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Hello Jammu News at 6:29:00 PM 0
Chennai, June 23 : Trade body Confederation of Indian Industry and Indian Institute of Management, Tiruchirapalli have agreed to work towards development of Tiruchirapalli city.

This decision to take up the Tiruchirapalli District Development plan was taken jointly at a recent workshop, a CII press release said here today.

"Tiruchirapalli has a strength in five areas -- education, connectivity, cultural heritage, SME industrial belt and strong talent", IIM Trichy, Director, professor Bhimaraya Metri said.

Tiruchirapalli can also become an innovation hub and an attractive destination in India, he said.

More than 40 members of CII Tiruchirappalli zone participated in the workshop, which also witnessed discussions on making the city a hub for industrial investment.   PTI

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Hello Jammu News at 5:35:00 PM 0


Appeals to consider invoice for calculating GST on tariff of hotels, reduction in GST rates on almond kernels   
SRINAGAR, MAY 25: A delegation of Confederation of Indian Industry (CII) on Friday called on Minister for Finance, Labour and Employment Syed Mohammad Altaf Bukhari.
The meeting was attended by Principal Secretary Finance Naveen Kumar Chaudhary, Chairman J&K Bank Parveez Ahmad, Chairman CII Saddam Zaroo, Post Chairman Rahul Sahai and Raju Choudhary, Vice Chairman Rajesh Sharma, Zonal Head Srinagar Khurshid Dar and other senior officers of the government and CII.
The representatives of CII apprised the minister about various issues faced by the industries in the state and sought the intervention of the minister in resolving their issues.
The delegation urged the government to reduce the GST rate on Almond kernels from 12 percent to 5 percent. They said after the implementation of GST, all other similar nuts category and dried fruits like raisins, cashew Kernels and walnuts were initially taxed at 12 percent but later on taxed at 5 percent except almond kernels.
The delegation of CII further appealed the minister to consider the invoice value for calculating the GST rate in hotels and also requested that the GST be taxed at not more than 12 percent stating that the current rate is 28 percent. They said the lack of clarity around a key term for calculating the GST rates for hotels, is spelling trouble for consumers.
While stating that the government has said that hotels with ‘declared tariffs’ of Rs 7500 and above will charge 28 % GST, CII representatives said that the term ‘declared tariff’ is unclear as hotels could declare new seasonal tariffs several times a year and rates may vary with each season.
They   appealed the government to provide clarity and consider invoice value for calculating GST rates in hotel.
The delegation also requested for issuance of clarification for SRO 63 issued by finance department in February this year for extension of benefit to service sector industries falling under thrust industry as per State Industrial Policy in addition to manufacturing industry. They said the step will encourage young entrepreneurs to start similar investing in the said industry.
The delegation also appealed the government to refund the fiscal incentives under GST on monthly basis instead of quarterly basis to provide relief to the industrial sector of the state.
The meeting discussed threadbare the issues raised by the representatives of CII. Minister said the government is committed to take every positive step to help the industry sector to grow in the state.
He assured the visiting delegation that government will take every possible step to ensure favorable environment for the industries to grow in the state. He said the government has already directed to refund the GST of three quarters at earliest. He said the refund will be made on monthly basis soon after the system is put in place.
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Hello Jammu News at 4:18:00 PM 0


New Delhi, March 26: India will negotiate a Free Trade Agreement with the newly formed African Continental Free Trade Agreement (AfCFTA), says Commerce Minister Suresh Prabhu. 
Al.so, the government is seeking to set up a new India–Africa Development Fund which would seek to synergise the Lines of Credit as well as other export promotion and development programmes to bring about a more holistic development of the continent.
Forty-four African countries last week formed an African Continental Free Trade Area (AfCFTA) aimed at creating a single market for goods and services with free movement of businesses and investments.
Bilateral trade between India and Africa is $53 billion, which is far below potential and there is a need to step up the volume of trade as well as diversify the trade basket. In this context, 
The minister said the commerce ministry was revamping export insurance and the Project Export Promotion Council to provide the much needed boost to India’s exports to Africa.
He also stressed the need for Indian companies to invest in Africa and that it was for this reason that the Asia–Africa Growth Corridor was being developed. 
Moreover, the government is looking to strengthen connectivity links with Africa, especially in the area of civil aviation, Prabhu said, addressing the Exim Bank Conclave on India–Africa Project Partnership, organized by the Ministry of External Affairs, Ministry of Commerce and Industry, Exim Bank of India and industry body CII on Sunday.
According to the African Union, the AfCFTA could create an African market of over 1.2 billion people with a GDP of 2.5 trillion dollars, the pan-African bloc said.
The AfCFTA will progressively eliminate tariffs on intra-African trade, making it easier for African businesses to trade within the continent and cater to and benefit from the growing African market. AU.
AU Chairperson and Rwanda's President Paul Kagame has said the advantages Africa gains by creating one African market will also benefit our trading partners around the world. UNI
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Hello Jammu News at 8:03:00 PM 0


