Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / GDP Can Touch 8.25% in 2016-17: CII President
GDP Can Touch 8.25% in 2016-17: CII President
09
Apr '16
Delineating emerging growth drivers, Dr Naushad Forbes, President, CII, pegged India's GDP growth rate for 2016-17 at 7.75 – 8.25 per cent.

“Strong macroeconomic fundamentals, favorable business sentiments, and downward trend in interest rates are significant positives for the economy. CII estimates that Government infrastructure investments and increased investments from the private sector will boost GDP growth to the 8 per cent range,” Dr Forbes, Co-Chairman, Forbes Marshall, said at his first press conference after taking charge as CII President on April 5.

Noting risk factors, Dr Forbes added that the external demand situation would have to be closely watched. A flat corporate performance, fiscal pressure from the Seventh Pay Commission and potential increase in oil prices in the coming year would be further risk factors.

With this mix of positive and risk factors, Dr Forbes announced the CII Theme for 2016-17 as 'Building National Competitiveness'.

The CII President delineated six key enablers for building national competitiveness and announced new CII action initiatives for the year for human development, ease of doing business, corporate integrate and good citizenship, innovation and technical capability, sustainability and integrating with the world.

For human development, CII will set up three Model Career Centers in Gurgaon, Mumbai and Chennai. A hundred district-level corporate training centers would be established in 2016-17, he said. CII will set up the CII University in Amaravati, the designated new capital of Andhra Pradesh. It would also work with the Government on taking 10 public and private universities to world class levels.

As for ease of doing business, Dr Forbes said CII would continuously monitor its progress. An industry-Trade Union dialogue would be started for better industrial relations.

CII is also launching the CII Model Code of Conduct and Code of Good Corporate Citizenship to guide members on ethical business.

CII proposes to establish India Design Center, Indian Industry IP Foundation, and a National Startup Center for non-IT rural entrepreneurship to boost innovation and technical capability. The Confederation called for targeting total R&D spending at 2 per cent of GDP with equal shares of public and private sectors.

In line with the country's commitment to reduce emissions intensity by a third by 2030, CII would undertake a national movement for doubling energy efficiency by that year. The Green Company rating, GreenCo, will be disseminated for adoption by all CII members over the next three years under its sustainability chapter.


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search