FICCI : Industry's Voice for Policy Change

Business Standard | Jul 13, 2023

FAME 3.0: Govt considering a renewed subsidy plan to support EV industry

Unsubscribe to continueThis is a subscriber only feature Subscribe Now to get daily updates on WhatsAppGovernments around the world are doling out subsidies to support the shift to cleaner fuel, with a special emphasis on electric vehiclesFirst Published: Jul 13 2023 | 10:20 AM ISTCompaniesPoliticsTechnologyWorld News

Content Media Solution | Jul 08, 2023

Efficient Maintenance Systems key to Sustainable Industrial Growth: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries

New Delhi, July 08, 2023: Dr. Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth.“Maintenance is what drives customer satisfaction. We are working for customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working,” said Dr Qureshi.Dr. Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. The ministry is in consultation with industry on this, he added.On occasion, Mr. Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS), alluded to the importance of standards and digitalization in achieving sustainable industrial growth and maintenance.“In line with our honourable Prime Minister’s call for speed, skill, and scale, we are adding the fourth ‘S’ for standardization,” Mr. Sharma remarked. “Standards play an integral role in the growth and development of a nation.”Standards define the quality of goods and services, ensuring their safety, performance, reliability, and durability. However, their role is expanding from simply guaranteeing ‘viable quality’ to promoting ‘virtuous quality’, considering aspects like environmental sustainability and support for the circular economy.With the rise of these emerging technologies, Sharma highlighted the importance of aligning our standards to match. He mentioned the prospects of digital calibration certificates, digital conformity assessments, and digital product passport. “Our standards must keep pace to enable these emerging technologies to benefit society.”The BIS is closely monitoring international developments, committed to providing state-of-the-art smart standards for India. Sharma concluded with two fundamental questions: “Are we doing the things right, or are we doing the right things? Standards can help answer these questions.”Mr. Shyam Bang, Chairman of FICCI’s Manufacturing Excellence Taskforce and former Chairman of NABCB, spotlighted the importance of several factors in achieving manufacturing excellence, including maintenance, an element often undervalued in boardroom discussions. He stressed maintenance’s crucial role in enabling the uninterrupted production of quality products.Maintenance activities like preventive maintenance, calibration of equipment, corrosion monitoring, and training of engineers and technicians are crucial for an organization’s efficiency and longevity. Bang noted the importance of recognizing the efforts of the maintenance teams, which were often overlooked despite their significant contribution. “We started the FICCI Awards for Excellence in Maintenance Systems to acknowledge their efforts,” Bang said.In his vote of thanks, Mr. V Sridhar, Chairman of the FICCI Working Group on Plant Maintenance, cast a new light on the traditionally underappreciated realm of maintenance operations. He highlighted its untapped potential in driving sustainable industrial growth. “Efficient maintenance systems extend beyond mere repairs and upkeep,” he stated, emphasizing that these systems incorporate proactive strategies, technological integration, and a comprehensive approach to resource optimization. “We can minimize unexpected breakdowns, lengthen the lifespan of machinery, and optimize production processes through a well-defined system,” Sridhar said. As we navigate the 21st century, the focus is shifting towards digitization and industry 4.0 – trends already moulding the industry’s future. By capitalizing on technologies such as analytics, machine learning, and artificial intelligence, businesses can scrutinise historical maintenance records, equipment performance data, and other pertinent information to discern patterns, forecast failures, and fine-tune maintenance schedules.Ms Jyoti VIj, Additional Director General, FICCI, also spoke on occasion. She emphasized the indispensable role of maintenance in driving industrial growth and sustainability.Attached: List of winners of the 1st FICCI Awards for Excellence in Maintenance SystemsYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Copyrights © 2021. 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KNN India | Jul 08, 2023

Extension of FAME scheme for EV industry likely

You are here: Home > Sectors > AutomobileNew Delhi, July 8 (KNN) The central government is considering to extend the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme or retain its benefits, said Hanif Qureshi, joint secretary at the Ministry of Heavy Industries, on Friday.The FAME scheme was introduced by the government in 2019 with the aim to encourage buyers to purchase EVs.Speaking at the Conference on Efficient Maintenance Systems for Sustainable Industrial Growth, Qureshi highlighted the importance of maintenance systems in driving customer satisfaction and sustainable industrial growth.“Maintenance is what drives customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working," he said.He underscored the rapid expansion of the automobile industry, which currently stands at an approximate value of USD 150 billion. During the event, Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS),said,” We are adding the fourth ‘S’ for standardization, in line with our Prime Minister’s call for speed, skill, and scale.”He emphasized that standards play a crucial role in the growth and development of a nation by defining the quality, safety, performance, reliability, and durability of goods and services. He further stressed the need for standards to promote environmental sustainability and support the circular economy.The conference was organised to shed light on the untapped potential of maintenance operations in driving sustainable industrial growth. KNN BureauNew Delhi, July 8 (KNN) The central government is considering to extend the Faster Adoption…Chennai, July 4 (KNN) The revenue of Indian tyre industry is likely to see…New Delhi, July 3 (KNN) Electric Vehicle (EV) producers are in touch with the…New Delhi, June 29 (KNN) Safety feature is the top most preferential feature that buyers…New Delhi, June 29 (KNN) The automobile industry in India has requested a 5…Your email address will not be published.Required fields are marked * Nicknames:* E-mail address:* Your website: Comment:

Business News This Week | Jul 08, 2023

Efficient Maintenance Systems Key to Sustainable Industrial Growth: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries

New Delhi, July 08, 2023: Dr. Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth.“Maintenance is what drives customer satisfaction. We are working for customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working,” said Dr Qureshi.Dr. Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. The ministry is in consultation with industry on this, he added.On occasion, Mr. Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS), alluded to the importance of standards and digitalization in achieving sustainable industrial growth and maintenance.“In line with our honourable Prime Minister’s call for speed, skill, and scale, we are adding the fourth ‘S’ for standardization,” Mr. Sharma remarked. “Standards play an integral role in the growth and development of a nation.”Standards define the quality of goods and services, ensuring their safety, performance, reliability, and durability. However, their role is expanding from simply guaranteeing ‘viable quality’ to promoting ‘virtuous quality’, considering aspects like environmental sustainability and support for the circular economy.With the rise of these emerging technologies, Sharma highlighted the importance of aligning our standards to match. He mentioned the prospects of digital calibration certificates, digital conformity assessments, and digital product passport. “Our standards must keep pace to enable these emerging technologies to benefit society.”The BIS is closely monitoring international developments, committed to providing state-of-the-art smart standards for India. Sharma concluded with two fundamental questions: “Are we doing the things right, or are we doing the right things? Standards can help answer these questions.”Mr. Shyam Bang, Chairman of FICCI’s Manufacturing Excellence Taskforce and former Chairman of NABCB, spotlighted the importance of several factors in achieving manufacturing excellence, including maintenance, an element often undervalued in boardroom discussions. He stressed maintenance’s crucial role in enabling the uninterrupted production of quality products.Maintenance activities like preventive maintenance, calibration of equipment, corrosion monitoring, and training of engineers and technicians are crucial for an organization’s efficiency and longevity. Bang noted the importance of recognizing the efforts of the maintenance teams, which were often overlooked despite their significant contribution. “We started the FICCI Awards for Excellence in Maintenance Systems to acknowledge their efforts,” Bang said.In his vote of thanks, Mr. V Sridhar, Chairman of the FICCI Working Group on Plant Maintenance, cast a new light on the traditionally underappreciated realm of maintenance operations. He highlighted its untapped potential in driving sustainable industrial growth. “Efficient maintenance systems extend beyond mere repairs and upkeep,” he stated, emphasizing that these systems incorporate proactive strategies, technological integration, and a comprehensive approach to resource optimization. “We can minimize unexpected breakdowns, lengthen the lifespan of machinery, and optimize production processes through a well-defined system,” Sridhar said. As we navigate the 21st century, the focus is shifting towards digitization and industry 4.0 – trends already moulding the industry’s future. By capitalizing on technologies such as analytics, machine learning, and artificial intelligence, businesses can scrutinise historical maintenance records, equipment performance data, and other pertinent information to discern patterns, forecast failures, and fine-tune maintenance schedules.Ms Jyoti VIj, Additional Director General, FICCI, also spoke on occasion. She emphasized the indispensable role of maintenance in driving industrial growth and sustainability.Attached: List of winners of the 1st FICCI Awards for Excellence in Maintenance Systems10 blockbuster launches on Amazon.in this Prime DaySatbet App – is New in its FieldFind out the best online casinos for real money in the USA on NewsBTCMedia Bulletins Content Media SolutionOnline Media CafeBiz News DeskSmart Business NewsBusiness News This WeekEmail: neelakanthap@gmail.com.WhatsApp & Voice: +91-9938772605 Copyright © 2022 | Business News This Week

