Latest news with #CII
Hans India
9 hours ago
- Business
- Hans India
India's urban headcount likely to surge by 70 million in next 20 years
New Delhi: India Inc. must take up infrastructure building in cities in partnership with municipal corporations as the country is expected to add 70 million new urban residents in the next two decades by 2045, a senior official said on Friday. Addressing a CII conference here, D Thara, Additional Secretary, Ministry of Housing and Urban Affairs, said that there is a disconnect between India's economic ambitions and the capacities of its urban local bodies, so the private sector needs to be proactively engaged in the urban development of the country. 'India is a rich nation with poor municipalities,' she remarked. She was delivering the keynote address at a CII conference on 'Exploring Urban Dynamics: Outlook 2030'. She said the growing urban population poses challenges and opportunities as the country will see the creation of many more cities, calling for a pragmatic, revitalisation-first approach to urban development. She underlined the need for targeted interventions to upgrade existing cities, backed by significant investment. The proposed Urban Challenge Fund, she explained, is intended to catalyse this transformation with a mix of 25 per cent public sector seed funding, 50 per cent market capital, and 25 per cent state contribution. 'It's not about building afresh,' she said, 'It's about fixing what already exists - legacy infrastructure, greenfield areas, and urban governance systems.' Prasad Gadkari, executive director & chief strategy officer at NIIF, echoed the importance of enabling frameworks to unlock capital. 'A robust pipeline of projects, predictable revenue streams, and standardised bidding processes are essential,' he said, noting NIIF's readiness to back urban infrastructure initiatives through scalable public-private partnerships. Abedalrazq Khalil, Practice Manager for Urban and Land at the World Bank, placed India's urbanisation in a global perspective. 'By 2050, 800 million people are expected to live in Indian cities. Cities must be enablers of growth, but many are not yet ready,' he said. He further emphasised the need for integrated planning and livability as critical to attracting private investment. Transport integration also featured prominently, with the Regional Rapid Transit System (RRTS) cited as a model for enabling distributed urban employment. In-situ slum redevelopment and smaller-scale, private-led urban initiatives were also discussed as vital components of revitalisation.
Hans India
18 hours ago
- Business
- Hans India
Govt urged to unlock green Hydrogen demand
New Delhi: India has set a bold near-term milestone of creating 5 million metric tonnes (MMT) of green hydrogen production capacity by 2030. However, unlocking green hydrogen demand at scale is critical to achieving this vision, a new report said on Thursday, adding that export opportunities may generate up to 1.1 MMT in green hydrogen demand. However, without a matching push on the demand side, this potential may remain underutilised, according to the joint report by Bain Company, the Confederation of Indian Industry (CII), and Rocky Mountain Institute (RMI). According to the report, blending green hydrogen into current industrial processes like oil refining, fertilizer production, and piped natural gas (PNG) distribution could together create up to 3 MMT of demand by 2030. On the global front, exports of green hydrogen, ammonia, and green steel could contribute another 1.1 MMT, while public procurement of green steel for infrastructure could unlock 0.6 MMT of demand. Blending even small percentages of green hydrogen -- 10 per cent in refining and 20 per cent in fertilisers -- could be achieved with minimal cost increases, the report production costs continue to decline, these blend rates could be scaled up report also highlights opportunities in niche sectors like chemicals, glass, and industries already use hydrogen extensively. Another critical suggestion in the report is leveraging public procurement. By mandating the use of green steel in government projects such as bridges, housing, and railways, the government can act as an anchor customer and create long-term demand green steel, especially to the EU under its new carbon tax rules, could add another 0.13–0.18 MMT. Separately, the Chairman of ReNew, Sumant Sinha,said India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
The Hindu
a day ago
- Business
- The Hindu
CII lays road map to enhance Karnataka's competitiveness in global market
The Confederation of Indian Industry (CII), Karnataka, on Thursday unveiled its new road map to enhance the State's competitiveness on the global stage. As part of the road map, which is named 'Accelerating Karnataka's Competitiveness: Globalisation, Inclusivity, Sustainability, Trust', the CII would focus on AI-led transformation, sunrise sectors, and capacity building for MSMEs. Other priorities will include simplifying GST and taxation, easing regulatory compliance to strengthen 'Ease of Doing Business', and improving infrastructure and connectivity for balanced industrial development, the trade body said in a press conference. According to the office-bearers, the CII's 2025–26 agenda placed a strong focus on empowering MSMEs through digitisation, ESG adoption, and cluster-based support. Key priorities include emerging sectors like semiconductors, aerospace, and electric mobility, along with energy transition and alternative fuels and Industry 4.0 skills. To drive impact across sectors, the CII plans to strengthen collaborations with the academia, startups, the government and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial transformation. Rabindra Srikantan, chairman of CII, 'As we move towards Viksit Bharat, the State has an opportunity to shape India's industrial future through innovation, technology leadership, and sustainability.'' The trade body's focus was to create a resilient and agile ecosystem that empowered industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy. A key pillar of this journey was the expansion of Global Capability Centres (GCCs), which were rapidly evolving from support hubs to strategic innovation engines across sectors, he added. Guruprasad Mudlapur, vice-chairman of CII, said, 'We are committed to accelerating inclusive and future-ready growth by strengthening competitiveness, ease of doing business, and building trust to enable MSMEs across the State.' He said the CII's new roadmap was aligned to Viksit Bharat, and focused on infrastructure, policy simplification, and technology adoption to drive industrial resilience across the State.
