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Time of India
20-07-2025
- Business
- Time of India
ICC to offer AI-enabled platform to help microbreweries with state-wise compliance
Academy Empower your mind, elevate your skills The Indian Chamber of Commerce (ICC) would collaborate with technology partners to develop an AI-enabled, open-access compliance platform to help microbreweries simplify and streamline adherence to complex state-wise excise norms, ICC sustainability committee chairman Sushilkumar Eashwaran has said.'Green brewing must move from optional to operational. ICC is committed to helping the industry adopt AI-led solutions that are good for business and the planet,' he said while speaking at the Brewery Conclave 2025 in Bengaluru on speakers highlighted how technology can reduce costs, enhance quality, and support environmental goals such as AI-driven fermentation control and predictive maintenance to water efficiency monitoring and carbon usage tracking. 'AI is now as important as yeast in the brewing process. It empowers brewers to be sustainable, scalable, and smart,' said Aadithya Shivkumar Eashwaran, ICC Committee Chairman – Brewery & event saw participation from brewers, investors, machinery specialists, and policymakers to explore next-gen growth opportunities in one of India's fastest-growing beverage sectors, the ICC said in a ICC estimates the India's beer market to reach a market size of $ 456 billion with a projected CAGR of 8.5% in five years, the statement nearly 45–50% of India's beer consumption coming from South India and Bengaluru standing tall as the country's craft beer capital, the city offered the ideal setting. From its dynamic pub culture to its liberal excise policy, Bengaluru has become a beacon for innovation in brewing, said ICC chairman (South) Shivkumar Eashwaran.'India's young demographic and evolving taste for craft beers create an exciting climate for brewers, innovators, and investors. This conclave is about unlocking that in a responsible, future-ready way, he added.
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Business Standard
03-07-2025
- Business
- Business Standard
Switch to green steel in India will take decades, say industry leaders
Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda Saket Kumar Listen to This Article While India's steel industry is gearing up to transition towards green steel, a full-scale switch will take decades, steel industry leaders and experts said on Thursday. Meanwhile, they called for supportive government policies and a move to reduce emissions. Speaking at the 14th India Minerals and Metals Forum held by the Indian Chamber of Commerce (ICC) in New Delhi, Jindal Stainless Managing Director Abhyuday Jindal said the transition has started. "The shift to green steel is a transition, and adopting low-emission processes in production is the right starting point," he said. The successful transitions in other countries were largely enabled
Time of India
03-07-2025
- Business
- Time of India
Steel industry calls for safeguard measures to protect local players
New Delhi: Calling for protectionist measures to check cheap steel imports , Jindal Stainless Managing Director Abhyuday Jindal on Thursday said that the country has sufficient steel production capacity to meet the local demand. Jindal also said that in addition to the US and Europe, countries with very low steel production are also adopting protective measures. It is very important to protect "our country," Jindal said while addressing an Indian Chamber of Commerce 's event here. "The US has done it, Europe has been doing it for quite some time. Now, nations like in the Middle East, where there is not much steel production, Canada, where there isn't much steel production, are also going for some kind of protectionist measures," Jindal, who is also the President of the Indian Chamber of Commerce, said. Jindal also appreciated the steps taken by the government to safeguard the interest of the domestic steel industry . Live Events "There was substandard, Chinese material coming in (through) from government is taking a clear view, there is enough capacity in the country, we can produce any kind of grade, any kind of quality that is required," he said. As per industry estimates, India's installed stainless steel capacity stands at 7.5 MT, with a current utilisation of about 60 per cent, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained. As domestic capacities are lying idle and 30 per cent of the consumption is still coming from imports, investment in stainless steel is bound to get impacted, Jindal said. India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors, as per the market research firm BigMint. Jindal also advocated for a separate National Stainless Steel policy and taxonomy to promote the interests of the stainless steel sector. The government had released a National Steel Policy for the steel sector in 2017. In December 2024, Union Steel Minister H D Kumaraswamy released a 'taxonomy on green steel ' for the steel industry with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process.
