New Delhi, March 19 (IANS) India’s small and medium enterprises (SMEs) are rapidly transitioning into global contenders, due to India’s free trade agreements (FTAs) and their focus on digital transformation, said Khagen Murmu, Member of the Parliamentary Standing Committee on MSMEs, on Thursday.At a ‘Global SME Conclave’ organised by ASSOCHAM, Murmu highlighted the transformative impact of FTAs with the UAE and Australia, as well as ongoing engagements with the European Union (EU).“These a…
Latest Assocham News & Updates
New Delhi, March 13 (IANS) Union Commerce and Industry Minister Piyush Goyal on Friday said that the India-UK free trade agreement could come into force soon, noting that the ratification process is moving quickly in the United Kingdom.Speaking at a commemorative session marking two years of the signing of the India–EFTA Trade and Economic Partnership Agreement, organised by ASSOCHAM via video conference in the national capital, Goyal said the agreement with the UK is progressing rapidly and c…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, Feb 6 (IANS) The RBI’s prudent monetary framework will reinforce market confidence, boost manufacturing and trade activities, and enhance India’s global competitiveness, leading industry chamber Assocham said on Friday.The RBI’s decision to maintain a stable policy stance and adopt calibrated measures will strengthen economic growth, consumer demand, producers’ sentiment, and exporters’ competitiveness. “The Monetary Policy Committee’s move to keep the repo rate unchange…
New Delhi, Feb 1 (IANS) The sharp increase in capital expenditure to Rs 12.2 lakh crore, along with new freight corridors, national waterways and city economic region development, directly addresses industry’s concerns around infrastructure gaps and logistics costs, leading industry chamber Assocham said on Sunday.Calling the Union Budget 2026–27 as a forward-looking and reform-driven one that strengthens the foundations of India’s medium- to long-term economic growth, the chamber said it …
New Delhi, Feb 1 (IANS) Industry experts on Sunday welcomed the Union Budget 2026, calling it progressive, balanced and aligned with India’s long-term growth goals.Speaking to IANS, Vipin Vohra, Chairman of Continental Carriers Private Limited, said the budget is very positive for the logistics sector.“The government has laid strong emphasis on logistics as exports from India continue to rise,” he noted.Vohra highlighted that one of the most important announcements for the sector is the al…
New Delhi, Jan 29 (IANS) A key message emerging from the Economic Survey 2025-26 is the importance of regulatory quality, state capacity, and sustained deregulation as enablers of medium-term growth, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) said on Thursday.The Survey offers a balanced and realistic appraisal of India’s macroeconomic conditions, investment trends, labour market developments and external sector performance, set against a backdrop of global uncertaint…
New Delhi, Jan 15 (IANS) Industry stakeholders have called for stronger push to domestic manufacturing and the ‘Make in India’ initiative among the top priorities for the Union Budget 2026-27, a pre-Budget survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham) said on Thursday.The survey, conducted among professionals across manufacturing, services, infrastructure, IT/ITeS, startups and allied sectors, found that 55 per cent of respondents remain optimistic …
New Delhi, Dec 27 (IANS) The ease of doing business is a continuous journey requiring sustained collaboration between Customs, partner agencies, custodians, and the trading community, government officials and other stakeholders said on Saturday.At the Customs Clearance Facilitation Committee (CCFC) meeting here, under the chairmanship of the Chief Commissioner of Customs, Delhi Zone, stakeholders raised key operational issues which were constructively discussed, leading to actionable outcomes th…