The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Grooming, cosmetic products set for exponential growth in India: ASSOCHAM

The market size of India's beauty, cosmetic and grooming market will touch 20 billion dollars by 2025 from the current level of 6.5 billion dollars on the back of rise in disposable income of middle class and more and more people aspiring to live good life and look good, industry body ASSOCHAM said.

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Thursday, July 07, 2016

India Inc enthused by decisive Cabinet reshuffle by PM, says ASSOCHAM

By undertaking a decisive reshuffle of his Council of Ministers, Prime Minister Mr Narendra Modi has conveyed a strong resolve to put a premium on performance of his colleagues to improve quality of governance and make difference in the lives of common people, ASSOCHAM said today.

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Wednesday, July 06, 2016

Investment & capacity building agreements imperative to fructify unity b/w India & Africa: ASSOCHAM

Investment and capacity building cooperation and agreements are needed along with trade agreements at bilateral and multilateral levels to fructify unity between India and Africa which is dependent on – food, energy security and mutual developmental prosperity, apex industry body ASSOCHAM said on the eve of Prime Minister Narendra Modi's four-nation Africa tour.

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Wednesday, July 06, 2016

Govt. focussed on harnessing strengths of ancient & traditional medicinal practices to get more export value: Y.S. Chowdary

The government is focussed upon harnessing the strength of India’s ancient medicinal practices based on traditional health systems to get more and more export value, union minister of state for Science and Technology. Mr Y.S. Chowdary said at an ASSOCHAM event held in New Delhi today.

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Tuesday, July 05, 2016

ASSOCHAM approaches PMO, proposing National Data Bank

Proposing to break wall between the government and private organisations, the ASSOCHAM has written to the Prime Minister’s Office (PMO) and the National Security Advisor offering to set up a national data bank from billions and trillions of e-transactions and exchange of information, to be used for the common citizens as also for the country’s strategic needs.

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Monday, July 04, 2016

Avg. salary in gems & jewellery sector lowest across manufacturing sector: Study

The average salary in Indian gems and jewellery industry at Rs 2.52 lakh per annum is lower than other manufacturing industries that are becoming more lucrative for young workers – pharmaceuticals (Rs 5.09 lakh), capital goods (Rs 4.94 lakh), electronics (Rs 4.43 lakh), chemical (Rs 3.97 lakh), automotive (Rs 3.77 lakh), construction material (Rs 2.88 lakh), metal and metal products (Rs 2.54 lakh), noted an ASSOCHAM-Thought Arbitrage joint study.

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Sunday, July 03, 2016

Reserve Bank of India should be audited: Shashi Kant Sharma, CAG

There is a need to consider financial regulator like the Reserve Bank of India (RBI) to be audited, said Comptroller and Auditor General of India (CAG) Mr Shashi Kant Sharma said at an ASSOCHAM event in New Delhi today.

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Friday, July 01, 2016

Banks may have to take 40-70 % hair cuts in 240 firms: ASSOCHAM-Ind-Ra Study

Lenders would need to take hair cuts or cut their losses between 40 and 70 per cent in at least 240 companies which are under heavy debt mostly in steel, construction, power, textiles and infrastructure, an ASSOCHAM-India Ratings and Research (Ind-Ra) joint study has pointed out.

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Thursday, June 30, 2016

Growing e-commerce to invest $8 billion in infra, logistics: study

With the growing popularity of online shopping which is expected to catapult the e-commerce market to $80 billion by 2020 in India, the online companies are expected to invest close to $6-8 billion in logistics, infrastructure and warehousing in the next few years, an ASSOCHAM-PwC study has said.

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Wednesday, June 29, 2016

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