INN Live Urdu News Channel - India Breaking News, Headlines, Hyderabad اردو خبریں » ASSOCHAM Tue, 31 Mar 2015 14:16:42 +0000 en-US hourly 1 Telangana gets Rs 3.3 Lakh Cr investments: Study Thu, 31 Jul 2014 15:10:29 +0000

Hyderabad, July 31 (INN): As of June 30, 2014 Telangana state has attracted total live investments worth about Rs 3.3 lakh crore with construction and real estate (28 per cent), services (other than financial – 23 per cent), electricity (19 per cent), irrigation (16.5 per cent) and manufacturing (12 per cent) sectors together accounting for almost 99 per cent of these investments while mining is a minor investment destination accounting for the remaining one per cent share.

Ownership-wise, private sector accounts for almost 59 per cent of the total investments attracted by Telangana state with domestic private sector garnering lion’s share of 56.4 per cent and while private foreign investors account for the remaining share of about 2.4 per cent, noted the strategy paper prepared by The ASSOCHAM Economic Research Bureau.

While the State Government accounts for almost 29 per cent in the total investments attracted by Telangana followed by the share of about 12 per cent acquired by the Central Government and Government Local Bodies account for the remaining share.

“Telangana needs to focus on a strategy of using the public investment exclusively for development of primary sector and private investment for industry and services sectors,” said ASSOCHAM national secretary general DS Rawat “In line with this strategy, the state needs to restrict itself to the role of regulation while the private sector develops and manages the industry and services sectors.”

However, projects with about 30 per cent share in total investments attracted by Telangana are facing delay in implementation owing to a plethora of reasons like land acquisition delays, fund constraints, delay in environmental and other clearances along with law and order problems.

“While projects with about 70 per cent share in investments are being implemented, over 20 per cent investment projects are in announcement stage, while implementation of about seven per cent projects have been stalled and there is no information about projects with about three per cent share in total investments,” highlighted the ASSOCHAM strategy paper.

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Creating infrastructure outside Hyderabad should be focused upon: ASSOCHAM Thu, 31 Jul 2014 15:07:02 +0000

Hyderabad, July 31 (INN): Apex industry body ASSOCHAM has suggested Government of the newly formed state of Telangana to expedite timely completion of ongoing infrastructure projects and also take up new physical infrastructure projects to bridge the divide between Hyderabad and other parts of the state.

“Developing infrastructure in Telangana is essential for reducing costs of economic activities thereby leveraging public resources to access a large pool of private resources and providing an environment that help benefit from liberalized policies,” noted a strategy paper titled ‘Realizing Growth Potential of Telangana,’ undertaken by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

“With a view to highlight the commitment of new government, the state needs to roll out a strategy for taking growth to other parts of Telangana as aspirations for generating more jobs and improved standard of living have mainly fuelled the formation of India’s 29th state,” suggested the strategy paper that was jointly released by Mr Ravindra Sannareddy, chairman of Southern Region Development Council of ASSOCHAM along with its national secretary general, D.S. Rawat at a press conference held here in Hyderabad today.

“The paper has already been submitted to the Chief Minister and other concerned authorities and with a view to mobilize investments in the state, ASSOCHAM would be holding ‘Invest Telangana,’ in December this year,” said Rawat.

Telangana has a revenue surplus of Rs 3,555 crore for 2014-15 fiscal, however, the internal debt burden of over Rs 1.45 lakh crore of united Andhra Pradesh (after the Centre waived Rs 18,000 crore debt) to be apportioned between the two states on the basis of population ratio, Telangana would be left with a loan burden of Rs 61,000 crore, noted the ASSOCHAM paper. “As such, mobilizing resources to fulfill promises made in the election manifesto is the single most immediate concern for the State Government.”

“Employment generation is the key to development of Telangana state which has got relatively limited success in leveraging its spatial and human resource advantages for attracting investments in sunrise industries,” noted paper prepared by the ASSOCHAM Economic Research Bureau (AERB).

The available human resources of Telangana are largely considered to be unsuitable to work in a dynamic corporate environment, therefore, it is imperative to establish state of the art training centres through co-operation of the corporate sector across the state, recommended the ASSOCHAM paper. “This would reassure the corporate sector about the quality of state’s human resources and come forward for setting up knowledge based industries.”

The new state needs to pay more focus on improvement of power sector and the state must initiate adequate measures to reduce quantitative and qualitative shortfall of power supply across the state, particularly for industries, the strategy paper added. “The state needs to encourage private sector participation in efforts to enhance the generation capacity.”

