Tag Archives: Federation of Indian Chambers of Commerce & Industry (FICCI )

French Ambassador invites captains of Indian Industry to invest in the country

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Mr. François Richier, Ambassador of France, today showcased France as an ideal
investment destination for Indian investors and invited captains of Indian industry to the France as it offered access to markets of the Middle East and African countries.

While addressing a discussion on ‘France: Your Preferred Destination’ organized jointly by FICCI and … Read More

Govt. to announce 1st 20 Cities to commence Smart City initiative in January : Venkaiah Naidu


Real Estate Regulation Bill which has received the nod from the Parliament Select Committee will be posed to the Cabinet shortly “and I propose to table it in the next session of Parliament,” stated Mr. M. Venkaiah Naidu, Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs, Government of India, here today at FICCI… Read More

Karnataka welcomes Central European Investing Firms

The state of Karnataka will ensure maximum transparency as well as quick decisions on proposals received from investing companies. Stating this in his keynote address at a dedicated session on Karnataka at the 2nd India-Central Europe Business Forum conference organised by the Federation of Indian Chamber of Commerce & Industry (FICCI) and the Ministry… Read More

DRDO ties with Patanjali for marketing ‘Seabuckthorn’ based products


PSU news update; A Life Science laboratories of DRDO, Defence Institute of High Altitude Research (DIHAR) has successfully developed technologies based on Seabuckthorn that has found to be having high nutritional values. It can be used as quality food supplements as they have very high anti-oxidants, vitamins and minerals. M/s Patanjali Ayurved Ltd. has… Read More

Four foreign banks have sought nod for subsidiaries: RBI


RBI Deputy Governor R Gandhi said on Tuesday that four foreign banks have applied for setting up wholly owned subsidiaries in India.

“Several discussions are going on. I think four have already applied. We are processing the applications,” said Gandhi. The deputy governor was speaking on the sidelines of the banking event organised by FICCI and IBA.

RBI had… Read More

Governor of Bangladesh Bank urges SAARC to develop socially inclusive trade practices

The need of the hour is to develop socially inclusive, sustainable and environmental-friendly trade practices even as SAARC countries aim for financial integration in the region, stated Dr. Atiur Rahman, Governor of Bangladesh Bank, here today. In his Special Address at a roundtable on ‘SAARC Financial Integration: Progress and Prospects’ at the two-day… Read More

Raghuram Rajan inaugurates banking conference FIBAC 2015

The short term macroeconomic priorities of the Reserve Bank are to help growth by bringing down inflation in line with the proposed glide path, thus creating room for monetary easing; and work with the Government and banks on speeding up the resolution of distressed projects and cleaning up bank balance sheets, stated Dr. Raghuram Rajan, Governor, Reserve… Read More

FICCI comments on RBI Monetary Policy

 Commenting on the third bi-monthly monetary policy statement released today,Dr. Jyotsna Suri, President, FICCI said “The decision of Central Bank to keep the policy rate unchanged is disappointing for the industry. Given that the industrial growth still remains volatile and demand conditions have not seen much improvement, there is a need to give policy… Read More

FICCI Textiles Committee meets FM Arun Jaitley


FICCI Textiles Committee led by Mr Shishir Jaipuria, Chairman of the committee and Ginni Filaments met the Finance Minister Shri Arun Jaitley today to present their key and immediate concerns related to the textiles sector. In its representation submitted to the Finance Minister, Mr. Jaipuria requested for adequate allocation of funds under the TUFS (Technology… Read More

Making e-Governance tick: Call for CTO to make govt operate as a responsive machinery in a data-driven manner


 Mr. Rajeev Chandrasekhar, Member of Parliament and Past President, FICCI, today made a case for India to have in place a Chief Technology Officer (CTO), as in the US, in order to make the government function as a unified machinery that operates with consistent standards of efficiency, transparency and responsiveness. That is key to realizing maximum governance,… Read More

Dept of Heavy Industry to fund Projects Worth 1000 Crores Under the Capital Goods Scheme

The Centre has asked the industry to avail of the benefits of the recently launched Capital Goods Scheme which would help in acquiring or developing new technology. Speaking at the inauguration of a workshop in Mumbai today, Union Minister for Heavy Industries and Public Enterprises, Shri Anant Geete expressed concern over increasing imports of Capital … Read More