Latest news with #PHDChamberofCommerceandIndustry
India.com
11 hours ago
- Business
- India.com
Pharmaceuticals, IT services, Electronics and Auto components: How will Donald Trump's 25 percent tariffs affect India? Experts say India will now...
Donald Trump- File image New Delhi: In a shocking turn of events for India-US trade relations, the US, under the leadership of President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. The surprise announcement came a day after Indian officials said that a US trade team would visit from August 25 to negotiate a trade deal. After the imposition has been announced, several industry experts have expressed opinions on how the tariffs are going to impact the Indian market. Which key Indian sectors will be impacted? Auto & Auto Components : This sector may be hit hard, with companies like Tata Motors (Jaguar Land Rover) and auto component exporters exposed to the US market. Electronics & Textiles : These sectors could see increased pressure due to higher tariffs, making Indian goods less competitive. Pharmaceuticals & IT Services: These sectors remain largely exempt from the new tariffs, but could face indirect impact if US economic activity slows. What do experts say on US tariffs on India? Reacting to the development, PHD Chamber of Commerce and Industry (PHDCCI) President Hemant Jain said that the United States' recalibrated trade policy, which is also targeting other major exporters like China, Vietnam, and Bangladesh, signals a larger supply chain realignment, as per a report carried by news agency IANS. 'While Indian MSMEs may feel an initial impact, this is also an opportunity. Global buyers are now looking to de-risk from overdependence on a few geographies, and India is emerging as the most credible, democratic, and scalable alternative,' Jain was quoted as saying by the report. Gem and Jewellery Export Promotion Council (GJEPC) Chairman Kirit Bhansali struck a cautious tone, appealing for diplomatic engagement. 'We urge the US administration to reconsider and call on both governments to engage in constructive dialogue that safeguards bilateral trade and protects the millions of jobs that depend on it on both sides,' he said. (With inputs from agencies)
Hindustan Times
16 hours ago
- Politics
- Hindustan Times
Building secure, resilient ammunition ecosystem an operational necessity: Lt Gen Aujla
New Delhi, Describing ammunition as not just a product but an "aspect of strategic deterrence", Lt Gen A S Aujla, Master General Sustenance of the Indian Army, on Wednesday pitched for building a secure and resilient ammunition ecosystem that brings smart solutions, saying it is not an aspiration but an "operational and a national necessity". Building secure, resilient ammunition ecosystem an operational necessity: Lt Gen Aujla In his address at a defence conference here, he also suggested that the country should come up with some kind of "ammunition vision", whether it is for 2030, 2035 or 2040. There has to be a "national cause, a national vision and an objective where we work on a mission mode to achieve something", he added. Lt Gen Aujla said wars are becoming increasingly intensive and complex in nature, and the global landscape related to ammunition is also "changing" at a rapid pace. So, the Indian armed forces are also preparing to face these challenges in a very deliberate, strategised kind of manner and the bottomline is that "we should be strategically prepared at all time", he added. By focussing on the hybrid and asymmetric warfare, cyber and AI, and the information warfare, investment in space capabilities and taking care of the counter-drone and counter-missile systems, Lt Gen Aujla asserted, "I think we are positioning ourselves... to navigate through the evolving contours of future warfighting in a holistic kind of a manner." "And, in all of this, ammunition automatically becomes the cornerstone or the defining... potential capabilities and capacities," he said. In his address, the Army's Master General Sustenance shared some figures to show the force's bid to achieve 'Atmanirbharta' in ammunition field. "In terms of our present ammunition ecosystem, we have got 175 different variants of ammunition on our inventory, of all types, small, medium and heavy types. Out of these 154 are today indigenised. It is a mini-success kind of a story as to where we were 3-4 years back and where we are now. I think it is a very drastic and a very upscale kind of transition that is happening," the officer said. "We were less than 30 per cent indigenous just about four years back, today we are 90 per cent indigenous. The balance 31, 12 are in very advanced stages of trials. So, they are also equally indigenised," he added. And, in the roadmap formulated, "we will be very, very soon 100 per cent indigenous, apart from a few components". Lt Gen Aujla also underlined that the Army is looking at smart and intelligent solutions related to ammunition which are "tailor-made and customised to suit our operational requirements". The 'Ammo Conference' was hosted by the PHD Chamber of Commerce and Industry . Secretary , Sanjeev Kumar, in his address said the demand for ammunition will surge during time of adversarial relationship or adversarial situation at the border. "So, how does one create a surge capacity when the demand during peacetime is fraction of what is required when the situation is not peaceful," he added. Lt Gen Aujla urged all stakeholders to work on the learning from Operation Sindoor and other military conflicts in the world. "Wars or conflicts today are being characterised by being swift, being fast, short or long is something that has to be seen as to how they unfold. But, they