The State Government must focus on sanctioning of new solar power projects and monitor their implementation on priority. Besides, vacant government owned lands must be allocated for installing viable concentrated photovoltaic and wind turbine generators.

In its strategy paper, ASSOCHAM has also stressed upon the need for the state to effectively marshal, harness and synergize developments to realize employment and growth opportunities in the biotechnology sector. “Employment generation, intellectual wealth creation, expanding entrepreneurial opportunities and augmenting industrial growth warrant a focused approach for development of biotechnology in Telangana.”

The chamber has also suggested the state to scientifically develop the food processing industry leveraging unexploited natural strengths of Telangana in this regard. Besides, the state has huge potential to promote growth and development of poultry and dairy industries across the state to emerge as an additional source of income for farmer community.

Providing adequate long-term finance to micro, small and medium enterprises (MSMEs), promoting tourism sector through up-gradation of tourist infrastructure are other significant recommendations highlighted in the ASSOCHAM strategy paper.

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United AP acquired highest share in total domestic tourist visits: Study Wed, 30 Jul 2014 13:48:37 +0000

Hyderabad, July 30 (INN): Emerging as the most-preferred tourist destination for domestic travelers, United Andhra Pradesh accounted for lion’s share of about 20 per cent in the total domestic tourist visits of over 103 crore across India as of 2012, noted a recent ASSOCHAM study.

Clocking compounded annual growth rate (CAGR) of over 85 per cent, Andhra Pradesh (AP) has recorded significant surge in domestic tourist arrival in the state which crossed 20 crore mark in 2012 from a level of 11 crore in 2006, according to a study titled ‘Indian Tourism Industry: The way forward,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

However, the Erstwhile Andhra Pradesh did not figure amid top ten states with high share in foreign tourist arrival in India as the state attracted about 2.9 lakh foreign tourists as of 2012 which had increased at a rate of about 11 per cent from 2.6 lakh in 2011.

With outstanding investments worth over Rs 6,800 crore, the erstwhile AP has been one of the frontrunners in this regard as it ranked 5th with 5.7 per cent share amid 20 major states attracting total investments worth over Rs 1.2 lakh crore in hotels and tourism industry across India, highlighted the study prepared by the ASSOCHAM Economic Research Bureau (AERB).

“There is a huge scope for luring investments from the private sector in the two new States – Telangana and residual Andhra Pradesh that are endowed with abundant entrepreneurial talent, highly competent bureaucracy and forward looking political leadership,” said D.S. Rawat, National Secretary General of ASSOCHAM while releasing the findings of the chamber’s study.

“There is a need for both the state governments to provide clear land bank policies for improving the physical infrastructure in order to attract new investments in the hospitality sector in their respective states,” he added.

“They should also develop the tourism sector based on their respective core natural strengths, besides, they should also conduct tourism fair and festivals for showcasing the rich cultural heritage on a regular interval,” said Rawat. “Developing trained manpower possessing requisite soft skills is also very essential for them to emerge as India’s top tourist destinations and the same can be done by conducting short-term training programs with focused skill development catering to people engaged in hotels, travel agencies, staff at railway stations, bus stands, staff and guides at monuments.”

“There is tremendous scope to develop star-rated hotels across both the new states to offer quality experiences as second tier cities in the country hold huge potential to drive up the hotel and tourism industry,” said Rawat. “The state governments should develop tourism circuits through conjunction of sites as a package in order to offer the tourists a more complete experience.”

“Public-private partnership (PPP) framework must be adopted to build and manage tourist facilities by laying down industry standards, ethics and practices, ensuring preservation and protection of tourist attractions,” added the ASSOCHAM’s national secretary general.

“Driven by the growing middle class with rising disposable incomes and ever-evolving lifestyles, domestic tourism offers tremendous growth potential for growth and development of India’s overall tourism industry,” further noted the ASSOCHAM study. “There is a need to promote domestic tourism as it spurs job creation especially in the marginal, small and medium enterprises (MSMEs), promotes entrepreneurship and accentuates demand for different categories of hotels.”

Apart from Erstwhile AP, the states of Tamil Nadu, Uttar Pradesh, Karnataka and Maharashtra figure amid top five states with highest share in domestic tourist arrival. While Maharashtra, Tamil Nadu, Delhi, Uttar Pradesh and Rajasthan are amid top five states with highest share in attracting foreign tourist arrivals.

Gujarat, Maharashtra, Karnataka and Orissa are leading states attracting significant investments in hotels and tourism industry.

