The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

India`s bulk drug exports to grow b/w 12-14% till 2018-19: Study

Domestic formulations market might cross $20 bn in next two years India's bulk drug exports are likely to grow at a compounded annual growth rate (CAGR) of 12-14 per cent till 2018-19, driven largely by exports to regulated markets as well as continued growth in the semi-regulated markets, according to an ASSOCHAM and Yes Bank joint study.

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Monday, March 21, 2016

Online shopping defying slowdown; set to rise 78% this year: ASSOCHAM-PwC study

Unfazed by slowdown, average online purchases are expected to increase by 78% in 2016 from 66% in 2015 due to attractive deals and aggressive marketing of ever-expanding range of merchandise from clothes to jewellery, from electronics to books, according to an ASSOCHAM-PwC study.

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Sunday, March 20, 2016

Rains, hailstorms may cause 13 million tonnes damage to wheat output, forcing govt. to go for imports: ASSOCHAM

Unseasonal rains accompanied by hailstorms are creating havoc for Indian farmers year after year even as the country faces shortfall in wheat production by around 13 million tonnes from the initial estimates of 93.8 million tonnes in the current crop year and the development may force the government to consider imports of the staple grain as well, according to an ASSOCHAM paper.

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Friday, March 18, 2016

With exports slipping back to 2010 level, ASSOCHAM seeks FTAs’ review

Seeking a thorough review of India’s trade –opening agreements like FTAs and PTAs, ASSOCHAM has said the country’s exports in 2016-17, would be reversing back to near about the level of 2010-11, making it imperative for the government to come out with a fresh strategy to stem continuous fall in exports.

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Thursday, March 17, 2016

Max. use of solar energy for mega food parks, cold chain to save electricity: Sadhvi Niranjan Jyoti

The ministry of food processing Industry is discussing with their industries like four mega food parks, cold chain for maximum use of solar energy to save the electricity, said Ms. Sadhvi Niranjan Jyoti, Minister of State, Ministry of Food Processing Industries, Government of India at an ASSOCHAM event held in New Delhi today.

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Wednesday, March 16, 2016

Remove cess and surcharges as effective tax on corporates above 34 %: ASSOCHAM

Making out a strong case for removal of cess and surcharges of various types, the ASSOCHAM has approached the Finance Ministry for a clear road-map for reduction of corporate tax to 25 per cent, which is effectively over 34 per cent at present.

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Wednesday, March 16, 2016

Skill Development ministry emphasis for ITIs equivalent to class 12: Rajiv Pratap Rudy

The Union Minister of State for Skill Development and Entrepreneurship, Mr. Rajiv Pratap Rudy said HRD ministry is also agree to make two-year diploma courses at Industrial Training Institutes (ITIs) equivalent to Class 12 in order to ensure greater participation but waiting for committee’s report at an ASSOCHAM event held in New Delhi today.

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Tuesday, March 15, 2016

ASSOCHAM Reaction: Wholesale Price Index for February 2016

A steep fall in prices of potato, onion, minerals, high speed diesel, basic metals alloys & metal product and iron & semis kept the Wholesale Price Index (WPI) in the negative zone, apex industry body ASSOCHAM said today.

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Monday, March 14, 2016

Only 11% of investments worth Rs 15 lakh crore announced in manufacturing sector actually recorded: Study

Manufacturing projects with investments worth over Rs 12 lakh crore under implementation; Lakhs of employment opportunities lost Projects with investments worth just Rs 1.6 lakh crore i.e. a meagre 11 per cent of total investments worth about Rs 15 lakh crore announced in manufacturing sector across India have actually been recorded as of September 2015, according to a recent study by apex industry body ASSOCHAM.

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Sunday, March 13, 2016

Army soldiers at international borders and naxal areas to soon get secure mobile phones: Haribhai Parathibhai Chaudhary

Govt. working towards transforming law for cybercrime prevention in accordance with technological advancement The government will soon provide secure mobile phones to soldiers along the international borders and in naxal affected areas, Union Minister of State for Home Affairs, Mr Haribhai Parathibhai Chaudhary at an ASSOCHAM event held in New Delhi today.

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Friday, March 11, 2016

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