The Economic Times | Jul 08, 2023

Centre looking to extend FAME II

Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!Indian shares shrugged off Thursday’s selloff in global equities, with the country’s leading equity benchmarks resuming their ascent and extending their record-breaking run with both indices advancing 0.5%.Google has told the Supreme Court that the Competition Commission of India (CCI) relied on “unreliable and uncorroborated” statements from Amazon and Mozilla to pass orders against it for abuse of dominance in the Android market space.The Indian economy has carried the sound momentum attained in the last fiscal year into FY24 as well, the finance ministry said on Thursday in an annual review. Besides, the government’s capital expenditure push is now crowding in private investment, the ministry said.Download The Economic Times News App to get Daily Market Updates & Live Business News.Trending NowHot on WebIn Case you missed itTop CalculatorsTop DefinitionsTop Searched CompaniesTop CommoditiesTop Prime ArticlesTop Story ListingTop SlideshowTop VideosPrivate CompaniesFollow us on:Find this comment offensive?Choose your reason below and click on the Report button. This will alert our moderators to take actionReason for reporting:Your Reason has been Reported to the admin.Log In/Connect with:Will be displayedWill not be displayedWill be displayedWorry not. You’re just a step away.Read this story for free.Unlock your 30 days free access to ETPrime now.Login to unlock*No card details required.To read full story, subscribe to ET Prime₹34 per week Billed annually at ₹2499 ₹1749Super Saver Sale - Flat 30% OffOn ET Prime Membership---Subscribe Now(Credit card mandatory)You can cancel your subscription anytime---Subscribe Now(Pay Using Netbanking/UPI/Debit Card)₹399/monthMonthly PLAN Billed Amount ₹399No Trial Period₹208/month(Save 49%)Yearly PLAN Billed Amount ₹2,49915 Days Trial +Includes DocuBay and TimesPrime Membership.₹150/month(Save 63%)2-Year PLAN Billed Amount ₹3,59915 Days Trial +Includes DocuBay and TimesPrime Membership.Quarterly$13.997 Days TrialYearly(Save 40.0%)$33.9915 Days TrialGet ET Prime for just ₹2499 ₹1749/yrOffer Exclusively For YouGet Flat 30% OffON ET PRIME MEMBERSHIPOffer Exclusively For YouGet 1 Year FreeWith 1 and 2-Year ET prime membershipOffer Exclusively For YouGet 1 Year FreeWith 1 and 2-Year ET prime membershipOffer Exclusively For YouGet Flat 40% OffThen ₹ 1749 for 1 yearOffer Exclusively For YouET Prime at ₹ 49 for 1 monthThen ₹ 1749 for 1 yearETPrime Prices Rising SoonGet 1 Year Free + ₹1500 OffAccess the exclusive Economic Times stories, Editorial and Expert opinionOffer Exclusively For YouGet Flat 30% OffON ET PRIME MEMBERSHIPOffer Exclusively For YouGet 1 Year FreeWith 1 and 2-Year ET prime membershipOffer Exclusively For YouGet 1 Year FreeWith 1 and 2-Year ET prime membershipOffer Exclusively For YouGet Flat 40% OffThen ₹ 1749 for 1 yearOffer Exclusively For YouET Prime at ₹ 49 for 1 monthThen ₹ 1749 for 1 yearETPrime Prices Rising SoonGet 1 Year Free + ₹1500 Off90 Days Prime access worth Rs999 unlocked for youExclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectorsStock analysis. Market Research. Industry Trends on 4000+ StocksGet 1 Year Complimentary Subscription of TOI+ worth Rs.799/-Stories you might be interested in

Capital Market | Jul 07, 2023

Government exploring extension of FAME scheme

Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth. Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India or FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date. Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements. While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance. The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead. For the best experience please go back to portrait mode.

The Machinist | Jul 07, 2023

Union Ministry of Heavy Industries emphasises maintenance systems for customer satisfaction and sustainable industrial growth

By Guest Author, Added 07 July 2023 Keynote speakers at FICCI event highlight the significance of maintenance in achieving manufacturing excellence, standards, and resource optimization for sustainable industrial growth. Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth."Maintenance is what drives customer satisfaction. We are working for customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working," said Qureshi. Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26 per cent by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. The ministry is in consultation with industry on this, he added. On occasion, Rajeev Sharma, Scientist-F & Deputy Director General, Bureau of Indian Standards (BIS), alluded to the importance of standards and digitalisation in achieving sustainable industrial growth and maintenance. “In line with our honourable Prime Minister's call for speed, skill, and scale, we are adding the fourth 'S' for standardisation,” Sharma remarked. “Standards play an integral role in the growth and development of a nation.”Standards define the quality of goods and services, ensuring their safety, performance, reliability, and durability. However, their role is expanding from simply guaranteeing 'viable quality' to promoting 'virtuous quality', considering aspects like environmental sustainability and support for the circular economy. With the rise of these emerging technologies, Sharma highlighted the importance of aligning our standards to match. He mentioned the prospects of digital calibration certificates, digital conformity assessments, and digital product passport. “Our standards must keep pace to enable these emerging technologies to benefit society.”The BIS is closely monitoring international developments, committed to providing state-of-the-art smart standards for India. Sharma concluded with two fundamental questions: “Are we doing the things right, or are we doing the right things? Standards can help answer these questions.”Shyam Bang, Chairman of FICCI's Manufacturing Excellence Taskforce and former Chairman of NABCB, spotlighted the importance of several factors in achieving manufacturing excellence, including maintenance, an element often undervalued in boardroom discussions. He stressed maintenance's crucial role in enabling the uninterrupted production of quality products. Maintenance activities like preventive maintenance, calibration of equipment, corrosion monitoring, and training of engineers and technicians are crucial for an organisation's efficiency and longevity. Bang noted the importance of recognising the efforts of the maintenance teams, which were often overlooked despite their significant contribution. “We started the FICCI Awards for Excellence in Maintenance Systems to acknowledge their efforts,” Bang said. In his vote of thanks, V Sridhar, Chairman, FICCI Working Group on Plant Maintenance, cast a light on the underappreciated realm of maintenance operations. He highlighted its untapped potential in driving sustainable industrial growth. "Efficient maintenance systems extend beyond mere repairs and upkeep," he stated, emphasising that these systems incorporate proactive strategies, technological integration, and a comprehensive approach to resource optimisation. "We can minimise unexpected breakdowns, lengthen the lifespan of machinery, and optimise production processes through a well-defined system," Sridhar said. As we navigate the 21st century, the focus is shifting towards digitisation and industry 4.0 - trends already moulding the industry's future.Jyoti VIj, Additional Director General, FICCI, also spoke on occasion. She emphasised the indispensable role of maintenance in driving industrial growth and sustainability. Latest Updates & News Article Copyright © 2015-16 THE MACHINIST. All Rights Reserved.

Capital Market | Jul 07, 2023

Government exploring extension of FAME scheme

Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth. Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India or FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date. Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements. While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance. The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead. For the best experience please go back to portrait mode.

