Latest news with #MCCI
Business Recorder
2 days ago
- Business
- Business Recorder
FCCI chief visits Makkah Chamber: ‘Direct contacts between traders should be promoted'
FAISALABAD: Brotherly relations between Pakistan and Saudi Arabia must be translated into economic terms and in this regard direct contacts between the business communities of the two countries should be promoted on war footings, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). He was discussing matters of mutual interest with Abdullah Omer Qazi, Chairman Tourism Committee of the Makkah Chamber of Commerce & Industry during his visit to the MCCI in Saudi Arabia. He expressed satisfaction over the modest increase in trade volume between Pakistan and Saudi Arabia and said that private sectors of two countries should play a proactive role after improvement in trade cooperation at the government levels. Rehan Naseem Bharara invited the leadership of MCCI to visit FCCI. Abdullah Omer Qazi accepted the invitation and said that there were huge chances of investment in Pakistan and Saudi investors would exploit this available and untapped potential for mutual benefit. He particularly appreciated the establishment of the Special Investment Facilitation Council (SIFC) in Pakistan and said that it would open new avenues of direct foreign investment particularly from Saudi Arabia. He also explained in detail the vision 2030 of Saudi leadership and said that it would help the transformation of the Kingdom into a modern, dynamic and progressive country. Earlier Secretary General MCCI Dr Thamer Ahmad Baazeem received and welcomed the President FCCI. Later Rehan Naseem Bharara and Abdullah Omer Qazi exchanged shields of their respective organizations. Fahad Saud Damanhouri Director Business Development of MCCI, Hafiz Shafique Kashif former ECM FCCI and Chaudhary Kashif Nawaz Randhawa were also present during this meeting. Copyright Business Recorder, 2025
The Hindu
09-07-2025
- Business
- The Hindu
MCCI president meets Consul General of France
The president of Mysore Chamber of Commerce and Industries (MCCI) K.B. Lingaraju met Consul General of France Marc Lamy during the Big Tech show held at Infosys campus in Mysuru last week. A statement from MCCI said that Mr. Lingaraju during his meeting with Mr. Lamy on July 5 discussed in detail about the opportunities available in the Information Technology and Bio-Technology sectors in Mysuru. Vice-president of Federation of Karnataka Chamber of Commerce and Industries (FKCCI) Sairam Prasad and other industry representatives viz Ramesh Patil and Praveen also participated in the discussion, the statement added.
Fibre2Fashion
08-07-2025
- Business
- Fibre2Fashion
Bangladesh's June 2025 PMI sees slower expansion rate
Bangladesh's purchasing managers' index (PMI) declined by 5.8 points month on month (MoM) in June this year to 53.1—a slower expansion rate. The reading indicates that the overall Bangladesh economy continued to expand for nine months in a row. It was attributed to a first-time contraction for the construction sector, whereas slower expansion rates were observed for the rest of the important sectors: agriculture, manufacturing and services. Bangladesh's PMI declined by 5.8 points month on month in June this year to 53.1â€'a slower expansion rate. The reading indicates that the overall Bangladesh economy continued to expand for nine months in a row. The manufacturing sector posted its 10th month of expansion, but at a slower rate. The sector saw contraction readings for the indices of input purchases, finished goods, imports and employment. The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, and Policy Exchange Bangladesh (PEB) released the PMI data. The manufacturing sector posted its 10th month of expansion, but at a slower rate. The sector posted contraction readings for the indices of input purchases, finished goods, imports and employment, domestic media outlets reported. Slower expansion readings were recorded for the manufacturing indices of new orders, new exports, factory output, input prices and supplier deliveries. The order backlogs reverted to an expansion reading after having recorded contractions for 10 consecutive months. The agriculture sector posted its 9th month of expansion, but at a slower rate. In terms of the future business index, slower expansion rates were recorded for the indices of manufacturing and construction. Fibre2Fashion News Desk (DS)
India Gazette
25-06-2025
- Business
- India Gazette
India to become 3rd largest economy by 2027, says Piyush Goyal; USD 5 trillion target in 3 years