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شہروں کے نوجوان ریئل اسٹیٹ میں کرنا چاہتے ہیں سرمایاکاری Sun, 30 Jun 2013 15:30:56 +0000

نئی دہلی، 30/جون: ہندوستان کے زیادہ تر نوجوانوں کے لئے ریئل اسٹیٹ سب سے پسندیدہ سرمایہ کاری ہے. ایک سروے کے مطابق 85 فیصد نوجوان رئیل اسٹیٹ میں اپنا پیسہ لگانا چاہتے ہیں، کیونکہ اس سے زیادہ اور یقینی منافع ملتا ہے

اسوشام کے سروے کے مطابق تقریبا 85 فیصد شہری نوجوان ریئل اسٹیٹ میں سرمایہ کاری کرنا پسند کرتے ہیں. ایسا اس لئے ہے کیونکہ اس سے منافع ملنا طے ہے. یہی نہیں، منافع بھی زیادہ ملتا ہے. سروے کے مطابق یہ نوجوان سونے، اسٹاک اور ميوچل فنڈ میں سرمایہ کاری سے دور رہتے ہیں کیونکہ ان میں رسک زیادہ ہے. زیادہ تر شہری نوجوانوں کا خیال ہے کہ سونے میں سرمایہ کاری رئیل اسٹیٹ جیسا منافع کا سودا نہیں ہے، کیونکہ ان کو سونے کی قیمت میں کمی کا خدشہ ہے. اس کے علاوہ عالمی بازاروں یا روپے کے کمزور ہونے سے اسٹاک مارکیٹس میں اکثر کمی کا دور رہ رہا ہے

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Panabaka assures measures to enhance handloom sector’s productivity Thu, 11 Apr 2013 12:52:03 +0000

Hyderabad, April 11 : Union Minister of State for Textiles Panabaka Lakshmi on Thursday said that concerted efforts were being made through the schemes and programs to enhance production, productivity, and efficiency of the handloom sector and enhance the income and socio-economic status of the weavers. The Government also provides loan to the handloom weavers at concessional rates, she said.

Panabaka Lakshmi was addressing a session on “Boosting Market Linkages in the Handloom Sector” organised by the Hyderabad Chapter of the ASSOCHAM Ladies League (ALL), the women’s wing of ASSOCHAM which has ace women entrepreneurs as members.

The Minister said that the Handloom industry constitutes 30 per cent of the total export business and this figure could be and must be much higher. She said, “This sector is the country’s second largest employment provider after agriculture and generates employment to more than 65 lakh people. Yet, prosperity and growth needs to reach to weavers and artisans. This can be done by bringing entrepreneurs and industry into the equation. Time has come when we need global market development and extensive industry linkages.”

Well-known youth leader Alka Lamba said, “The element of hand work and unique craft in Indian handlooms make it rightly poised for the upper luxury segments of market and India is richer in this legacy compared to other countries.” Ravita Mayor, Committee Chairperson, Textile & Design, Hyderabad Chapter, ALL, said, “Young designers should promote handlooms in mission-mode and celebrities should come forward to endorse it as brand ambassadors.”

Suman Gahlot, Chapter Chairperson, said “Handloom will remain a focus area for the Hyderabad Chapter of ASSOCHAM Ladies League and more allied events are being planned to push the case for market linkages for handlooms. The Taj Group supports the cause of weavers and has adopted many villages for the same”. Seema Kumar, Chapter Vice-Chairperson, Hyderabad Chapter, ALL, thanked the government dignitaries, ASSOCHAM, and the audience consisting of many elite of Hyderabad including well-known designers and textile business owners. INN

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Job generation drops by over 14.1 per cent: ASSOCHAM Mon, 01 Apr 2013 09:45:00 +0000

Hyderabad, April 1 : Along with the sluggish economic growth rate, the new job generation has declined by 14.1 per cent during the second half of financial year 2012-13 as against the corresponding period last year across India.

“India’s slowing economy and policy unpredictability had significantly slowed down the fresh investments and hurt job creation across the country”, according to the just concluded study undertaken by ASSOCHAM.

“A total of over 5.38 lakh jobs were generated during the financial year 2012-13 across India with 2.65 lakh jobs getting generated in first half of the year and 2.73 lakh jobs during second half of the financial year” according to a sector specific analysis titled ‘Job Trends Across India in 2012-13’.

The ASSOCHAM Economic Research Bureau (AERB) sourced their inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals like,,, and job related advertisements published in national and regional newspapers for about 56 cities and 32 sectors offering job opportunities.

