New Delhi, July 26 (IANS) India has the potential to position itself as a global manufacturing and export hub for mining and construction equipment (MCE) by accelerating localisation, strengthening technology adoption, boosting research and development, and implementing supportive policy reforms, a report has said.The joint report released by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG) titled “Pressing the Throttle: How India’s Mining and Construction Equipment I…
Latest Confederation of Indian Industry News & Updates
New Delhi, July 24 (IANS) ACC Ltd has begun FY27 with a resilient performance, supported by a higher share of trade volumes and continued premiumisation, while expressing confidence in improved operational performance in the coming quarters on the back of capacity expansion, cost optimisation and the proposed One Cement Platform, the company said on Friday.Quarterly cement sales volume stood at 10 million tonnes, with the share of trade sales rising five percentage points year-on-year to 81 per …
Kolkata, July 18 (IANS) The new industrial policy in West Bengal will be announced next month, most likely on Independence Day, August 15, state Finance Minister Swapan Dasgupta said on Saturday. Announcing this while addressing a seminar organised by the eastern regional council of the Confederation of Indian Industry (CII), Dasgupta said the new policy will focus on reviving the once‑vibrant manufacturing sector in West Bengal through a robust investment strategy, moving away from the previo…
New Delhi, July 17 (IANS) In a bid to empower MSMEs, the government has launched a guidebook to help them identify export opportunities, understand market access requirements, leverage freely available trade intelligence tools, comply with international standards and sustainability requirements, and build export readiness.According to a Commerce Ministry statement, the guidebook addresses common challenges faced by MSMEs, including limited access to market information, inadequate knowledge of ov…
Washington, July 9 (IANS) The Confederation of Indian Industry (CII) has urged the United States to address concerns over forced labour through bilateral trade mechanisms instead of imposing additional tariffs, telling a US Trade Representative (USTR) hearing that dialogue and compliance would be more effective than punitive trade measures. Presenting the Confederation of Indian Industry’s position during a Section 301 public hearing on Wednesday (local time), Shuchita Sonalika said the proposed…
Washington, July 8 (IANS) India’s leading industry bodies on Wednesday urged the United States Trade Representative (USTR) to drop its proposed 12.5 per cent tariff on Indian imports, arguing that Indian businesses already operate under stringent labour and environmental compliance systems and that broad-based tariffs would raise costs for American manufacturers without helping eliminate forced labour. Appearing before a USTR Section 301 hearing, representatives of the Federation of Indian Chamb…
Washington, July 8 (IANS) India on Wednesday urged the United States to pursue cooperation rather than punitive tariffs to address forced labour concerns, telling a U.S. Trade Representative (USTR) hearing that strengthening compliance mechanisms would be more effective than imposing blanket duties on Indian exports. Responding to questions from USTR officials, Shuchita Sonalika, representing the Confederation of Indian Industry (CII), said India favoured collaborative efforts to improve labour …
New Delhi, July 3 (IANS) At least 15 per cent of the government IT budget should be earmarked for cybersecurity, Secretary of the Ministry of Electronics and Information Technology (MeitY), S. Krishnan, said on Friday, saying that cybersecurity cannot be treated as an afterthought and must be built into digital systems by design.Addressing the Cybersecurity 360 Summit organised by the Confederation of Indian Industry (CII), Krishnan said cybersecurity requires constant vigilance as organisations…
New Delhi, July 3 (IANS) India is in talks with the United States to secure access to Anthropic’s Project Glasswing to strengthen cybersecurity testing of its critical digital infrastructure, a senior government official said on Friday.Speaking at the Confederation of Indian Industry (CII) Cybersecurity Summit, Ministry of Electronics and Information Technology (MeitY) Secretary S. Krishnan said access to the advanced AI model would help India stress-test its digital systems against frontier art…
Washington, July 3 (IANS) The Office of the United States Trade Representative (USTR) has scheduled three days of public hearings next week on proposed action against 60 economies, including India, under Section 301 investigations into what it says is their failure to prohibit and effectively enforce bans on imports of goods produced with forced labour.India’s government and industry representatives are among those due to testify on July 8.The hearings will be held from July 7 to July 9 will exa…