Ten News | Jul 07, 2023

Government in Consultation with Industry to explore the extension of FAME, or prolonging its benefits: Dr Hanif Qureshi

Publisher - Ten News Network New Delhi, July 7, 2023: Dr Hanif Qureshi, Joint Secretary, Union Ministry of Heavy Industries, underscored the significance of maintenance systems in driving customer satisfaction and sustainable industrial growth during his keynote speech at the 1st FICCI Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth. “Maintenance is what drives customer satisfaction. We are working for customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working,” said Dr Qureshi. Dr Qureshi underscored the rapid expansion of the automobile industry, which is currently valued at approximately $150 billion. He highlighted the anticipated growth of the electric vehicle (EV) segment within this sector, with a predicted compound annual growth rate (CAGR) of 26% by 2030. This impressive growth, he explained, is primarily driven by supportive policies. He also mentioned the upcoming end of the FAME scheme in March 2024, stating that the government is now contemplating prolonging the scheme or somehow retaining its benefits. The ministry is in consultation with industry on this, he added. On occasion, Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS), alluded to the importance of standards and digitalisation in achieving sustainable industrial growth and maintenance. “In line with our honourable Prime Minister’s call for speed, skill, and scale, we are adding the fourth ‘S’ for standardisation,” Sharma remarked. “Standards play an integral role in the growth and development of a nation.” Standards define the quality of goods and services, ensuring their safety, performance, reliability, and durability. However, their role is expanding from simply guaranteeing ‘viable quality’ to promoting ‘virtuous quality’, considering aspects like environmental sustainability and support for the circular economy. With the rise of these emerging technologies, Sharma highlighted the importance of aligning our standards to match. He mentioned the prospects of digital calibration certificates, digital conformity assessments, and digital product passport. “Our standards must keep pace to enable these emerging technologies to benefit society.” The BIS is closely monitoring international developments, committed to providing state-of-the-art smart standards for India. Sharma concluded with two fundamental questions: “Are we doing the things right, or are we doing the right things? Standards can help answer these questions.” Shyam Bang, Chairman of FICCI’s Manufacturing Excellence Taskforce and former Chairman of NABCB, spotlighted the importance of several factors in achieving manufacturing excellence, including maintenance, an element often undervalued in boardroom discussions. He stressed maintenance’s crucial role in enabling the uninterrupted production of quality products.Maintenance activities like preventive maintenance, calibration of equipment, corrosion monitoring, and training of engineers and technicians are crucial for an organisation’s efficiency and longevity. Bang noted the importance of recognising the efforts of the maintenance teams, which were often overlooked despite their significant contribution. “We started the FICCI Awards for Excellence in Maintenance Systems to acknowledge their efforts,” Bang said. In his vote of thanks, V Sridhar, Chairman of the FICCI Working Group on Plant Maintenance, cast a new light on the traditionally underappreciated realm of maintenance operations. He highlighted its untapped potential in driving sustainable industrial growth. “Efficient maintenance systems extend beyond mere repairs and upkeep,” he stated, emphasising that these systems incorporate proactive strategies, technological integration, and a comprehensive approach to resource optimisation. “We can minimise unexpected breakdowns, lengthen the lifespan of machinery, and optimise production processes through a well-defined system,” Sridhar said. As we navigate the 21st century, the focus is shifting towards digitisation and industry 4.0 – trends already moulding the industry’s future. By capitalising on technologies such as analytics, machine learning, and artificial intelligence, businesses can scrutinise historical maintenance records, equipment performance data, and other pertinent information to discern patterns, forecast failures, and fine-tune maintenance schedules. Jyoti VIj, Additional Director General, FICCI, also spoke on occasion. She emphasised the indispensable role of maintenance in driving industrial growth and sustainability. List of Awardee of 1st FICCI Awards for Excellence in Maintenance SystemsConfidential As of NowTotal 11 Awards across sector (Manufacturing, Construction, Power & Mining) Prev Post realme launches the Stylish realme narzo 60 Series 5G and the revolutionary realme Buds Wireless 3Next Post Show On Mirzapur’s Women Who Dressed Up India’s New Parliament To Open In Delhi Delhi Govt Issues Flood Warning as Haryana Discharges Massive Water Volume into… With incessant heavy rains, Delhi breaks record of 10-years Asheesh Sushil Choudhery- The Youth Icon whose motto is Humanity & Transformation Civil Aviation Minister to inaugurate Delhi Aiport’s 4th runway Your email address will not be published.Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. 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Live Mint | Jul 07, 2023

Govt in talks with industry on extension of FAME scheme, says official

New Delhi: The central government is engaged in consultations with industry stakeholders to consider extending the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme or retaining its benefits, said Hanif Qureshi, joint secretary at the Ministry of Heavy Industries, on Friday. FAME is a subsidy scheme introduced in 2019 for a period of three years, which extended for another two years up to 31 March 2024, and provides incentives to buyers of electric vehicles to enable wider adoption. Speaking at the first Ficc Awards for Excellence in Maintenance Systems and Conference on Efficient Maintenance Systems for Sustainable Industrial Growth, Qureshi highlighted the importance of maintenance systems in driving customer satisfaction and sustainable industrial growth. “Maintenance is what drives customer satisfaction. We want people to get a good product at competitive prices and high quality, which is the end for which we are working," said Qureshi during his keynote speech. He underscored the rapid expansion of the automobile industry, which currently stands at an approximate value of $150 billion. Qureshi also emphasized the projected growth of the electric vehicle (EV) segment within the industry, with a predicted compound annual growth rate (CAGR) of 26% by 2030. He attributed this growth to supportive policies and mentioned that the FAME scheme is set to end in March 2024. As a result, the government is exploring the possibility of extending the scheme or retaining its benefits in consultation with industry stakeholders. Also present at the event was Rajeev Sharma, Scientist-F & Deputy Director General of the Bureau of Indian Standards (BIS), who highlighted the significance of standards and digitalization in achieving sustainable industrial growth and maintenance. “We are adding the fourth ‘S’ for standardization, in line with our honorable Prime Minister’s call for speed, skill, and scale," said Sharma. He emphasized that standards play a crucial role in the growth and development of a nation by defining the quality, safety, performance, reliability, and durability of goods and services. He further stressed the need for standards to promote environmental sustainability and support the circular economy. Shyam Bang, chairman of FICCI’s Manufacturing Excellence Taskforce, emphasized the pivotal role of maintenance in achieving manufacturing excellence. He emphasized the importance of maintenance activities, such as preventive maintenance, calibration of equipment, and training of engineers and technicians, in ensuring uninterrupted production of high-quality products. The conference also shed light on the untapped potential of maintenance operations in driving sustainable industrial growth. V Sridhar, chairman of the FICCI Working Group on Plant Maintenance, emphasized the need for proactive strategies, technological integration, and comprehensive resource optimization in efficient maintenance systems. He emphasized the utilization of advanced technologies, including analytics, machine learning, and artificial intelligence, to optimize maintenance schedules and improve productivity.Download the Mint app and read premium storiesLog in to our website to save your bookmarks. It'll just take a moment.You are just one step away from creating your watchlist!Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.Your session has expired, please login again.You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp

IBEF | Mar 14, 2023

India's manufacturing growth to continue in Q4, says FICCI survey

Entrepreneur India | Mar 14, 2023

Average Interest Rate paid by manufacturers rise to 9.38% : FICCI

Orissa Diary | Mar 14, 2023

Growth continues in Q-4 supported by better capacity utilization and Investment Outlook: FICCI Manufacturing Survey

Outlook | Mar 14, 2023

Average Interest Rate paid by manufacturers in January-March rises to 9.38%: FICCI Survey

BQ Prime | Mar 13, 2023

Average Interest Rate paid by manufacturers in March Quarter rises to 9.38%: FICCI

ANI News | Mar 13, 2023

There are signs cost pressures in manufacturing sector softening: FICCI survey

Goa Chronicle | Mar 13, 2023

Growth continues in Q-4 supported by better capacity utilization & investment outlook: FICCI Survey

United News of India | Mar 13, 2023

Growth continues in Q-4 supported by better capacity utilization & investment outlook: FICCI Survey

