Press Releases

Index of Industrial Production (IIP) for July 2018

Wednesday, 12 September, 2018

New Delhi, 12 September 2018: Terming the latest estimates for Index of Industrial Production (IIP) as a positive sign towards the growth cycle of industrial activity in India, apex industry body ASSOCHAM today said that July 2018 IIP numbers state an optimistic outlook for the economy.

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Ayushman Bharat, other factors may help insurance industry grow to USD 280 bn by 2020: ASSOCHAM-APAS study

Sunday, 09 September, 2018

New Delhi, September 8, 2018: The Indian insurance industry is expected to grow to USD 280 billion by FY 2020 with the government’s flagship Ayushman Bharat – the National Health Protection Mission (AB-NHPM) and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country, according to an ASSOCHAM-APAS study.

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NHIDCL might use geothermal energy for powering energy needs of Zojila tunnel: MD

Tuesday, 04 September, 2018

New Delhi, 4th September, 2018: The National Highways and Infrastructure Development Corporation Limited (NHIDCL) which is executing Zojila Tunnel project in Jammu and Kashmir is thinking on lines of using geothermal energy for powering energy needs of tunnels as well as for heating them in winters, its managing director (MD), Mr Nagendra Nath Sinha said at an ASSOCHAM event held in New Delhi today.

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Communication, trade, financial services catch foreign investors’ fancy; attract over USD 20 bln FDI: ASSOCHAM

Sunday, 02 September, 2018

New Delhi, September 1, 2018: India's digital drive, riding on communication, IT and financial services has caught fancy of foreign investors, as reflected in over USD 20 billion Foreign Direct Investment (FDI) flowing in these sectors alone in the fiscal, 2017-18, claims an ASSOCHAM analysis.

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IT Industry must work in tandem with govt. for a secure cyberspace: Dr Gulshan Rai

Friday, 31 August, 2018

New Delhi, August 31, 2018: There is an urgent need to remove asymmetry to promote comprehensive and balanced growth in the cyber sector, National Cyber Security Coordinator, Dr Gulshan Rai said at an ASSOCHAM event held in New Delhi today.

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Job-oriented manufacturing, construction leading GDP growth is best part of data: ASSOCHAM President

Friday, 31 August, 2018

New Delhi, August 31, 2018: The best part about an impressive GDP growth of 8.2 per cent for the first quarter of the current fiscal is that it is being led by employment-intensive manufacturing which expanded by 13.5 per cent .Same is true about the construction which again is job-generating sector and grew by 8.7 per cent, said ASSOCHAM President Mr. Sandeep Jajodia.

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Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM

Sunday, 26 August, 2018

New Delhi, August 25, 2018: It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are witnessing rising imports and becoming a drag on the country's overall balance of trade situation , an ASSOCHAM analysis has noted.

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ASSOCHAM appoints former bureaucrat Uday Kumar Varma as Secretary General

Thursday, 23 August, 2018

New Delhi, 23rd August, 2018: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today appointed Shri Uday Kumar Varma as Secretary General.

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ASSOCHAM opens representative office in North America

Monday, 20 August, 2018

New Delhi, August 20, 2018: Apex industry body ASSOCHAM has opened a representative office in North America with a view to strengthen India Inc’s presence in the United States of America (USA).

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Kerala floods may have caused damage of Rs 20,000 crore: ASSOCHAM

Sunday, 19 August, 2018

New Delhi, August 18, 2018: With floods playing havoc in Kerala, the state, known as ‘God’s Own Country’ would have suffered massive economic losses, the estimates of which could well be Rs 15,000-20,000 crore with a staggered impact of a few months, mostly on tourism, cash crops, trade including international trade from Kochi and other ports, besides shaking the lives of millions of people, an ASSOCHAM quick assessment has indicated.

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