New Delhi [India], June 25 (ANI): Union Minister of Commerce and Industry Piyush Goyal stated that India will become the third-largest economy by 2027 and become a USD 5 trillion economy in the next three years. He said India is well on track to achieve a 5 trillion dollar economy and that the expectation is to reach this milestone within the next three years. Union Minister of Commerce and Industry, Piyush Goyal, said this while speaking at a webinar hosted by the Merchants' Chamber of Commerce & Industry (MCCI) on 'India's March Towards a $5 Trillion Economy: Navigating Global Challenges' on Tuesday. 'By 2027, we hope to become the third largest economy in the world,' he said. He added that all stakeholders -- government, business community, industry, trade, and 140 crore Indians -- align deeply with the Prime Minister's vision for Viksit Bharat 2047. The Minister noted that India has successfully defended its interests wherever issues are sensitive and secured benefits in sectors where Indian industry has a comparative advantage and can compete fairly with the world. He added that India's international standing today is at an all-time high. 'The Indian passport today is a guarantee of safety and security,' he said, citing Operation Sindhu as a recent example of the government's commitment to the safety of Indian citizens abroad. The Minister said that the government under Prime Minister Narendra Modi has focused on quantum change, not incremental progress, and it has focused not only on growth but also on inclusive, sustainable, honest growth. 'History reminds us that great economies are not built in calm waters. Great economies are built in turbulent seas,' Goyal emphasised, adding that this is India's time to seize the moment and that the opportunity must not be missed. On India's economic strength, Goyal stated that the country has moved from being part of the fragile five to becoming one of the top five economies in the world. 'We have a strong macroeconomic foundation. Our banking system is strong and robust, with a high ability to lend. Our inflation is among the lowest India has ever seen -- down to 3 per cent again,' he said. The Minister concluded by saying that 140 crore young Indians, with big aspirations and dreams, are striving for a quality life, and the government is committed to supporting this through decisive leadership and a resilient economy. Commerce and Industry Minister said that his government has focused on achieving growth that is calibrated for the Indian story and that believes in Seva, Sushasan and Navachar -- Service, Good Governance and Innovation. The Minister highlighted that MCCI will continue to play a very important role during Amrit Kaal in achieving this goal. He said that such dialogues help the government better understand what needs to be done to support industries, even in the face of global volatility, turbulence, and uncertainty. He praised MCCI's 124-year journey, calling it a bridge between the government, stakeholders, and industries. 'MCCI can be called as Mobilising Commerce and Connecting Industries, because that is exactly what MCCI does,' he said. (ANI)
NDTV
25-06-2025
- Business
- NDTV
India On Track To Become $5 Trillion Economy By 2027: Piyush Goyal
New Delhi: India is well on track to achieve a $5 trillion economy and the expectation is to reach this milestone within the next three years, Commerce and Industry Minister Piyush Goyal has stressed. By 2027, "we hope to become the third largest economy in the world," he said, adding that all stakeholders - government, business community, industry, trade, and 140 crore Indians - are deeply aligned with the Prime Minister's vision for 'Viksit Bharat 2047'. The minister stated that the government, under Prime Minister Narendra Modi, has focused on quantum change, not incremental progress and it focused not only on growth, but on inclusive, sustainable and honest growth. He was speaking at a webinar hosted by the Merchants' Chamber of Commerce and Industry (MCCI) on 'India's March Towards a $5 Trillion Economy: Navigating Global Challenges'. On India's economic strength, Mr. Goyal stated that the country has moved from being part of the fragile five to becoming one of the top five economies in the world. "We have a strong macroeconomic foundation. Our banking system is strong and robust, with high ability to lend. Our inflation is among the lowest India has ever seen - down to 3 per cent again," he said. The minister further said that the government has focused on achieving growth that is calibrated for the Indian story and that believes in 'Seva, Sushasan and Navachar; - Service, Good Governance and Innovation. He highlighted that MCCI will continue to play a very important role during Amrit Kaal in achieving this goal. Such dialogues help the government better understand what needs to be done to support industries, even in the face of global volatility, turbulence, and uncertainty. "History reminds us that great economies are not built in calm waters. Great economies are built in turbulent seas," Mr. Goyal emphasised, adding that this is India's time to seize the moment and that the opportunity must not be missed. He praised MCCI's 124-year journey, calling it a bridge between the government, stakeholders, and industries. "MCCI can be called as Mobilizing Commerce and Connecting Industries, because that is exactly what MCCI does," Mr. Goyal added.
