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CII Industry Voice
 
Anguished at the passing away of Dr Jamshed J Irani. A giant in the firmament of industry, he shaped its trajectory over the decades at a time when India was undertaking its economic reforms process. With his committed initiatives for inclusive and sustainable growth, he set an example for corporate engagement in social and community work. I shall deeply miss his guidance and sage advice, as will my colleagues in CII and the larger Indian Industry. He remains in our heart as a guide and mentor.  
Mr Sanjiv BajajPresident, CII, 2022-23

Launch of the Fifth-Generation telecom services in India by Hon’ble Prime Minister Shri Narendra Modi will help India achieve the next phase of digital transformation for our country. The Nation is relying heavily on 5G to be a game-changer in enabling new use cases and improving efficiency across every industry. With this launch, we are moving towards an inclusive digital transformation ensuring that digital technologies are universally available, accessible, and adoptable, enabling meaningful and safe use of the Internet and digital services for all.
Mr Sanjiv BajajPresident, CII, 2022-23

Sustained policy reforms are imperative to help the country leverage its extraordinary capability and emerge as a USD 40 trillion economy, as India turns 100. Within a conducive environment, I have no doubt that the Indian industry will fulfil its responsibility and chart a bright future for the nation.  
Mr. Sanjiv BajajPresident, CII

“Ease of doing business has been taken up in mission mode by the Government and is yielding positive outcomes across multiple parameters. I congratulate the Government for taking a holistic approach to resolving administrative approvals and processes across the board,” said Mr Sanjiv Bajaj, President, Confederation of Indian Industry (CII). “Measures such as the National Single Window System, land bank, and use of digital processes in a time-bound manner with deemed approvals have contributed to faster speed and timely response from the Government. We are confident that going forward, more processes will be added on the single window and self certification and third party certifications will be rolled out. Industry appreciates the Government's consultative and responsive approach to ease of doing business,” he added.
Mr Sanjiv BajajPresident, CII 2022-23

We have just seen a truly historic WTO deal. India played a constructive leadership role which yielded positive outcomes on TRIPs waiver for COVID vaccine manufacturing, disciplining fisheries subsidies to check illegal and unregulated fishing and decision to work towards finding a permanent solution to public stockholding for food security by next Ministerial. CII congratulates the Hon’ble PM and Commerce Minister and his team for this achievement.  
Mr Sanjiv BajajPresident, CII 2022-23

Manufacturing and services will be the twin engines of growth. The enabling policies of the government particularly the PLI scheme, are expected to push manufacturing sector’s contribution in GVA to 27% by FY48. Similarly, Services, too, will witness its share rise from 53% to 55% in the terminal year. The contribution of exports to GDP must rise while the investment rate must be stepped up. Both government and industry must be equal partners in achieving this.
Mr Sanjiv BajajPresident, CII 2022-23

Global headwinds and inflation will have to be countered with robust policy reforms, both domestic and external sector reforms, to unlock the growth potential of the Indian economy. Tailwinds that are supportive of growth in the short-term include government capex, private sector investment which is showing an uptick aided by strong demand in some sectors and the PLI push in the others, good agriculture season on the back of the expectations of a good monsoon and positive export momentum.
Mr Sanjiv BajajPresident, CII 2022-23

India has the potential to become a US$ 40 trillion economy by the time it turns 100, in 2047, with milestones at US$5 trillion by 2026-27 and US$9 trillion by 2030-31.
Mr Sanjiv BajajPresident, CII 2022-23

CII expects the GDP growth in a range of 7.4-8.2% in 2022-23, with the outlook critically hinging on the trajectory of global crude oil prices.
Mr Sanjiv BajajPresident, CII 2022-23

Speaking on Prime Minister Modi's interaction with Chief Ministers on management of the Covid pandemic, Mr T V Narendran, President, CII said, "Hon’ble Prime Minister's strong emphasis on maintaining the momentum of the economy with all due measures to tackle the pandemic is most relevant to minimise damage to livelihoods. He has urged state governments to take local containment measures while considering economic restrictions which is very much in line with CII recommendations. In a recent letter to Chief Ministers, CII had suggested a containment strategy based on micro zones, as small areas demarcated by district administrations, such as mohallas, neighbourhoods, villages, talukas, etc. to monitor and manage the outbreak. By exhorting Chief Ministers to focus on local containment, economic activities will remain protected and jobs will be preserved. CII will continue to stand shoulder to shoulder with the Central and State Governments to battle the pandemic, build healthcare infrastructure and ensure vaccination." 
Mr T V NarendranPresident, CII 2021-22

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