The Associated Chambers of Commerce & Industry of India
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Press Releases

India’s gross defence budget may reach $112 bn by FY27 clocking 11% CAGR: ASSOCHAM-KPMG report

New Delhi, 26 May 2018: India’s gross defence budget is expected to reach US$ 112 billion (bn) by FY27 from $45 bn announced by the Government of India in 2018-19, owing to significant steps been taken by the Centre to bolster country’s position as a major aerospace and defence power, noted a recent ASSOCHAM-KPMG joint study.

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Sunday, May 27, 2018

Big revival in business sentiment in Punjab; projects worth Rs 1.2 lakh crore under implementation in state: ASSOCHAM

Chandigarh, 24 May, 2018: Showing a handsome revival in business sentiment in the last one year, as many as 248 projects involving an investment of Rs 1.20 lakh crore are under implementation in Punjab, with considerable cut in time taken for project completion, an ASSOCHAM paper has noted.

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Thursday, May 24, 2018

India’s organic consumption share less than 1%: study

New Delhi, 23 May, 2018: Despite the promising performance in terms of exports, the local consumption of organic produce is still at a nascent stage with a market share of less than 1% and per capita consumption at only EUR0, said the ASSOCHAM-EY joint report.

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Wednesday, May 23, 2018

Robust food processing sector key to doubling farmers’ income: Sadhvi Niranjan Jyoti

New Delhi, May 22, 2018: Strengthening food processing sector is key to achieving government’s aim to double farmers’ income, union minister Sadhvi Niranjan Jyoti said at an ASSOCHAM event held in New Delhi today.

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Tuesday, May 22, 2018

Banks credit in personal loans too high compared to degrowth in infra sectors: ASSOCHAM

New Delhi, May 19, 2018: Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans etc, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper has said

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Sunday, May 20, 2018


Patiala, May 18, 2018: Minister for Family Welfare and Health, Government of Punjab, Mr Brahm Mohindra today stated that the Chief Minister Punjab Captain Amarinder Singh was the savior of farmers in true sense. The Chief Minister has raised demand with the Prime Minister seeking Rs 685 cr compensation for the farmers to pull them out of the problem of setting paddy stubble on fire.

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Friday, May 18, 2018

ASSOCHAM-Reckitt Benckiser launch joint campaign to raise awareness of air pollution in Punjab

Patiala, May 17, 2018: Apex industry body ASSOCHAM under the aegis of its Corporate Social Responsibility Foundation in collaboration with global consumer product company Reckitt Benckiser and Government of Punjab is launching a massive, year-long campaign aimed at raising public awareness on air pollution caused by burning crop residue in the state.

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Thursday, May 17, 2018

Political economy to centre around elections forcing "wait and watch" by biz: ASSOCHAM

New Delhi, May 12, 2018: Whatever the outcome of Karnataka elections, the political-economic narrative of 2018 and early part of 2019 would centre around either the impending polls in states like Madhya Pradesh and Rajasthan or the general Lok Sabha elections, forcing investors to adopt a ''wait and watch'' stance although sectors focussed on rural consumption and health are likely to receive increased opportunities, an ASSOCHAM note has said.

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Sunday, May 13, 2018

Sector-wise threshold must to achieve desired goals for merger review control regime in India: CCI chairman

New Delhi, May 11, 2018: There is a need for India to revisit the desirability of uniform threshold for the merger review control regime in the country to achieve the intended goals across the sectors including the digital, Competition Commission of India (CCI) chairman, Mr Devender Kumar Sikri said at an ASSOCHAM event held in New Delhi today.

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Friday, May 11, 2018

Access to institutional finance, ECB will attract more investments in India: National Housing Bank, CEO

New Delhi, May 10, 2018:, Easy and dedicated access to institutional financing, higher limit on external commercial borrowings (ECB) will attract more investments and assure sustained growth of affordable housing in India, making it the core driving segment for real estate, said Mr Sriram Kalyanaraman, Managing Director & CEO, National Housing Bank at an ASSOCHAM event held in New Delhi today.

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Thursday, May 10, 2018

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