are becoming lethal, they are becoming precise. In fact, they are now getting refined by precision firepower, rapid mobilisation and multi-domain synergy between land, air, sea, robotics, cyber, space and so on and so forth," he said. "We are looking at safeguarding our national security, maintaining a strategic kind of a dominance. We are working to achieve a 24x7 kind of an operational preparedness and we also want to have a credible kind of a capability to achieve our short, medium and long term strategic goals," the officer added. Lt Gen Aujla said when one looks at new-generation ammunition that have revolutionised warfare or warfighting practices, then which are the "ones we are wanting to align ourselves" as the magnitude and spectrum is huge. He cited examples of hyperosonic technology, loitering munitions, direct energy weapons as desirable requirements for the Indian force. "Ammunition is a not a product of a resource, it is an aspect of strategic deterrence... If I have fight tomorrow's battlefield, then I should not be looking at yesterday's supply chains," the officer said. The Army's Master General Sustenance asserted that the industry has to pitch in and convergence of all stakeholders has to happen to "ensure a secure ammunition ecosystem" which is resilient, export-capable and smart and intelligent ammunition solutions. "Today to have this is not an aspiration. It is an operational and a national necessity," the officer underlined. "If we do not exploit this window of opportunity now, I think again we will wake up to a ride shock in times to come.. So, let's weaponise our preparedness in peace or it can be said in the otherwise also, let's weaponise peace with preparedness," he said. This article was generated from an automated news agency feed without modifications to text.
The Print
4 days ago
- Business
- The Print
Adaptive reuse, public-private synergy can drive heritage conservation: Report
The report — 'Building Public-Private Synergies for Heritage Conservation' — was released at an international heritage tourism conclave held on the premises of the iconic Lukshmi Vilas Palace in Gujarat's Vadodara on July 25. Jointly made by a leading business chamber and a global consultancy firm, it has also recommended 'adaptive reuse' of old buildings through PPP model and 'CSR funding' for heritage conservation. New Delhi, Jul 27 (PTI) Emphasising that heritage conservation must be seen as both a 'moral obligation and a strategic investment', a new report has pitched for greater synergy between public and private sectors, and use of digital technology to drive preservation efforts. Tourism, conservation and industry experts gathered at the conclave and deliberated on leveraging India's rich heritage for economic revitalisation, community development, and cultural continuity. 'Heritage conservation must be seen seen as both a moral obligation and a strategic investment, where country's heritage could be transformed from static monuments to vibrant and living symbols of identity, enabling it to continue inspiring and enriching future generations,' the 28-page report says. It also cited some successful conservation projects in various parts of India, as well as well-known preservation models in the UK, Spain, Italy and other countries. The report, jointly made by the PHD Chamber of Commerce and Industry (PHDCCI) and KPMG in India, stresses that heritage conservation in India is 'at its defining moment'. It must be recognised that the 'cultural landscape' around a heritage site is 'critical for the interpretation of the site and its built heritage', and thus is very much its integral part. Owing to its importance and nature of role in serving as a record for future generations, it becomes imperative to preserve this history and culture, hence requires time-to-time conservation, it says. The report through succinct examples underlines that heritage conservation means all the processes of looking after a place to retain its historical, architectural, aesthetic, cultural significance and includes maintenance, preservation, restoration, reconstruction and adoption or a combination of more than one of these. It also lays emphasis on adaptive reuse of heritage buildings as cafes, museums, galleries or other cultural spaces, and creating synergy through public-private-partnership (PPP) models, citing the case study of Uttar Pradesh. Besides, the report also recommends funding through Corporate Social Responsibility (CSR) and underlines coupling it with community outreach for best results. The report acknowledges the role of technology in this sector, and pitched for using Augmented Reality/Virtual Reality (AR/VR) for immersive storytelling and smart management tools for visitors' analysis and climate-responsive monitoring. On digital preservation, it emphasised on using technology to document, conserve and promote heritage and create inventories, especially for sites vulnerable to climate threats or human conflict. It also pitched for combining state and private funds to increase the overall funding available for heritage conservation projects. By combining state and private funds, heritage conservation projects can 'reduce their dependence on a single funding source', access a wider range of resources, expertise, this ensuring greater financial stability and sustainability of conservation efforts. As travellers increasingly seek authentic, immersive experiences, heritage tourism has emerged as a 'cornerstone of cultural identity, community empowerment, and regional branding, the report says. India, with its vast inventory of monuments, UNESCO World Heritage Sites, historic towns, palaces, forts, and intangible