Will focus on AI-led transformation, sunrise sectors, MSMEs capacity building: CII
Confederation of Indian Industry
(CII), Karnataka announced on Thursday that it will focus on AI led transformation,
sunrise sectors
and
MSMEs capacity building
to enhance the state's competitiveness on the global stage.
"Our focus is to create a resilient and agile ecosystem that empowers industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy," said Rabindra Srikantan, chairman of CII Karnataka and founder and managing director,
ASM Technologies Ltd
.
He was addressing a press briefing organised to discuss CII's roadmap to the future.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Undo
"A key pillar of this journey is the expansion of
Global Capability Centres
(GCCs), which are rapidly evolving from support hubs to strategic innovation engines across sectors," he added.
According to him, CII Karnataka is working closely with government, academia, startups, and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial transformation.
Live Events
Guruprasad Mudlapur, Vice Chairman of CII and President, Bosch Group in India & Managing Director
Bosch Limited
said CII is working to expand competitiveness across regions -- Beyond Bengaluru -- and deepen collaboration between government, industry, and academia.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
"CII Karnataka is committed to accelerating inclusive and future-ready growth by strengthening competitiveness, ease of doing business, building trust, and enabling MSMEs across the state. We will be focusing on infrastructure, policy simplification, and technology adoption to drive industrial resilience," he added.
The plan, he added, is to equip businesses, especially MSMEs in Tier 2 and 3 cities through structured mentoring,
sustainability initiatives
, and skilling platforms.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Flurry of trade deals offers relief for some Asian countries, while others wait
BANGKOK: US President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States. A deal with China is under negotiation, with US Treasury Secretary Scott Bessent saying an August 12 deadline might be postponed again to allow more time for talks. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Project Management Artificial Intelligence MBA Data Science Product Management Leadership MCA Digital Marketing Finance Degree Management others Design Thinking Cybersecurity Data Analytics Others CXO Data Science Healthcare Public Policy Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Steep tariffs on US imports of steel and aluminium remain, however, and many other countries, including South Korea and Thailand, have yet to clinch agreements. Overall, economists say the tariffs inevitably will dent growth in Asia and the world. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Time Could You Save with Clearer Writing? Grammarly Install Now Undo The deals reached so far, ahead of Trump's August 1 deadline Trump and Japanese Prime Minister Shigeru Ishiba announced a deal Wednesday that will impose 15 per cent tariffs on US imports from Japan, down from Trump's proposed 25 per cent 'reciprocal' tariffs. Live Events It was a huge relief for automakers like Toyota Motor Corp and Honda, whose shares jumped by double digits in Tokyo. Trump also announced trade deals with the Philippines and Indonesia. After meeting with Philippine President Ferdinand Marcos, Jr, Trump said the import tax on products from his country would be subject to a 19 per cent tariff, down just 1 per cent from the earlier threat of a 20 per cent tariff. Indonesia also will face a 19 per cent tariff, down from the 32 per cent rate Trump had recently said would apply, and it committed to eliminating nearly all of its trade barriers for imports of American goods. Earlier, Trump announced that Vietnam's exports would face a 20 per cent tariff, with double that rate for goods transshipped from China, though there has been no formal announcement. Talks with China may be extended Negotiations with China are subject to an August 12 deadline, but it's likely to be extended, Bessent told Fox Business on Tuesday. He said the two sides were due to hold another round of talks, this time in Sweden, early next week. Meanwhile, Trump said a trip to China may happen soon, hinting at efforts to stabilise US-China trade relations. A preliminary agreement announced in June paved the way for China to lift some restrictions on its exports of rare earths, minerals critical for high technology and other manufacturing. In May, the US agreed to drop Trump's 145 per cent tariff rate on Chinese goods to 30 per cent for 90 days, while China agreed to lower its 125 per cent rate on US goods to 10 per cent. The reprieve allowed companies more time to rush to try to beat the potentially higher tariffs, giving a boost to Chinese exports and alleviating some of the pressure on its manufacturing sector. But prolonged uncertainty over what Trump might do has left companies wary about committing to further investment in China. No deals yet for South Korea and other Asian countries Pressure is mounting on some countries in Asia and elsewhere as the August 1 deadline for striking deals approaches. Trump sent letters, posted on Truth Social, outlining higher tariffs some countries will face if they fail to reach agreements. He said they'd face even higher tariffs if they retaliate by raising their own import duties. South Korea's is set at 25 per cent. Imports from Myanmar and Laos would be taxed at 40 per cent, Cambodia and Thailand at 36 per cent, Serbia and Bangladesh at 35 per cent, South Africa and Bosnia and Herzegovina at 30 per cent and Kazakhstan, Malaysia and Tunisia at 25 per cent. The status of talks with India remains unclear but progress appears to hinge on the country's heavily protected farm sector. It faces a 26 per cent tariff. Nearly every country has faced a minimum 10 per cent levy on goods entering the US since April, on top of other sectoral levies. Economists expect tariffs to sap growth even with trade deals Even after Trump has pulled back from the harshest of his threatened tariffs, the onslaught of uncertainty and higher costs for both manufacturers and consumers has raised risks for the regional and global economy. Economists have been downgrading their estimates for growth in 2025 and beyond. The Asian Development Bank said Wednesday it had cut its growth estimate for economies in developing Asia and the Pacific to 4.7 per cent in 2025 and 4.6 per cent in 2026, down 0.2 percentage points and 0.1 percentage points. The outlook for the region could be further dimmed by an escalation of tariffs and trade friction, it said. 'Other risks include conflicts and geopolitical tensions that could disrupt global supply chains and raise energy prices,' as well as a deterioration in China's ailing property market. Economists at AMRO were less optimistic, expecting growth for Southeast Asia and other major economies in Asia at 3.8 per cent in 2025 and 3.6 per cent next year. While countries in the region have moved to protect their economies from Trump's trade shock, they face significant uncertainties, said AMRO's chief economist, Dong He. 'Uneven progress in tariff negotiations and the potential expansion of tariffs to additional products could further disrupt trade activities and weigh on growth for the region,' he said.
