Latest news with #RanjitMehta
Hans India
18-07-2025
- Business
- Hans India
India can become top wedding destination, big job opportunities for youth: Industry
New Delhi: India holds the potential to become a leading global wedding destination and the booming entertainment and wedding industry can be a powerful tool to empower the country's youth, Ranjit Mehta, CEO of PHDCCI, said on Friday. Speaking to IANS, Mehta emphasised that for India's youth, entertainment is no longer a luxury but a necessity. He highlighted Prime Minister Narendra Modi's vision of positioning the Indian wedding industry as a key pillar of the country's rich cultural heritage. 'As PM Modi rightly pointed out, India has the potential to emerge as the top wedding destination globally. With nearly 65 per cent of our population being young, this industry can be a strong platform to empower them,' Mehta told IANS. 'Through this space, young Indians can not only showcase their talent but also build meaningful and rewarding careers,' said Mehta. He further noted the tremendous growth of the live entertainment sector in India, which has expanded from a Rs 1,000 crore industry to over Rs 12,000 crore today. India, with its diverse seasons and cultural richness, offers immense opportunity for the growth of destination weddings. To tap into this potential, PHDCCI has launched its first-ever summit focused on the emerging entertainment industry -- 'Fun-Tastic 2025'. The summit, hosted in the national capital, celebrated the dynamic world of live entertainment, concerts, and events in India. India's entertainment industry is a multi-billion-dollar sector, with live entertainment -- including concerts, weddings, corporate events, and theatre -- at its core. The segment is expected to grow at a compound annual growth rate (CAGR) of 18 per cent, reaching Rs 14,300 crore by 2026. Rajeev Jain, Chair of PHDCCI's Entertainment Committee, told IANS, 'With Fun-Tastic 2025, PHDCCI is also celebrating its 120th year. The wedding industry has now reached Rs 7.5 lakh crore, while the concert industry is worth Rs 13,000 crore.' 'Every major global artist today wants to collaborate with India. Given the rapid growth of this sector, we believe that in the next decade, wedding tourism will become a major industry, and India may even have a dedicated Wedding Ministry to manage weddings, concerts, and large-scale events,' Jain added.
Hans India
30-06-2025
- Health
- Hans India
Over 25 crore Indians moved out of poverty due to Govt's social security schemes: PHDCCI
New Delhi: India has made remarkable progress in expanding its social security coverage, with more than 25 crore people moving out of poverty in recent years, PHD Chamber of Commerce and Industry (PHDCCI) CEO and Secretary General Dr Ranjit Mehta said on Monday. Mehta's remarks come after the International Labour Organisation (ILO) ranked India second globally in terms of social security coverage. Over the past decade, the country has expanded its social security net significantly, with coverage rising from 19 per cent of the population to 64.3 per cent. Speaking to IANS, Mehta credited this achievement to the various social welfare schemes launched by the Central government under Prime Minister Narendra Modi's leadership. "PM Modi has personally experienced hardship in his early life, and that connection has shaped the government's commitment to the welfare of the poor," he stated. "From the ramparts of the Red Fort in his very first Independence Day speech, he announced the Swachh Bharat Mission and the initiative to provide free toilets to every household,' Mehta told IANS. Highlighting major government initiatives, he pointed out that the Pradhan Mantri Awas Yojana (PMAY) is addressing the basic need for housing by working towards ensuring that every Indian has a permanent roof over their head. "Even during the Covid-19 pandemic, very few in India had to sleep hungry, thanks to the free ration scheme. From schemes like Ujjwala for clean cooking fuel to financial support for farmers and pension programs, these initiatives have brought real and measurable benefits to millions," he added. Referring to the Ayushman Bharat health insurance scheme, Mehta said such programmes provide a critical safety net. "Under Ayushman Bharat, citizens are eligible for free medical treatment up to Rs 5 lakh. Even the poorest of the poor can walk into a hospital and get treated without worrying about the cost," he said. Citing an example, he said if the sole breadwinner in a family falls ill, it can shake the entire household's stability. In such times, government schemes like Ayushman Bharat play a vital role in protecting families from falling back into poverty.