Time of India
a day ago
- Business
- Time of India
UK sees record 23 pc surge in number of Indian-owned businesses; revenue hits GBP 72.14 billion
The combined revenues reported by Indian-owned companies in the UK increased to GBP 72.14 billion from GBP 68.09 billion in 2024, showed the latest annual 'India Meets Britain Tracker', an analysis by global financial advisory firm Grant Thornton in collaboration with industry body CII (Confederation of Indian Industry). Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads LONDON: The number of Indian-owned companies operating in the UK has increased 23 per cent year-on-year to reach 1,197 this year, recording the steepest pace of annual growth, according to an combined revenues reported by Indian-owned companies in the UK increased to GBP 72.14 billion from GBP 68.09 billion in 2024, showed the latest annual 'India Meets Britain Tracker', an analysis by global financial advisory firm Grant Thornton in collaboration with industry body CII (Confederation of Indian Industry).There are now 1,197 Indian-owned companies operating in the UK, more than 23 per cent compared to the figures of 2024, said the 12th edition of the latest annual Tracker was launched during the UK-India Week at the India Global Forum (IGF) in London on Wednesday by Commerce and Industry Minister Piyush Goyal and UK Business and Trade Secretary Jonathan Reynolds Goyal is here on a two-day official visit to discuss the implementation of the India-UK free trade agreement (FTA) and ways to boost bilateral trade and investment."As the recent milestone UK-India Free Trade Agreement highlighted, there is a distinct economic commonality between the UK and India and a mutual desire to trade and invest more with one another," said Anuj Chande, Partner and Head of the South Asia Business Group at Grant findings of this year's 'India Meets Britain Tracker' stand testimony to the deep and historic relationship between these two great nations. It is evident that India continues to see the UK as a key investment hub, and a country in which Indian firms can flourish, he year's analysis showed that the combined revenues reported by Indian-owned companies in the UK increased to GBP 72.14 billion from GBP 68.09 billion in businesses employ 126,720 people across the UK and have added over 8,000 new jobs in the past 2025 Tracker companies achieved an average growth rate of 42 per cent and a combined turnover of GBP 32.6 billion. These firms also paid GBP 67.3 million in corporation tax and created more than 56,000 jobs."This year's India Meets Britain Tracker underlines just how engaged Indian businesses are with the UK as a key trading partner and investment hub," said IGF chairman Manoj Ladwa."As the UK and India enter a new era shaped by the free trade agreement, India Global Forum's UK-India Future Forum is becoming a vital modern platform, serving as a gateway to this next chapter of collaboration. It's encouraging to see Indian investment in the UK not only rising but thriving," he IT Services UK Societas tops the growth rankings in the 2025 Tracker, with a 448 per cent revenue surge, followed by a new entrant, IT management firm Zoho corporation Limited, which posted 197 per cent total, 20 companies joined the Tracker for the first time in 2025, while 41 companies stayed on the Tracker from last terms of location, London remains the destination of choice, with 47 per cent of all Tracker companies headquartered in the UK capital. The analysis also found an increase in the proportion of female directors to 24 per cent from last year's 21 per CII stated: "Coming at such a significant time in the ongoing development of the strong trade links between India and the UK, this year's report highlights the true value of the symbiotic impact of Indian foreign direct investment in the UK."The recent announcement of the conclusion of the Free Trade Agreement negotiations will turbo-charge this relationship further and lead us into a golden era of India-UK trade, which we can all look forward to."
The Print
a day ago
- Business
- The Print
Will focus on AI-led transformation, sunrise sectors, MSMEs capacity building: CII
He was addressing a press briefing organised to discuss CII's roadmap to the future. 'Our focus is to create a resilient and agile ecosystem that empowers industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy,' said Rabindra Srikantan, Chairman of CII Karnataka and Founder and Managing Director, ASM Technologies Ltd. Bengaluru, Jun 19 (PTI) The Confederation of Indian Industry (CII), Karnataka announced on Thursday that it will focus on AI led transformation, sunrise sectors and MSMEs capacity building to enhance the state's competitiveness on the global stage. 'A key pillar of this journey is the expansion of Global Capability Centres (GCCs), which are rapidly evolving from support hubs to strategic innovation engines across sectors,' he added. According to him, CII Karnataka is working closely with government, academia, startups, and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial transformation. Guruprasad Mudlapur, Vice Chairman of CII and President, Bosch Group in India & Managing Director Bosch Limited said CII is working to expand competitiveness across regions — Beyond Bengaluru — and deepen collaboration between government, industry, and academia. 'CII Karnataka is committed to accelerating inclusive and future-ready growth by strengthening competitiveness, ease of doing business, building trust, and enabling MSMEs across the state. We will be focusing on infrastructure, policy simplification, and technology adoption to drive industrial resilience,' he added. The plan, he added, is to equip businesses, especially MSMEs in Tier 2 and 3 cities through structured mentoring, sustainability initiatives, and skilling platforms. PTI JR ROH This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
