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The Latest Breaking News from FICCI

India's private consumption projected to reach $1.9 trillion by 2030: FICCI-Deloitte report

India's private consumption is projected to reach $1.9 trillion by 2030. This growth stems from rising incomes and rapid digital adoption. Consumers now prioritize quality, health, and societal issues over price. Businesses must adapt to evolving demographics and regulatory landscapes. The government is enhancing quality standards and modernizing testing infrastructure.

The Economic Times

$India's cities need USD 2.4 trillion investment by 2050, but municipal corporations raise only a fraction: Report$

India's cities need USD 2.4 trillion investment by 2050, but municipal corporations raise only a fraction: Report

India's cities will require an estimated USD 2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have so far mobilised only a fraction of the required capital, according to a joint report released by FICCI and EY on Tuesday.

The Economic Times

Government targets 25 pc food processing level by 2031; mulls policy measure to boost investment

Addressing a conference organised by industry body FICCI, he cited a recent report by Crisil which highlighted that the food processing level has increased to 17 per cent in 2023 from 10 per cent in 2010-11.

The Economic Times

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Corporate demand resilient amid new opportunities opened up by FTAs, says Ficci chief

Indian companies have seen firm demand despite inflationary pressures, and global crude oil moderation and improving economic conditions have sustained business momentum across industries, according to Ficci President Anant Goenka. Automobiles, banking and telecommunications sectors are witnessing strong business activity and expansion, he said.

The Economic Times

Indian officials to testify before US Trade Representative to counter tariff move

India is set to strongly contest proposed US tariffs next week, arguing that allegations of forced labour are legally unsound and will harm American businesses. Indian industry representatives will present a robust counter at a public hearing, highlighting the country's comprehensive legal framework and compliance measures.

The Economic Times

India's manufacturing growth expected to moderate in April-June due to West Asia crisis: FICCI

Indian manufacturing growth is set to slow in the first quarter of FY27, with a FICCI survey revealing muted business sentiment. This moderation is linked to the West Asia crisis, impacting production and order levels compared to the previous quarter. Despite these challenges, export performance shows positive signs, though manufacturers…

The Economic Times

Manufacturing growth seen moderating in Q1 as West Asia crisis weighs on sentiment: FICCI

India's manufacturing sector anticipates a slowdown in April-June FY27, influenced by West Asia tensions impacting business confidence. Despite this, robust domestic demand offers some resilience. Production and order book expectations have softened, though capacity utilization remains steady. Encouragingly, export performance shows improvement, driven by diversification efforts. However, cost pressures persist,…

The Economic Times

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Indian High Commissioner to Singapore urges businesses to study Singapore's water sector innovations

Indian businesses are urged to study Singapore's water recycling and reuse innovations. This is crucial for drinking water, industrial water, and sewage treatment needs. As India advances in manufacturing and data centers, water management becomes more important. Collaboration with Singapore's water ecosystem offers new business opportunities. Indian companies are looking…

The Economic Times

Forensic experts call for AI-driven playbook to counter deepfakes and digital scams

Financial crime is evolving rapidly with AI-generated deepfakes and complex fraud rings. Traditional methods are no longer sufficient. Experts at a FICCI conference stressed the need for advanced forensic technology and real-time intelligence sharing. Stronger governance and digital trust are crucial to protect investors and businesses. Collaboration between regulators, private…

The Economic Times

India-EU trade pact to help boost domestic auto manufacturing: Senior official

India and the European Union have concluded negotiations for a free trade agreement. This pact is expected to attract significant investments into India. Automobile manufacturing in the country will see a boost. Indian exporters will gain access to the EU's value chain. Prices of imported European cars are likely to…

The Economic Times

Luxury brands are betting big on India, and so are counterfeiters

As luxury brands expand in India, their fakes are available in big and small markets as well as on social media.

Al Jazeera

G.S.K. Velu re-appointed chairman of FICCI

G.S.K. Velu re-appointed Chairman of FICCI Tamil Nadu State Council for 2024, with Bhupesh Nagarajan and Swathy Rohit.

