New Delhi, July 9 (IANS) Innovation-led research, science-based regulatory frameworks, climate-resilient technologies and deeper global collaboration will be central to strengthening India’s seed ecosystem and enhancing agricultural productivity, experts said on Thursday.Policymakers, scientists, industry leaders and international experts at ASSOCHAM’s India Seed Trade & Innovation Summit 2026 discussed strategies to strengthen India’s competitiveness in the global seed value chain through i…
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New Delhi, July 7 (IANS) India is rapidly strengthening its position as one of the world’s leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a report released by industry body ASSOCHAM on Tuesday.The report said the post-COVID global manufacturing landscape has undergone a significant transformation, with companies increasingly diversifying production beyond China by adopting China+1, nearshoring and friends…
New Delhi, July 3 (IANS) The mutual fund industry has become a key pillar of India’s financial markets by helping households create long-term wealth and providing stable domestic capital for economic growth, but millions of Indian households are still outside the mutual fund ecosystem, making innovation in products, distribution and investor communication critical for broader participation, SEBI Whole-Time Member Amarjeet Singh said on Friday.Addressing ASSOCHAM’s 17th Mutual Fund Summit on the …
New Delhi, July 2 (IANS) Union Minister Bhupender Yadav said on Thursday that India’s transition to electric mobility is not merely about replacing one technology with another — it is about building a sustainable industrial ecosystem that strengthens manufacturing, creates green jobs and supports the Prime Minister’s vision of Viksit Bharat by 2047.Addressing a national conference organised by Assocham, the minister said, “As we accelerate this transition, our focus must remain on green g…
New Delhi, June 22 (IANS) Apex industry body ASSOCHAM on Monday welcomed the agreement reached between the US and Iran in Switzerland to ensure safe commercial shipping through the Strait of Hormuz, saying the development is expected to ease global crude oil prices and deliver significant benefits to the Indian economy.The chamber said the breakthrough — which comes amid heightened geopolitical tensions in the region — could help restore stability to global energy markets and reduce risks asso…
New Delhi, June 12 (IANS) India’s Purchasing Managers’ Index (PMI) has shown strong resilience despite the winds of war in West Asia and rising energy input prices, according to an Assocham report on Friday.The PMI for India in May stands at 59.3, significantly higher than in all the major top 10 economies, with China at 54, the US at 51.5, Japan at 51.1 and Italy at 50.4.From January to May 2026, India’s PMI maintained a steady expansion despite global economic turbulence, according to Asso…
New Delhi, June 11 (IANS) India’s pharmaceutical market is expected to grow to $120-130 billion by 2030 from an estimated $55 billion in 2025, and pharmaceutical exports have crossed $30 billion in FY25, a report said on Thursday.The report from ASSOCHAM said India supplies around 20 per cent of the world’s generic medicines by volume and contributes over half of UNICEF’s vaccine procurement requirements, underlining the country’s role in global healthcare supply chains.The next phase of gro…
New Delhi, June 11 (IANS) India is rapidly emerging as a global pharmaceutical powerhouse and is well-positioned to lead the next wave of biopharmaceutical innovation, Union Minister of State for Health & Family Welfare and Chemicals & Fertilisers Anupriya Patel said on Thursday. While addressing ASSOCHAM’s Pharma Summit & Awards 2026, she highlighted the government’s efforts to strengthen domestic manufacturing, promote innovation, and build a resilient healthcare ecosystem capable …
New Delhi, June 10 (IANS) India has witnessed strong and broad-based economic transformation over the past 12 years, with major gains across growth, manufacturing, services, external sector performance and investment climate, ASSOCHAM President Nirmal K Minda said on Wednesday.Congratulating Prime Minister Narendra Modi on becoming the longest-serving Prime Minister of India, Minda said the country has achieved multiple milestones under his leadership.“Our economy’s growth fundamentals have …
New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…