Press Releases

Modi 2.0 to bring in virtuous cycle of economic growth: ASSOCHAM

Thursday, 23 May, 2019

New Delhi, May 23, 2019: Congratulating Mr Narendra Modi for leading the NDA to a convincing victory in the Lok Sabha elections, ASSOCHAM President Mr B K Goenka today said, "An aspirational India has reposed great faith in Mr Modi's leadership. The ASSOCHAM will extend full support to his government to meet these aspirations by achieving higher economic growth through enhanced investment in manufacturing, rural and urban infrastructure, agriculture and social sectors, including health and education".

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‘Fairly robust’ economic agenda awaits new Govt: N K Singh, Fin Commission Chairman

Friday, 17 May, 2019

New Delhi, May 17, 2019: The new government at the Centre will have a ‘fairly robust’ economic agenda and need to support fiscal integrity and reforms, Chairman of the 15th Finance Commission, Mr N K Singh said at an ASSOCHAM conference in New Delhi today.

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Y C Deveshwar built ITC into an excellent corporate citizen, says ASSOCHAM President.

Saturday, 11 May, 2019

New Delhi, 11 May 2019 ; ASSOCHAM President Mr B K Goenka today said, he was ''deeply saddened by the demise of Mr Y C Deveshwar, the longest serving Chairman of ITC, who transformed the company into a well-diversified conglomerate with the highest degree of corporate governance, keeping CSR always a board room priority."

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ASSOCHAM reaches out to India Inc. for an enabling environment for working mothers

Friday, 10 May, 2019

New Delhi, 10th May 2019: Committing itself to women empowerment on International Mother's Day, the ASSOCHAM has reached out to its members and India Inc in general, emphasizing the need to provide a supportive environment for working mothers with facilities like childcare, flexible working hours and a transformation of the mindset towards women employees.

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India to have 859 million smartphones users in 2022: ASSOCHAM-PwC

Thursday, 09 May, 2019

New Delhi, 9th May 2019: The number of smartphone users in the country is expected to double to 859 million by 2022 from 468 million users in 2017 growing at a compound annual growth rate (CAGR) of 12.9%, according to an ASSOCHAM-PwC joint study.

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Kolkata Port should develop separate dock system to efficiently handle growing cargo from B’desh: ASSOCHAM

Wednesday, 08 May, 2019

Kolkata, 08th May 2019: Kolkata Port Trust (KPT) should develop separate Dock System with ship-to-shore handling facility in order to efficiently handle growing Bangladesh and coastal cargo, suggested an ASSOCHAM paper.

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Creditors recovered 195% of liquidation value of cos. under IBC: IBBI chief, Dr M.S. Sahoo

Saturday, 04 May, 2019

New Delhi, 04th May 2019: Creditors have received 195 per cent of the liquidation value of the companies which found resolution under the Insolvency and Bankruptcy Code (IBC), Dr M.S. Sahoo, chairperson, Insolvency and Bankruptcy Board of India (IBBI) said at an ASSOCHAM event in New Delhi today.

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Resolution for 94 stressed assets reached Rs 75K crore with 43% recovery rate as on 31st March ’19: ASSOCHAM-Crisil study

Friday, 03 May, 2019

New Delhi, 03rd May 2019: With a respectable recovery rate of 43 per cent, resolution for 94 stressed assets has been reached for Rs 75,000 crore as on March 31, 2019 out of Rs 1,75,000 crore total claim of financial creditors admitted under the Corporate Insolvency Resolution Process (CIRP) approved by the National Company Law Tribunal (NCLT), noted a just concluded ASSOCHAM-Crisil joint study.

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Govt. strongly focussed on attracting FDI to push economic growth: BJP spokesman

Tuesday, 30 April, 2019

New Delhi, 30th April 2019: With India facing significant shortage of equity capital, the government is focussed on attracting foreign direct investment (FDI) to create capital in the domestic economy, said Mr Gopal Krishna Agarwal, national spokesperson of Bharatiya Janata Party (BJP) and independent director, Bank of Baroda at an ASSOCHAM event in New Delhi today.

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