Industry Voices
 
As Industry we must focus on the districts which are not moving up in the value chain in providing access and equal opportunities in terms of health, nutrition, education, potable water, basic infrastructure. Both government and Industry need to work together to present demonstrative development initiatives to the country. The community also needs to take charge of their lives, with the need to have an integrated approach including this aspect in the school and college curriculums.
Mr. Rakesh Bharti MittalPresident, CII 2018 - 19

India’s economic environment has begun to improve due to the introduction of major reforms such as GST, Insolvency and Bankruptcy Code, fixed term employment and so on. Industry must respond positively and undertake investments to sustain the recovery. 
Mr. Rakesh Bharti MittalPresident, CII 2018 - 19

India has been a strong votary of a WTO and multilateral trading system. Indian Industry too has always supported and championed the cause of multilateral trading system. Indian Industry strongly favors an early conclusion of Doha Round without diluting its core developmental spirit. While two new areas – E-commerce and Investment facilitation are being discussed at the WTO, a lot more needs to be done in terms of understanding the scope of these proposals and its impact. Care must be taken according to her to preserve domestic policy space.
Ms Shobana KamineniPresident CII, 2017 - 18

Government, regulators and industry must act fast to address systemic risks in the financial sector. The three key solutions for the banking sector are better management and operational efficiencies, use of technology such as blockchain and big data analytics, and lowering Government shareholding in public sector banks. Such financial malfeasance perpetrated by a collusion of unethical business entities and corrupt officials should not lead to a situation where funds to industry get choked. It is time for the Government to consider consolidation of PSBs and develop a few strong banks adhering to best standards in governance, accountability and transparency. The regulator must institute supervision systems aligned with the changing dimensions of banking and technology to deter misconduct by individual players. 
Ms Shobana KamineniPresident CII, 2017 - 18

The Budget provides impetus to the sectors of agriculture and rural economy with many significant measures which will add to overall consumption and demand and boost growth. The support to MSME sector through lowering of corporate tax rate to 25%, increase in access to finance, and addressing non-performing assets would help alleviate the stress in the sector. As in previous Budgets, the Finance Minister has introduced some innovative steps which will add comfort to citizens and strengthen key growth drivers.   
Ms Shobana KamineniPresident CII, 2017 - 18

CII is of the firm belief that the current blip in growth rates is temporary and we are confident of a strong recovery by fiscal year end as industry gets over the teething problems of GST and other positive measures take effect. New investments will also start early next year as capacities fill up.
Ms Shobana KamineniPresident CII, 2017 - 18

ASEAN countries with India can yield numerous benefits. For example, larger markets can bring about economies of scale in production and enhance competitiveness. Integration of markets can facilitate the movement of production networks and attract more foreign direct investment along with the benefits of knowledge and technology transfer and opportunities to connect to regional and global supply chains.
Ms Shobana KamineniPresident CII, 2017 - 18

Construction industry remains  the fundamental strength of the economy with important multiplier impact. Under the Make in India matrix, construction machinery as a key component of the capital goods sector contributes to India’s manufacturing prowess and is set to witness strong expansion. 
Ms Shobana KamineniPresident CII, 2017 - 18

Hon’ble Prime Minister Shri Narendra Modi has carried out a carefully strategized ministerial reshuffle, aimed at imparting fresh impetus to India’s development process. The elevation of new Cabinet ministers and induction of new ministers with independent charge in crucial infrastructure sectors is designed towards implementation and achievement of key targets. Overall, the direction of the reshuffle inspires confidence that the path of reforms, ease of doing business and timely implementation will continue to be top priority. This is vital at time when the GDP growth has been flagging. 
Ms Shobana KamineniPresident, CII

The Prime Minister has outlined a vision of a secure, prosperous and capable nation by 2022, driven by the collective power of 125 crore citizens of India. CII's India@75 campaign launched in 2008 is in line with Prime Minister's objectives and emphasizes crowd-sourcing of ideas and spread of volunteerism to build a developed India. Indian industry pledges to continue our partnership for a New India as we complete 75 years as a free nation.   The Government has taken multiple steps to address corruption and black money which are delivering notable results. CII believes that reforms such as GST and ease of doing business will further contribute to formalisation of the economy and widening the tax net, and we look forward to a more transparent and efficient economy by 2022. 
Ms Shobana KamineniPresident CII 2017-18

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