Time of India
35 minutes ago
- Time of India
6 equity mutual funds turn Rs 1 lakh lumpsum investment into Rs 1 crore in 3 decades
Six equity mutual funds have turned Rs 1 lakh lumpsum investment to over Rs 1 crore in the last three decades, an analysis by ETMutualFunds showed. Around 16 funds have completed over 30 years of existence in the market. Two funds turned the lumpsum investment of Rs 1 lakh into Rs 2 crore in the last three decades since their respective inception and these two funds from Franklin Templeton Mutual Fund. Franklin India Mid Cap Fund (earlier known as Franklin India Prima Fund) turned the Rs 1 lakh lumpsum investment to Rs 2.81 crore in nearly 31.66 years. The fund was launched in December 1993 and delivered a CAGR of 19.50% on lumpsum investments. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Digital Marketing Healthcare Operations Management Design Thinking others Artificial Intelligence MBA MCA Data Science Product Management healthcare Data Science Data Analytics Finance Leadership Management Cybersecurity Public Policy PGDM Others CXO Project Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost of Dental Implants in Your City Might Surprise You! Dental implant | Search Ads Learn More Undo Also Read | Gold ETF has beaten Nifty ETF 7 times in 10 years. How to invest now? Franklin India Large Cap Fund (earlier known as Franklin India Bluechip Fund) turned the same lumpsum investment to Rs 2.47 crore in nearly 31.66 years. The fund was launched in December 1993 and offered a CAGR of 19.02% on lumpsum investments. The next two funds in the list were flexi caps. HDFC Flexi Cap Fund (earlier known as HDFC Equity Fund) turned the Rs 1 lakh lumpsum investment to Rs 1.98 crore in 30.58 years. The fund was launched in January 1995 and has offered a CAGR of 18.89% since inception. Live Events Franklin India Flexi Cap Fund (earlier known as Franklin India Equity Fund) turned investors' Rs 1 lakh lumpsum investment to Rs 1.65 crore and offered a CAGR of 18.01% since its inception on lumpsum investments. The fund was launched in September 1994. The oldest ELSS fund, SBI ELSS Tax Saver Fund (earlier known as SBI Long Term Equity Fund) turned the lumpsum investment of Rs 1 lakh to Rs 1.37 crore in nearly 32.33 years. This ELSS fund offered a CAGR of 16.45% on lumpsum investments since March 1993. Aditya Birla SL Large & Mid Cap Fund (earlier known as Aditya Birla Sun Life Equity Advantage Fund) turned Rs 1 lakh lumpsum investment to Rs 1.16 crore in 30.43 years. The fund delivered a CAGR of 16.94% on lumpsum investments made since February 1995. Other funds completing 30 years Around 10 other funds have completed 30 years of existence in the market but they could turn the Rs 1 lakh lumpsum investment ranging between Rs 12.46 lakh to Rs 92.61 lakh since their respective inception date in over 30 years. Launched in February 1993, SBI Large & Midcap Fund (earlier known as SBI Magnum Multiplier Fund) turned the Rs 1 lakh investment to Rs 92.61 lakh in 32.42 years. ICICI Pru Multicap Fund (earlier known as ICICI Prudential Top 200 Fund) and HDFC Value Fund (earlier known as HDFC Capital Builder Value Fund) turned the Rs 1 lakh investment to Rs 80.32 lakh and Rs 74.83 lakh respectively in more than three decades. The schemes were launched in October 1994 and February 1994, respectively. Two other large & mid cap funds - Tata Large & Mid Cap Fund (earlier known as Tata Equity Opportunities Fund) and HDFC Large and Mid Cap Fund (earlier known as HDFC Growth Opportunities Fund) turned the lumpsum investment of Rs 1 lakh to Rs 53.62 lakh and Rs 46.34 lakh respectively since their respective inception. The funds were launched in February 1993 and February 1994. Also Read | Silver ETFs jump 31% in 2025 as metal hits all-time high. Should you bet on this rally? Tata Mid Cap Fund which was earlier known as Tata Mid Cap Growth Fund turned the Rs 1 lakh investment to Rs 43.69 lakh in nearly 31.08 years. Two funds from Taurus Mutual Fund - Taurus Large Cap Fund and Taurus Flexi Cap Fund - turned the same lumpsum investment to Rs 22.83 lakh and Rs 22.68 lakh respectively. JM Large Cap Fund and Taurus Mid Cap Fund turned the lumpsum investment to Rs 15.36 lakh and Rs 12.46 lakh respectively in 30.33 years and 30.90 years, respectively. We considered equity mutual fund categories. We excluded sectoral and thematic funds and hybrid funds. We considered regular and growth options. Note, the above exercise is not a recommendation. The exercise was done to find which equity funds turned Rs 1 lakh investment to over Rs 1 crore in the last 30 years. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before investing. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
