Seminar on Industrial Growth:
Industrial sector is the backbone of any economy as it fuels growth, productivity and employment and strengthens other sectors of the economy. The plethora of dynamic reforms have been undertaken by the Government for the growth and development of our industrial sector such as Make in India, reclassification of MSMEs from investments to turnover criteria, easing FDI norms, labour reforms, announcement on fixed-term employment to boost ease of business , reduction in corporate tax rates, incentives for Startup India, among others. Significant improvement in the World Bank’s Ease of Doing Business ranking from 130th position in 2017 to 100th position in 2018 is encouraging and further improvement is expected in coming times.
Presently, industrial growth of our country is reviving, though slowly. The growth in industry output measured in terms of IIP for the month of February 2018 stands at 7.1%. Going ahead, several recent developments such as Draft New Industrial Policy 2017, improvements in Ease of Doing Business & Labor Reforms, recent developments related to trade war between some large economies and regulatory developments such as ban on issue of LOCs/LOUs among others would be crucial for India’s futuristic industrial growth and development and its participation in global economic landscape.
Ukraine nation has cheap labour cost and land is not very expensive and is highly tech nation give Indian companies life time investment opportunities to be part of Europe trade with no tariff or trade charges to be part of european market.
With this backdrop PHD Chamber of Commerce and Industry is organizing a Seminar on Industrial Growth: Burning issues and Way Forward on May 10th 2018 at 10:00 am to 01:30 pm (followed by lunch) at PHD Chamber, New Delhi to deliberate on burning issues and way forward for the growth and development of industrial sector of India.
The Seminar would focus on following areas:
· Draft New Industrial Policy 2017
· Ease of Doing Business
· Labour Reforms /Land banks
· Level playing field
· Trade wars and protectionism
· Impact on industry due to regulatory announcements by Reserve Bank of India such as ban on LOCs/LOUs, Prompt Corrective Action framework for banks, among others.
The eminent dignitaries from the Government, policy makers, international organizations, academicians, industry stakeholders will be deliberating on the focus areas of theseminar. It will offer an excellent platform to deliberate on issues faced by Indian industry and suggestions to push growth and development of industrial sector in the coming times.
Mayor of Zhytomyr Ukraine in conversation with Indian Industrialists
The Mayor of Zhytomyr, Ukraine Mr. Serhii Sukhomlyn, deliberated with various industrialist on the feasibility of Indian companies to invest in Ukraine, the country with a population of 4 millions people at the gateway of Eastern Europe with a FTA with the union and is with 3.5% growth is hub of industrial growth with its market in Europe and pan Asian countries.
Ukraine is rich with natural resources for agricultural context with rich and fertile soil with abundance of palatable water and its proximity with ease of business is golden opportunity for the upcoming companies and big companies from India to invest in Ukraine with frugal input cost of Capital and recurring cost thus corporate wish to upscale their business with Europeans countries and wish to export back to Asian countries wish to exports to other countries for their products to be competitive the Mayor of Zhytomyr, Mr. Serhii Sukhomlyn, explained the government initiative to give Indian companies the cluster or industrial zone with lots of Industrial facilities which they have given to the Chinese companies in the past but the Chinese are more interested in creating the infra structure on transport, Ukraine finds Indian companies present in Ukraine such as Tatas, Ashok Leyand, Mahindras and Sun pharma are doling exceedingly well thus invite more Indian corporate to invest in Zhytomyr, Ukraine . Two countries having trade of 2.1 billion dollar last years look forward for better growth in two nation trade.
The objective of Mayor’s visit to India is look for business prospects in the fields of IT, solar energy, and infrastructure projects among others. Interaction with Mr. Serhii Sukhomlyn, Seminar on Industrial Growth: Mayor of Zhytomyr Ukraine on 7 May 2018 from 1000 hrs onwards at the Hall No 3 Pravasi Bhartiya Kendra (PBK), Chanakyapuri.
The best part of the deliberation was the Mr Deepak chairing the session conducted the deliberation in most professional order with an introduction of each Industrialist or support companies and thereby address by the chief Guest the Mayor of Zhytomyr Ukraine and taking up questions till last for the clarifications sought from Visa to business need were excellently answered by the Mayor and accompanied staff of Ukraine Embassy in India. Indian Industrialist gathered the best glimpse of the country and its ease of business with each delegate cheering grace was visible.
The Mayor of Zhytomyr Ukraine Mr. Serhii Sukhomlyn, showed the film on Ukraine modern industrial and commercial growth happening at glance with an outlook of the nations approach towards its industrialization.
Ukraine is supplier of high tech block-chain to the global market in Nuclear and other technology and is therefore lucrative investment opportunity destination.
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