PHD CHAMBER BULLETIN - Ms. Nirmala Sitharaman Interactive Session with Finance Minister, May E-Bulletin 2021
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PHD CHAMBER BULLETIN
Vol. XLIII No. 5
May - 2021 ` 25
Interactive Session with Finance Minister,
Ms. Nirmala Sitharaman
PHD Chamber Bulletin | May 2021 1
2 PHD Chamber Bulletin | May 2021
PHD Chamber Bulletin | May 2021 3
4 PHD Chamber Bulletin | May 2021
Importance of Tika Utsav COVID Vaccination - Madhya Pradesh
Chief Guest, Mr. O P Sakhlecha, Hon’ble Minister for MSME Govt. of Madhya Pradesh
Monthly news bulletin
of PHD Chamber
CONTENTS
President
Mr. Sanjay Aggarwal
Senior Vice President
Mr. Pradeep Multani
PRESIDENT’S MESSAGE 6
Vice President
Mr. Saket Dalmia CHAMBER AT WORK 9
Editor: FOCUS STATES 38
Mr. Saurabh Sanyal
Secretary General INTERFACE 63
HEADWAY
Production Editor:
Towards Inclusive Growth 65
Ms. Neelu Kapoor
Economist & Bulletin Head
COMMUNIQUE
India Inc. is the official publication of PHD Chamber of Expressions 79
Commerce and Industry and any part of the publication may
not be reproduced or transmitted in any other form in whole
or in part without the written permission of the publishers. The MoUs 83
opinions and views expressed within this publication are not
necessarily those of the publishers. The publishers regret that
they cannot accept liability for errors or omissions in this issue. New Members 85
For further information and feedback, please contact: Media Buzz 88
PHD CHAMBER OF COMMERCE AND INDUSTRY
PHD House, 4/2 Siri Institutional Area
August Kranti Marg, New Delhi-110016
Phone : 91-11-26863801-04 Fax : 91-11-26855450
Email : phdcci@phdcci.in Website : www.phdcci.in
PHD Chamber Bulletin | May 2021 5
MESSAGE
President’s
Message
Friends,
We hope all of you are keeping safe and strictly following
the COVID protocols.
I must begin by expressing my and my country’s
gratitude for the international assistance from about 40
countries including the US, Russia, Australia, France, UK,
Ireland, Thailand, Taiwan, Uzbekistan, Mauritius, Romania
and China who have proposed or already sent much needed
critical emergency use equipment of oxygen concentrators,
respirators and liquid oxygen, oxygen generation units,
PPEs, vaccine-manufacturing supplies, rapid diagnostic
tests, medicines and public health assistance to enable India
counter the second wave. The Chamber would like to thank
US President, Mr. Joe Biden and Vice President, Ms. Kamla
Harris for sending supplies of medical life-saving equipment
and also providing USD 100 million assistance to deal with
the pandemic.
The year 2021 began on a good note as the situation
showed signs of normalizing, easing off the pain and anxiety
of COVID-19 pandemic as experienced in 2020. The healing
was slow and gradual but there was a comforting spell. The
roll out of vaccines in the second week of January revived
hopes of a better year and life.
While we expected to return to pre-COVID normalcy,
the virus struck again! This time much severe and lethal.
India has unfortunately emerged as the new epicenter of
the worst outbreak, with a higher caseload and aggressive
rise in positivity rates and consequent mortalities. Never in
our lifetimes could we have imagined that the world would
see a virulent disease of such a magnitude and savagery.
The virus has entered every household and is affecting the
life of each one of us. Savings of the households are being
diverted towards medical exigencies in the care of the family
members.
I fear to admit that some research models are projecting
that the coronavirus wave that plunged India into the
world’s biggest health crisis has the potential to worsen in
the coming days. While the vaccination drive is pushed by
the Government with maximum thrust, citizens must exert
their personal responsibility of being cautious and safe. We
need to support the agencies to implement strong measures
at the local level, in the states, districts and in towns to avoid
or at least mitigate the third wave of the Coronavirus.
The re-emergence of the pandemic situation with partial
lockdowns and curfews in many parts of the country has
created incipient signs of economic slowdown in the coming
months. Economic activity has been severely impacted with
the closure of offices, shops and trading, causing subdued Mr. Sanjay Aggarwal
6 PHD Chamber Bulletin | May 2021
President’s Message
demand and investment activity in the of industry members. In this context, the start of the pandemic.
