Tag - CII

India’s GDP growth in FY23 estimated at 7.2%


New Delhi/Chennai: India’s gross domestic product (GDP) growth for FY23 is estimated at 7.2 per cent, said the National Statistical Office (NSO), said the Ministry of Statistics and Programme Implementation. According to NSO, the growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22. The GDP...

India’s GDP growth may even cross 7% in FY23: RBI Governor


New Delhi: There are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends, Reserve Bank of India (RBI) Governor Shaktikanta Das said. Speaking at the annual conference of the Confederation of Indian Industry (CII) here Das noted that for FY23, the estimates for GDP...

Indian companies invested $40 billion and created 425K jobs in US, says CII survey


Washington: Indian companies have invested more than $40 billion in the United States and created 425000 jobs in the country, says a survey titled ‘Indian Roots, American Soil’ of the Confederation of Indian Industry (CII). The report was released on Wednesday evening at India House, the residence of the Indian ambassador to the US, Taranjit...

Tata Sons’ N. Chandrasekaran Chair of B20 India, to lead biz agenda


Mumbai: Tata Sons Chairman N. Chandrasekaran has been appointed by the government as the Chair of Business 20 India and will lead the business agenda during the country's G20 Presidency, an official statement said. The Confederation of Indian Industry (CII), India's apex industry body, has been named as the B20 India Secretariat by the government...

Goyal, Scindia, others condole J.J. Irani’s death


New Delhi: Condolences from all quarters have poured in on the death of the 'Steel Man of India', J.J. Irani who had passed away at the age of 86 in Jamshedpur. Steel Minister Jyotiraditya Scindia, Commerce Minister Piyush Goyal and former Infosys CFO T.V. Mohandas Pai were among prominent politicians and business leaders, who condoled...

Sitharaman invites Silicon Valley investors to be part of India’s growth story


Washington, DC: India's Finance Minister Nirmala Sitharaman at the Silicon Valley invited investors to be part of the country's growth story while pitching for collaboration with the US in financial services and emerging technologies. Speaking at a round table hosted by the Confederation of Indian Industry (CII) and the US Chamber of Commerce’s US-India Business...

The man behind ‘Hamara Bajaj’ passes away


The man who made two-wheelers a part and aspiration of every Indian middle-class household, Rahul Bajaj passed away on February 12. He was 83. “Rahul Bajaj died today at 2.30 pm. He died due to heart and lungs problems. He was admitted for past one month in Ruby hall hospital in Pune,” Dr. Parvej Grant,...

India can attract annual FDI of $120-$160 billion


New Delhi: India has the potential to attract an annual FDI in the range of $120-$160 billion by 2025, Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said. Speaking at the second edition of the CII National Conference on MNCs, 2021 via video link, he said: "We have...

India assures ramp up in supply of oxygen, Remdesivir to states


New Delhi: Union Finance Minister Nirmala Sitharaman praised the Indian industry for its extreme forbearance, patience and perseverance, using Japanese word 'Gamanzuyoi'. Addressing more than 150 senior industry captains in a virtual interaction organised by the Confederation of Indian Industry (CII), she emphasised on the need for adopting micro-containment strategy in dealing with the second...