The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Need to urgently create ecosystem to make new IPR Policy successful: Suresh Prabhu

Though the government has come out with a National Intellectual Property Rights (IPR) Policy to promote a robust intellectual property (IP) environment across India, we need an ecosystem to take a good idea to a logical end even before it is commercialised, Union Railway Minister, Mr Suresh Prabhu said at an ASSOCHAM event held in New Delhi last night.

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Thursday, April 27, 2017

ASSOCHAM advocates MAT exemption for sick companies under debt restructuring

Apex Industry body ASSOCHAM has advocated continuation of the exemption from MAT (Minimum Alternative Tax) by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the insolvency & banking code 2016.

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Tuesday, April 25, 2017

PEs/VCs backed firms to offer exit options to promoter funds, via IPO, M&As: ASSOCHAM-Deloitte

Many private – equity and venture capital backed companies are expected to tap into the capital market this year, even as mergers and acquisitions (M&As) have emerged as another favourable exit route for the PEs and VCs in India, according to an ASSOCHAM-Deloitte Study.

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Saturday, April 22, 2017

Layoffs in IT not ruled out; sector reeling under visa curbs, rising rupee: ASSOCHAM

With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’ campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, as the rising rupee is aggravating the situation further for the technology export firms, an ASSOCHAM paper has cautioned.

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Wednesday, April 19, 2017

Indian Nutraceuticals industry to touch US$ 8.5 billion by 2022: study

Indian nutraceuticals market is expected to cross from a value of US$ 2.8 Billion in 2015 to a value of US$ 8.5 Billion by 2022, according to the joint study brought out by ASSOCHAM and RNCOS.

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Tuesday, April 18, 2017

E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM

The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses, as the GST is set for a roll out.

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Sunday, April 16, 2017

Sharp rise in ACs, power back up devices this summer: ASSOCHAM

Onset of early summer with sudden rise of temperature in most parts of India has given a big boost to Air conditioner (ACs), inverters, generators and air coolers with demand estimated to be going up between 35-45 per cent this season as compared to last year, an ASSOCHAM survey has indicated.

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Friday, April 14, 2017

Uttrakhand needs 4 lakh skilled workers in next five years: study

Industries in Uttrakhand are grappling with huge shortage of skilled manpower and to meet the requirement ASSOCHAM-TARI study has recommended urgently a comprehensive training centres equipped with better infrastructure facilities for training so that in 5 years about 4 lakh workers are trained to give thrust to the industrialisation.

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Wednesday, April 12, 2017

826 housing projects running behind schedule; average delay 39 months: ASSOCHAM study

Battling adversity, as many as 826 housing projects are running behind schedule by an average of 39 months, with Punjab having the maximum of the delayed projects followed by Telangana and West Bengal, an ASSOCHAM study has found.

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Sunday, April 09, 2017

India generates 1,00,000 metric tonnes of waste per day: Y.S. Chowdary, MoS

India alone generate more than 1,00,000 metric tonnes (MT) of solid waste every day, which is higher than many countries’ total daily waste generation, Mr Y.S. Chowdary, Minister of State, Ministry of Science & Technology said at an ASSOCHAM event held in New Delhi today.

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Thursday, March 30, 2017

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