The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

India spends miniscule amount on cyber security: ASSOCHAM-PwC study

New Delhi, 4 July 2017: Despite the growing threat, India’s budgetary allocation towards cyber security was about Rs 42.2 crore in 2012-13, up 19 per cent from Rs 35.45 crore in 2010-11 whereas US spend $658 million through department of homeland security and $93 million through US-CERT in 2013, according to the joint study brought out by ASSOCHAM and PwC.

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Tuesday, July 04, 2017

GST to bring cheer for domestic electronic components’ manufacturers: Study

New Delhi, July 3, 2017: Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.

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Monday, July 03, 2017

Record inflation augurs perfectly well for GST launch: ASSOCHAM

New Delhi, 1 July, 2017: With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.

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Sunday, July 02, 2017

Investments worth $291 bn needed to plug water demand-supply gap in India: Study

New Delhi, June 30, 2017: The widening gap between demand for water and its supply is estimated to reach as high as about 50 per cent by 2030 and plugging this huge gap would need an additional investment of about $291 billion (bn), noted a just-concluded ASSOCHAM-PwC joint study.

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Friday, June 30, 2017

Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI

Ahemdabad, 29 June 2017: Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.

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Thursday, June 29, 2017

Hydropower projects with 13,363 MW capacity register cost overruns worth over Rs 52K crore

New Delhi, 28 June 2017: Several hydropower projects with a cumulative capacity of about 13,363 megawatt (MW) are stranded at various stages of project development, resulting in significant time and cost overruns worth Rs 52,697 crore as of December 2016, noted a just-concluded ASSOCHAM-PwC study.

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Wednesday, June 28, 2017

US commitment on improving IT market access big positive for India

New Delhi, 27 June, 2017: ASSOCHAM today welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.

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Tuesday, June 27, 2017

Rentals easing in IT hubs on subdued sentiment

New Delhi, 26 June, 2017: With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper.

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Monday, June 26, 2017

India would need to bring 88 km2 land under waste disposal by 2050: Study

Considering the present scenario of waste management in India, where most of the waste is dumped without treatment, it would require an estimated 88 square kilometer (km2) of precious land to be brought under waste disposal through landfilling by 2050, which is equivalent to the size of area under administration of New Delhi Municipal Council (NDMC), noted a recent joint study by ASSOCHAM and PwC.

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Sunday, June 25, 2017

ASSOCHAM seeks dropping of proposal for mandatory telecom equipment testing

New Delhi, 22 June, 2017: Opposing any more layer of regulation to the highly indebted telecom industry, battling several challenges, the ASSOCHAM has approached the Department of Telecommunication with a plea to drop the proposal of mandatory testing of telecom equipment which is used in India after certification from well-known third party global bodies.

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Thursday, June 22, 2017

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