The Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday urged the government to support the country's capital goods sector, especially the small and medium enterprises (SMEs) in the field, with funds worth Rs. 500 crore for technology upgradation and enhancement of R&D activities.
The Ministry of MSME, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI), is likely to set up an IPR (Intellectual Property Rights) monitoring cell to help SMEs in the area, a FICCI official said on Monday.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the government to formulate rules for the import of second hand capital goods and make those accessible to the industry.
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The Associated Chambers of Commerce and Industry (ASSOCHAM) on Monday urged the government to increase export duty on iron ore fines to 20 percent from present 5 percent to curb exports of the raw material and discourage "unprecedented" increase in illegal mining.
The Reserve Bank of India should keep the country's MSME sector outside its proposed base rate regime which will be the new benchmark lending rate for banks from July 1, the Associated Chambers of Commerce and Industry urged the central bank on Tuesday.
The Associated Chambers of Commerce and Industry (ASSOCHAM) Sunday urged the government to incentivise exports, while suggesting a two-pronged strategy to push the manufacturing and agricultural sectors to help the economy achieve double digit growth by 2014.
Prices of consumers goods are likely to rise further over the next six months, the Associated Chamber of Commerce and Industry of India (ASSOCHAM) said Monday, basing its prediction on a country-wide survey.
Small, medium and large companies need to work in an inter-dependable way to enhance growth between Indo-US, said, Thomas Donohue, President, US Chamber of Commerce during his visit to India in New Delhi on Tuesday.
The Sharjah Chamber of Commerce and Industry (SCCI) has launched the second edition of the Auto Parts Week as part of its effort to promote the sector.
The Indian medical device industry, which is characterized by over 60 percent imports, needs urgent attention from the government, according a study by the Federation of Indian Chambers of Commerce and Industry.
Machine-made embroidered shawls from China and a few unscrupulous domestic traders are posing a threat to the handmade Kashmiri shawls and stoles sector, according to the Kashmir Chamber of Commerce and Industry.