Page 5 - Ficci

Ethanol blending programme may hit supply bottleneck after successful run

Doubts crop in over the viability of achieving 20% ethanol blending

Manufacturing sentiment positive in first quarter, shows Ficci survey

In the fourth quarter of FY23, 55 per cent of the respondents reported higher production levels

Manufacturing sentiments in India remain positive for first quarter: Ficci

Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The survey assessed the sentiments of manufacturers for April-June (2023-24) for nine major sectors namely automotive & auto components, capital goods & construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics & white goods, machine tools, metal & metal products, textiles, apparels & technical textiles, toys & handicraft. Responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 7.70 lakh crore. In March quarter FY23, 55 per cent of the respondents reported higher production levels. Further, over 57

India-UK FTA has to be win-win for both sides, says FICCI president

Free trade agreements (FTAs) need to ensure they provide a level playing field and the India-UK FTA, which recently completed its 10th round of negotiations, has to be a win-win scenario for both sides, the head of India's leading business chambers has said. Subhrakant Panda, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), was in the UK this week for the FICCI Forum of Parliamentarians, a bipartisan initiative for political outreach. The delegation from India was briefed on areas of interest in the bilateral relationship over a series of discussions with businesses and parliamentarians. As far as Indian businesses are concerned, we are competitive, confident and looking to engage with the world, said Panda. I think what FTAs need to ensure is that they provide a level playing field and are rules-based. It's all about give and take. Clearly, both governments are engaged in intense discussions and 10 rounds have been completed, so I would look at it f

Need to upgrade brokers' skills for better real estate services: FICCI-JLL

Industry body FICCI and real estate consultant JLL India have pitched for formal training and certification courses for property brokers to upgrade their skills, enabling them to help clients in taking informed decisions. FICCI and JLL India have jointly come out with a white paper titled '(Re)Shaping Real Estate Professionals', which highlighted that the real estate agent registration grew from 33,270 in January 2019, to 71,514 in January 2023, across the country under the Real Estate (Development and Regulations) Act, 2016, known as RERA law. A delegation led by Vineet Nanda, Chairman - Regional Urban Infra Committee, FICCI, recently presented the white paper to Arun Kumar Gupta, ACS, Town & Country Planning, Haryana, according to a statement. Nanda, Director Sales & Marketing of realty firm Krisumi Corporation, briefed Gupta about the education programme available currently to skill brokers, also called as channel partners. "Presently, despite the RERA, only 30 per cent of .

MPC meeting: Continued pause on policy rate to push growth, says industry

The MPC voted 5 members to 1 to remain focused on the withdrawal of accommodation

India to have 87% EVs by 2047 with policy boost: FICCI-YES Bank report

For cost alleviation and investment drive, the report suggests demand incentives till significant xEV penetration and emissions-based taxation, while also creating credit pathways for financing xEVs

Need to correct compliance burdens for business, reduce litigations: Kamath

Veteran banker K V Kamath on Friday said there is a need to correct "compliance burdens" for businesses in the country and also reduce litigations. Kamath, who now chairs the government-promoted National Bank for Financing Infrastructure and Development (NaBFID), said that the government needs to reduce the litigation and concerns on tax laws at a greater speed. "...the level of compliances and compliance burden that needs to be corrected," he said addressing an event organised by industry body Ficci here. He later elaborated that the government itself has identified issues on the compliances front when it spoke about simplification of various procedures for businesses. When asked if it is impacting investor confidence, Kamath replied in negative, reasoning that the investor class will come wherever it sees value. Kamath said the foreign direct investment (FDI) flows have been impacted by the overall global sentiment where volatilities are leading to a deferment of decisions, and

