Indian industry News

Goyal said that those investing in India, should not just look at assembling the Semi-knocked down kits or availing import duty concessions, but must bring technologies, best practices and do value-addition "Our government will stand shoulder-to-shoulder with industries in their efforts to become more competitive and engage with the world on equal and fair terms" He invited the Indian industry to walk together, support each other, and work towards a prosperous India in the long run and a better future for the generations to come

The employability rose by 14 percentage points in the last five years, from 33 per cent in 2014, according to India Skills Report.

Tuesday could well be a day to raise the toast for the Indian economy. Official data forecast rains during the upcoming monsoon season to be above normal, retail inflation has fallen to a six-month low, and factory output is up after three straight months of decline.

The Indian industry, both exporters and experts included, needs to debate and find ways to deal with stringent private standards in order to access lucrative markets of the world and boost shipments, a top government official said on Friday.

"A high growth rate will always protect workmen and labour interest," the finance minister told the 46th session of Indian Labour Conference.

The Confederation of Indian Industry (CII) is organizing yoga sessions for Indian industry on the International Day of Yoga on June 21.

The annual industrial output growth accelerated to a two-month high of 4.1 percent in April, according to the government data released on Friday.

In the current financial year, the increase in average salary as well as variable pay is expected to be higher than last fiscal's.

Cautioning Indian industry on the changing global trade scenario, government on Thursday asked it to enhance product competitiveness in the international market without seeking "subsidies" and "doles".

Seeking Opposition's cooperation in passing key reform bills, Union Minister Nirmala Sitharaman today said the government is also willing to hear out the industry and hoped they will start saying "a lot of things are happening on the ground".

Pitching for interest rate cut, Commerce and Industry Minister Nirmala Sitharaman Thursday said reduction in cost of credit was necessary to provide level playing field to domestic industry.

As many as 215 products were registered as geographical indication (GI) till December 15, 2014, government said on Friday.

On the profitability front, Crisil foresees a 0.5 percent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.