country. This situation, compounded a COVID Task Force has been created Having said this, I opine that
by widespread information about new to provide real-time information about the Government needs to allocate
variants of the virus leading to further availability of hospital beds, liquid substantial portion of resources for
unrest and turmoil, lack of health oxygen, oxygen concentrators, plasma the health and welfare system that
infrastructure including testing facilities, donors, availability of Remdesivir and our country would need in the ensuing
hospital beds, supply of pure oxygen life-saving drugs and Doctors on-call. years. The Chamber has written to the
cylinders & concentrators, of lifesaving We are also seeking information about Government seeking a stimulus package
medicines, and availability of doctors vaccination status of our members including banning steel exports to China,
and allied medical professionals has and their workers, pan-India, so that to support economic growth. Further,
only further plunged the morale of the arrangements can be made for them to to provide relief and stimulus to the
citizens. get the shot, if required. struggling industry, tax deducted at
The sequential growth of passenger To help tackle the tremendous source rates for FY 2021-22 should be
vehicles and SENSEX declined in April shortage of oxygen in NCT of Delhi, reduced to the tune of 50 percent. I also
2021. The Business Activity Index also we at the Chamber through our Family agree with the Finance Minister that the
fell to 54 in April 2021 from 54.6 in Welfare Foundation have ordered 10 best way forward to tackle the current
March 2021. Travel restrictions due to oxygen plants and are helping to airlift situation is through micro containment
COVID continued to curb international at least some of them to hospitals facing zones so that life and livelihood can be
demand for Indian services. Sectors oxygen shortages. I must bring to your protected. “Seeds of faith are always
like manufacturing, services and attention that I along with other Former within us; sometimes it takes a crisis to
construction have been negatively Presidents and members of the Chamber nourish and encourage their growth.”
impacted due to the lockdown. have donated generously for this effort The pandemic in India has
Some good news is the reinforced in order to mitigate the oxygen shortage affected the vulnerable category of
aggregate supply conditions because and help save human lives. small businesses and MSMEs. With
of record production of food grains in The Chamber is fully supporting the objective of alleviating their
2020-21 as supported by the forecast of the Government’s mass vaccination potential stress, the Reserve Bank of
a normal monsoon which is expected drive, ‘Tika Utsav’ to defeat the India announced a set of measures,
to sustain rural demand in 2021-22. A menace. We organized ‘Tika Utsav’ broadly in line with the contours of the
noteworthy initiative is the allocation at various State-Chapters of the Resolution Framework - 1.0 with suitable
of additional food grains to the poor Chamber including Punjab, Rajasthan, modifications. The Chamber suggests
NFSA Beneficiaries for another period Uttar Pradesh, Uttarakhand, Madhya that MSMEs be provided financial
of two months – May and June, 2021 to Pradesh, Chhattisgarh, J&K and North and structural support in the form of
ameliorate their hardships due to the Eastern region to help build confidence extending the moratorium period and
disruption caused by Coronavirus. Also, among the people to come forward offering concessional rates of interest
GST collections increased by 14.1 percent for vaccination. I would like to add that on borrowings to tide over the crisis.
in April 2021, partly attributed to the there is a need for a normalization of all These are unprecedented times
significant acceleration in input costs kinds of economic activity as the rollout that require unprecedented efforts. The
vis-a-vis increase in commodity prices. of the COVID-19 vaccines gathers pace. Chamber will continue to monitor the
Having said this, the consensus growth We urge the Government to ensure emerging situation and assures its fullest
forecast for FY 2021-21 is between 10-11 immediate steps to facilitate voluntary support to the Government of India
percent by most analysts. licensing for scaling up production of to mitigate the daunting impact of the
The Government is gearing up to Covaxin, Covishield and other vaccines COVID-19 pandemic on people, industry
increase oxygen production all over the to meet the vaccination demand in India. and economy. We concur that the five-
country in such a way so that situations The Government should try to incentivize fold strategy adopted in handling the
like these could be averted. In a bid to directly foreign companies which own infection cases i.e., test, track and treat
make oxygen available for COVID-19 the patents for other COVID-19 vaccines along with following COVID appropriate
patients, the Government has not only and also to grant licences and transfer behavior of wearing a mask, keeping
asked manufacturing units to maximize technology to domestic pharmaceutical physical distance of 6 feet, sanitizing,
their production but also barred the use companies in India. washing hands and getting vaccinated
of liquid oxygen for any non-medical At the interactive session with the will help to defeat the third wave of
purposes. The government has reduced Finance Minister, I requested that the the virus. And most importantly, I
the IGST for the import of oxygen Government extend the timelines for must thank our doctors, healthcare and
concentrators for personal use from 28 compliances under various corporate medical field personnel, police and law
percent to 12 percent. Finance Minister, laws. In this context, I appreciate enforcement agencies and sanitation
Ms. Nirmala Sitharaman at an interactive the swift action taken by CBDT to workers for their service towards taking
session recently with PHD members extend the timelines across various care of the society.
mentioned that the Government is compliances under the Income Tax Act To conclude, I would quote, “If you
monitoring the situation regularly and Companies Act. The Government have never failed, you have never been
and working arduously for better co- has issued notifications exempting tested and you haven’t seen your best
ordination between States, hospitals Basic Customs Duty and Health cess on yet. A setback is only an opportunity for
and suppliers of oxygen to match the imports of a number of COVID-19 related you to come back stronger.”