Economic Times
23-06-2025
- Business
- Economic Times
Plans to make mutual fund rules more investor and industry friendly: Sebi official
SEBI is overhauling mutual fund regulations to be more investor-friendly and boost industry growth, according to Executive Director Manoj Kumar. The aim is to simplify existing rules and adapt to evolving investor needs. SEBI is also reviewing scheme categorization and has introduced a new product category, SIF, for larger investments. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday."We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator," SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said."The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised," Kumar said without giving any timeline for the rollout of the new outlined the regulator's strategic roadmap to strengthen India's securities market, with mutual funds positioned as a critical pillar in fostering inclusive financial growth and investor protection.A consultation paper on regulations which governs advisory functions in mutual funds is also in the the event, Kumar said India has undergone major market transformations under SEBI's include the shift to an electronic trading ecosystem in 1998, followed by achieving 100 per cent dematerialisation of shares, making India the only jurisdiction globally to do so."The third transformation is unfolding now through the mutual fund revolution," he said, calling it a cornerstone of SEBI's "optimum regulation" approach, one that seeks balance among the interests of the regulator, the industry, and India's mutual fund industry has crossed Rs 72 lakh-crore in AUM and monthly SIP contributions have touched Rs 28,000 crore, the investor base remains limited to just five crore in a population of 140 crore, Kumar pointed is also actively reviewing scheme categorisation norms to make them more intuitive for investors, while ensuring all offerings remain "true to label" to prevent offer wider choice to investors, SEBI has approved a new product category, referred to as SIF, aimed at investors with ticket sizes between Rs 10 lakh and Rs 50 funds were selected to manage these products given their established governance and handling of retail SEBI has opened faster registration windows for Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) with similar industry concerns over stress test disclosures for mid- and small-cap funds, Kumar reaffirmed SEBI's disclosure-based regulatory model, stressing that informed investors are central to market he acknowledged that some disclosure requirements may seem burdensome, he assured stakeholders that SEBI remains open to feedback and streamlining urged the industry to avoid situations that warrant regulatory intervention, saying, "Our goal is not to disrupt but to allow business to thrive."Highlighting the untapped potential in eastern India, Kumar said SEBI views West Bengal and the Northeast as strategic regions for mutual fund expansion, underscoring the need for targeted penetration this vision, AMFI chief executive V N Chalasani said India is transitioning from financial inclusion to financial well-being, where saving smartly and investing wisely will enable sustainable wealth cited the exponential growth of mutual funds post-2017, following SEBI's investor education mandate, which helped expand the investor base and improve financial Chalasani pointed out that India's mutual fund AUM still forms only about 20 per cent of GDP, compared to a global average of 65 per stressed the need for deeper financial literacy, especially in Tier 3 and 4 cities, where AMFI is focusing through school and university programmes, distributor expansion via India Post, and new product innovations aimed at mid-income investors."Every Indian can evolve from a saver to an investor and ultimately a wealth creator," he said, calling for sustained collaboration between regulators, industry, educators and investors to build an empowered, financially resilient India. PTI
The Print
22-06-2025
- Business
- The Print
Plans to make mutual fund rules more investor and industry friendly: SEBI official
Existing regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said. 'We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator,' SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) here. Kolkata, Jun 21 (PTI) The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday. 'The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised,' Kumar said without giving any timeline for the rollout of the new rules. Kumar outlined the regulator's strategic roadmap to strengthen India's securities market, with mutual funds positioned as a critical pillar in fostering inclusive financial growth and investor protection. A consultation paper on regulations which governs advisory functions in mutual funds is also in the pipeline. Addressing the event, Kumar said India has undergone major market transformations under SEBI's stewardship. These include the shift to an electronic trading ecosystem in 1998, followed by achieving 100 per cent dematerialisation of shares, making India the only jurisdiction globally to do so. 'The third transformation is unfolding now through the mutual fund revolution,' he said, calling it a cornerstone of SEBI's 'optimum regulation' approach, one that seeks balance among the interests of the regulator, the industry, and investors. While India's mutual fund industry has crossed Rs 72 lakh-crore in AUM and monthly SIP contributions have touched Rs 28,000 crore, the investor base remains limited to just five crore in a population of 140 crore, Kumar pointed out. SEBI is also actively reviewing scheme categorisation norms to make them more intuitive for investors, while ensuring all offerings remain 'true to label' to prevent mis-selling. To offer wider choice to investors, SEBI has approved a new product category, referred to as SIF, aimed at investors with ticket sizes between Rs 10 lakh and Rs 50 lakh. Mutual funds were selected to manage these products given their established governance and handling of retail flows. Parallelly, SEBI has opened faster registration windows for Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) with similar offerings. Addressing industry concerns over stress test disclosures for mid- and small-cap funds, Kumar reaffirmed SEBI's disclosure-based regulatory model, stressing that informed investors are central to market resilience. While he acknowledged that some disclosure requirements may seem burdensome, he assured stakeholders that SEBI remains open to feedback and streamlining processes. He urged the industry to avoid situations that warrant regulatory intervention, saying, 'Our goal is not to disrupt but to allow business to thrive.' Highlighting the untapped potential in eastern India, Kumar said SEBI views West Bengal and the Northeast as strategic regions for mutual fund expansion, underscoring the need for targeted penetration efforts. Echoing this vision, AMFI chief executive V N Chalasani said India is transitioning from financial inclusion to financial well-being, where saving smartly and investing wisely will enable sustainable wealth creation. He cited the exponential growth of mutual funds post-2017, following SEBI's investor education mandate, which helped expand the investor base and improve financial awareness. However, Chalasani pointed out that India's mutual fund AUM still forms only about 20 per cent of GDP, compared to a global average of 65 per cent. He stressed the need for deeper financial literacy, especially in Tier 3 and 4 cities, where AMFI is focusing through school and university programmes, distributor expansion via India Post, and new product innovations aimed at mid-income investors. 'Every Indian can evolve from a saver to an investor and ultimately a wealth creator,' he said, calling for sustained collaboration between regulators, industry, educators and investors to build an empowered, financially resilient India. PTI BSM MNB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
