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The Hindu
3 days ago
- Business
- The Hindu
ISO 9001:2015 certification for TG Industries Commissionerate
Telangana government's Commissionerate of Industries has secured ISO 9001:2015 certification, a globally recognised standard for quality management systems. Granted following a rigorous two-stage audit by DNV (Det Norske Veritas), the certification underscores its commitment to excellence in policy implementation, governance and service delivery, it said on Friday. The audit involved a comprehensive evaluation of the operations, digital platforms and implementation of key industrial policies. Key focus areas included adoption of best governance practices; effective stakeholder communication; timely and efficient service delivery; transparency and accountability mechanisms; digitisation of records and process automation. A proactive governance model and digital-first approach being followed were instrumental in meeting the stringent requirements of ISO 9001:2015 standards. The recognition reaffirms Industries department's commitment to transparency, responsiveness and continuous improvement. It reaffirms the Commissionerate's role in delivering industrial facilitation services that foster a business-friendly ecosystem and accelerate industrial development in Telangana. EoDB rankings Telangana continues to rank among the top achievers in the Ease of Doing Business (EoDB) index. As the nodal agency for EoDB reforms, the Commissionerate has successfully implemented all 449 reform action points under the current assessment cycle and is confident of maintaining the State's leadership in future rankings. Telangana's revenue-based financing programme for micro, small and medium enterprises (MSMEs) to enable the businesses to access credit based on projected future sales thereby helping reduce their financial burden and improve cash flow as well as implementation of the TG-iPASS single-window clearance system has come in for appreciation from NITI Aayog in recent months. TG-iPASS, which is self-certification-driven mechanism, significantly minimised inspection requirements and regulatory burdens, making it easier to do business in the State. NITI Aayog recognised it as a national best practice, it said.
Indian Express
19-05-2025
- Business
- Indian Express
Resolute, not reactive: How to read India's approach to ceasefire with Pakistan
Recently, the term 'ceasefire' has dominated headlines, with some critics labelling the India-Pakistan ceasefire 'US-brokered' and framing it as a threat to our sovereignty. The US has since changed its stance. Their reaction reflects short-term political opportunism and a limited understanding of national security, often overlooking the economic aspects of peace. India's decisions are not influenced by external forces; they are rooted in national interest. Unlike the Cold War era of the 1970s, India today is atmanirbhar, leveraging domestic capabilities while engaging globally. Strategic patience stems from our institutional maturity and economic strength. Yes, the conflict may have inflicted a sharper financial toll on our adversary. But we must never forget that our future is worth protecting — not only because we have more to lose but also because we have built more to safeguard. Our industries are far more advanced, and our youth population, at over 550 million, is more than twice the size of Pakistan's entire population. This gives us a workforce with unmatched potential. In addition to our growing network of global partnerships, it becomes clear that India has built far more and has far more to protect. It must also be stated clearly: A ceasefire is not a stop to the government of India's fight against terrorism. It is not a retreat. The PM stands firm on his words — terrorists and their sponsors will be treated alike. Those who aid or abet terrorism will face consequences, diplomatically and economically. In our own lives, we already practise this resolve. Turkey's alignment with Pakistan has triggered spontaneous public boycotts. This is a principle of reciprocity and accountability. Other nations would do well to take note. The opportunity cost of a prolonged conflict in today's context is far greater than in previous decades. Every year of peace adds to India's capacity. Peace allows for uninterrupted capital formation, innovation and infrastructure creation. India is the fourth-largest economy with a nominal GDP of $4.19 trillion and is expected to become the third-largest by 2027. The IMF projects India's GDP to grow by 6.2 per cent in 2025, compared to Pakistan's 3 per cent. Stability is key with a GDP projected to exceed $30 trillion by 2047. Additionally, India has over $620 billion in foreign exchange reserves, covering over 11 months of imports, whereas Pakistan's reserves are around $15 billion, sufficient for only about three months of imports. India's global export share has increased from 1.2 per cent in 2005 to 2.4 per cent in 2023, while