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Industry ready to strengthen capacity, back-end infra despite second wave

Several industry captains have shown confidence in the economy s recovery prospects and said the capex cycle is reviving and companies are investing to augment their capacity as well as back-end infrastructure. The business leaders, including Sunil Kant Munjal, Harsh Pati Singhania and Sanjay Kirloskar, participating in an AIMA event here, unanimously said the industry is better prepared for the second wave of COVID-19 than it was at the onset of the pandemic last year. Hero Enterprise Chairman Sunil Kant Munjal said there is a tremendous opportunity to invest, both for the financial investors and industrial companies, according to a statement by the All India Management Association (AIMA).

Paper industry likely to witness price correction in days ahead

Paper industry likely to witness price correction in days ahead
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Odisha set to become world-class industrial destination: CM Naveen Patnaik | Bhubaneswar News

Odisha chief minister Naveen Patnaik addresses the annual convention of the FICCI. BHUBANESWAR: Claiming that investors’ sentiment towards Odisha is extremely encouraging, chief minister Naveen Patnaik said on Saturday the state is set to achieve its cherished goal of becoming a world-class industrial destination. Speaking at the 93rd annual convention of the FICCI, state’s industry partner over virtual platform on the subject ‘Aspiring Odisha for Inspired India’, Naveen highlighted Odisha’s industrial ecosystem and growth in the last two decades. He also requested the FICCI to nominate dedicated teams to work with the state government in sectors like food processing, chemicals, tourism and information technology to realise the goal of becoming a world-class industrial destination.

Centre eyes increasing manufacturing share to 30% of GDP to make India Aatma Nirbhar: Gadkari

Centre eyes increasing manufacturing share to 30% of GDP to make India Aatma Nirbhar: Gadkari MSMEs are the backbone of economy; it contributes 30 per cent to India s GDP, 48 per cent in export and till now, 11 crore jobs have been created by MSME sector, says Gadkari BusinessToday.In | December 13, 2020 | Updated 17:03 IST Nitin Gadkari, Minister for MSME, Road Transport and Highways Nitin Gadkari, Minister for MSME, Road Transport and Highways, has said that MSME is the backbone of economy and that the eradication of poverty is the biggest mission for the government. Gadkari, addressing the virtual session Role of MSME s in Aatma Nirbhar Bharat during FICCI s 93rd Annual General Convention, said the government is taking steps towards recognising and facilitating rural entrepreneurs. He said there is a plan to increase the total turnover of Indian rural industry to Rs 2 lakh crore from current Rs 80,000 crore in the next 2 years.

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