TV to remain content king, despite growth in mobile apps: Survey

The number of smartphone users in India is expected to almost double by 2022 from 47 cr registered at the end of 2017, a joint study by ASSOCHAM and PwC said. Fueled by cheap data and the explosion of ‘over the top’ services, the total number of smartphones will hit 86 cr by 2022, which […]

FULL TEXT: Assocham calls move to block FB, WhatsApp “excessive, unnecessary”

Assocham, one of India’s prominent associations of industries, has expressed concern at the government’s proposal to put in place a mechanism to block apps like Facebook, WhatsApp and Telegram. The government has, in a confidential letter sent to internet service providers, asked them to suggest ways in which such apps can be blocked at India’s […]

Modi’s reforms drag, power plants to face low loads, study

India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]

GST to boost Indian electronics manufacturing – Assocham-NEC study

The goods and services tax will give a big boost to domestic electronic manufacturering as costs will be significantly brought down, said a study by ASSOCHAM-NEC. “The local manufacturers will be able to pass on the tax benefit to consumers in the form of price reduction,” said the report titled, ‘Electricals & Electronics Manufacturing in […]

Indians await Amazon, Flipkart offers for Diwali purchases – survey

The upcoming festive season, beginning October 1 is likely to register record-breaking sales, revenues, and highest ever purchase rate per minute for e-commerce giants as most people have deferred their holiday purchasing plans in anticipation of blockbuster offers, an ASSOCHAM survey-cum-analysis found. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) interacted with about […]

Telecom Tower companies will be big beneficiaries of 4G boom – KPMG

Due to the expansion of 3G and onset of 4G technologies, telecom tower industry’s tenancy ratios will increase to 2.9 times by March 2020 from 1.95 times as of March 2015, according to an ASSOCHAM-KPMG joint study. Tenancy ratio refers to the number of tenants (operators) who have put up their antennae and other active […]

Maharashtra tops in investments in hotels & tourism industry: ASSOCHAM study

With a share of almost 17%, Maharashtra has emerged as the top state in terms of attracting investments in the hotels and tourism industry across India, noted a just-concluded study by apex industry body ASSOCHAM. Maharashtra has attracted investments worth over Rs 15,500 Cr of the total outstanding investments worth over Rs 93,400 Cr attracted […]

India online shoppers to jump to 8 cr this year from 5.5 cr – Assocham-PwC study

The number of people shopping online is expected to rise to 8 cr (80 mln) this year from 5.5 cr in 2015 with better infrastructure in terms of logistics, broadband and Internet-ready devices, according to an ASSOCHAM-PwC study. The overall e-commerce industry, valued at $25 billion at present has been growing at a compounded annual […]

Cheap Chinese steel to continue to haunt Indian producers – Assocham

Troubles within China are expected to spell disaster for the Indian steel industry as desperate Chinese manufacturers would dump their products more rigorously abroad, having already registered a growth of 232 per cent in their shipments to Indian ports, an ASSOCHAM study has cautioned. Indian steel makers have already been hit by declining prices due […]

New Black Money law creating fear among the rich – industry chamber

The compliance window in the black money law has created more confusion and fear in the minds of the industry leaders, professionals, trading entrepreneurs, than giving any comfort of stress-free regime that treats the tax-payers with respect, the ASSOCHAM said. India’s black money law has tough provisions for those found to be holding assets and […]

Indian trade forum Assocham to open an office in Iran

The Associated Chamber of Commerce and Industry of India (ASSOCHAM), India’s third biggest industry forum, today announced it will consider opening office in Teheran, immediately after global trade with Iran becomes normal following lifting of international sanctions. Yesterday, Western powers and Iran announced an agreement to move towards normalization of trade and diplomatic relationships. Till […]