Pakistan's remains at 0.12 per cent. India ranks 63rd on the Ease of Doing Business index and 40th on the Global Innovation Index 2023, with a thriving startup ecosystem of over 1,00,000 startups and 115+ unicorns, in contrast to Pakistan's ranking of 108th and 88th, respectively. India's actions, like suspending the Indus Waters Treaty, limit Pakistan's ability to fund operations without external support. A ceasefire and the emerging 'new normal' present an opportunity where we don't even have to use arms — economic instruments such as the IWT can be more potent. Cotton accounts for over 60 per cent of Pakistan's exports and the textiles sector makes up 8.5 per cent of its GDP. It risks significant yield losses if sowing is delayed. In rice, where India controls 65 per cent of the global basmati market to Pakistan's 35 per cent, any hit to Pakistan's paddy crop could widen that gap. Pakistan's major hydro plants rely on treaty-governed river flows. India's trade architecture is rapidly evolving, marked by multiple operational trade agreements and a recent FTA with the UK. Pakistan is stuck in a narrow trade matrix, heavily dependent on textiles and agriculture. India is positioned to lead globally, allowing it to diversify markets and enhance resilience in sectors like electronics, pharmaceuticals, and renewables. Meanwhile, with cautious foreign investment, Pakistan continues to face scrutiny, attracting only $1.5 billion in 2024 compared to India's $60 billion in FDI. Some critics suggest India's decision to uphold a ceasefire results from external pressure. That is both inaccurate and outdated. India's defence partnerships today are assertive, not dependent. Japan has invited India to co-develop the sixth-generation GCAP fighter programme. Russia has offered joint production of the S-500 missile system, an upgrade to the already formidable S-400. Meanwhile, domestic defence manufacturing is rapidly expanding. In 2023-24, over 75 per cent of defence capital procurement was earmarked for Indian firms. Energy security, too, has improved. India is the third-largest wind and solar energy producer, reducing its exposure to global oil shocks. And through platforms like UPI and Aadhaar, India has created the world's most inclusive financial and welfare delivery system. These pillars of self-reliance allow it to choose timing and tactics based on strategic rationale, not foreign expectations. For investors, peace signals stability. The $47 billion committed under PLI schemes across electronics, EVs, and telecom would be difficult to sustain under prolonged uncertainty. Moreover, conflict risks disproportionately hit border-facing industries. Many textile and handicraft units are located near the western front — any escalation risks disrupting export deadlines, damaging brand credibility, and raising insurance premiums. India's approach is not reactive, it is resolute. Peace is not the absence of options, but the presence of priorities. India's priorities are clear: Sovereign dignity, economic ascent, and technological leadership. Ceasefire, in this sense, is not a compromise. It is a commitment to security, growth and a future that belongs not to the most belligerent but to the most prepared. The writer is professor of finance, XLRI Xavier School of Management and a BJP leader
India Gazette
16-05-2025
- Business
- India Gazette
Gujarat's i-Hub leads India's charge towards start-up driven economy
Ahmedabad (Gujarat) [India], May 16 (ANI): Gujarat has long been a beacon of industrial strength and entrepreneurial zeal. With its consistently high ranking in the Ease of Doing Business index, the state is now forging ahead as a global hotspot for innovation and investment. At the heart of this transformation is i-Hub Gujarat, a government-backed innovation centre playing a pivotal role in nurturing start-ups and empowering a new generation of entrepreneurs. Designed as more than just a co-working space, i-Hub offers a dynamic environment where innovation meets opportunity. The facility provides customised workspace solutions at minimal cost, along with access to mentorship, networking opportunities, and state support -- all of which are proving instrumental in driving growth for early-stage ventures. Vaishali Mehta, Co-founder of Joy Spoon, says that i-Hub has been a game changer. She shares that strong support was provided by i-Hub, and a government grant of Rs 8 lakhs was received by their start-up, giving it a significant boost. Renting space in the market would have required a substantial expense, but at i-Hub, only Rs 3,000 per seat is charged. Additionally, several other perks are provided free of cost. The affordability and infrastructure offered by i-Hub are matched by its vibrant community. Entrepreneurs working here don't just share office space -- they collaborate, ideate, and evolve together. It's an ecosystem where creativity thrives and ideas gain momentum. Sah Astitva Private Limited, founded by Meet Joshi, has greatly benefited from the ecosystem, which is credited with playing a crucial role in the company's journey. The first and most significant advantage was seen in the excellent infrastructure that was provided. More importantly, the need for extensive networking efforts was removed, as all necessary resources were made available at the location--including interactions with government officials and connections with fellow start-ups. Solutions to their own problems were discovered by learning from the challenges faced by others. In addition to affordable office space and peer collaboration, i-Hub ensures that start-ups are never short on guidance. Entrepreneurs like Akash Shah, founder of B2B One Mart, find value in the ongoing mentorship support. 