Latest news with #Mittal
Fashion Value Chain
a day ago
- Politics
- Fashion Value Chain
Rajya Sabha MP Dr. Ashok Kumar Mittal Joins All-Party Parliamentary Delegation Visit to Latvia
Dr. Ashok Kumar Mittal, Hon'ble Member of Parliament (Rajya Sabha) and Founder Chancellor of Lovely Professional University, is currently in Latvia as part of a distinguished multi-party parliamentary delegation from India. The delegation is visiting Riga from May 29 to 31, 2025, as part of India's ongoing diplomatic outreach under Operation Sindoor, which emphasizes global solidarity against terrorism. Rajya Sabha MP Dr. Ashok Kumar Mittal Joins All-Party Parliamentary Delegation Visit to Latvia Following high-level engagements in Russia, Slovenia, and Greece, the Indian delegation is holding a series of high-level meetings with Members of the Latvian Parliament (Saeima), senior officials from the Ministry of Foreign Affairs, and key stakeholders from think tanks, academia, media, and the Indian diaspora. Dr. Mittal stated, 'Terrorism is a shared global threat, and India is committed to working hand-in-hand with the international community to eliminate it. Latvia, as a strong democratic partner, plays a vital role in this dialogue, and I am honoured to contribute to this effort on behalf of India.' This marks the first high-level Indian parliamentary visit to Latvia since India established its Resident Mission in Riga in July 2024, underscoring the deepening strategic partnership between the two nations. The visit highlights India's united political stance across parties on zero tolerance toward terrorism and promotes its evolving counter-terrorism doctrine, which prioritizes global cooperation, accountability, and decisive action based on shared commitments to global security, democratic values, and enhanced international cooperation.
Time of India
a day ago
- Business
- Time of India
Sunil Mittal exhorts industry to prioritise 'India-first' approach, focus on talent dividend, R&D
New Delhi: Bharti Group Chairman Sunil Mittal on Thursday exhorted the industry to prioritise an 'India-first' approach, rising above individual or sectoral interests to contribute to nation-building as the telecom sector doyen advocated prioritising of talent dividend, stepping up R&D, trade reset and a collaborative framework between industry and government. Speaking at the CII Annual Business Summit 2025, Mittal also advised companies to emulate the 'Tata' mould of trust as he highlighted the respect commanded by the 'house of Tatas'. Citing the progress made towards trade pacts between India and key nations, Mittal exuded confidence that the government will safeguard industry's interests in trade agreements, but asserted at the same time, that it is important that the "industry and chambers don't ask for things which will make FTAs difficult". Stating that lakhs of crores are stuck in litigation around direct taxes, indirect taxes, and other regulatory matters, the industry stalwart said initiatives like 'Vivad se Vishwas' can help release large sums stuck in cases. Doing so, it would also free up the industry from past litigations and problems, and allow a reset and planning for the future. Mittal noted that India is on the cusp of becoming the third-largest economy in the world and that industry plays a vital role in moving the economic agenda forward. "Let me talk about the role of our industry, the role in creating that necessary trust for all our stakeholders and ensuring that we keep in all our decisions with 'India-first' at the very industry has a very important role to I don't think we have earned the complete trust of all stakeholders. Many-a-times it is seen that we approach issues from our individual or, at times, sectoral interests," he said. Mittal outlined four key areas requiring immediate focus, including the need to capitalise on talent dividends and R&D investment. India spends less than one per cent of GDP on R&D, Mittal said describing it as "woefully inadequate for a country of our size". "We have the advantage that we have a large domestic market, but should we not spend more on R&D, innovation, and not just frugal innovation but going into really meaningful, deeply scientific, technological advances that India needs to make. Indian industry needs to step up its spending on R&D," Mittal said, asking the industry to rise above the approach of tax breaks for R&D spending. Mittal also advocated for a fundamental shift or reset in India's approach to trade and exports. "The industry must actively work with the government to identify policy gaps and suggest frameworks that create real velocity in building India. Let us hear the government's views, understand their expectations, and contribute meaningfully," he said. He cited the example of 'House of Tata' as one that evokes trust and respect. While the walls on immigration are rising every day, Mittal said, India's youth armed with the right training and skills can overcome such challenges thanks to the digital nature of the work. He said it is no surprise that India is seeing a dramatic growth of Global Capability Centres. "Even now, we hear some voices coming from some parts of the political spectrum about some form of reservation in the private sector and we all know that debate can continue. But how we can completely avoid that debate is by creating a workforce, creating a talent dividend," he said. Mittal nudged the industry to diversify its export basket. "...this is where I think CII, we as industry players need to work with the government and create policy frameworks to ensure that we are diversifying our export basket. No raw materials should really leave our shores without being processed and value-added. The more we can do locally here by adding value, the better off we will be" he said. At the same time, the telecom veteran said that while THE industry will do its bit, it needs enabling policies, especially in the area of ease of doing business. "And I know for this government, ease of doing business is important. They continuously track areas where there are this is again where CII should put out a position paper in giving every year few low-hanging fruits where the government can move quickly to allow the industry to have much easier runway to take off," he said. In this context, he highlighted areas like corporate affairs, listing of companies, and floating bonds in the international market. "Tax policies, which continuously are getting better, need to be further demystified and simplified. The movement towards a 25 per cent corporate tax, to my mind, was a fine example...I'm surprised the entire industry has still not moved to that. Let's also get rid of the old fascination with those exemptions and move on to a simplified, flat 25 per cent tax rate," he said.
