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INDIA AND BELARUS TARGET TO ACHIEVE $1 BILLION TRADE BY 2018

NEW DELHI, India: The trade between India and Belarus today stands at around $450 million and the two nations are now aiming to take this number to $1 billion by 2018. To achieve this target and a high turnover there was a need to effectively implement the existing roadmap for cooperation. The two nations should… Read more »

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FICCI LAUDS PASSAGE OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 IN THE LOK SABHA

New Delhi, 5 May 2016: “FICCI congratulates the Government on passage of thethe Insolvency and Bankruptcy Code, 2016 in the Lok Sabha. Lauding the Government’s commitment to the reform agenda, Mr. Harshvardhan Neotia, President, FICCI said, “Industry is appreciative of the swift manner in which the Government is seeking to address the issues which will… Read more »

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FICCI: MALAYSIA CAN ACT AS GATEWAY TO ASEAN FOR INDIA

NEW DELHI, May 2, 2016. Malaysia can act as the gateway to ASEAN market for India. Malaysia and India can explore opportunities in the smart manufacturing/factory concept and explore the Principal Hub scheme for Indian companies with a global presence. Indian companies should look ahead for expansion in Malaysia to strengthen their presence in the… Read more »

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HIGHLIGHTS OF THE 2016-17 UNION BUDGET – FICCI PERSPECTIVE

“Overall the budget proposals are in line with the development priorities of the nation. There has been a strong attempt to pump prime the rural economy and the infrastructure sector. We foresee a multiplier effect in the form of demand generation and employment creation over time. The state of the agriculture sector on account of… Read more »

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‘INDIA NUDGING TRADE PARTNERS FOR NEGOTIATING TFA IN SERVICES’

India is asking its trade partners within WTO and outside to consider negotiating a trade facilitation agreement (TFA) in services as the sector has huge potential, a senior government official said today. Additional Secretary in the Department of Commerce Arvind Mehta said the WTO has already missed an opportunity to put some elements of services… Read more »

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PRESS RELEASE: FICCI COMMENTS ON UNION BUDGET 2016-17

PRESS RELEASE: FICCI COMMENTS ON UNION BUDGET 2016-17 A budget for ensuring economic stability through continuous focus on reforms: Harshavardhan Neotia, President, FICCI New Delhi, February 29, 2016:. Commenting on the Union Budget 2016-17, Mr. Harshavardhan Neotia, President, FICCI said “Overall the budget proposals are in line with the development priorities of the nation. The… Read more »

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WE WANT INDIA TO REALIZE ITS ECONOMIC POTENTIAL: ARUN JAITLEY

Yesterday, Finance Minister Arun Jaitley was in Mumbai to participate in the CNN Asia Business Forum 2016 held on the sidelines of the ongoing Make in India Week. In a discussion with CNN’s Fareed Zakaria, he spoke on a number of issues like taxation, the Make in India initiative and the government’s economic policies. Zakaria… Read more »

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FICCI ELECTS HARSHAVARDHAN NEOTIA AS PRESIDENT AT 88TH AGM

NEW DELHI: Ambuja Neotia Group chairman Harshavardhan Neotia took over as the president of the Federation of Indian Chambers of Commerce & Industry (FICCI) at the conclusion of the Chamber’s 88th Annual General Meeting.   Neotia was conferred with the ‘Padma Shri’ by the President of India in 1999 for his outstanding initiative in social housing.   Additionally, Zydus… Read more »

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‘FICCI WELCOMES PANEL REPORT, SAYS GST TO ADD 2 PC TO GDP’

Welcoming the recommendations put forth by the Arvind Subramanian panel on GST, FICCI today said rollout of the tax reform will add 2 per cent to India’s growth and usher in efficiency and transparency in the indirect tax regime. In recommendations aimed at breaking the GST logjam, the panel today suggested dropping additional one per cent… Read more »

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SECOND QUARTER GDP NUMBERS SHOW PATH OF RECOVERY: FICCI

Commenting on the second quarter GDP numbers, Dr. A Didar Singh, Secretary General, FICCI said that the there has been an uptick in the GDP numbers and the economy is steadily moving on the recovery path, which is an encouraging sign. “Both industry and services sector continue to support growth and the performance of agriculture… Read more »

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INDIA’S FINANCE MINISTER CALLS FOR STRONGER BUSINESS TIES WITH SINGAPORE

SINGAPORE: Indian Finance Minister Arun Jaitley has called for stronger business ties with Singapore, assuring investors that Asia’s third-largest economy is setting its agenda straight on reforms to provide a conducive taxation and foreign investment climate. India is a land of opportunity in globally challenging times, Mr Jaitley said, as he pitched for foreign investment… Read more »

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INDIA WILL GIVE BETTER RETURNS ON INVESTMENTS: ARUN JAITLEY

Pitching for more foreign investments, Finance Minister Arun Jaitley on Sunday said India would give better returns than many other countries and assured that the government is working to expeditiously resolve tax disputes involving three overseas companies. Jaitley, who is here to meet foreign investors and fund houses, emphasised that the government wants to resolve expeditiously… Read more »

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INDIA POSITION PAPERS (CLICK TO DOWNLOAD)

Aug, 2015:   FICCI Note on Pressing Issues of India Textiles Industry May, 2015:   FICCI Note for Replacement Policy for Diesel Commercial Vehicles May, 2015:   FICCI’s Voice ‘Secretary General’s Desk’ April 2015       Apr, 2015:    Leveraging the Science and Art of Project Management to realize Make in India        … Read more »

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FICCI: INDIA COULD GROW ITS ASEAN TRADE BY US$26BN THIS YEAR

India’s exports to ASEAN grew from US$44bn in 2010 to US$74bn last year, according to a government official as he outlined the region’s growing importance. Anil Wadhwa of the Ministry of External Affairs has also called for a closer relationship between India and southeast Asia. A free trade agreement was signed between India and Asean… Read more »