The job scenario for the second half of the financial year 2012-13 reveals that Delhi and National Capital Region (NCR) topped as the job generation center with over 66,000 jobs followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs) to round-up the list of top five employment generating centre’s in India.

Sector-wise, Information technology (IT) ranked on top with 1.2 lakh jobs generated during the second half of the financial year 2012-13 across the country.

Academics and education ranked second with over 19,500 jobs generated in the sector followed by insurance (over 12,000 jobs), financial services (11,680), banking (11,675 jobs), automobile (11,290 jobs), manufacturing (10,670 jobs), engineering (9,835 jobs), and IT hardware (7,000 jobs) as the other leading job generating sectors in India during the second half of the financial year 2012-13.

In terms of growth, aviation sector has registered the highest new job generation growth of over 72 per cent followed by HR (16.3 per cent), academics and education sector (8.0 percent) and real estate (0.2 per cent). Whereas, the rest of the sectors registered negative growth rate that ranged from over 4 to 46 percent during the period.

Among the Tier I cities, while releasing the study ASSOCHAM spokesman said, Hyderabad is the only city which has registered nominal growth rate of 0.1 percent during the second half of the 2012-13 on an year-on-year basis whereas all the remaining cities have shown a negative growth. Ahmedabad registered highest decline in the new jobs generation growth with -37.4 percent followed by Pune (-23.2 percent), Mumbai (-21.6 percent), Kolkata (-18.0 percent), Chennai (-11.3 percent), Bangalore (-9.9 percent) and Delhi/NCRT (-1.6 percent).

In Hyderabad, IT/ Enabled (10673 jobs), Academics and Education (1296 Jobs), IT/Hardware (917 jobs), Automobile (866 jobs) and Engineering (709 jobs) are the major new job generating sector. Among the top five new jobs generating sectors IT/Enabled, Academic and Education and Automobile sector registered positive growth rate whereas IT/ Hardware and Engineering registered negative growth rate. INN

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ASSOCHAM asks unions to call off strike Tue, 19 Feb 2013 13:11:02 +0000

Hyderabad, February 19 : While sharing some of their concerns like rising prices, ASSOCHAM on Tuesday appealed to the central trade unions to call off their two-day strike as the country’s economy will take a hit of big hit of Rs 15,000-20,000 crore from the nation-wide disruption in economic activity.

“The national economy, battling slowdown can ill-afford this situation. In fact, the strike would aggravate the price situation because of disruption in the supply line of essential commodities”, said Rajkumar Dhoot President ASSOCHAM.

Dhoot further said the strike would cripple mostly the services sector like banking, insurance and transport, besides the industrial production. Even the agriculture would be affected as the movement of vegetables, highly perishable items, would be disrupted.

The ASSOCHAM has estimated the national loss figures based on the daily erosion of about 30-40 per cent to the country’s Gross Domestic Production (GDP) for two days. As per the Advanced estimates of the CSO, the national GDP for the current financial year is projected to be about Rs 95 lakh crore. In other words, it is Rs 26,000 crore per day and Rs 52,000 crore for two days. Of this , the strike would take its toll on at least 30-40 per cent – Rs 15,000 crore-Rs 20, 000 crore.

“Given the nature of the strike and involvement of the all the five major central trade unions, it is going to affect largely the services sector including the banking, financial services, tourism, transportation etc, which are the major contributors to the country’s GDP”, added Dhoot.

States like West Bengal, Kerala, Maharashtra, Gujarat, Tamil Nadu, Delhi, Haryana, Karnataka and parts of Uttar Pradesh are likely to be affected significantly. Besides, banking operations including the cheque clearances and some segments of the financial markets would take a hit. Moreover, disruption in railways and other public transportation in major cities would hit the movement of the workforce and the cargo operations at the ports.

The cargo operations both at the airport and ports are likely to be affected, the chamber apprehends.

“Our conservative estimates show that at least 30-40 per cent of the daily GDP would take a hit. For two days, it would be something like Rs 15,000-20,000 crore,” reveals the ASSOCHAM Economic Research (AER) department.

Expressing concerns over the impending strike, Dhoot said, it would not be in the interest of the country’s economy to stop work in the crucial sectors. “While we share some of the concerns like rising prices, the solution lies in working together to ensure that the situation is brought under control by raising production and pumping up the supply. The strike, in fact would put further pressure on the price situation as the prices of vegetables etc would immediately go up because of disruption”.

He said the GDP growth is projected to be at a decade low of about five per cent and several sectors like manufacturing are operating at a much lower scale and work disruption would make a big dent on the economic activity.

“Besides, the services sector which has remained backbone of the economy, has also started slowing down,” he said.

