, and innovation, as per a report by the Confederation of Indian Industry (CII) and Protiviti. The "Vision AI: Trends and Strategic Insights 2025" report, released on Thursday, highlighted AI's pervasive impact across various sectors. "The question of whether AI will change our world is no longer hypothetical -- we are seeing the impact everyday. From transforming industries to reshaping how we work, AI has moved from opportunity to impact. AI literacy and fluency are no longer optional; they are mission-critical for every industry, every leader, and every enterprise. The opportunity to build with AI is immense," Microsoft India & South Asia President Puneet Chandok said. In the financial ...

Need to boost raw material ecosystem for medtech sector growth: Report

There is a need to fine-tune the PLI scheme for MSME participation and develop the raw material ecosystem in order to scale up the country's medtech sector to account for 10-12 per cent of the global market, according to a CII-BCG report. Valued at around USD 16 billion, India's medical technology (medtech) industry currently accounts for only around 2 per cent of the USD 680 billion global market. With the government's Viksit Bharat 2047 vision, the sector has been identified as a strategic pillar in the 'Make in India' agenda, with aspirations to reduce import dependency to below 50 per cent and increase India's share of the global market to 10-12 per cent. The CII-BCG report has outlined nine strategic initiatives to drive the next phase of growth. The report stated that rationalising import duties and duty exemptions for critical raw materials and attracting MNC manufacturing and R&D hubs to India is crucial for sector growth. Besides, there is a need to unlock the potential .

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