New Delhi, June 30 (IANS) Industry leaders on Tuesday said that the approval of the Delhi Electric Vehicle (EV) Policy 2026 is a forward-looking policy initiative that can accelerate the transition towards sustainable urban mobility while strengthening investment, manufacturing and innovation across India’s electric mobility ecosystem.Leading industry chamber PHDCCI said it will work closely with policymakers, and industry stakeholders to support effective implementation of the policy and facili…
Latest PHDCCI News & Updates
New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…
New Delhi, June 5 (IANS) The Reserve Bank of India’s (RBI) decision to keep policy repo rate unchanged focuses on preserving financial stability and will keep growth prospects intact in the long term, economists and industry leaders said on Friday.Dr Ranjeet Mehta, CEO and Secretary General, PHDCCI, said the policy decision reflects a balanced view of upside risks facing the economy. While external uncertainties have increased, RBI’s move created a conducive environment to keep medium to long …
New Delhi, June 1 (IANS) Industry Chamber PHDCCI on Monday said that the India–Oman Comprehensive Economic Partnership Agreement (CEPA) strengthens India’s trade connectivity with the GCC and East Africa through strategic logistics infrastructure.The agreement will strengthen economic integration of both countries by improving market access, trade benefitting exporters, professionals and investors, according to a statement.“Reduced trade barriers will open new opportunities for MSMEs and s…
New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.“High growth of intermediate goods at 7.7 per cent, infrastructure/construction goods at 7.1 per cen…
New Delhi, May 15 (IANS) Palm oil is crucial for India’s edible oil security and reduced import dependence, experts said at an event held this week, adding that it should not be defamed without adequate evidence, PHDCCI said on Friday.Food Safety and Standards Authority of India said that it does not endorse or defame any food ingredient without credible scientific evidence and called for balanced, evidence‑based public messaging.In a conference on edible oils held by PHDCCI and AYUSH Commit…
New Delhi, May 14 (IANS) The increase in wholesale inflation in April was largely driven by a sharp rise in energy and petroleum-related prices, which also contributed to higher input costs across several manufacturing segments, industry chambers said on Thursday.In contrast, food-related wholesale inflation remained relatively moderate compared with recent periods of raised volatility, said Rajeev Juneja, President, PHDCCI.India’s wholesale price inflation jumps to 8.3 per cent in April 2026 …
New Delhi, May 12 (IANS) The moderate jump in inflation in April reflects relatively stable price conditions across several core consumption categories, particularly transport, industry leaders said on Tuesday.However, food price pressures remain elevated in select commodities, indicating the continued importance of supply-side monitoring, said PHDCCI.“Among major commodity groups, transport inflation remained subdued at near-zero levels as Government has not increased retail pump prices despi…
New Delhi, May 7 (IANS) Vietnam President To Lam’s visit to India elevated bilateral ties to an Enhanced Comprehensive Strategic Partnership, and will improve India’s access to critical inputs, generate substantial long-term benefits for exports, investments, and GDP growth, the industry chamber PHDCCI said on Thursday.Rajeev Juneja, President, PHDCCI said that the bilateral partnership creates a stronger framework for supply-chain resilience, manufacturing cooperation, digital connectivity,…
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…