New Delhi, Feb 27: Minister for Heavy Industries and Public Enterprises Anant Gangaram Geete on Tuesday said it is the Government’s endeavor to make the New Auto Policy industry-friendly. 
“We are trying to make a foolproof policy, to ensure the success of Make in India,” he added. 
The Minister was speaking at the 2nd India-Korea Business Summit 2018 organised by the Confederation of Indian Industry (CII) and Chosun Ilbo in cooperation with the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry.
The Minister stated that it would be his Ministry’s endeavor to continuously adapt and modify the policy so as to keep up with the changing times. Inviting Korean companies to invest in India, the Minister stated that Korean companies could consider developing technology in India. 
Dr. Asha Ram Sihag, Secretary, Department of Heavy Industry, stated that his Department is in the process of finalising the National Automotive Policy which would help create a more enabling environment for the sector. It provides the policy stability that overseas investors seek. 
Mr Vishvajit Sahay, Joint Secretary, Department of Heavy Industry, stated that the automotive industry contributes 7.1% of GDP & 49% of Manufacturing GDP. It also accounts for 8% of India's exports & 7-8% of employment.
Automotive Component Manufacturers Association (ACMA) President Nirmal Minda stated that auto components sector is the flagship manufacturing sector in India accounting for 49% of the overall manufacturing output in the country. It is the largest employment creator and exports 25% of its output. UNI
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Hello Jammu News at 5:43:00 PM 0



New Delhi, Feb 15: Karan Johar will lead the Indian delegation at the 68th annual Berlin International Film Festival that begins from Thursday and discuss the Indian film market and Indo-European film collaboration, trade sources said.
The festival will not just have a strong South Asian presence with the screening of six films, but also have substantial participation from India.
Along with the Ministry of Information and Broadcasting (I&B) and Confederation of Indian Industry (CII) officials, other members of the delegation are actress Bhumi Pednekar, CBFC member Vani Tripathi Tikoo, and directors Jahnu Barua and Shaji Karun.
The I&B Ministry is participating at the European film market in association with the CII.
'The officials believe that the participation of filmmakers will help them showcase Indian cinema to a global audience,' sources said on Wednesday.
'The highlights of this visit – scheduled from February 16-18 – are a discussion on the India-Europe Film Collaboration at the European Film Market (EFM) and a talk and presentation on ‘the current state of the Indian film market’ at the EFM Producers Hub. The Indian delegation will also be interacting with the audience at different sessions at the festival. Berlinale is set to take place from February 15-25,' sources said. UNI
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Hello Jammu News at 11:00:00 PM 0


New Delhi, Jan 17: Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday met Union Finance Minister Arun Jaitley and demanded a special financial package, citing the revenue deficit which the state is facing after the bifurcation. 
The Chief Minister also extended a formal invitation to Mr Jaitley to attend the CII partnership summit to be held on 24-26 in Visakhapatnam next month. 
Mr Naidu had met Prime Minister Narendra Modi on January 12 in Delhi and submitted various demands before him including sufficient fund allocation from the central budget, and special package for the Polavaram project. 
“We discussed mainly two issues with the Finance Minister. First, we asked for the remaining amount from Rs. 16,000 crores which the Centre had promised as a special package to overcome the revenue deficit. The state has received just Rs. 4,000 crores so far. Second to allocate more funds from NABARD and HUDCO”, Mr Naidu said after the meeting with Mr Jaitley. The Finance Minister responded positively, he said.
He demanded a speedy decision to resume the works of Polavaram project, which was delayed. Mr Naidu also demanded urgent steps to increase the number of seats in the state Assembly from 175 to 225 as committed in the state Reorganisation Act. 
Mr Naidu also demanded a separate Railway zone in the Union Budget, with Visakhapatnam as headquarters. 
Earlier in the day the Andhra Chief Minister addressed the curtain raiser of the CII partnership summit 2018 here. 
Addressing the gathering of delegates from various countries, Mr Naidu said “We are building a greenfield capital, Amaravati which will have immense possibilities for investments. It will be a clean, green and blue city with electric vehicles running. People in Amaravati will have life expectancy more by 10 years”.
The Chief Minister invited business to set up industries in the state and assured them support from the government. He said the state offers immense opportunities in various sectors. 
Union Minister for Commerce and Industry Suresh Prabhu also attended the summit. Addressing the gathering Mr Prabhu said, “Andhra Pradesh is one of the fastest growing, forward looking states led by a dynamic Chief Minister”. “On my recent visit to Russia, business delegations there were enquiring about Amaravati. Andhra Pradesh is one of the most sought after states for investments”. 
AP is promoting industries in an unprecedented way with unprecedented policies, he added. UNI
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Hello Jammu News at 1:32:00 PM 0