an hour ago
- Time of India
Copper-laden ships race to reach US ahead of Trump's 50% tariffs
At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash in on a lucrative arbitrage trade that has upended the global copper market since US President Donald Trump first floated the idea of copper tariffs . The urgency to secure imports increased in the past two weeks after Trump announced the levy would be 50% starting Aug. 1. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare MCA Healthcare Others Leadership Project Management Data Science Public Policy others Degree Data Science Management Finance PGDM Design Thinking Operations Management Data Analytics Product Management Digital Marketing Technology CXO Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Bulk carrier Kiating left Australia's Townsville port last Wednesday carrying 8,000 metric tons of refined cargo and is destined to reach Hawaii by July 30, according to shipping data provider Kpler . The firm can't identify who owns the cargo, but it said two other recent US-bound shipments from the port contained copper from Glencore Plc's Mount Isa Mines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Port data show that the Kiating was originally scheduled to land in New Orleans, but changed its destination to Hawaii after Trump's announcement — cutting its likely voyage time by almost 20 days. Even so, the cargo owner will be in a race against time to register the metal with the local customs office once the vessel arrives. 'It's hard to say how efficient clearance will be in Hawaii, given that it's such an atypical destination for this cargo,' said Ben Ayre, lead dry-bulk shipping analyst at Kpler. Live Events Bloomberg In Latin America, three vessels brimming with Chilean copper are also rushing to get to US ports. Cargo ship Louise Auerbach is near Colombia's Buenaventura port and en route for a July 28 arrival at Tampa, Florida, according to data compiled by Bloomberg and people with knowledge of the voyage. The BBC Norway is in Panama and the BBC Campana is anchored off northern Chile's coast, according to the latest shipping data. The vessels are among the last batch of copper cargoes whose owners are betting they can clear US customs just before the tariff bites. For reference, the difference between arriving ahead of the levy and having to pay it would be more than $70 million on a typical bulk carrier cargo of 15,000 tons. The voyage from northern Chile to southern US takes 10 to 15 days. To boost the chances of landing before the tariffs, shippers can attempt to clear customs for the entire cargo at their first US port of call. They can also pay for preferential spots in the lineups, turning what can be days of waiting into just hours. Bloomberg With copper prices surging in the US, traders including Glencore, Mercuria Energy Group, Trafigura Group, Hartree Partners LP and IXM SA have shipped huge volumes to US ports since Trump ordered the Commerce Secretary in February to consider tariffs as part of an probe into the impact of foreign copper on the US. The tariff trade allowed those firms to capture profits that industry veterans say are the biggest they've ever seen. A 50% copper tariff is double what many analysts and traders expected, and prices in New York surged even more after Trump's July 8 tariff announcement, creating even bigger potential profits for traders who can get vessels to America in time. With copper trading at close to $9,900 a ton on the London Metal Exchange, a 50% levy would mean US buyers need to pay a further $4,950 to customs authorities to import copper into the country. Nominally, traders stand to make nearly as much in profit if they can import the metal before the tariffs land in less than two weeks. Traders are still awaiting key details about the tariffs, particularly whether there will be a grace period for cargoes that are already on the water — as there have been when similar levies were imposed on aluminium and steel. US front-month copper futures are now trading at a record premium over LME prices, with gap reaching about $2,750 a ton on Wednesday. That's about 28% above the price in London. The metal fell 0.4% on the LME to $9,853 a ton as of 10:15 a.m. in Shanghai.
