Key Initiatives / Information
The law for land acquisition must be fair and balanced towards all interests, and should promote competitiveness of the Indian economy. This column by Mr Chandrajit Banerjee, Director General, CII offers some solutions from the industry perspective. The article was published in the Indian Express on 27 April, 2013.
CII President Mr Adi Godrej talks about the unfinished reform agenda and the need to revive savings and investments in this column in the Hindu Business Line on 11 March, 2013.
The India-ASEAN Car Rally highlights the evolving partnership potential of the two sides. Indian industry must take advantage of the regional FTAs for cooperation in manufacturing, services, and infrastructure. This column by Mr Adi B Godrej, President, CII, appeared in the Times of India on 24 December 2012.
Presentations Of the CII National Conference on Emerging Opportunities for the Capital Goods Industry 26th November 2012, Hotel Lalit, New Delhi.
The bill on land acquisition and resettlement and rehabilitation is welcome. It must enable government to acquire land for development, balance compensation for affected families with costs, and look into land zoning. This column by Mr Adi Godrej, President, CII, appeared in the Economic Times on 27 November 2012.
A body such as the National Investment Board is an absolute necessity if India is to rapidly scale up its infrastructure. CII has estimated that fast-tracking of some 50 large projects could unlock demand for as many as 100 industry sectors up and down the value chain. This article by Mr Chandrajit Banerjee, Director General, CII, appeared in the Hindu Business Line on 13 October 2012 as part of a debate.
Mr Chandrajit Banerjee, Director General, CII, makes the case for a National Investment Board to fast-track large projects for clearances, implementation and monitoring in this article which appeared as part of a debate in the Economic Times on 3 October 2012.
Developers and buyers are two sides of the same coin. However, in the Indian markets, for various reasons pertaining to lack of regulation, structured market practices, mandatory statistical back-up etc, the positions have very often not been symbiotic. However, the consumer gets the real estate products because of the developer and vice-versa. So what can CII Real estate, an industry body do to bridge this gap? We thought deeply and decided that mandatory or otherwise, the first step towards bridging this gap was to make more information available to consumers to serve as a guide during the most important and probably the most expensive buy of your life. This document is a step in this direction. Read this document that is backed by real-time information gathered by our members from different segments of the real estate space. These are online annexures that add depth to the printed document you have received. We would welcome feedback and queries. These would be answered by our industry experts to the best of our abilities. Together we can make a difference.
The article dwells upon the immediate steps to get growth back include further reduction in interest rates by 100 bps, deregulating oil prices, progress on disinvestment, fast-tracking major infra projects, and encouraging FDI. Tax reforms will also boost growth in the medium term. This article by Mr Chandrajit Banerjee, Director General (CII) was published in The Hindu on 30 April, 2012.
West Bengal, historically at the forefront of India’s industrial growth and social change, enjoys major benefits of outstanding natural and human resources. With a strong industrial base, it can transform into a manufacturing and employment-generating hub of eastern India and emerge as a central player in India’s vibrant growth story, given the right investment climate and proactive policies. This article by Mr Chandrajit Banerjee, Director General (CII) was published in The Times of India, Kolkata on 4 April, 2012.
Just as the government is making efforts at enhancing revenue collection, there must be measures to control expenses. Subsidies must be controlled, and an empowered body created to monitor expenditure. Measures aimed at revival in growth and moderation in inflation must be strengthened. This article by Mr Chandrajit Banerjee, Director General (CII) was published in the Guest Column of The Economic Times on Friday, 23 March, 2012.
The Budget is pragmatic and addresses key supply bottlenecks. Agriculture, social sector and infrastructure expenditure has been increased which will boost the economy.
Raising excise duties to pre-stimulus levels would adversely impact demand, inflation and investor plans. The Budget should desist from increasing excise from present 10% to 12%, especially since GST would be ready by next year.
Opinion piece in Times of India of 2 March 2012 by the Director General, CII. It stresses that fiscal deficit and private corporate investments, growth drivers for the economy, need to be critically addressed in the forthcoming Budget.
The fiscal deficit has limited the government's ability to rev up a slowing economy. Hence, the Budget should focus on encouraging private participation in key sectors, such as infrastructure, education and healthcare. This article by Mr Chandrajit Banerjee, Director General (CII) was published in The Hindu Business Line on 1 March, 2012.