traditions, is 'uniquely positioned to lead this space'. India is endowed with iconic sites such as the Taj Mahal, Red Fort, Humayun's Tomb, ruins of old Nalanda university, ancient temples, medieval tombs and colonial-era structure and relics, which draw both awe and interest and intrigue among travellers. According to the Ministry of Tourism, Government of India's annual report (2022), cultural and heritage tourism is an important and evolving concept within India's total tourism economy, with growth potential fuelled by rising domestic demand and international interest in India's civilisation legacy, the report says. Citing a 2024 report, it further says that India's heritage tourism market is projected to reach USD 57.14 billion by 2033, driven by its rich cultural diversity, along with rising global interest in spiritual and experience travel, boosting domestic and international tourist inflow. The PHDCCI-KPMG report also cites some of the challenges facing efforts for heritage conservation, such as inadequate funding which can lead to neglect, deterioration, and loss of heritage sites; lack of technical expertise; insufficient community engagement; and maintenance challenges. The other factor is complexity of heritage projects. Heritage assets are often complex and multi-faceted. The complexity of such assets can make it challenging to develop effective conservation strategies. PTI KND MNK MNK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
5 days ago
- Business
- Hindustan Times
Energy tariff for industries: Gurugram-Faridabad industrialists seek regulator's intervention
A delegation of industrialists from Gurugram and Faridabad associated with the PHD Chamber of Commerce and Industry (PHDCCI) on Friday sought the intervention of Haryana Electricity Regulatory Commission (HERC) to bring the energy tariff for industries at par with neighbouring Punjab, Himachal Pradesh and Rajasthan. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefited from lower electricity tariffs. The delegation met with HERC member (legal) Mukesh Garg to discuss their concerns related to the recently revised electricity tariffs for industrial units in Haryana. As per a statement, the representatives said that Haryana's industrial electricity tariff should be brought in line with neighbouring states to ensure industrial competitiveness and attract fresh investments. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefited from lower electricity tariffs. Responding to the concerns, HERC member Mukesh Garg said that the commission being a quasi-judicial body which can only consider petitions filed under the provisions of the Electricity Act, 2003. He said that if any consumer has objections related to the fuel surcharge adjustment (FSA) or the tariff structure, they are required to file a formal petition before the commission, upon which an appropriate decision can be made. Garg said that the commission was hearing a review petition filed by the Yamunanagar-Jagadhri Chamber of Industry and Commerce and Laghu Udyog Bharati. He said that prior to issuing the tariff order for the financial year 2025-26 on March 28, the commission had conducted a public hearing in which all stakeholders were provided the opportunity to present their views.
Time of India
6 days ago
- Business
- Time of India
Faridabad, Gurugram industrialists meet Haryana Electricity Regulatory Commission to seek tariff revision
1 2 3 Chandigarh: In no mood to give up against increased electricity tariffs, a delegation of prominent industrialists from Gurugram and Faridabad, associated with the PHD Chamber of Commerce and Industry (PHDCCI), on Friday met Mukesh Garg, a member (law) of the Haryana Electricity Regulatory Commission (HERC), at the commission's office in Panchkula. The representatives submitted that Haryana's industrial electricity tariff should be brought in line with those of neighbouring states like Punjab, Himachal Pradesh, and Rajasthan to ensure the state's industrial competitiveness and attract fresh investments. In support of their submission, the delegation also presented a comparative study report highlighting how industries in neighbouring states benefit from lower electricity tariffs. Responding to the concerns, HERC member (law) Mukesh Garg clarified that the commission is a quasi-judicial body which can only act upon properly filed petitions under the provisions of the Electricity Act, 2003. He stated that if any consumer has objections related to the Fuel Surcharge Adjustment (FSA) or the tariff structure, they are required to file a formal petition before the commission, upon which an appropriate decision can be made. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo He further informed that the commission is presently hearing a review petition filed by the Yamunanagar-Jagadhri Chamber of Industry and Commerce and Laghu Udyog Bharati. He also shared that prior to issuing the tariff order for the financial year 2025-26 on March 28, the commission conducted a public hearing in which all stakeholders were provided the opportunity to present their views. Garg assured that both he and the commission's chairperson Nand Lal Sharma are fully committed to ensuring strict adherence to the provisions of the Electricity Act, 2003, and that the interests of consumers remain paramount at all times. Present during the meeting were PHDCCI Haryana Chapter co-chair Shri Pranav Gupta, senior industrialist M K Gupta, IMT Industrial Association Faridabad president Pramod Rana, along with several other representatives. The delegation also submitted a formal memorandum requesting a review and possible revision of the electricity tariff. MSID:: 122907278 413 |
