Phdcci News - Latest Updates & Headlines
US tariffs a chance to boost 'Make in India', empower MSMEs: PHDCCI CEO
New Delhi, April 3: Amid concerns over the US reciprocal tariffs, Ranjit Mehta, CEO of the PHD Chamber of Commerce and Industry (PHDCCI), said on Thursday that this is an opportunity for India for high-quality production and global expansion under the 'Make in India' and 'Atmanirbhar Bharat' initiatives.
Resilient economy: India's GDP to see marginal 0.1 pc impact due to US tariffs
New Delhi, April 3: The PHD Chamber of Commerce and Industry (PHDCCI) on Thursday said that owing to India’s price competitiveness and supportive government policies, it expects GDP to see only a marginal 0.1 per cent impact amid the recently announced US reciprocal tariffs.
American economy will hurt more from Trump's reciprocal tariffs: PHDCCI President
New Delhi, April 3: US President Donald Trump's reciprocal tariffs will impact the American economy more, leaving them with limited buying options to cater for their needs according to Ranjeet Mehta, CEO and Secretary General of industry body PHDCCI.
Union Minister urges India Inc. to develop skills for mining critical minerals
New Delhi, March 21: Union Minister of State for Coal and Mines Satish Chandra Dubey on Friday urged the captains of industry to build expertise in the mining sector to help make India self-reliant in the production of critical minerals.
PHDCCI seeks zero duty on import of gold ore concentrate to boost local industry
New Delhi, March 19: The PHD Chamber of Commerce and Industry (PHDCCI) has urged Finance Minister Nirmala Sitharaman to grant permanent zero-rated import duty on gold ore concentrate, aligning it with copper ore concentrate as this would help boost India's gold ore concentrate processing industry and create more jobs in the country.
India turns food-surplus powerhouse driven by robust farm sector growth: Study
New Delhi, Feb 19: India has evolved from a food-scarce nation to a food-surplus powerhouse with a strong export performance on the back of robust growth in agriculture, reflecting the farm sector's resilience and its significant role in the global agricultural trade landscape, according to a study released by apex business chamber PHDCCI.
Union Budget is non-inflationary, says Finance Secretary Tuhin Pandey
New Delhi, February 6: Finance Secretary Tuhin Kanta Pandey has emphasized the government's commitment to maintaining fiscal discipline while fostering economic growth, stating that the Union Budget 2024-25 is "absolutely non-inflationary".
Rs 50.65 lakh crore India Budget to boost entrepreneurship, innovation, investments
New Delhi, Feb 3: The focus on public-private partnerships (PPP) in infrastructure, along with 50-year interest-free loans for state projects, is expected to create a multiplier effect not only boosting India's GDP but also strengthening the states' economy, leading industry chamber PHDCCI's President Hemant Jain said on Monday.
Industry bodies applaud key provisions in Union Budget 2025
New Delhi, Feb 1: The Union Budget 2025 has garnered strong reactions from industry leaders, with many praising its focus on economic growth, fiscal prudence, and tax relief measures.
India most resilient economy among top 10, to become 4th largest one by 2026: PHDCCI
New Delhi, Jan 15: India will be the most resilient economy among the top 10 leading ones in the next three years (2025-2027), becoming the fourth largest economy by 2026, the PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.