Tag: Chambers Of Commerce And Industry

Rs 1 trillion fund for infrastructure sector advocated

The Associated Chambers of Commerce and Industry (Assocham) has urged the government to set up a Rs.1 trillion ‘revolving fund’ to assist infrastructure firms to weather the global meltdown. ‘Several expansion plans in steel, auto, fertilizer, refineries and oil and gas exploration sectors currently face severe capital shortages,’ said the industry body, adding that the […]

Rate-cut campaign in full swing

The clamour for a fresh round of interest rate cuts has begun. Spooked by a sharp and sudden fall in industrial growth, industrialists and bankers said the time had come to cobble a credible stimulus package that would put the stuttering economy back on the rails. “Now is the time to immediately release the second […]

Assocham Predicts $21 Billion FDI In Real Estate Market

Despite the real estate market being confronted with a short-term depression as real interest rates hovered between 12 – 16%, the Associated Chambers of Commerce and Industry (Assocham) has projected a twenty one billion dollar spurt in foreign direct investment (FDI) in the real estate market in the next 10 years.