Jio World Plaza, designed as an exclusive hub for retail, leisure, and dining, opens in Mumbai.
Sachit Jain, MD, Vardhman Textiles said job creation biggest requirement of the country, and textile and apparel is the industry that has the ability to create maximum number of jobs.
NMCC has estimated that in the next 5 years 100 million jobs will come out of China and India has the potential to get 40-80 million of those jobs and that can only happen if labour reforms are carried out in India.
There could be some relief in the offing for consumer goods industry mostly automobile companies after the landmark SC Judgement on Fiat that pulled up the Italian carmaker for under-pricing its car and selling them below the cost price causing a revenue loss to the governemnt of about Rs 400 crore.
Worried over declining growth of manufacturing, the government has called a high level meeting of central ministries, state government officials as well as industry representatives tomorrow to chalk out strategy for reviving the sector.
The National Manufacturing Competitiveness Council (NMCC) has proposed ending the ban on government purchased of commercial vehicles, reports Ronojoy Banerjee of CNBC-TV18.
With domestic car sales posting the biggest drop in 10 months in August by 18.56%, industry body SIAM today said its forecast of registering a growth of 9-11% in this fiscal is unlikely to be met.
Industry leaders, including Tata Group chief Ratan Tata, TVS Motor CMD Venu Srinivasan, and other members of the reconstituted National Manufacturing Competitiveness Council (NMCC) will tomorrow deliberate on steps that government can take in the Budget to boost growth.