The Print | Mar 13, 2023

There are signs cost pressures in manufacturing sector softening: FICCI survey

Devdiscourse | Mar 13, 2023

There are signs cost pressures in manufacturing sector softening: FICCI survey

Latest LY | Mar 13, 2023

There are signs cost pressures in Manufacturing Sector Softening: FICCI Survey

Lokmat Times | Mar 13, 2023

There are signs cost pressures in manufacturing sector softening: FICCI survey

KNN | Mar 13, 2023

Manufacturing growth to continue in Q4 with relaxation in cost pressure: FICCI Survey

Policenama | Mar 13, 2023

Growth continues in Q-4 supported by better capacity utilization & Investment Outlook: FICCI Survey

News Drum | Mar 13, 2023

Average interest rate paid by manufacturers in Jan-Mar rises to 9.38%: FICCI Survey

Business Standard | Mar 13, 2023

India's manufacturing growth to continue in Q4, says FICCI survey

Financial Express | Mar 13, 2023

Average interest rate paid by manufacturers in January-March rises to 9.38 pc: FICCI Survey

The Hindu Business Line | Mar 13, 2023

FICCI Manufacturing Survey : Cost pressures abating, sustained growth momentum expected for March quarter

Live Mint | Mar 13, 2023

Manufacturing growth continues in Q4: report

Journey Line | Nov 08, 2022

Manufacturing sector growth to sustain in months to come: FICCI survey

News 18 | Nov 08, 2022

Manufacturing growth momentum picked up in Few Months to continue for 6-9 Months: FICCI

Bharat Times | Nov 08, 2022

Manufacturing growth momentum picked up in Few Months to continue for 6-9 Months: FICCI

The Machinist | Nov 08, 2022

Manufacturing sector growth to sustain in coming months: FICCI Survey

The Financial Express | Nov 08, 2022

Manufacturing to sustain growth momentum for next 6-9 months: FICCI survey

The Economic Times | Nov 08, 2022

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey

The Economic Times | Nov 08, 2022

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey

The Pioneer | Nov 08, 2022

‘India’s manufacturing sector to sustain growth momentum for next 6-9 months’

Business Insider | Nov 07, 2022

Manufacturing sector's growth momentum to sustain for 6-9 months: FICCI

The Times Bureau | Nov 07, 2022

India's Manufacturing Sector's Growth is expected to continue Business Survey

News 8H | Nov 07, 2022

India's momentum in Manufacturing Sector expected to continue: Industry Survey

Orissa Diary | Nov 07, 2022

Manufacturing Sector growth to Sustain in coming months: FICCI Survey

Business Standard | Nov 07, 2022

Manufacturing picked up in Sept qtr, may sustain for 6-9 mths: FICCI study

The Hindu Business Line | Nov 07, 2022

Manufacturing growth to sustain in next 2-3 quarters: FICCI Survey

Hindustan Times | Nov 07, 2022

Indian manufacturing confident of sustaining growth despite headwinds: Survey

Live Mint | Nov 07, 2022

India's manufacturing sector may sustain growth for more 8-9 months: Survey

The Hindu | Nov 07, 2022

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey

Millennium Post | Nov 07, 2022

India's manufacturing sector to sustain growth momentum for next 6-9 months: Survey

ANI News | Nov 07, 2022

Manufacturing sector growth to sustain in months to come: FICCI survey

CNBC TV18 | Nov 07, 2022

Who pays the highest interest, who plans to hire the most - takeaways from the latest survey of Indian manufacturers

NDTV Profit | Nov 07, 2022

India's momentum in Manufacturing Sector expected to continue: Industry Survey

Fortune India | Nov 07, 2022

Manufacturing growth to sustain for next 6-9 months: FICCI

ABP Live | Nov 07, 2022

Manufacturing Sector to Sustain Growth Momentum for Next 6-9 Months: Survey

The Print | Nov 07, 2022

Manufacturing sector growth to sustain in months to come: FICCI survey

News9live | Nov 07, 2022

Manufacturing sector growth here to stay, shows FICCI survey

KNN | Nov 07, 2022

Growth in manufacturing sector to withstand for 6-7 months: FICCI

The Economic Times | Nov 07, 2022

Manufacturing sector growth momentum likely to sustain in coming months: FICCI survey

adda247 | Nov 07, 2022

FICCI survey: Manufacturing to maintain its growing trend

Sirf News | Nov 07, 2022

Manufacturing looks up but manufacturers want more: FICCI survey

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India's manufacturing sector to sustain growth momentum for 6-9mths: Survey

Beam Start | Nov 07, 2022

Manufacturing picked up in Sept qtr, may sustain for 6-9 mths: FICCI study

Quick Telecast | Nov 07, 2022

Manufacturing picked up in Sept Qtr, may sustain for 6-9 Mths: FICCI Study

Live Mint | Sep 23, 2022

Global fragrance self-regulatory body sets up India operations

Business North East | Sep 23, 2022

After Kannauj, fragrance technology centre coming up in Imphal

KNN | Sep 23, 2022

26,000 MSMEs registered under fragrance and flavour sector so far

MENAFN | Sep 23, 2022

26,000 MSMEs Registered under Fragrance and Flavour sector so far

The Local Report | Sep 23, 2022

Global fragrance self-regulatory body sets up India operations

Pehal News | Sep 23, 2022

Global fragrance self-regulatory body sets up India operations

The Nations | Sep 23, 2022

International perfume self-regulatory physique units up India operations

Millennium Post | Sep 22, 2022

'Second Technology Centre for Fragrance been set up in Imphal'

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2nd Technology Centre For Fragrance Been Set Up In Imphal, Manipur: Secretary MSME

Ten News | Sep 22, 2022

2nd Technology Centre For Fragrance Been Set Up In Imphal, Manipur: Secretary MSME

Orissa Diary | Sep 22, 2022

2nd Technology Centre for Fragrance been set up in Imphal, Manipur: Secretary MSME

Financial Express | Sep 22, 2022

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Business Standard | Aug 27, 2022

India needs to include more R&D in newer technologies

Business Journal | Aug 27, 2022

India needs to include more R&D in newer technologies

Capital Market | Aug 27, 2022

India needs to include more R&D in newer technologies

Business Dunia | Aug 27, 2022

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KNN | Aug 26, 2022

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MENAFN | Aug 26, 2022

Scientific Adviser to GoI calls for R&D investments in Tier 2-3 cities

The Media Coffee | Jun 22, 2022

Employment outlook improves in manufacturing sector: FICCI survey

Spot Latest | Jun 21, 2022

FICCI says Growth momentum has begun and employment has enhanced in manufacturing sector

Elets Online News | Jun 21, 2022

FICCI says employment outlook looks improving for manufacturing sector

Logistics Insider | Jun 21, 2022

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The Switzerland Times | Jun 20, 2022

Positive job Outlook in June Quarter 2022-23: Report

Lok Janta | Jun 20, 2022

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The Local Report | Jun 20, 2022

Employment Outlook positive during June Quarter of 2022-23: Report

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Positive Employment Outlook in June Quarter 2022-23: Report

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Employment Outlook improves in Manufacturing Sector: FICCI Survey

India Today | Jun 20, 2022

Growth momentum continues, employment outlook improving: FICCI on manufacturing sector

Europe Times News | Jun 20, 2022

Positive job outlook in June Quarter 2022-23: Report

Capital Market | Jun 20, 2022

Growth momentum continues in India's Manufacturing Sector says FICCI

KNN | Jun 20, 2022

Hiring to improve in manufacturing sector as growth gains momentum: FICCI

Daily News 369 | Jun 20, 2022

Employment outlook constructive throughout June Quarter of 2022-23: Report

India States Times | Jun 20, 2022

Employment outlook improves in manufacturing sector: FICCI Survey

The AU Times | Jun 20, 2022

Positive Job Outlook in June Quarter 2022-23: Report

Technical News | Jun 20, 2022

Employment Outlook positive during June Quarter of 2022-23: Report

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Employment Outlook positive during June Quarter of 2022-23: Report