Top Headlines: Govt asks P&W to supply engines, stricter Sebi norms & more

Catch live updates from across the globe here

Indians will spend more on online gaming than on films by 2025: EY-Ficci

Sector is growing at twice the pace of filmed entertainment, study shows

Man of priorities: Ficci, family biz and food, Panda has his focus clear

Lunch with BS: Meet Subhrakant Panda, Ficci president

Govt should work to simply visa process, safety concerns of tourists: Ficci

The government should work on simplifying the visa process by making it more user-friendly and address safety concerns of tourists coming to India to unlock the full potential of inbound tourism, a report said. The report by Nangia Andersen in association with FICCI said inbound tourism to India is expected to grow at a compounded annual growth rate of 12 per cent from 2022 to 2027, driven by rising disposable incomes, growth of the middle class, and increasing awareness of India as a tourist destination. Despite the challenges posed by the pandemic, India received 6.2 million foreign tourists in 2022, with a growth rate of 307.9 per cent as compared to 1.52 million in 2021. Moreover, the travel and tourism sector contributed 9.2 per cent to India's GDP in 2022, and generated 44.6 million jobs. "The future of inbound tourism in India looks promising, provided that the country continues to make efforts on multiple fronts to fully unlock the potential," the report 'Inbound Tourism in

TN needs strategic interventions to attain $1 trn economy by 2030: FICCI

Structured strategic interventions in key focus areas would enable Tamil Nadu to reach its vision of becoming a USD 1 trillion economy by 2030, a study undertaken by industry body FICCI said on Saturday. Tamil Nadu Chief Minister M K Stalin unveiled the report -- "Towards one trillion: Accelerating Tamil Nadu's progress to become a trillion-dollar economy" prepared by the Federation of Indian Chambers of Commerce and Industry here. Accordingly, the state has to focus on some of the key areas under - 'Made in TN', 'Brand TN' and 'Led by TN" in various sectors including manufacturing, automobile, food processing, aerospace and defence, textiles, information technology, among many others. The three strategic areas would enable the state to leverage its current strengths that would harness the competitive advantages to effectively grow its economy, the report said. Tamil Nadu has immense untapped potential in the electric vehicle (EV) space and the focus needed today is to establish an

Cyber security, accidents among top threats for industry: Ficci report

A seminar on 'New Age Risks' was organised by Ficci to discuss and debate the trend of traditional risk parameters and emerging risks that may impact the industry

Sitharaman participates in roundtable on 'Investing in the India Decade'

Finance Minister Nirmala Sitharaman on Tuesday (local time) participated in a roundtable on "Investing in the India Decade" organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) and US-India Strategic Partnership Forum (USISP) on the sidelines of the Spring Meetings of the IMF and World Bank.During the roundtable, FM Sitharaman underlined the reality of a global acknowledgement of "New India" and the renewed role India is poised to play in the global economic order, besides India as an investment destination going forward into "Amrit Kaal," said the Ministry of Finance.She emphasised that despite the reality of resetting across the globe and the challenges posed by the COVID-19 Pandemic, India's reform momentum remains unabated.Ambassador of India to the US, Taranjit Singh Sandhu also participated in the roundtable."Investing in the India decade! Pleasure to participate with Finance Minister @nsitharaman for an Executive Roundtable with @USISPF & ..

Investment banker Sudha Shivkumar is now president of Ficci women's wing

As 40th President of FLO, she will focus on empowering women by facilitating an enabling environment that promotes entrepreneurship, industry participation and economic development of women

Four in every five early-stage start-ups in India want to hire more in 2023

15.79 per cent of these start-ups want to keep their headcount unchanged: FICCI - Randstad Start-up Hiring Trends Survey

Office space leasing may fall 25-30% this year in top 6 cities: Report

Leasing of office space across six major cities may fall by 25-30 per cent this calendar year to 35-38 million square feet on subdued demand, according to Colliers India and FICCI. Property consultant Colliers India and industry body FICCI released a report 'Emerging Trends and Opportunities in Office Sector - 2023'. Gross office space leasing rose to 50.3 million square feet in 2022 across six cities from 32.9 million square feet in the previous year on better demand. These six cities are Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune. The report said that in an optimistic scenario, India's office sector is likely to see about 35-38 million square feet of gross leasing in 2023. The consultant expects that the economic headwinds would ease and not cause a significant dent to overall occupiers' confidence. It expects a significant increase in leasing in the latter half of this year with corporates likely to close leasing decisions that were put on hold temporarily. On

Urban centres to double in 25 years, helping real estate: Civil servant

With increasing urbanisation from 12 to 30 per cent, the next 20 years could see more development than in the last 50 years

India's manufacturing growth to continue in Q4, says Ficci survey

The responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 10 trillion