Key Initiatives / Information
Industry associations need to promote ethical best practices. CII's Code of Business Ethics 'breaks the ice', says columnist Professor Nirvikar Singh in The Financial Express column 'Corporate Virtue in India' on 28 Dec 2012.
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.
First communication from the CII President to all members after assuming the office of CII, President.
To Acquire a Reputed forging comapny in the Automotive Industry located in the mossele department of France-Europe.
The travails of the global economy appear to be still not behind us, despite gradual recovery during 2010 from the worst global
economic conditions since World War II. Continued fiscal and debt burdens vitiate the recovery process, imparting a degree of
fragility and uncertainty to global economic conditions. The world needs a new source of growth and stability, and India, a
rapidly growing economy with strong internal demand, offers a new opportunity.
India remained relatively untrammeled by the developments in the Eurozone and reverted to close to 9% GDP growth rates in
2010. Growth was broad-based across all sectors, including agriculture, manufacturing and services. Public commitment to
calibrated exit from expansionary fiscal policy and continued corporate and household confidence have helped sustain a
virtuous growth cycle. The resurgence of the rural economy and intensified infrastructure mission further strengthened the
foundations for medium-term growth propensities.
95 years ago, as India struggled to develop its own identity, a small unassuming man
disembarked from a ship sailing from South Africa. Word about his successes in South Africa had already spread in India, and there were many at hand to welcome him home. But none could have foreseen that the fortunes of India would depend on this person. Mahatma Gandhi had arrived.
For greater understanding and appreciation of competition regime in the country, please click on the link above to access the advocacy booklets of the Competition Commission of India
CII as a forum for business leaders always shares perspectives on global opportunities across the world with our members. We are working closely with the Embassy of Poland in New Delhi and Indian Embassy in Warsaw to further strengthen business relations between our two countries. We are pleased to disseminate the Polish privatisation programme for 2010.
Mr Aleksander Grad, Minister of Treasury, Government of Poland has announced a programme of privatization projects conducted by his Ministry.
The privatization plan covers companies from Power; Chemical; Coalmining; Petroleum sectors and Finance among others. Our members can obtain more details at www.msp.gov.pl/portal/en or by contacting Investor Relations Centre directly (firstname.lastname@example.org; +48 22 695 9001; +48 22 695 90 02) or through Embassy of the Republic of Poland in New Delhi.
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.....
“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.....
The Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, today launched the India Backbone Implementation Network (IBIN). The purpose of IBIN is to improve implementation of policies, programs, and projects, which the 12th Five Year Plan has located as the critical necessity for a.....
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.....
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.....
India is firmly committed to Africa’s socio-economic, technological and human resources development and partners the African governments in a consultative, participative and responsive manner based on Africa’s own assessment of their needs. Stating this in her address at the Inaugural Session of th.....