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Employment Outlook positive during June Quarter of 2022-23: Report

NDTV Profit | Jun 20, 2022

Employment outlook positive during June Quarter of 2022-23: Report

Business Standard | Jun 20, 2022

Growth Momentum Continues In Manufacturing Sector: FICCI Report

Business Standard | Jun 20, 2022

Growth Momentum Continues In India's Manufacturing Sector Says FICCI

The New Indian Express | Jun 20, 2022

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Fortune India | Jun 20, 2022

Indian manufacturing continues growth momentum amid uncertainties: FICCI survey

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The Times Bureau | Jun 20, 2022

Positive Employment Prospects in the June Quarter of 2022-23: Report

Mobility Outlook | Jun 20, 2022

Manufacturing in Automotive Sector to Register moderate growth - FICCI

Digi Hunt | Jun 20, 2022

Employment Outlook positive during June Quarter of 2022-23: Report

Indian Lekhak | Jun 20, 2022

Employment outlook positive during June quarter of 2022-23: Report

News Tinger | Jun 20, 2022

Employment Outlook positive during June Quarter of 2022-23: Report

Indian Whispers | Jun 19, 2022

Growth Momentum continues, employment outlook improves in Manufacturing sector: FICCI Survey

United News of India | Jun 19, 2022

Employment outlook improves in manufacturing sector: FICCI Survey

United News of India | Jun 19, 2022

Growth Momentum Continues, Employment Outlook Improves in Manufacturing sector: Survey

Orissa Diary | Jun 19, 2022

Growth Momentum continues, employment outlook improves in Manufacturing Sector: FICCI Survey

Goad News | Jun 19, 2022

Growth momentum continues in the manufacturing sector, improving hiring prospects after a long gap: FICCI survey

Prameya News | Jun 19, 2022

Growth momentum continues, employment outlook improves in manufacturing sector: FICCI Survey

The Statesman | Jun 19, 2022

Employment outlook improves in manufacturing sector: FICCI survey

Ten News | Jun 19, 2022

Growth Momentum continues, Employment Outlook improves in Manufacturing Sector: FICCI Survey

Good Word News | Jun 19, 2022

Growth momentum continues in the manufacturing sector, improving hiring prospects after a long gap: FICCI survey

CNBC TV18 | Jun 19, 2022

Growth momentum continues in manufacturing sector, improvement in hiring outlook after a long gap: FICCI survey

Eminetra | Sep 18, 2021

India’s manufacturing outlook rises in the second quarter of 2010, operating costs rise: FICCI

fibre2fashion | Sep 18, 2021

ndian manufacturing outlook rises in Q2 FY22, business cost up: FICCI

BWCFO | Sep 15, 2021

Manufacturing in Q2 improves; cost of doing business rises: FICCI Survey

Opera News | Sep 14, 2021

Outlook for Q-2 manufacturing rises significantly: FICCI Manufacturing Survey

Daily Excelsior | Sep 14, 2021

Outlook for Q-2 manufacturing rises significantly: FICCI Manufacturing Survey

Business Standard | Sep 13, 2021

Q2 manufacturing outlook seen improving, cost of biz a worry: FICCI Survey

News Innings | Sep 13, 2021

Factory output up significantly in Q2: FICCI Survey

My Droll | Sep 13, 2021

Factory output up significantly in Q2: FICCI Survey

CNBC TV18 | Sep 13, 2021

Is India's economy on the mend? Experts discuss on exports, imports, business outlook and more

ET HR World | Sep 13, 2021

Hiring outlook for manufacturing sector remains subdued

Money9 | Sep 13, 2021

Q2 factory output improves significantly: FICCI survey

United News of India | Sep 13, 2021

Outlook for Q-2 manufacturing rises significantly; FICCI Manufacturing Survey

SME Times | Sep 13, 2021

Hiring outlook for manufacturing sector remains subdued

Yahoo News | Sep 13, 2021

Business outlook improves significantly in India; majority of companies reporting higher production: FICCI Survey

Shortpedia | Sep 13, 2021

FICCI survey reveals cost of doing business and production increasing for majority of companies in India

Swarajya | Sep 13, 2021

Business Outlook Improves Significantly In India; Majority Of Companies Reporting Higher Production: FICCI Survey

Investing.com | Sep 13, 2021

Manufacturing outlook good but cost of business rising: FICCI Survey

Journey Line | Sep 13, 2021

Q2 manufacturing outlook improves; cost of doing biz rises: FICCI survey

Top 365 | Sep 13, 2021

Manufacturing outlook good but cost of business rising: FICCI Survey

sify.com | Sep 13, 2021

Hiring outlook for manufacturing sector remains subdued

Financial Samachar | Sep 13, 2021

Outlook for Q-2 Manufacturing Rises Significantly: FICCI Manufacturing Survey

The Telegraph Online | Sep 13, 2021

Outlook for manufacturing in Q2 improves significantly: FICCI survey

India Today | Sep 12, 2021

Cost of doing business, production rising for majority of companies across India: FICCI survey

Business Today | Sep 12, 2021

Q2 manufacturing outlook improves significantly; cost of doing biz rises: FICCI survey

Outlook | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

NDTV Profit | Sep 12, 2021

FICCI's Survey shows rise in production activities during September Quarter of 2021-22

Money Control | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing business rises: FICCI survey

United News of India | Sep 12, 2021

Outlook for Q-2 Manufacturing rises significantly: FICCI Manufacturing Survey

Business Journal | Sep 12, 2021

Q2 manufacturing outlook improves; cost of doing biz rises: FICCI survey

News Microsoft | Sep 12, 2021

MSME producers search speedy coverage implementation, decrease rates of interest to spice up restoration: FICCI survey

The Free Press Journal | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

The Free Press Journal | Sep 12, 2021

Hiring outlook for manufacturing sector remains subdued, says FICCI suvery

Business Insider | Sep 12, 2021

Outlook for manufacturing sector improves in second quarter, high cost of production causing worry, says FICCI survey

Canada Express News | Sep 12, 2021

FICCI survey shows increase in production activities in the quarter of September 2021-2022

Daily News Catch | Sep 12, 2021

FICCI's Survey shows rise in production activities during September Quarter Of 2021-22

The Times of Truth | Sep 12, 2021

MSME producers search speedy coverage implementation, decrease rates of interest to spice up restoration: FICCI survey

News Robin | Sep 12, 2021

Q2 manufacturing outlook improves; value of doing biz rises: FICCI survey

The World Stock Markets | Sep 12, 2021

FICCI Survey shows rise in production activities in September Quarter

Humming Zone | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

The Bharat Express News | Sep 12, 2021

FICCI survey shows increase in production activities in the quarter of September 2021-2022

The New Zealand Times | Sep 12, 2021

FICCI survey shows increase in production activities in the quarter of September 2021-2022

The New Zealand Times | Sep 12, 2021

FICCI survey shows increase in production activities in the quarter of September 2021-2022

Jonathan Desverney USA News | Sep 12, 2021

Factory output up significantly in Q2: FICCI Survey

Ten News | Sep 12, 2021

Outlook For Q-2 Manufacturing Rises Significantly: FICCI Manufacturing Survey

India News Republic | Sep 12, 2021

The manufacturing outlook for the second quarter improved significantly.Rising costs to do business: FICCI survey

Informational King | Sep 12, 2021

FICCI survey exhibits development in manufacturing actions throughout September quarter of 2021-22

My India News | Sep 12, 2021

Economic and construction activities improved in the second quarter, but due to expensive oil, doing business became expensive

Kaiserin | Sep 12, 2021

Q2 manufacturing outlook improves; value of doing biz rises: FICCI survey

Sales Ground | Sep 12, 2021

Manufacturing: Outlook for manufacturing in Q2 improves significantly; cost of doing biz rising: FICCI survey

News Concerns | Sep 12, 2021

Manufacturing: Outlook for Manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI Survey

E Prime Feed | Sep 12, 2021

MSME manufacturers seek speedy policy implementation, lower interest rates to boost recovery: FICCI survey

