Page 3 - Ficci

Emami MD & VC Harsha Vardhan Agarwal takes over as Ficci President

Harsha Vardhan Agarwal, Vice-Chairman and Managing Director of Emami Ltd, on Thursday took over as Ficci President for 2024-2025. At the industry chamber's 97th annual convention in the national capital, he took over from Anish Shah. In a statement, Ficci said Anant Goenka, Vice-Chairman of RPG Group, has been elevated to senior Vice-President of the chamber and Vijay Sankar, Chairman of The Sanmar Group, has joined the Ficci leadership as Vice-President. Harsha Vardhan Agarwal is a second-generation leader of the USD 3.1-billion diversified business conglomerate Emami Group. With his extensive multi-functional knowledge and experience, Agarwal spearheads the FMCG business of the Group -- Emami Ltd as its Vice-Chairman and Managing Director.

Ficci seeks PLI 2.0, tariff review to boost electric vehicle growth

For instance, eligibility for the auto original equipment manufacturer (OEM) PLI requires global group revenues of at least Rs 10,000 crore and investments in fixed assets of Rs 3,000 crore

Goyal urges industry to raise quality standards, appoint representatives

Calls on industry leaders to partner government in easing compliance and decriminalising biz laws

Visionary, an inspiration: India Inc mourns demise of nation's Ratan

Ratan Tata was at the helm of the widely known Tata Group for 21 years between 1991 and 2012, and under him, the group's profits rose by 50 times

Ratan Tata a 'role model' who inspired generations of entrepreneurs: Ficci

Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism". Ficci President Anish Shah said, "Ficci remembers Ratan Tata not just as a successful businessman but as a role model who embodied the values of integrity, humility, and social responsibility." "His vision of ethical capitalism and his efforts to use business as a force for societal good have inspired generations of entrepreneurs and corporate leaders," Shah said. The loss of Mr Tata leaves a void in the Indian business community that will be hard to fill, the industry body said, adding Ficci extends its deepest condolences to his bereaved family and friends. Echoing similar sentiments, Assocham described him as an iconic leader whose influence extended beyond Corporate India making him a global leader with immense goodwill. "Mr Tata not only took a well-diversified

Ficci furniture mission explores collaboration with Singapore businesses

Federation of Indian Chamber of Commerce and Industry's (Ficci) furniture industry mission has explored new avenues for collaboration with furniture businesses in Singapore as a market outreach programme. "This mission is an important milestone in deepening the relationship between the Indian and Singaporean furniture industries," Ficci Furniture Committee Chair Rudra Chatterjee, who led the industry delegation to the city state, said. "We are excited to explore new avenues for collaboration, which can drive growth and prosperity in both markets," he said after interaction with the Singapore Furniture Industries Council (SFIC) on Wednesday. "The collaboration opportunities between SFIC and Ficci present exciting opportunities in areas like sustainability, design and market expansion," SFIC President Phua Boon Huat said after hosting a roundtable and B2B meetings. "We are happy to welcome the Ficci delegation to Singapore, building on recent high-level engagements between our two ..

Soon, National Centre of Excellence for Animation on lines of IITs, IIMs

The Union Cabinet on Wednesday approved a proposal to set up the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) on lines of the IITs and IIMs to anchor the animation ecosystem in the country. Aimed at positioning India as a content hub for providing state-of-the-art content thereby enhancing India's soft power globally and attracting foreign investments into the media and entertainment sector, the centre will be set up in Mumbai as a Section 8 Company under the Companies Act, 2013. The Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industry (CII) representing the industry bodies will be partners with the government in setting up the proposed institute of immersive creators. "AVGC-XR sector today plays an indispensable role in the entire realm of Media and Entertainment, including filmmaking, OTT platforms, gaming, advertisements and several other areas, including health, ..

Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey

Bankers said these sectors stand out from the overall trend

RBI may shift to neutral stance as monsoon eases food inflation concerns

Monsoon progress brightens food inflation outlook

58% Indians feel burned out, higher than global average: Ficci-BCG report

Contrary to popular belief, burnout is not primarily due to excessive workloads but rather the increasing demands for collaboration and frequent interactions, it added

World in most violent phase since second world war: CDS Gen Anil Chauhan

Gen Anil Chauhan noted that the world is passing through an era of big global disruptions, ranging from technological to environmental, peace, security and other issues

Sanjeev Krishan re-elected as chairman of PwC in India for second term

The consultancy said that Krishan would continue to represent it externally and internally. He will also continue to serve on the PwC Global Strategy Council

Fiscal headroom should be used to spend on social sector, says Ficci

The economists said the fiscal deficit target for 2024-25 could be slightly lowered, from the 5.1 per cent estimate laid out in the Interim Budget earlier this year

Govt should spend 2.5% of GDP on health sector, says FICCI panel chief

The Budget Session of Parliament will commence on July 22 and subject to exigencies of Government Business, the session may conclude on August 12

Ficci appoints Jyoti Vij as new director general with immediate effect

In another development, Shailesh Pathak, secretary general, Ficci has resigned citing personal reasons

Food processing industry should focus on quality, says Anita Praveen

Addressing stakeholders, secretary said that the industry will have to stand for itself by building quality products, adding that ultra-processed food cannot become the cause of disease

Hope India-UK FTA not far away, says incoming Ficci UK Council chair

The proposed India-UK free trade agreement is hopefully not far on the horizon as it will offer immense opportunity to be leveraged within the bilateral partnership, said the new chair of a trade council that has played a key role in shaping the ongoing negotiations. UK-based tech professional Priya Guha, who invests in women-led innovation as Venture Partner of Merian Ventures, took over as chair of the Federation of Indian Chambers of Commerce and Industry (FICCI) UK Council from Baroness Usha Prashar at a hand-over ceremony at the High Commission of India in London on Monday evening. The India-UK Free Trade Agreement (FTA) negotiations opened in January 2022 and are aimed at significantly enhancing bilateral trade currently worth around GBP 38.1 billion a year. The negotiations are now in their fourteenth round of talks, and likely to pick up pace following the Indian general election. Guha, the British Indian investor, expressed the hope that the bilateral partnership would ..

Need more doctors, hospital beds to achieve healthcare vision 2047: Report

There is a need to increase the number of qualified doctors to more than 50 lakh and also add 30 lakh more hospital beds in the country in order to achieve India's healthcare vision 2047, according to a report. The increase in the number of doctors and beds in hospitals would help India get closer to the average of developed countries, as per a FICCI-EY Report titled 'Decoding India's Healthcare Landscape'. India has witnessed a significant increase in the number of medical colleges and MBBS seats, addressing the growing demand for healthcare professionals, it said. The number of registered allopathic doctors witnessed substantial growth, rising from 6,60,801 in 2005 to 13,08,009 such doctors in 2022, the report said. Similarly, the bed capacity in government hospitals across India has consistently grown from 4.7 lakh beds in 2005 to 8.5 lakh beds in 2021. The report also highlighted the importance of having 100 per cent health insurance coverage for the country's population. It

Ficci, IESA sign contract to foster innovation in semiconductor industry

The Federation of Indian Chambers of Commerce and Industry (FICCI) and the India Electronics and Semiconductor Association (IESA) have signed a Memorandum of Understanding to promote innovation, support the semiconductor and electronics industry, and strengthen supply chains. The MoU, signed on April 14, establishes a framework for long-term collaboration between the two organisations. "This collaboration will focus on establishing a joint task force on semiconductors and future critical technologies. The core objective of this MoU is to conduct technology consultative roundtables and foster business partnerships," said S K Pathak, secretary general of FICCI, in a press release. Ashok Chandak, president of IESA, expressed optimism during the MoU signing and said, "By leveraging IESA's domain expertise and FICCI's influential member network, we are poised to significantly increase investments from Indian conglomerates in the semiconductors and electronics sectors." Veerappan, ...

Stakeholders seek more time for feedback on Digi Competition Bill

Industry associations say that consultations on the contentious bill should not be pushed through during the elections