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Innovation is essential to reduce production cost

Santosh Mandlecha, President of Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA) – which play a significant role in accelerating the industrial and economic development in the state, Cotton Monopoly Purchase SystemRead more

Industry Chambers must become a two-way channel between industry and government: FICCI President Rashesh Shah

FICCI President Rashesh Shah said recently at a National Executive Committee meeting held in Chennai, that, Industry Chambers' role must change now from just a one-way channel for facilitating the industry's needs through government to also ensuring that the government and people's expectations and needs are also translated into reality.Read more

Make’ to ‘Design’ in India: An emerging paradigm

As the world recognises the true potential of India in engineering and manufacturing acumen, many products across industries will soon bear the note saying ‘Designed and Manufactured in India’, says Vikas Khanvelkar.Read more

Government announces creation of a dedicated defence and aerospace SME fund

Secretary, Department of Defence Production, MoD, Dr. Ajay Kumar announced recently the creation of a dedicated defence and aerospace SME fund, registered with SEBI where minority stake could be taken by investors.Read more

Inefficient logistics impacting competitiveness of Indian products

Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more

GST had a positive impact on the businesses' logistics, observed FICCI

FICCI conducted a survey of enterprises post the implementation of GST in the months of November 2017 to January 2018 to have a reality check of various issues being faced by the industry with the transition to GST regime. Both MSME and large corporates have participated in the survey and shared their first-hand experiences with GST implementation in the first six months since its implementation.Read more

New MSME classification to create a level playing field: FICCI

FICCI has welcomed the Central Government's decision to change the criteria of classification of micro, small and medium enterprises (MSMEs) from ‘Investment in plant & machinery and equipment’ to ‘annual turnover’.Read more

Indian packaging sector: Packed to perfection

Driven by the recovering economy and falling inflation rate, which enables consumers to buy more products, packaging has been registering a positive volume performance in India in the last couple of years. Nonetheless, Indian consumers are considered to be price-conscious and continue to seek value for money. This has led to rising demand for bulk packs.Read more

Dow India awarded the FICCI Innovator of the Year Award 2017

At the recently concluded FICCI India Chem Awards, Dow India emerged as the product innovator of the year in the chemical industry for its high performing innovation – 'DOW FILMTEC™ FORTILIFE™'. The award is the highest accolade given in the chemical sector category.Read more

Korea to partner Maharashtra for smart cities & villages, SMEs & start-up hubs

Maharashtra State Industries Minister Mr Subhash Desai and KOTRA Vice-President Mr Kim Doo Young inaugurated Korean Expo 2016 at the Bombay Exhibition Centre. Korea is amongst the Top 6 (it was Top 7 in 2015) import sources for India during January-September 2016 with India importing a total of US$ 8.9 billion (-8.7%) as compared to US$ 9.8 billion in 2015 (Jan-Sep).Read more

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