'Renting a private office would cost us Rs50,000 to Rs60,000, but here it's just Rs3,000 per seat. And whenever we're stuck or unsure about the next step, i-Hub or Geo Sec connects us with a mentor. That kind of support is invaluable,' says Shah. As Gujarat integrates infrastructure, mentorship, and forward-looking policies, it's setting new benchmarks for fostering entrepreneurship. With i-Hub leading the charge, the state is not just enabling ease of doing business--it is shaping a globally competitive, innovation-first economy. For many young businesses, Gujarat is no longer just a place to start--it's a place to scale, sustain, and soar. (ANI)
Hindustan Times
14-05-2025
- Business
- Hindustan Times
Ahead of ground breaking ceremony: Set up 10 anchor units under industrial policies, create 78K acre land bank, says CS Manoj Kumar Singh
Chief secretary Manoj Kumar Singh has issued directives to expedite investment projects and prepare eligible projects for the upcoming Ground-Breaking Ceremony (GBC) as part of the state's push towards a $1 trillion economy. Singh, while chairing a review meeting at Lok Bhawan, here on Tuesday, instructed departments to establish at least 10 anchor units under various industrial policies and ensure the timely inclusion of eligible projects in the GBC. He emphasised refining policies in consultation with industry associations and stakeholders to foster a more investor-friendly environment. Departments have been asked to create a 78,000-acre land bank by utilising LDA land, under-utilised department land, and land from sick units. District magistrates and VCs have been tasked with meeting specific land allocation targets. Singh also stressed regular updates on the PM Gati Shakti portal to streamline project execution and directed departments to actively utilise the platform for gap analysis and data management. Invest UP CEO Vijay Kiran Anand reviewed projects exceeding ₹200 crore and urged departments to expedite account management and maintain consistent coordination at the ACS and PS levels. He emphasised effective implementation of 34 operational policies to improve the Ease of Doing Business (EODB) for existing and prospective investors. The officials from key sectors, including UPNEDA, IT & Electronics, tourism, textile, horticulture, dairy, MSME, civil aviation, and UPSIDA, attended the meeting.
Hans India
13-05-2025
- Business
- Hans India
AP Chambers urges govt to repeal NALA Act
Vijayawada: Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) in a letter to Chief Minister Nara Chandrababu Naidu urged to repeal the AP Agricultural Land (Conversion for Non-Agricultural Purpose) Act 2006 also known as NALA Act immediately. The State government has announced in March 2025 that the Act will be abolished soon. In the letter, AP Chambers president Potluri Bhaskara Rao mentioned, 'We thank the State government for announcing that the AP Agricultural Land (Conversion for Non-Agricultural Purpose) Act 2006 will be abolished soon. Since the announcement with regard to the repeal of this Act was made by the Chief Minister on March 27, 2025, entrepreneurs have been eagerly waiting for the abolishment of the Act.' He recalled that it has been a long-pending demand of the citizens and business enterprises to abolish the Act. On account of this Act, there was redundancy in the regulation process, causing unnecessary delays in the conversion of land from agricultural to other purposes. This has been a major hurdle in the Ease of Doing Business (EoDB) in the state. Abolishment of this Act will further simplify the EoDB. Because of the excellent industrial and other policies introduced by the State government, the economic activity has picked up and there is a lot of enthusiasm from entrepreneurs to set up industries in the state. The Real Estate sector has also picked up momentum. The elimination of NALA Act will help speed up the grounding of many investments, thereby boosting the economy of Andhra Pradesh. He said that the State government will earn more income with the grounding of innumerable projects across the State. He requested the State government to abolish this Act immediately and stated that it will be hugely beneficial to entrepreneurs looking to set up new businesse.