Mumbai, Dec 13: Confederation of Indian Industry (CII) organised 12th edition of Mutual Fund Summit, CII’s Flagship International Summit, on Tuesday at a hotel a Andheri (East) here on Tuesday. 
In his opening remarks, Leo Puri, Chairman – CII 12th Mutual Fund Summit and Managing Director, UTI Asset Management Co Ltd, pointed out that while it was definitely a good position for the Indian Asset management industry to be in and an apt time to take stock of the scenario and prepare for further growth - it was also prudent for the industry to prepare for future challenges.
A report on the theme of the 12 th edition of the Mutual Fund Summit, “Growth in Indian Asset Management industry – is there a new normal?” by CII and McKinsey and Company Inc, was released at the hands of Chief Guest G Mahalingam, Whole Time Member, Securities and Exchange Board of India (SEBI). This report also had the benefit of articles from the Industry experts like Aditya Agarwal of MorningStar, V Ganesh of Karvy Computershare and Monika Halan, Consulting Editor at Mint.
In his address, Mr Mahalingam pointed out the need to view growth in India’s Mutual Fund industry from the perspective of global regulatory trends. He pointed out that in the present ‘positive’ scenario, there was a need to factor in aspects which could impact future growth, adding that reduced liquidity could impact inflows into mutual funds. UNI
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Hello Jammu News at 12:34:00 PM 0


Kolkata, Dec 13: The State Industry Department is planning to approach prominent industrialists of Bengal to act as brand ambassadors for the state.
The state government wants the industrialists themselves, who have benefitted from 
the state’s policies (and there are many of them), to speak about the policies and 
opportunities which exist in the ruling government of Bengal. Some of them have 
already participated in road shows organised by the State Government abroad.
The state government is also approaching industry associations like CII, ASSOCHAM, FICCI and others to promote Bengal Global Business Summit (BGBS) as well as Bengal as a business destination, generally.
Now, the state government is primarily focussing on two things to attract investments 
from abroad – modern manufacturing facilities (as per the industry 4.0 standard) and the  existence of some of top branded hotels in the state.
Internationally, Industry 4.0 is the standard now being followed for manufacturing industries, a standard which stresses on the use of information technology to make manufacturing much more efficient. The state government wants the state to adopt this standard widely.
As for highlighting the hotels, the aim of the state government is to highlight them in order to convince potential investors, as the presence of upscale hotels (where big-ticket investors can stay comfortably) is one of the prime markers of the industry-friendliness of a region. UNI
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Hello Jammu News at 7:38:00 PM 0


JAMMU, DECEMBER 22: The State Government is committed to make J&K the most preferred investment destination; this was stated by Minister for Industries and Commerce, Chander Parkash Ganga, while chairing the meeting of Confederation of Indian Industries (CII), here today.
The Minister called for coordinated approach to lay out the desired design for the ease of doing business in the state and stated that government is working hard to improve business environment and state’s ranking on Ease of doing Business.
The Minister exhorted the need for effective operational strategies to create enhanced opportunities of employability in the state and said that Jammu and Kashmir would soon be listed in the top 15 states in the list of ease of doing business in the country
Ganga shared that along with the incentive packages from Central Government, the State Government has also come up with number of policy measures like fiscal incentives, availability of land banks, development of industrial corridors, power availability and ease of doing business to extend a red carpet welcome to the potential investors in the State. He said government has taken a number of measures like self-certification contributing towards building a conducive environment for investors.
Minister said that government is committed to provide better business facilities to the industries including 24x7 power supply, road connectivity and better infrastructure.
Deputy Chairman CII Northern Region Sachit Jain, Regional Chairman CII Northern Region Babu Khan and members of CII were present on the occasion.
Earlier, Minister attended the 13th Annual Day celebration of Jodhamal Public School and said that schools should focus on moral values rather than mere education to the students. Ganga asked the school management to always take the initiative for proper education and guidance for children as they are the future leader of the country. Minister stressed upon to ensure the all-round development of the children as future of our nation depends on them.
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