India Right Now News | Sep 12, 2021

Q2 manufacturing outlook improves; cost of doing biz rises: FICCI survey

News Logged | Sep 12, 2021

MSME manufacturers seek speedy policy implementation, lower interest rates to boost recovery: FICCI survey

The Indian Nation | Sep 12, 2021

FICCI's survey shows rise in production activities during September Quarter Of 2021-22

Techiai | Sep 12, 2021

FICCI's survey shows rise in production activities during September Quarter Of 2021-22

The Hindu Times | Sep 12, 2021

Manufacturing: Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

The Voice India News | Sep 12, 2021

FICCI's survey exhibits rise in manufacturing actions throughout September Quarter of 2021-22

Visionary Blogs | Sep 12, 2021

Q2 manufacturing outlook improves; cost of doing biz rises: FICCI survey

Toofaan Express | Sep 12, 2021

FICCI's Survey shows rise in production activities during September Quarter of 2021-22

Feedoo | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

Jhalak | Sep 12, 2021

Outlook for Q2 manufacturing improves; high cost of production causes worry

Enewsapp | Sep 12, 2021

The FICCI Survey displays an build up in manufacturing job within the September 2021-22 quarter

Khabri | Sep 12, 2021

FICCI's Survey shows rise in production activities during September Quarter of 2021-22

New On News | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

Verve Times | Sep 12, 2021

Manufacturing: Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI Survey

Verve Times | Sep 12, 2021

Manufacturing: Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI Survey

SocialNews.xyz | Sep 12, 2021

Hiring outlook for manufacturing sector remains subdued

Bharat Awaz | Sep 12, 2021

Outlook for manufacturing in Q2 improves considerably; value of doing biz rises: FICCI survey

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Q2 manufacturing outlook seen enhancing, value of biz a fear: FICCI Survey

Indian Lekhak | Sep 12, 2021

FICCI survey shows growth in production activities during September quarter of 2021-22

The News Caravan | Sep 12, 2021

Manufacturing improves for Q2, cost of production rises, reveals FICCI survey

Qudach | Sep 12, 2021

FICCI Survey shows rise in production activities in September Quarter

Press 24 News | Sep 12, 2021

Q2 Manufacturing outlook seen improving, cost of biz a worry: FICCI Survey

Public News | Sep 12, 2021

Factory output up significantly in Q2: FICCI Survey

Telugu Stop | Sep 12, 2021

Hiring outlook for manufacturing sector remains subdued

eKnowledge Central | Sep 12, 2021

FICCI's study exhibits increase in production routines in the course of September Quarter of 2021-22

newsd | Sep 12, 2021

Hiring outlook for manufacturing sector remains subdued

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FICCI survey shows rise in production activities in September Quarter

The Urban Press | Sep 12, 2021

FICCI's survey shows rise in production activities during September Quarter of 2021-22

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Factory output up significantly in Q2: FICCI Survey

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FICCI survey shows rise in production activities in September Quarter

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FICCI's survey reveals rise in manufacturing actions throughout September Quarter of 2021-22

Business Standard | Sep 12, 2021

Q2 manufacturing outlook improves; cost of doing biz rises: FICCI survey

Financial Express | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

Financial Express | Sep 12, 2021

MSME manufacturers seek speedy policy implementation, lower interest rates to boost recovery: FICCI survey

Deccan Herald | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

The Economic Times | Sep 12, 2021

Factory output up significantly in Q2: FICCI Survey

The Economic Times | Sep 12, 2021

Outlook for manufacturing in Q2 improves significantly; cost of doing biz rises: FICCI survey

Krishi Jagran | Aug 16, 2021

Second edition of Public Procurement Forum

CNBC TV18 | Apr 23, 2021

COVID hits manufacturing sector: Industry sees at least 25-30% demand destruction soon

Digital Terminal | Apr 14, 2021

Extensive Adoption of Excellence Models with digital technologies need of the hour in Indian Manufacturing: Survey

Orissa Diary | Apr 13, 2021

FICCI-EFESO launches first survey report of the Manufacturing Excellence in India – Current & Future Survey 2021

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Make in India through Industry 4.0 is an important transition in the manufacturing sector: Dr VK Saraswat

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India's manufacturing likely to regain lost momentum in Q4: FICCI

Orissa Diary | Mar 23, 2021

Manufacturing gaining lost momentum in Q-4: FICCI Manufacturing Survey

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'Manufacturing gaining lost momentum in Q-4'

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Manufacturing gaining lost momentum in Q-4: FICCI survey

Money Life | Mar 22, 2021

Manufacturing gaining lost momentum in Q-4: FICCI survey

India Narrative | Mar 22, 2021

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SocialNews.xyz | Mar 22, 2021

Manufacturing gaining lost momentum in Q-4: FICCI survey

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Manufacturing gaining lost momentum in Q-4: FICCI Survey

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India Manufacturing to regain lost momentum in Q4: FICCI Survey

Business Today | Mar 22, 2021

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Manufacturing gaining lost momentum in Q-4: FICCI survey

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Manufacturing.9..Thmb.jpg 'Manufacturing, exports to strengthen in Q4'

Media Brief | Feb 13, 2021

Expansive opportunity for Indian, global companies in Indian toy market: Smriti Irani

Smriti Zubin Irani, Minister for Women and Child Development and Textiles, Govt of India, said that there is expansive opportunity for both Indian as well as global companies to invest in the Indian toy sector.

Addressing the virtual 2nd edition of FICCI Seminar on Value of Play – Toys and Games in the New Normal Scenario, Irani said that we (Government and industry), under the aegis of FICCI Toys Committee, need to articulate incessantly on issues concerning the pedagogical impacts of toys. “One of the biggest challenges for the industry indigenously is the massive influx of toys from overseas. Given the current industry estimates, between $ 1-1.5 billion, to have most of their revenue from imported toys tells us the expansive opportunity that is before us,” she added.

Highlighting the impact of digital play during the pandemic, Irani urged the FICCI Toys Committee to help reflect on the digital play impact, especially on the consuming base in the country.

Irani stated that the National Education Policy also speaks about the joy of learning with toys. Children between the age of 3-8 years will learn with toys, transform their educational experiences such that outcomes are strengthened and better, she stated.

India, she said, has a large number of families in the middle-income group as one of the largest consuming sections. We should also explore the price points that can attract these consumers to toys that are Made in India, she added.

Speaking on India Toy Fair 2021, Irani said that over 1000 companies have come on board, including some of the biggest national and international brands. The Ministry of Education is engaging with states, schools, boards, and institutions for enhanced participation from the consumer of toys- parents and children. “Through this platform when a parent or child engages with the company to pick a toy, they will also have access to the map of India that has mapped toy needs and pedagogical impact of that toy, which is locally available from pre-school to higher education. This is first being done in our country,” she noted.

Irani further stated that we have had knowledge systems unique to our country that have never been transformed through cultural creatives in the Indian toy industry. “That transformational journey will begin with the India Toy Fair 2021. FICCI’s journey that takes pedagogical needs of over 249 million school going children and marries it with the needs of the Indian toy industry, is to be lauded,” she added.

Uday Shankar, President, FICCI said that COVID-19 has been a major set-back for this sector and the industry is hoping to see recovery with the measures taken by the Government to revive demand in general in the economy.

“FICCI remains committed to providing quality and safe toys to our children. We are happy to bring in world’s best experience in the sector for developing a quality and safe ecosystem for the sector in the country and make it Atmanirbhar,” Shankar added.

Anil Agrawal, Additional Secretary, DPIIT, said that they are looking at supporting toy design based on Indian culture. He urged the industry to look at specific issues of Ease of Doing business impacting the toy industry. Government is also looking at developing toy clusters, he said.

Vivek Jhangiani, Chair, FICCI Toy Sector Committee and Managing Partner, United IC (United Toys), said that we are closely working with DPIIT and have presented a roadmap for scaling up toy manufacturing in the country and encourage both domestic and global manufacturers to make India a sourcing hub. “We, in the toy industry, are extremely grateful to the government for selecting toy sector as one of the champion sectors and providing support at the highest level,” he added.

