Page 4 - Industry

Madhya Pradesh's tribal-dominated districts to get organic certificate soon

Forest Minister Nagar Singh Chauhan has directed officials concerned to complete all formalities for same. This certification would help tribal communities obtain better prices for their produce

India's FMCG market grew in Q3 FY24 on higher consumption: Report

Rural demand is on the recovery path, marked by a growing preference for larger packs: NielsenIQ

India's maiden critical minerals bid: Experts caution on ecological impact

During the launch of the auction process on November 29, Union Minister of Mines Pralhad Joshi said that the collective value of these 20 blocks was estimated to be $5.4 billion (Rs 45,000 crore)

Striking balance: CCI may tailor penalties for global corporations

The base penalty would be calculated on a company's relevant turnover, which is the turnover related to the product or service infringing on the law in the domestic market

Beyond the 'chameleon' strategy

Drawing on his four decades of experience across sectors, Harit Nagpal's book offers actionable nuggets for anyone who worries about becoming obsolete as things change and they struggle to keep pace

Amusement industry growing at 15%, to reach Rs 25,000 cr mark soon: Experts

The amusement industry is growing at 15 per cent and is likely to reach the Rs 25,000 crore mark by 2030 or even before that in the country, say industry officials. Industry experts said that the sector holds huge potential for job creation and offers investment opportunities in religious and mythological theme-based parks with the help of technological innovation, laser shows and others. Speaking at a panel discussion on the growth of tourism, amusement, food, travel, Indian Association of Amusement Parks and Industries (IAAPI) chairman Shrikant Goenka said that the amusement industry is growing at the rate of 15 per cent, and there are huge employment opportunities. There are immense investment opportunities to create more theme-based stories, mythological and religious theme parks with the help of technological innovation, laser shows, videos etc. at various religious circuits which are being developed by the Centre and State tourism boards, Goenka said. "Our annual turnover sta

'Duty cut on mobile phone inputs to boost local production, boost exports'

Import duty cut on mobile phone components can increase domestic production of handsets by 28 per cent to USD 82 billion and boost export, crucial to support indigenous manufacturing, industry body ICEA said on Wednesday. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of mobile manufacturing growth has to come from exports as the production for the local market is close to saturation. He said India will need to enhance competitiveness in mobile manufacturing at the global level by matching the tariffs or reducing the cost of production with respect to countries like China and Vietnam, where import duty on most of the mobile components is nil or in a lower tax bracket. ICEA, whose members include Apple, Foxconn, Dixon, Vivo, Oppo, Xiaomi, and Lava etc, has projected that lowering duties on mobile inputs, as recommended by the industry, will enhance local production of mobile phones to USD 82 billion by 2026-27 compared and USD 64

Industry bodies eye access to the e-shram portal to fill talent gap

Industry has asked for access to the e-Shram database which will help us enable skilling and employability of the unorganised workforce in the country

TN global investors meet: Tata Electronics, JSW, TVS unveil mega plans

Hyundai, Pegatron, First Solar also queue up

India's growth story is going to be distinctive and unique: Rohit Jawa

At the 188th Foundation Day Celebration by the Bombay Chamber of Commerce & Industry, Jawa said in his keynote address that India's digital landscape is a key accelerator for growth

Election code impacts commercial vehicle sales in post-festival period

When asked about this, a company executive of a leading CV player said that the figures for only one month were down due to some stock correction happening at the retail end

ToysRus expects Indian market to be among the top 5 in next 4-5 years

Prior to the BIS norms, India heavily relied on imports from China for these toys

Govt working on 1st ever 'cost of regulation' study for states: DPIIT secy

DPIIT has created a dataset to let the States know how some of the areas may be affecting them in terms of their 'business-friendly reputation'

Tajpur port project: Adani awaits LoA, Bengal seeks clarity on MHA nod

West Bengal Industry Minister, Shashi Panja, said that there was a provisional letter of intent (LoI), which was given to APSEZ (Adani Ports and Special Economic Zone) last year

Festival gold rush widens India's trade deficit to new high in October

The services exports in October were valued at $28.70 billion as compared to $29.37 billion in September and imports were $14.32 billion against $14.91 billion in the previous month

Adityanath govt pitching for 'Make in UP' in the growing aviation sector

Leading Indian and foreign companies, including from the US, have shown interest in setting up their manufacturing and assembly units in UP

This season may see wedding business worth Rs 4.25 trillion in just 23 days

3.5 million weddings are expected to take place between November 23 to December 15, with a majority of people spending on average Rs 10 lakh per wedding, says a survey by traders body, Cait

Big Four accounting firms make $4 bn from India biz; expand into consulting

The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms

India can become first country to industrialise without carbonising: Kant

With ideal weather conditions, India can redefine its growth model to become the first country in the world to industrialise without carbonising, G20 Sherpa Amitabh Kant said on Thursday. Speaking at an event in the national capital, Kant also expressed confidence that the country, which has a young population, will grow at higher rates. According to him, the world is open to India and there is no reason why the country should not grow at higher rates. Highlighting the importance of going green, Kant said that otherwise countries will "neither be able to export to the markets and this is all going to happen before our eyes in the next 5 years." At the SHRM India Annual Conference 2023 here, he also said that India has ideal weather conditions and can go green to redefine its growth model "to become the first country in the world to industrialise without carbonising". During a discussion on his book 'Made in India: 75 Years of Business and Enterprise,' Kant said, India is the only

Indian auto sales surge 20% in September, despite slump in tractors

Positive market sentiment fuelled by favourable monsoon leads to growth in most categories, but high inventory levels raise concerns for dealers as festive season approaches, FADA data shows