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Industry Voices
 
The announcements by the Hon’ble Prime Minister today are welcome moves in the critical task of ensuring quick rollout of vaccines. Centralisation of procurement will ensure uniformity of procurement prices and create bandwidth among states to manage inoculation of their adult populations. This would also ensure an equitable allocation of vaccines in states and was a key ask of CII too. Making the vaccines available for all the eligible population free of cost will go a long way in protecting the citizens and resuming normal economic activities at the earliest.
Mr. T V NarendranPresident, CII (2021-22)

Given the current pandemic situation, safeguarding lives is of utmost priority and nationwide maximal response measure at the highest level is called for to cut the transmission links. The healthcare infrastructure and supply build-up are being undertaken on emergency basis by the governments at the centre and states, but will take time. At this critical juncture when toll of lives is rising, CII urges the strongest national steps including curtailing economic activity to reduce suffering. Healthcare and frontline workers are giving their best efforts to tackle the influx of patients, but it may not be possible to manage escalating caseloads with the present medical talent availability. We must heed expert advice on this subject – from India and abroad. Highest response measures are needed to break the chain of contagion and also use the time to rapidly build up capacity.   
Mr Uday KotakPresident, CII, 2020 - 21

At this juncture, CII calls for quick action to be taken by the Government on ‘whatever it takes’ to ramp up production, supply and distribution of vaccines. Strict following and enforcement of safety and hygiene protocols by all sections of society is absolutely critical. CII has committed itself to working strongly with Government and industry to arrest the second phase of Covid. CII would continue to regularly interact with industry members and community at large with key messages to combat the coronavirus situation.
Mr Uday KotakPresident CII, 2020 - 21

Delivering on her promise of unveiling a ‘Budget Like No Other’, the Finance Minister announced a raft of prudent measures aimed at rejuvenating government spending towards critical areas of increasing allocation on infrastructure expansion, education, housing and health as India rolls out a vaccine drive to inoculate 1.3 billion people. Laying down the vision for providing further fillip to the government’s flagship Atmanirbhar Bharat Programme by spelling out the measures under the critical six pillars, the Budget ticked all the right boxes which would strengthen the path of recovery of the economy. This is a budget catering to all aspects of lives, livelihoods and growth.
Mr Uday KotakPresident CII, 2020 - 21

The new PLI policy is transformational and timely and will facilitate India becoming a global manufacturing hub. The policy is strategically targeted and will go a long way to boost production, make Indian goods competitive and expand exports as part of global value chains. It identifies the right sectors and products across core industries, labour-intensive manufacturing, and export-oriented sectors as well as advanced technology products. A futuristic and progressive policy, the PLI scheme stands to ensure that India reaches the top echelons of global manufacturing nations and would help in driving an Aatmanirbhar Bharat. CII compliments Hon’ble Prime Minister Modi and his Government on this strategic decision which sets a new era for Make in India.
Mr Uday KotakPresident CII, 2020 - 21

Growth is a necessity that should lead to creation of more jobs while CII works as a knowledge partner with the Government for building self-reliant and competitive India that is deeply engaged with the World. We are in uncharted territories and are grappling to find new ways to brave the changes. But we are confident of the resilience of Indian industry and its innovative skills to beat every such challenge.
Mr Uday KotakPresident CII, 2020 - 21

Industry is highly enthused by the shape of the first phase stimulus package announced by Hon’ble Finance Minister for mitigating the economic costs of the COVID-19 crisis. The sectors covered in the initial phase are clearly the ones that required the highest policy attention at this juncture, including MSME, power, and construction and real estate. The impact of the package totaling Rs 20 lakh crore to be unveiled in the next few days would add to spending power and bring relief to millions of enterprises that employ huge numbers of workers. We expect the stimulus measure to impart stability and growth to the economy. The prudent and well-calibrated set of measures announced today are expected to be supplemented by more such measures in the days to come which will help stabilize the economy to some extent. CII looks forward to the forthcoming packages
Mr Vikram S. KirloskarPresident, CII, 2019 - 20

All of us are facing a tough challenge. Overall, things are not looking good. All industrial segments are suffering. Small-scale industries are under severe pressure. Large industries can’t run without ancillary companies and supply chain support. Stock markets are down globally. The rupee is under attack.  The good news is that, the Indian government has been handling the issue very sensibly, right from the beginning, compared with other affected geographies. Some say India is the safest place today. None of us should panic, rather, we should strictly adhere to advisories, stay calm, move around responsibly, work hard to contain and fight COVID-19, is the message CII wants to give out to all individuals, small entrepreneurs and large corporates in this country. 
Mr Vikram S. KirloskarPresident, CII, 2019 - 20

Let us work together as business and responsible members of the community to tackle this unexpected and immense challenge and ensure that our nation does not suffer unduly as a result of the Coronavirus. 
Mr Vikram S. KirloskarPresident, CII, 2019 - 20

On the manufacturing front the government’s approach of focussing on developing specific sectors with potential is a welcome move. We hope to see more of this approach in the coming times, as also recommended by the Economic Survey. The proposed national logistics policy and boost to electricity generation by extending the 15% corporate tax option to the sector, will support the manufacturing initiatives. On the external front, reviewing Rules of Origin under various FTAs will address the issue of Indian Industry getting impacted due to imports getting routed FTA countries. 
Mr Vikram S. KirloskarPresident, CII, 2019 - 20

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