Bhavesh Somaya, Co-Chair, FICCI Toy Sector Committee and GM, Hasbro South Asia, said that modern play has become a multi-dimensional and multi-layered experience, where narratives and characters flow easily between different play-spaces.

R Ramanan, Mission Director & Additional Secretary, Atal Innovation Mission, NITI Aayog, said that the government and the Atal Innovation Mission are focusing on toys and games as a medium of stimulating creativity innovation and capabilities of our young people. The Atal Tinkering Labs are the first step as the National Education Policy rolls out its program of ensuring that toys give simulation, whether it is digital play or physical play.

Alka Nangia Arora, Joint Secretary MSME, shared various schemes of the Ministry to support toy sector and also urged the industry to collaborate with the Technology Centres of MSME Department.

Millennium Post | Feb 12, 2021

'Expansive opportunity for Indian, global cos in toy market'

Smriti Zubin Irani, Minister for Women & Child Development and Textiles, Govt of India today said that there is expansive opportunity for both Indian as well as global companies to invest in the Indian toy sector.

Addressing the virtual 2nd edition of FICCI Seminar on Value of Play – Toys and Games in the New Normal Scenario, Irani said that we (Government and industry), under the aegis of FICCI Toys Committee, need to articulate incessantly on issues concerning the pedagogical impacts of toys. "One of the biggest challenges for the industry indigenously is the massive influx of toys from overseas. Given the current industry estimates, between $ 1-1.5 billion, to have most of their revenue from imported toys tells us the expansive opportunity that is before us," she added.

Highlighting the impact of digital play during the pandemic, Ms Irani urged the FICCI Toys Committee to help reflect on the digital play impact, especially on the consuming base in the country. Irani stated that the National Education Policy also speaks about the joy of learning with toys. Children between the age of 3-8 years will learn with toys, transform their educational experiences such that outcomes are strengthened and better, she stated.

India, she said, has a large number of families in the middle-income group as one of the largest consuming sections. We should also explore the price points that can attract these consumers to toys that are Made in India, she added. Speaking on India Toy Fair 2021, Irani said that over 1000 companies have come on board, including some of the biggest national and international brands. The Ministry of Education is engaging with states, schools, boards, and institutions for enhanced participation from the consumer of toys- parents and children. "Through this platform when a parent or child engages with the company to pick a toy, they will also have access to the map of India that has mapped toy needs and pedagogical impact of that toy, which is locally available from pre-school to higher education. This is first being done in our country," she noted.

Irani further stated that we have had knowledge systems unique to our country that have never been transformed through cultural creatives in the Indian toy industry. "That transformational journey will begin with the India Toy Fair 2021. FICCI's journey that takes pedagogical needs of over 249 million school going children and marries it with the needs of the Indian toy industry, is to be lauded," she added.

Orissa Diary | Feb 12, 2021

Expansive opportunity for Indian and global companies in Indian toy market: Smriti Zubin Irani

Ms Smriti Zubin Irani, Minister for Women & Child Development and Textiles, Govt of India today said that there is expansive opportunity for both Indian as well as global companies to invest in the Indian toy sector.

Addressing the virtual 2nd edition of FICCI Seminar on Value of Play ? Toys and Games in the New Normal Scenario, Ms Irani said that we (Government and industry), under the aegis of FICCI Toys Committee, need to articulate incessantly on issues concerning the pedagogical impacts of toys. “One of the biggest challenges for the industry indigenously is the massive influx of toys from overseas. Given the current industry estimates, between $ 1-1.5 billion, to have most of their revenue from imported toys tells us the expansive opportunity that is before us,” she added.

Highlighting the impact of digital play during the pandemic, Ms Irani urged the FICCI Toys Committee to help reflect on the digital play impact, especially on the consuming base in the country.

Ms Irani stated that the National Education Policy also speaks about the joy of learning with toys. Children between the age of 3-8 years will learn with toys, transform their educational experiences such that outcomes are strengthened and better, she stated.

India, she said, has a large number of families in the middle-income group as one of the largest consuming sections. We should also explore the price points that can attract these consumers to toys that are Made in India, she added.

Speaking on India Toy Fair 2021, Ms Irani said that over 1000 companies have come on board, including some of the biggest national and international brands. The Ministry of Education is engaging with states, schools, boards, and institutions for enhanced participation from the consumer of toys- parents and children. “Through this platform when a parent or child engages with the company to pick a toy, they will also have access to the map of India that has mapped toy needs and pedagogical impact of that toy, which is locally available from pre-school to higher education. This is first being done in our country,” she noted.

Ms Irani further stated that we have had knowledge systems unique to our country that have never been transformed through cultural creatives in the Indian toy industry. “That transformational journey will begin with the India Toy Fair 2021. FICCI’s journey that takes pedagogical needs of over 249 million school going children and marries it with the needs of the Indian toy industry, is to be lauded,” she added.

Mr Uday Shankar, President, FICCI said that COVID-19 has been a major set-back for this sector and the industry is hoping to see recovery with the measures taken by the Government to revive demand in general in the economy. “FICCI remains committed to providing quality and safe toys to our children. We are happy to bring in world’s best experience in the sector for developing a quality and safe ecosystem for the sector in the country and make it Atmanirbhar,” he added.

Mr Anil Agrawal, Additional Secretary, DPIIT said that they are looking at supporting toy design based on Indian culture. He urged the industry to look at specific issues of Ease of Doing business impacting the toy industry. Government is also looking at developing toy clusters, he said.

Mr Vivek Jhangiani, Chair, FICCI Toy Sector Committee and Managing Partner, United IC (United Toys) said that we are closely working with DPIIT and have presented a roadmap for scaling up toy manufacturing in the country and encourage both domestic and global manufacturers to make India a sourcing hub. “We, in the toy industry, are extremely grateful to the government for selecting toy sector as one of the champion sectors and providing support at the highest level,” he added.

Mr Bhavesh Somaya, Co-Chair, FICCI Toy Sector Committee and GM, Hasbro South Asia said that modern play has become a multi-dimensional and multi-layered experience, where narratives and characters flow easily between different play-spaces.

Mr R Ramanan, Mission Director & Additional Secretary, Atal Innovation Mission, NITI Aayog said that the government and the Atal Innovation Mission are focusing on toys and games as a medium of stimulating creativity innovation and capabilities of our young people. The Atal Tinkering Labs are the first step as the National Education Policy rolls out its program of ensuring that toys give simulation, whether it is digital play or physical play.

Ms Alka Nangia Arora, Joint Secretary MSME, shared various schemes of the Ministry to support toy sector and also urged the industry to collaborate with the Technology Centres of MSME Department.

KNN | Feb 12, 2021

Smriti Irani pitches for investment in Indian toy market

Minister for Women & Child Development and Textiles, Smriti Zubin Irani on Friday asserted that there is an expansive opportunity for both Indian as well as global companies to invest in the Indian toy sector.

Addressing the virtual 2nd edition of FICCI Seminar on Value of Play – Toys and Games in the New Normal Scenario, Irani said, ''We (Government and industry), under the aegis of FICCI Toys Committee, need to articulate incessantly on issues concerning the pedagogical impacts of toys.''

“One of the biggest challenges for the industry indigenously is the massive influx of toys from overseas. Given the current industry estimates, between 1 to US 1.5 billion dollar to have most of their revenue from imported toys tells us the expansive opportunity that is before us,” she added.

Highlighting the impact of digital play during the pandemic, Irani urged the FICCI Toys Committee to help reflect on the digital play impact, especially on the consuming base in the country.

Irani stated that the National Education Policy also speaks about the joy of learning with toys. Children between the ages of 3-8 years will learn with toys, transform their educational experiences such that outcomes are strengthened and better, she stated.

India, she said, has a large number of families in the middle-income group as one of the largest consuming sections.

''We should also explore the price points that can attract these consumers to toys that are Made in India,'' she added.

