New Delhi, Feb 11 (IANS) South Africa’s High Commissioner to India Prof. Anil Sooklal said on Wednesday that the proposed SACU (Southern African Customs Union)–India Free Trade Agreement would significantly boost trade and investment flows between the two regions. In an exclusive interview with IANS, the High Commissioner said that this would be the first free trade agreement between India and a regional bloc in Africa. The SACU consists of five member countries – Botswana, Eswatini, Lesotho…
Latest CII News & Updates
New Delhi, Feb 8 (IANS) The Apex Business Chamber CII has prepared a roadmap for setting up a scalable model pilot air corridor connecting Gurugram, Connaught Place, and Jewar International Airport to reduce transit time and provide a high-impact solution to urban congestion. The CII report titled ‘Navigating the Future of Advanced Air Mobility in India’, launched by Civil Aviation Minister Ram Mohan Naidu Kinjarapu, is also expected to contribute to India’s Net-Zero 2070 goals through zero-emis…
New Delhi, Feb 3 (IANS) Leading industry chambers on Tuesday said the India-US trade deal will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.The US has immediately reduced reciprocal tariff on Indian goods from 25 per cent to 18 per cent, while waiving off the other 25 per cent tariffs imposed on the country for purchasing Russian oil.“The expected reduction of US-India tariffs to …
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to strengthen India’s competitiveness through fiscal discipline, structural reforms and targeted steps to boost private investment, industry said on Sunday.CII President Rajiv Memani said the Budget reinforces confidence in India’s growth story at a time when global economic conditions remain uncertain and investors are increasingly looking for policy clarity and long-term stability.“The Budget’s fo…
Ahmedabad, Feb 1 (IANS) Industry representatives in Ahmedabad on Sunday welcomed the Union Budget, describing it as balanced and inclusive, with a clear long-term vision for economic growth across sectors. Speaking after the Budget presentation, manufacturing and industry leaders highlighted the emphasis on fiscal discipline, public health, agriculture, manufacturing and ease of doing business.Nirag Choksi, Co-Convenor of the Manufacturing Panel at the Confederation of Indian Industry (CII) and …
New Delhi, Jan 29 (IANS) The Confederation of Indian Industry on Thursday concurred with the Economic Survey 2025–26’s assessment of India’s growth outlook, with the projected growth rate of 6.8–7.2 per cent in FY27 appearing realistic amid global uncertainties.The industry body forecasted that with moderate level inflation, India is poised for “double digit nominal growth, which should help augment revenues and moderate borrowings, further easing pressures on real interest rate and thus t…
New Delhi, Jan 27 (IANS) The unprecedented preferential access secured for over 99 per cent of Indian exports is a game-changer for Indian industry, the Confederation of Indian Industry (CII) said on Tuesday.With the India-EU deal, Rs 6.41 lakh crore ($75 billion) worth exports are poised for take-off, with $33 billion of exports in labour-intensive sectors like textiles, leather, marine products, gems and jewellery are set to gain immensely from preferential access under the FTA.According to Ch…
New Delhi, Jan 22 (IANS) SEBI Chairman Tuhin Kanta Pandey said on Thursday that India continues to demonstrate strong macroeconomic stability amid ongoing global volatility in trade and geopolitics, as capital-raising activity remains robust, with the country ranking first globally in the number of IPOs and third in terms of capital raised in 2025.Outlining the resilience of the Indian economy, Pandey observed that moderate inflation, robust foreign exchange buffers, and stable external accounts…
Amaravati, Jan 20 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Tuesday that there is no better investment destination than Andhra Pradesh.He invited industrialists to visit Andhra Pradesh and personally observe the policies implemented by the state government and the favourable conditions for investments. He urged them to make investment decisions only after witnessing the speed of doing business policies.The Chief Minister, who is attending the World Economic Forum annual m…
New Delhi, Jan 18 (IANS) Business confidence in India is steadily improving, reflecting strong domestic demand and expectations of continued reforms in the Union Budget 2026–27, according to the latest Business Outlook Survey by the Confederation of Indian Industry (CII) on Sunday.CII’s Business Confidence Index rose for the third straight quarter to 66.5 in Q3 FY26, marking its highest level in five quarters.The report showed that companies are optimistic about demand, profitability and inv…