The Hindu

‘Tamil Nadu Unlimited’ summit to be held on December 12

Tamil Nadu Unlimited summit to be held in Chennai on Dec 12 to highlight potential of different sectors. Seven panel discussions to be moderated by The Hindu's journalists. Co-presenting partner Guidance Tamil Nadu, powered by Veranda Learning and SBI. VFS Global, Nippo, CREDAI, Sify Technologies, Nippon Paint, Avtar Group, MIOT…

The Hindu

Misgivings about Kerala as an investment destination being cleared, says Governor

Misgivings about Kerala’s suitability as an investment destination are being cleared through new initiatives and plans, Governor Arif Mohammed Khan has said. He was speaking after releasing the ‘Kochi Declaration’ drawn up at the end of the two-day conference organised by the Federation of Indian Chambers of Commerce and Industry…

The Hindu

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The Hindu

FICCI meet explores Kerala’s development potential

MP Tharoor stresses need to revise laws to promote biz growth in India. He inaugurated a two-day FICCI-Kerala Industrial Dev Corp. conference to focus on Kerala's dev potential. Discussions on health, finance, IT, tourism, start-ups, retail, and sustainable ecosystem. Aims to highlight Kerala as attractive investment destination.

The Hindu

State seed corporation signs MoU with ICRISAT to access drought and disease-resistant varieties

KSSC, ICRISAT ink MoU to introduce drought, disease-resistant varieties to benefit farmers in Karnataka. KSSC to get access to new seed varieties from ICRISAT; MoU valid for 3 yrs; Varieties to be validated by VRDC, KSSC & State agri univs; FICCI reps meet Agri Min to discuss reforms.

The Hindu

Benefits of uniform customs document stressed

The significance of ATA Carnet, an international uniform customs document, for trade and business was highlighted at a workshop organised by industry body FICCI.

The Hindu

Mamata returns to Kolkata, says foreign visit to attract investments to Bengal ‘very successful’

Mamata Banerjee returns from successful 12-day tour of Spain & UAE, bringing "serious offers for investments & partnerships". MoUs signed with Spanish football league La Liga & Lulu Group International. Sourav Ganguly joined delegation in Madrid. Aim to attract investments ahead of BGBS in Nov.

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The Hindu

Draft policy on AVGC-XR to be presented to Kerala govt. on September 8

Draft State policy on AVGC-XR to be presented on Sept 8; policy aims to develop Kerala as a leading global hub in terms of export revenues, projects acquired & employment. FICCI & KSFDC compiling policy; meet on AVGC-XR to be held in Thiruvananthapuram on Oct 30-31.

The Hindu

Domestic medical device manufacturers question Centre’s ‘Make in India’ policy

The Central government recently issued a list of 50 high-end/high-value used medical devices that can be imported, other than critical care equipment.

The Hindu

If T.N. can sustain its current average of 10% growth, it may reach USD 1 trillion economy benchmark by 2034: report

Tamil Nadu Chief Minister M.K. Stalin on Saturday inaugurated the national executive meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI) and also released a FICCI – Deloitte Knowledge Paper on ‘Accelerating Tamil Nadu’s Progress to becoming a One Trillion Dollar Economy by 2030-31’.

Newslaundry

Financial Times journalist says ‘kicked out’ of India-Russia event over ‘security reasons’

The South Asia bureau chief of Financial Times has claimed that he was “kicked out” of an India-Russia event in Delhi today for “security reasons”.

The Hindu

SBI ‘Export Utsav’ on Sept. 14

HYDERABAD

The Hindu

Morning Digest | Droupadi Murmu elected 15th President of India; Troops raid Sri Lanka’s main protest site, and more

A select list of stories to read before you start your day

The Hindu

Agriculture Minister to take up industry's demand on reducing GST on pesticides with FM Sitharaman

Minister Narendra Singh Tomar was responding to the demand made by FICCI Crop Protection Committee Chairman that the GST should be reduced to 5% from 18%

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