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Easing norms for MSMEs in IBC to speedy up resolution: Rashesh Shah

According to FICCI President, while keeping errant promoters out of the bidding process for their companies is critical, it is also equally important to give a fair chance to the genuine promotersRead more

Government to improve working and living conditions of unorganised workforce

Minister of State for Labour and Employment (Independent Charge), Santosh Kumar Gangwar, said recently that the government was working on a policy to improve the working and living conditions of the 400 million labour force in the unorganised sector.Read more

Foreign companies must invest in India's growing Technical Textile: Anant Kumar Singh

Secretary, Ministry of Textiles, Anant Kumar Singh said that the current Indian Technical Textile sector has to develop a lot and this can be done only by more and more Indian and foreign companies investing in this sector.Read more

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

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