As per the chamber estimates, despite global slowdown and difficult domestic conditions, the Indian industry has not really resorted to job trimming and has generally been working in partnership with the labour-force.

“The labour force is a very important stakeholder in the national activity. In fact, it is the human resource which is India’s advantage vis-à-vis several other high cost economies. Thus, welfare of the workforce is on top of the priorities of the industry and ASSOCHAM is fully committed to ensuring their welfare,” added Dhoot.

He appealed to leaders of the all the central unions including CITU, AITUC, INTUC and BMS to engage with the government and find amicable solutions to the issues raised by them. The Industry shares some of the concerns like rising prices, but then “we need to work together to resolve the issue and ensure better supplies which is possible by higher investment and production. The workers’ role in this area too is of paramount importance,” he said.

Dhoot also appealed to the government to immediately engage with the labour unions to find out amicable solutions to the issues raised by them. INN

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Salaried class demand increase in IT exemption limit Wed, 13 Feb 2013 13:03:02 +0000

Hyderabad, February 13 : A vast majority of salaried class people employed in a host of trade and industry sectors want Finance Minister P Chidambaram to raise the exemption limit of income tax to at least Rs 3 lakh and increase deductions such as medical and educational allowances in the Union Budget so that they are left with more purchasing power, a comprehensive ASSOCHAM survey across major cities, has indicated.

The survey was conducted in major places like Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Ahmedabad, Hyderabad, Pune, Chandigarh, Dehradun etc on “Budget 2013: Common man’s expectations from the FM”. About 2,500 employees from the different sectors were covered by the survey from each city on an average.

Over 89 per cent of the respondent said that the slab of tax free income has not moved up in line with real inflation. The current basic exemption limit of Rs. 2,00,000 should be increased to at least Rs, 3,00,000 with the limit for women going up to Rs 3,50,000. This will increase the purchasing power of individuals and stimulate demand.

“Pushing the basic exemption limit the tax payers in saving taxes and will also align it with the proposals made by the Parliamentary standing committee on the Direct Taxes Code (DTC)”, the survey noted.

With increasing healthcare costs, the existing tax free limit of Rs. 15,000 should be increased to Rs 50,000, the same also needs to be considered in the Budget, said 89 per cent of the respondent.

The transportation allowance granted by the employer to his employee for commuting between the place of work and residence is tax-free to the extent of Rs. 800 per month. This limit was fixed more than a decade ago, and definitely needs to be revised upwards to at least Rs. 3,000 per month, given the rising commuting costs across the country, adds the survey.

“Additional benefits related to housing, the deduction limit for payment of interest (on self occupied property) has remained constant at Rs 1,50,000 since 2001. There is an increase in property prices and accordingly the amount of loan. An increase in the exemption limit to Rs 2,50,000 will be a welcome change”, reveals the ASSOCHAM survey.

“Section 80C of the IT Act provides a deduction of Rs 1,00,000 for certain investments. This provision helps people in making forced savings that helps them in the future. A common man expects this limit to be increased to Rs 2,00,000 with sub-limit of Rs. 50,000 exclusively for insurance and pension, adds D S Rawat, Secretary General, ASSOCHAM.

The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 per cent). After IT/ITeS sector, contribution of the survey respondents from financial services is 11 per cent. Employees working in engineering and telecom sector contributed 9 per cent and 8 per cent respectively in the questionnaire.

Nearly 6 per cent of the employees belonged from market research/KPO and media background each. Management, FMCG and Infrastructure sector employees share is 5 per cent each, in the total survey. Respondents from power and real estate sector contributed 4 per cent each. Employees from education and food& beverages sector provided a share of 3 per cent each. Advertising, manufacturing and textiles employees offered a share of 2 per cent each in the survey results.

Around 55 per cent of the survey respondents fall under the age bracket of 25-29 years, followed by 30-39 years (26 per cent), 40-49 years (16 per cent), 50-59 years (2 per cent) and 60-65 years.

“Investments in infrastructure bonds are currently not allowed as a deduction up to Rs 20,000. These bonds have proved to be quite popular and the limit should be increased to Rs 50,000 and withdrawn must be restored, considering that the Government needs massive funds for the development of the infrastructure sector and also the lock in period be restricted to five years”, added 82 per cent respondents.

Over 71 per cent of the responded demanded for national pension system (NPS) brought under the EEE (exempt-exempt-exempt) as against EET (exempt-exempt-tax) at present. This means that investors get a tax exemption at all three stages of investment, appreciation and withdrawal.” INN

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