Confederation of Indian Industry’s Post

Scintillating Session at Vigyan Bhawan, New Delhi initiated by CII on 30th July 2024. It is indeed a privilege to represent Insurance Institute of India at a Post Union Budget 2024-25 National Conference, Journey Towards Viksit Bharat at Delhi. Chief Guest was Shri Narendra Modi, Hon’ble Prime Minister of India along with other prominent speakers including Smt Nirmala Sitharaman, Hon’ble Minister of Finance and Corporate Affairs, Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, and Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Education, Government of India. Key takeaways to achieve the vision for Amrit Kaal towards 2047 are ·      Showcasing Business Reforms ·      Leveraging Demographic Dividend ·      Making India competitive Knowledge Economy India is heading towards becoming the third largest economy and towards shaping up as a developed economy by 2047.

Education is base for every sector. It has to be on priority list. Boom in this industry is expected soon

Industry upbeat on policy continuity as business confidence index rises to 2-quarter high: CII - Times of India NEW DELHI: The industry is buoyed by policy continuity as the CII Business Confidence Index soared to a two-quarter high of 68.2 for the July-September period this fiscal, the lobby grouping said in its first survey after the Lok Sabha polls. The 128th round of the CII Business Outlook Survey was conducted in September 2024, covering more than 200 firms of varying sizes across all industry sectors and regions. Economic momentum has gained speed post the general elections, the industry body s... Read more here: https://lnkd.in/dKbUjvqV . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Business

9-Point Agenda for a Resurgent India! Aligning with our vision of a 'Viksit Bharat', the Budget 2024 unleashes a 9-point agenda to unlock boundless opportunities for all, fuelling a brighter future for everyone. #BudgetForViksitBharat

Delighted to have worked on this report. As the High Commissioner said, it is a relevant piece of work that is forward looking, re-imagining the India-UK Corridor, and realising our shared vision and aspiration for a secure and sustainable future. It clears away the past image of India and showcases the impact of Indian businesses in the UK, propelling growth and innovation, enriching the economy and cultural diversity. In 2023 India was the second largest source market for the UK, bringing in 118 new projects and creating 8,384 jobs. For the first time this report highlights the source Indian states from where foreign direct investment (FDI) has been received in the UK. Shehla Hasan CII International Confederation of Indian Industry #bilateraltrade #indiauk #FTA #CIIUKIBF #Indianstates #UKregions #automotive #technology #manufacturing #greenenergy #pharma #healthcare #skills #innovation #heritagebrands #jobcreation #FDI #culture #diversityandinclusion

𝐌𝐒𝐌𝐄 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐂𝐫𝐢𝐬𝐢𝐬: 𝐔𝐧𝐩𝐚𝐢𝐝 𝐃𝐮𝐞𝐬 𝐍𝐞𝐚𝐫 ₹𝟓𝟎,𝟎𝟎𝟎 𝐂𝐫𝐨𝐫𝐞 India's Micro and Small Enterprises (MSEs) are facing a mounting financial challenge, with delayed payments nearing ₹48,159 crore as of January 6, 2025. The data, collected via the MSME Samadhaan Portal, highlights ongoing struggles with delayed settlements from government ministries, PSUs, and private entities since its launch in October 2017. Out of 2.18 lakh applications filed on the portal:- ₹7,196 crore worth of complaints have been resolved by facilitation councils.- ₹11,813 crore worth of claims have been rejected.- ₹2,557 crore were settled mutually between buyers and MSEs.- ₹12,955 crore worth of applications remain pending resolution. The largest pending dues are owed by state governments (₹6,529 crore), followed by central PSUs (₹5,595 crore) and proprietorship firms (₹4,309 crore). 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬 𝐭𝐨 𝐀𝐝𝐝𝐫𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐫𝐢𝐬𝐢𝐬: To tackle the issue, the government introduced key reforms in April 2024: 1. 𝑺𝒆𝒄𝒕𝒊𝒐𝒏 𝟒𝟑𝑩 𝑨𝒎𝒆𝒏𝒅𝒎𝒆𝒏𝒕: Buyers can only claim MSE invoice expenses if payments are cleared within 45 days. 2. 𝑻𝑹𝒆𝑫𝑺 𝑷𝒍𝒂𝒕𝒇𝒐𝒓𝒎 𝑨𝒄𝒄𝒆𝒔𝒔: Turnover criteria were reduced from ₹500 crore to ₹250 crore, improving access to working capital credit. While these measures aim to alleviate cash flow constraints, the persistence of unresolved dues reflects the need for stricter enforcement of payment timelines, better accountability mechanisms, and faster resolution frameworks. The MSME sector remains a critical engine for India’s economic growth, and addressing delayed payments is key to ensuring its sustainability. How can payment timelines be better enforced to support MSMEs? Share your thoughts below! #MSME #DelayedPayments #CashFlowCrisis #SmallBusinesses #EconomicGrowth #GovernmentInitiatives #FinancialStability #IndiaBusiness

The CII CEOs’ delegation to the U.S. led by Mr Ramachandran Dinesh, Chairman, CII International Council and Chairman, TVS Supply Chain Solutions met with The Hon’ble Phil Murphy, Governor of New Jersey at the #SelectUSASummit, at National Harbor on 24 June 2024, and had a productive discussion on fostering #innovation, #jobcreation and #sustainablegrowth. According to the CII Report, #IndianRootsAmericanSoil, #NewJersey is emerging as a strategic hub for Indian investments in the US and ranks as the top business-friendly state in the US by Indian companies. New Jersey ranks in the top 3 when it comes to Indian FDI in the US and job creation as well. The total volume of investment by Indian companies in NJ contributes to the economic and social fabric of the state. We look forward to collaborating with the Governor and the Choose New Jersey, Inc. more closely in the future! SelectUSA  #usindia 

It is inspiring to have a leader who strongly believes that vision alone is not enough; it’s the ability to carry it through with conviction and strategy that makes all the difference and empowers everyone around, inspires through action, and continuously pushes towards tangible results and success. It is rare to see such leaders in governance who are determined with such unmatched focus and believes in execution as the key to progress.