PHDCCI urges to focus on ‘EoDB’ in Union Budget 2024-25
NEW DELHI : The PHD Chamber of Commerce and Industry has presented a set of recommendations for the Union Budget 2024-25 , with a major emphasis on enhancing the “Ease of Doing Business” in India. Recognising the country’s remarkable rise in the World Bank’s Ease of Doing Business Ranking, the Chamber advocates for continued efforts to make India a more attractive destination for investments and business setups.
India’s ascent in the Ease of Doing Business Ranking, from 142nd in 2014 to 63rd in 2019, reflects significant improvements. However, the PHD Chamber acknowledges the need for further enhancements, particularly in tier 2 cities, SMART Cities, internal parts of the country, and rural areas.
The recommendations stress the importance of creating a unified platform for businesses to interact horizontally and vertically, promoting intra-industry and inter-industry trade. While digital platforms like the National Single Window System ( NSWS ) offer benefits, the Chamber suggests targeted efforts to ensure broader penetration, especially in areas where internet access may be limited.
One key concern highlighted is the need for rigorous national information dissemination about available benefits, particularly for MSMEs. The Chamber suggests leveraging small finance banks and nationalised banks as agents in remote areas to facilitate businesses’ access to benefits and ease of doing business.
Addressing the cost aspect of doing business, the Chamber recommends a focus on reducing costs at the factory level, including capital, power, logistics, land, labour, and compliance costs. Specific recommendations include transmitting the full effect of the status quo in repo rates and lending rates to reduce the cost of capital, addressing high power charges, simplifying land acquisition procedures, improving export logistics infrastructure, and simplifying regulatory compliances.
The Chamber also emphasises the importance of reducing the overall cost of doing business to enhance the competitiveness of Indian industries and exporters. Suggestions include a reduction in the cost of logistics, improving the availability of skilled labor, and simplifying compliance procedures.
As India aims to boost economic competitiveness and attract more investments, the PHD Chamber’s recommendations in facilitating the “Ease of Doing Business” could play a crucial role in shaping the economic landscape in the coming fiscal year.
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PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy advocacy role, positively ...
PHD Chamber of Commerce and Industry (PHDCCI) has been working for the promotion of Indian industry, trade and entrepreneurship as a catalyst for the past 116 years and is a forward looking, proactive and dynamic pan-India apex organization. As a partner in progress with industry and government, PHDCCI works at the grass roots level for ...
About the Chamber. PHD Chamber of Commerce and Industry (PHDCCI) has been working as a catalyst for the promotion of Indian industry, trade and entrepreneurship for the past 117 years. It is a forward looking, proactive and dynamic PAN-India apex organization. As a partner in progress with industry and government, PHDCCI works at the grass ...
About us. PHD Chamber of Commerce and Industry, established in 1905, is a proactive and dynamic National Apex Chamber working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy ...
PHD Chamber of Commerce | 4,708 followers on LinkedIn. PHD Chamber of Commerce and Industry, established in 1905, is a proactive and dynamic multi-State apex organisation working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy ...
PHD Chamber Of Commerce and Industry, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi. 32K likes · 78 talking about this. Welcome to the PHD Chamber of Commerce and Industry.PHD Chamber of...
The PHD Chamber of Commerce and Industry (PHDCCI [1]) - Rajasthan is a trade and industry body of Rajasthan state in India. It is a non-government, not-for-profit industry-led and industry-managed organization, which claims to play a role in industrial development processes. PHDCCI has a membership of over 120 industries and entrepreneurs from ...
NEW DELHI, May 2, 2023 /PRNewswire/ -- PHD Chamber of Commerce and Industry (PHDCCI), in collaboration with Association Internationale du Film d'Animation (Asifa) India, has organized a festival ...
Significant pickup in India's exports is in line with the projections made by PHD Chamber of Commerce and Industry in its report on 'Growth Dynamics of India's Exports' released in the month of June 2023, said Mr. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry in a press statement issued here today. The industry body ...
The Government of India is looking for anyone who manufactures any of the items listed below. Especially from among our diverse MSME Sector. ... PHD Chamber of Commerce and Industry(PHDCCI) is one of the Premier Chambers in India to have been accredited with Diamond Grade by NABET(QCI), at national and international level. ... Term Of Use ...
NEW DELHI : The PHD Chamber of Commerce and Industry has presented a set of recommendations for the Union Budget 2024-25, with a major emphasis on enhancing the "Ease of Doing Business" in India. Recognising the country's remarkable rise in the World Bank's Ease of Doing Business Ranking, the Chamber advocates for continued efforts to make India a more attractive destination for ...
Contact info. Call Us +91 11-49545454 . Fax +91 11-26855450 . [email protected]. PHD Chamber of Commerce
PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages.
PHD Chamber of Commerce and industry Dec 2022 - Aug 2023 9 months Head, Program Directorate of Startup20 Engagement Group, India G20 Presidency, Government of India
The International Climate Summit 2023, organised by PHD Chamber of Commerce and Industry on 14 & 15 September 2023, sets the stage immediately after the 2023 G20 New Delhi Summit for a global dialogue & actionable outcomes on climate change mitigation from an Indian perspective - blending our repository of deep spiritual knowledge and wisdom ...
Follow Us. Union Budget 2023-24: PHD Chamber Spells 5-Pronged Strategy To Revitalize Private Investments. New Delhi: India's finance minister Nirmala Sitharaman has begun the first round of ...
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PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages.The Chamber ... (PHDCCI) is one of the Premier Chambers in India to have been accredited with "Diamond Grade" by NABET(QCI), at national and international level.
PHD Chamber of Commerce and Industry, PHD House, 4/2 Siri Institutional Area August Kranti Marg, New Delhi 110016 +91-11-26863801-04, +91-11-49545454 ... India-Nepal Centre. Team. PHD ANNUAL REPORT & PHD BULLETIN. MS. NEELU KAPOOR. Consultant. Email: [email protected]. Team. PHD Rural Development Foundation. DR. KADAMBARI.