Speaking on India Toy Fair 2021, Irani said that over 1000 companies have come on board, including some of the biggest national and international brands. The Ministry of Education is engaging with states, schools, boards, and institutions for enhanced participation from the consumer of toys- parents and children.

“Through this platform when a parent or child engages with the company to pick a toy, they will also have access to the map of India that has mapped toy needs and pedagogical impact of that toy, which is locally available from pre-school to higher education. This is first being done in our country,” she noted.

Irani further stated that we have had knowledge systems unique to our country that have never been transformed through cultural creative in the Indian toy industry.

“That transformational journey will begin with the India Toy Fair 2021. FICCI’s journey that takes pedagogical needs of over 249 million school going children and marries it with the needs of the Indian toy industry, is to be lauded,” she added.

Anil Agrawal, Additional Secretary, DPIIT said that they are looking at supporting toy design based on Indian culture. He urged the industry to look at specific issues of Ease of Doing business impacting the toy industry.

''Government is also looking at developing toy clusters,'' he said.

R Ramanan, Mission Director & Additional Secretary, Atal Innovation Mission, NITI Aayog said that the government and the Atal Innovation Mission are focusing on toys and games as a medium of stimulating creativity, innovation and capabilities of our young people.

''The Atal Tinkering Labs are the first step as the National Education Policy rolls out its program of ensuring that toys give simulation, whether it is digital play or physical play,'' he added.

Alka Nangia Arora, Joint Secretary MSME, shared various schemes of the Ministry to support the toy sector and also urged the industry to collaborate with the Technology Centres of MSME Department.

Daiji World | Nov 28, 2020

GDP numbers a surprise, but recovery still under Covid threat

Although the 7.5 percent contraction in the Q2 GDP came in as a surprise, giving hopes to a faster economic recovery, the pace of revival continues to be under the cloud of uncertainty amid rising Covid cases across the country.

Chief Economic Adviser (CEA) to the government of India, Krishnamurthy Subramanian, in a presentation on Friday noted that while recovery provides optimism, caution on the pandemic and therefore on the economy is still warranted.

"Till the pandemic does not go away, some of the sectors that are affected by social distancing will continue to experience demand slump," the presentation said.

It said that sustainability of the economic recovery depends critically on the spread of the pandemic.

Dharmakirti Joshi, Chief Economist, CRISIL, said that there are some signs of flattening of economic activity in the third quarter.

"Hence, further spread of Covid-19 will remain the key monitorable. The services sector will be more vulnerable in the second half, particularly contract-based services," Joshi said.

Rumki Majumdar, Economist, Deloitte India, said: "Since the quarterly GDP data is released with a lag of two months, we should look at these numbers in the rear-view mirror, keeping in perspective that the recent high-frequency data possibly suggest a quicker rebound ahead. The possibility of the release of several highly effective vaccines soon gives us hope that there is an end date to the pandemic, even if it may not be immediate."

She said that three drivers will ensure a sustained economic revival and rehabilitation, inclusive job growth, a robust services sector rebound, and a sustained recovery in private demand.

"A slew of high frequency indicators suggest that the economic recovery is becoming entrenched," said a Barclays report.

It said that if the recovery stays on track, the economy is expected to return to positive growth as early as Q4 (Barclays estimate: 0.4 per cent YoY), a quarter ahead of the central bank's projections. Barclays further said that the RBI is likely to revise its estimate higher next week at its upcoming MPC meeting.

Industry bodies have applauded the better than expected GDP numbers, but have urged the government to come up with more measures to enhance demand.

"Going ahead, the government should keep a close watch on the demand side. While the festive season will continue till December and the earlier demand-oriented measures announced by the government will take effect, we feel it will be important to lend further support to consumption activity," said Sangita Reddy, President, FICCI.

She said the government can look at extending the consumption voucher idea to all rather than just government employees. Additionally, the government must continue to invest heavily in the infrastructure sector as it can be a real driver for growth and employment, she said.

The Arunachal Times | Nov 28, 2020

India Inc expects economy to gain momentum as GDP contraction narrows

With India’s GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government’s actions are bearing fruit.

In a tweet, Vedanta Chairman Anil Agarwal said, “Q2 #GDP numbers show that economy is recovering. Government’s efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22.”

CII Director General Chandrajit Banerjee said “the sharp rebound in the second quarter GDP print to -7.5 per cent as compared to the large unprecedented -23.5 per cent decline seen in the previous quarter will boost confidence that with the easing of lockdown restrictions over the past few months, there has been a discernible improvement in the economy.”

He observed that the government action in terms of opening the economy has clearly been beneficial for growth.

“We are certain this trend would continue and the figures for the third quarter would be reflective of that. Though private consumption seemed to be weak in Q2, all anecdotal evidence point towards a stronger consumption scenario in the next quarter.

“An increase in government spending would help this momentum for a more robust growth in the coming months,” said Banerjee.

FICCI President Sangita Reddy said the GDP print has come in as a pleasant surprise.

“This is much better than what was anticipated by most analysts and clearly reflects that the Indian economy is on a sharp recovery mode. The positive, albeit marginal, growth noted in the manufacturing sector in the second quarter is truly encouraging,” she added.

India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent.

The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.

Manufacturing posted a surprise 0.6 per cent growth in July-September after it had shrunk by a massive 39 per cent in the preceding quarter.

The GDP contraction of 7.5 per cent in July-September compares with a growth of 4.4 per cent in the same quarter last year.

Assocham Secretary General Deepak Sood said a decisive arrest of the slide from a steep contraction in the first quarter clearly shows a sharper recovery in India’s economy which is braving the Covid-19 pandemic with strong resilience.

“Earlier estimates had apprehended around 10 per cent drop in Q2. The slide has been narrowed to 7.5 per cent, a situation much better than expected. Going forward, the second half of the current financial year should give us surprises on the positive side,” Sood said.

He said several key high frequency indicators point towards further improvement, with the rural economy leading the rebound even as urban consumption is returning to shape.

PHDCCI President Sanjay Aggarwal said meaningful reforms undertaken the by the government since March 2020 have given the direction to the economy to come back on track.

Going ahead, the government’s focus on demand-rejuvenating measures introduced under Aatmanirbhar Bharat 3.0 will have a multiplier effect on the economic growth trajectory through enhanced demand, job creation, increased private investments, escalated exports and growth of sectors that have strong backward and forward linkages, he added.

Mayur Dwivedi, Head- Strategy, M&A, Investors Relations, Religare Enterprises, said the GDP data for July-September quarter is better than expectation with both manufacturing and agriculture supporting growth revival.

“It now remains to be seen whether this momentum is sustained in the remaining two quarters of FY21. We expect RBI to remain dovish and usher in at least one more rate cut of 25 bps in the near future,” he added.

Rumki Majumdar, economist at Deloitte India, said the contraction in the first two quarters of this fiscal year is no surprise.

“Since the quarterly data of GDP is released with a lag of two months, we should look at these numbers in the rear-view mirror keeping in perspective that recent high-frequency data possibly suggest a quicker rebound ahead,” Majumdar added.

B Gopkumar, MD and CEO, Axis Securities, said the growth outlook has improved with the Q2 GDP print, and now the market will look for sustainability of demand, especially after the festive season.

Sanjay Kumar, CEO and MD, Elior India, said the contraction in India GDP at (-) 7.5 per cent is amongst the worst as compared to its Asian peers. This is definitely a cause of concern and hopefully, with the easing of the monetary policy, we can expect some further rebound in the coming quarter, he added.

“Going forward, however, we believe that the revival momentum in Q3/Q4 will be critically dependent on the pickup in private consumption during the festive season and a reduction in the intensity of the Covid pandemic.

“Any further resurgence of the pandemic and the delay in the introduction of the vaccines may constrain the expected GDP growth in Q3/Q4,” said Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research.

China’s economy grew by 4.9 per cent in July-September this year, faster than the 3.2 per cent growth in April-June 2020.

Though the contraction in July-September pushed India into its first technical recession, based on records going back to 1996, a sharp recovery held out hopes for the economy turning around before the end of the fiscal year.