News18
a day ago
- Business
- News18
Anupam Mittal On Donald Trump's Immigration Policy: ‘He Didn't Get Into Harvard'
Last Updated: Anupam Mittal in a recent post warned that the new changes could harm the US economy and its position as a leader in innovation. Anupam Mittal, the founder of and a judge on Shark India, has expressed strong criticism of the current US immigration policies. He is concerned about how these policies affect international students. In a recent LinkedIn post, Mittal warned that these changes could harm America's economy and its position as a leader in innovation. Mittal started his post with a sarcastic remark about President Donald Trump. He wrote, 'Trump's real problem? He probably didn't get into Harvard University." After this, he focused on the important role that international students play in the US economy. He pointed out some key facts: 'Now international students, the ones who bring $44B to the U.S. economy, create 378K+ jobs, and lead 80% of unicorns — are the villains?" Mittal asked this question to highlight how unfair it is to blame these students. Sharing his own story, Mittal said, 'I studied in Boston College on a full scholarship. I built companies because I was allowed to question, debate, and belong." He believes that the current immigration approach is harmful and will slow down the country's growth. He added, 'If you want to make America great again, maybe stop pushing out the people who actually helped build it." Mittal criticised the policy by saying it is not based on good economic or strategic reasons. He stated, 'This isn't policy. It's ego. And it's bad math." In conclusion, Mittal wrote, 'And trust me, we immigrants? We know how to pivot just as I did & moved back to India." In the comment section, many agreed with the points raised by Mittal. One user commented, 'Plot twist: Immigrants aren't stealing jobs, just outperforming the syllabus." Another said, 'Well said, Anupam! Innovation thrives in diverse environments. Instead of pushing talent away, we should be fostering a space where bright minds—regardless of nationality—can continue building and contributing." 'Immigrants don't just contribute, they build. Pushing them out isn't just bad policy… It's bad business. How long can America afford to ignore math?" an individual pointed out. Someone else added, 'Pushing talent away is like saying no to money. 80% of unicorns having immigrant founders, just shows how much outsiders have shaped the US economy." The Trump administration recently sent a formal notice of intent to Harvard to withdraw the university's certification under the federal Student and Exchange Visitor Program which allows Harvard to enroll non-US students. The move has received a lot of backlash. Now, Harvard has been given 30 days to respond to this notice. First Published:
Time of India
2 days ago
- Business
- Time of India
AI is a generational shift, with impact far greater than internet: Sunil Mittal
Artificial intelligence is a generational shift, with its impact far greater than the internet, that touches almost every aspect of our lives, said Sunil Bharti Mittal , chairman, Bharti Enterprises . Speaking at the CII Annual Business Summit 2025 , the former CII president said a significant impact of AI in India is its effect on employment, particularly given India's large, young workforce. Mittal said AI will create difficulties in areas like software engineering, noting that now even a layman can speak to a machine to write code. 'India has the largest workforce, the youngest developing in the world. There are 20 million children in the age group six to sixteen. In ten year's time, they will be sixteen to twenty-six, each wanting a job. AI will create difficulties in that area. Some parts are clearly visible today,' Mittal said. However, Mittal said AI will also create new opportunities and more jobs. 'Using AI will become absolutely important for everyone, especially in emerging countries like India,' the executive said. Mittal said that while Indian industry is committed to national progress, an enabling environment from the government is essential to remove bottlenecks and accelerate India's development journey. He presented an industry wish list to the government, including key asks on Ease of Doing Business, GST reforms, and corporate taxation. Mittal highlighted the demographic advantage India holds as other developed nations ages and immigration barriers rise. 'Industry and academia must go beyond surface-level collaboration and jointly build a globally competitive, job-ready workforce. Emerging fields such as AI, green energy, space communication, and next-gen telecom demand urgent attention,' he said. Mittal also expressed concern over India spending less than 1% of its GDP on research and development, asking the industry to step up and invest aggressively in deep tech and innovation. 'Our large domestic market gives us scale, but we need intellectual leadership too. Only then can the government scale its R&D efforts with confidence,' Mittal said. The executive also called for a trade reset, advocating for a fundamental shift in India's approach to trade and exports. 'We must diversify our export basket and focus on products and services that are needed globally. No raw material should leave our shores without value addition,' Mittal said.
Hans India
2 days ago
- Business
- Hans India
GCC growth steps in right direction: Sunil Mittal
New Delhi: Sunil Bharti Mittal, Chairman of Bharti Enterprises, on Thursday urged the industry to aspire for bigger goals and build trust with all stakeholders in the nation's development. Speaking at the CII 'Annual Business Summit' in the national capital, he highlighted four key pillars that need focus, in order to build on the country's potential. He also cited the example of India's success in 5G deployment. Mittal said the nation 'must recognise the demographic dividend'. India's young and energetic workforce can be an asset for the developed world, which is ageing and tightening its immigration policies, but the industry and government must work towards making this talent pool job-ready for the future, he mentioned. 'The rapid growth of global capability centres (GCCs) in India is a clear signal of this potential,' Mittal added. On the research and development front, the country needs to ramp up its investment in innovation as well as deep scientific research, and the industry needs to take the lead. A public-private partnership in R&D can create a multiplier effect in India, said Mittal. 'We need to build purpose-driven products and services and focus on exporting with greater value addition. Over the next 10 years, with the right investments, we can see a transformation - especially in semiconductors, which are becoming strategically vital,' Mittal told the gathering. He also cited the example of northeastern states that are rich in oil and gas reserves that are not yet fully tapped.
