Key Initiatives / Information
High Current Account Deficit has arisen due to expanding fuel and gold imports. To improve the situation, fiscal consolidation and wide-ranging reforms for greater competitiveness are required.This column by Mr Chandrajit Banerjee, Director General, CII, appeared in the Hindustan Times on April 8, 2013.
CII had a productive visit to USA as part of its annual CEOs mission series. This coincided with the India US Strategic Dialogue. The article points out that high potential exists across sectors in India-US economic partnership and that business plays an important role in revitalising the relationship. This article by Mr Chandrajit Banerjee, Director General (CII) was published in the Hindustan Times on 11 July, 2012.
A document on host Govt Policies for acquisition of land / resources in major countries in Latin America and Caribbean this is developed for the benefit of Indian companies / business entities interested in doing business with the Latin America and Caribbean region.
This booklet is an endeavour to provide preliminary information to its users about host government policy on acquisition of land, availability of agriculture land, major mineral resources and ideal location for setting up industry / business centers in major countries of Latin America. The concerned Indian Missions have extended valuable cooperation and material for compilation of this information.
Overseas Indians are valuable members of the communities in which they reside, and by their hard work have brought high brand equity to India. While individuals have achieved outstanding positions of eminence in all walks of life, ordinary overseas Indians too have contributed significantly to nation-building in their adopted homelands.
According to Chandrajit Banerjee, Director General of the Confederation of Indian Industry, with each passing year the importance of the PBD as a forum has increased. Indeed, the PBD provides a platform where people of Indian origin not only try to know more about India but also what the Indian community is doing in their own country. “By participating in the PBD, delegates get first-hand knowledge about India’s economy and the opportunities available here,” said Mr Banerjee. Further, Mr Banerjee also stated that for the first time, the Jaipur PBD 2012 brought together a large number of persons who wanted to know how Rajasthan has become a big hub for solar energy.
Overseas Indians contribute to the Indian economy in many different ways. India receives remittances worth $50 billion annually, the highest in the world, which help Indian communities. Overseas Indians also assist Indian companies in their businesses outside India and are often managing Indian operations of multinational companies. However, they can leverage India's rapid growth by making more investments in India.
The year has seen committed initiatives by the Government towards economic liberalisation. Key policies such as the National Manufacturing Policy and Strategy for Doubling Exports have been announced. Several bills are undergoing the Parliamentary process. For the coming year, industry hopes for more steps to restore business confidence and investments.
The article appeared in “The Financial Express” dated 31 December 2011.
NEW DELHI – Starting December 1, the U.S. Consulate General in Chennai will be the U.S. Mission to India’s sole blanket L category visa acceptance and processing center ("blanket” L visas are issued to managers, executives, or specialized knowledge professionals transferring within their company). Companies throughout India will be requested to send blanket L applicants exclusively to Chennai for visa interviews. The L1B and L1A categories include specialized knowledge professionals, executives and managers transferring to the United States.
In an article featured on the “Opinion” page in the Business Standard dated 13 November 2011, Mr Chandrajit Banerjee, Director General, CII, highlights the immense potential for intra-SAARC trade.
Economic cooperation is an acknowledged tool for regional prosperity. However, intra-regional trade in the region, notes the author, which has one-fifth of the world’s population, and is home to two-fifths of the world’s poor, has stagnated at around 5 per cent of total trade, compared to over 50 per cent in East Asia and around 20 per cent in Latin America, and even lower than Sub-Saharan Africa!
As we have reported in the past, GSP extension was approved by the U.S. Congress last week. It is effective from 1st January, 2011 to 31st July, 2013. It will come into effect 15 days after the U.S. President signs it into law. We understand that the President is expected to sign the GSP extension later this week.
Confederation of Indian Industry (CII) and United States-India Educational Foundation (USIEF) announce the Fulbright-Nehru-CII Fellowships for Leadership in Management Program for the academic year 2012-2013. Indian business managers, whose employers would be willing to bear 50% (US$ 18,400) of the total cost (US$ 36,800), may compete to attend this specially designed management program at the Carnegie Mellon University’s Tepper School of Business in Pittsburgh from May 23 to July 31, 2012. Aimed to broaden overall perspectives and to strengthen strategic, functional and leadership skills in global business, this program combines classes with group work, industry visits, and networking.
Complete announcement matter and application materials are available at USIEF website www.usief.org.in.
November 15, 2011 is the application deadline.
CII News Update
Mr Anand Sharma, Minister for Commerce, Industry and Textiles, India, addressing the “India Investment Roundtable” jointly organized by the Department of Industrial Policy and Promotion (DIPP) of Ministry of Commerce and Confederation of Indian Industry in Tokyo today invited leading Japanese comp.....
Confederation of Indian Industry (CII) has called for a balanced outcome from the ongoing EU-India Bilateral Trade and Investment Agreement (BTIA) negotiations. In its interaction with the visiting Members of the European Parliament, CII re-iterated its support for an early conclusion to the BTIA b.....
“India - ASEAN trade in goods has been robust, growing to $80 billion in 2011-12, doubling since 2007-08 despite the global economic crisis”, Mrs. Preneet Kaur, Minister of State for External Affairs said while addressing the conference on "India-ASEAN Project Partnership" at New Delhi organised b.....
CII welcomes and applauds the renewed efforts by the US Congress to find a bipartisan solution to the critical issue of immigration reform. CII is however concerned about certain details in the bill put forward by the Senate Gang of Eight yesterday. It is of the opinion that the provisions on H1B v.....
Welcoming the announcement and complimenting the government, Mr. S Gopalakrishnan, President, CII, said that “This announcement is the right step at right time as it could revive investors’ confidence in SEZs” Besides, he applauded initiatives such as widening of interest subvention scheme, zero du.....
The Annual General Meeting and National Conference of Confederation of Indian Industry (CII) will be held on 3rd and 4th April 2013 at New Delhi.
The two-day event would have a galaxy of speakers deliberating on a range of issues that are of importance to India and Indian Industry at the presen.....
Indian business should engage with Africa for the long haul and not be misguided by what appears at the surface. Stating this in his address at the Valedictory Session of the 9th CII-EXIM Bank Conclave on India-Africa Project Partnership held in New Delhi, Mr S R Rao, Commerce Secretary, Government.....