Key Initiatives / Information
Criminal provisions in economic and business laws raise concerns amongst directors, young entrepreneurs as well as domestic & foreign investors, reducing ease of doing business.
"It is notable that the new tax platform places India among the forerunners in a facilitative tax payment system. This will add to its ranking in the ease of doing business and attract investors", commented Mr Chandrajit Banerjee, Director General, CII in his article published in The Times of India on 18 August 2020.
The faceless e-assessment system for income tax currently being piloted in India will eliminate the undesirable practices that emerge when there is scope for individual discretion and subjective judgement. This will put an end to any possible harassment of honest taxpayers. The transparency will also help bring about a substantial increase in the tax base, opines Mr Chandrajit Banerjee, Director General, CII in his article published in The Morning Standard on 6 August, 2020.
"For a self reliant, globally competitive India, the combination of facilitative reforms for ease of doing business and effective monitoring mechanisms for schemes and programmes that have been already implemented is the need of the hour", comments Mr Chandrajit Banerjee, Director General, CII in his article in the The New Indian Express 10 July 2020.
"Three years of GST have eased doing business in many ways, but return filing can be simplified and number of rates reduced", commented Mr Chandrajit Banerjee, Director General, CII in his article published in the Hindu BusinessLine, on 1 July 2020.
"FM’s announcements added up to a prudent combination of stimulus and reforms. The comprehensive and structured package reflects the five fundamental principles laid out by the PM; infrastructure, technology-driven, demography and demand that will make India an Atma Nirbhar or self-reliant nation", comments Mr Chandrajit Banerjee, Director General, CII. It was published in the Financial Express on 27 May 2020.
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Consulting / Advisory Services
CII’s International Department launched Market Facilitation Services (MFS) last year to offer targeted trade and investment facilitation services to Indian companies looking to expand business operations in global markets. A consultancy service, MFS is part of CII’s constant efforts to reorient activities to keep pace with changing paradigms in the global trade and investment ecosystem.
CII offers Feasibility Analysis and Reporting Services for MSMEs to enable MSMEs to prepare proposals for funding or Joint Ventures. This service is being provided using a Computer model for Feasibility Analysis and Reporting (COMFAR) software developed by UNDO. This software permits the user to simulate the short- and long-term financial and economic situation of investment projects. The software facilitates the analysis of industrial as well as non-industrial projects, whether new investments, rehabilitations, expansions, joint venture or privatization projects.
Over several decades, quality philosophy has evolved from “Inspecting the Quality into the Product” to “Right the first time” and building “Robust Products and Processes” which finally lead to a “Zero Defect” output. While various quality gurus propagated different approached, the key objectives of the programs remained quite similar. Lean Six Sigma is one of the philosophy which addresses some of the key requirements in today’s environment • Business Results and Breakthrough Improvements • Data Driven with Application of Right Tools • People Involvement and Capability Building • Structured Execution and Review Mechanism CII Institute of Quality focuses on customising the approach to the specific industry requirement and builds capability to ensure sustained results. The CII Institute of Quality initiated support to industry on the subject almost a decade back and since then serviced 200 organisations and certified 220 Black Belts.
Total Productive Maintenance, shortly termed as TPM, is the concept originated and developed by Japan Institute of plant Maintenance (JIPM) Tokyo, since late sixties. JIPM-TPM is the key for the operational excellence for many Japanese companies. TPM strives to achieve high level of productivity, through total participation of all people inside the organisation and then developing self-managing abilities in people and practices. Productivity, in JIPM-TPM means increasing production and reducing cost simultaneously.
• Assisting organizations in formulating a Quality Vision and developing a Strategic Quality Framework • Fostering Organizational success by developing mature business quality systems on a risk based model • Embedding robust process management framework in complex, matrix environments • Gap analysis and evaluation services on quality applications deployment • Enabling Conformity Assessment Bodies attain globally recognized accreditation based on ISO standards 17020, 17021,17065, 17024 • Helping public services develop their Citizen’s Charter development and quality and processes based on IS 15700 • Customized Long term Certificate courses on quality management and statistical methods for middle and senior quality managers.
The Award for Excellence was established jointly by CII and Export-Import (EXIM) Bank of India in 1994 and is based on the EFQM Model for Excellence. Its main aim is to enhance the ‘Competitiveness of India Inc.’, and recognises organisations who have achieved excellence. A large number of organisations have used this model to: • Define excellence across the organisation • Develop an integrated approach for achieving substantial competitiveness • Review and improve strategy, process and performance • Identity and share first-class practices • Provide opportunities to develop business leaders.
Projects
Chandigarh Chandigarh India Mar 15, 2022 To Dec 31, 2022
Mumbai Maharashtra India Apr 13, 2021 To Dec 30, 2022
Pune Maharashtra India Jan 13, 2022 To Dec 31, 2022
Chennai Tamil Nadu India Jun 10, 2022 To Mar 31, 2023
Mumbai Maharashtra India Oct 06, 2021 To Jun 30, 2022
CII News Update
CII welcomes the decision taken by the Government to allow incorporation of ‘call’ and ‘put’ options in shareholders’ agreement. The proposal to remove restrictions on using options in shareholders’ pact for M&A and PE transactions would encourage inflow of foreign investment into the country. This.....
Commenting on IIP Data, Mr Chandrajit Banerjee, Director General, CII, said, “A 2.5 percent growth over a negative base of -2.8 percent in March last year indicates that a robust and broadbased growth is elusive for the sector. What is creating concern is the growth of the mining sector which cont.....
Speaking at the seminar organised by CII on the background of 46th ADB Annual Meeting held in Delhi, Dr Arvind Mayaram, Secretary (Economic Affairs), Ministry of Finance said that the existence of an efficient financial system facilitates economic activity and growth and also stated that a country .....
“A Common Currency is the need of the hour in South Asia to promote Trade and Investment. Introduction of such currency will facilitate greater economic integration within the region” said Mr. A. M. A. Muhith, Finance Minister of Bangladesh while addressing the meeting on “Boosting Sub-Regional Dev.....
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.....
Addressing a press conference at CII NR Headquarters in Chandigarh on Friday, to unveil the CII theme for 2013-14, the newly elected CII President, Kris Gopalakrishnan, Co-Founder and Co-Chairman, Infosys Limited, highlighted that ‘In order to attract investments and accelerate growth, it is essent.....
“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.....
“Adapting to new technologies, enhancing value proposition to customers and investing in future are key to survive in times of uncertainty” said Mr S Mahalingam, Past Chairman, CII Southern Region & Former CFO, Tata Consultancy Services Ltd in his special address at the India Finance Forum orga.....
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