demand and supply in the country. relief materials, for a limited period. I am
The Chamber has launched a also glad that the Emergency Credit Line
COVID-19 helpline at its head office Guarantee Scheme (ECGLS 2.0) has been
in New Delhi and across states for extended for sectors like hospitality,
providing information on verified aviation, travel, tourism and hotels that Sanjay Aggarwal
COVID-related facilities and handholding have been facing great difficulty since President, PHDCCI
PHD Chamber Bulletin | May 2021 7
8 PHD Chamber Bulletin | May 2021
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Interactive Session with
Ms. Nirmala Sitharaman, Union Minister
of Finance and Corporate Affairs
T
he members of the Managing interact with the members. She Ms. Sitharaman also stated that a slew
Committee of PHD Chamber highlighted that the provision of of announcements have been made
interacted through video oxygen, vaccines and logistics to with regard to the drug Remdesivir and
conferencing with Ms. Nirmala people affected by Coronavirus is customs duty has been waived off and
Sitharaman, Union Minister of Finance being ensured, given the recent surge quantity for export has been held back
and Corporate Affairs on April 22, 2021. in cases of COVID-19 pandemic across for use in the country considering the
Mr. Sanjay Aggarwal, President, the country. requirement of Remdesivir injection.
PHDCCI welcomed Ms. Nirmala Ms. Sitharaman mentioned that She said that these announcements
Sitharaman and thanked her for the Government is reviewing and are expected to increase the
sparing her precious time to interact monitoring the situation regularly and availability of the injection. The FM
with the members of Managing working arduously for a better co- emphasized that the way forward to
Committee of PHDCCI. ordination between States, hospitals tackle the current situation is through
and suppliers of oxygen and vaccines micro containment zones so that lives
Mr. Sanjay Aggarwal introduced
to match the demand and supply in and livelihood can be protected.
Ms. Nirmala Sitharaman, who is a
member of the Rajya Sabha since the country. The Union Finance Minister
2014. She formerly served as the The Finance Minister stated assured that valuable inputs received
Defence Minister of India, thereby that the Prime Minister himself is from PHD Chamber will be considered
becoming India’s second female monitoring the situation with eminent for the industrial and economic
Defence Minister and also second doctors and vaccine manufacturers. growth of the country.
female Finance Minister after Indira She added that the import of vaccines, Mr. Pradeep Multani, Senior Vice
Gandhi and the first full-time female certified by international bodies has President, PHDCCI delivered the vote-
Finance Minister. During the COVID-19 been allowed in India; support is of-thanks to her.
pandemic, she was made in-charge being extended to manufacturers Former Presidents, Senior
of the COVID-19 Economic Response by the Government by way of giving Managing Committee Members
Task Force. Forbes Magazine has advances and vaccination drive and members from industry also
ranked her 34th among the 100 most against coronavirus has been allowed participated in the virtual interactive
powerful women in the world in 2019. for people aged 18 years and above session with the Union Finance
The Minister expressed her from May 1, 2021. Minister.
gratitude for the opportunity to
PHD Chamber Bulletin | May 2021 9
CAW
Review Of Industry Performance
And Suggestions For Further
Strengthening Economic Recovery
And Growth
M
r. Sanjay Aggarwal, President, Further Strengthening Economic about the three indexes prepared
PHD Chamber and Dr S P Recovery and Growth’. by PHD Chamber including EBM, GPS
Sharma, Chief Economist & Mr. Sanjay Aggarwal presented and QET and put forward the export
DSG, PHD Chamber participated in a vital suggestions such as, becoming growth projection by PHD Chamber
Video conference with Hon’ble Union more aggressive towards DFI scheme at the rate of 12% for the next financial
Minister, Mr. Piyush Goyal, Minister for fulfilling large scale infrastructure year. Further, the President discussed
of Railways; Commerce & Industry; funding, reducing the Excise duties about RoDTEP and other trade related
Consumer Affairs and Food & Public and VAT on petroleum, diesel and issues along with suggestions for
Distribution, on March 24, 2021 on allied products and recommended to active engagement in the regional and
the agenda of ‘Review of Industry bring petroleum products under the bilateral trade agreements.
Performance and Suggestions for ambit of GST. The President discussed
Update on International Trade
Union Commerce and Industry Minister Mr. Piyush Goyal, and Senior Officers of the Department of Commerce
and Directorate General of Foreign Trade interacted recently with the Export Promotion Councils to discuss
various issues concerning the international trade.
Minister Goyal noted that India’s merchandise exports in April 2021 was USD 30.21 billion, an increase of
197.03% over USD 10.17 billion in April 2020 and an increase of 16.03% over USD 26.04 billion in April 2019. He
said that Exports excluding POL, is even better, and has increased in this period by 15% over same period of
2019-20. He said that performance of exports in April 2021 and 2020-21 gives a hope that an ambitious target
of USD 400 billion merchandise exports can be achieved this year. There is a large potential for enhancing
exports in several sectors like Pharma, Engineering, Auto-component, Fisheries and Agro-products, he added.
The Department of Commerce has taken up several issues of exporters with the Ministry of Finance for solving
issues of exporters such as RoDTEP, MEIS, Inverted duty structure, etc.
10 PHD Chamber Bulletin | May 2021CAW
The 2nd Edition of International
(Virtual): Health & Wellness Expo
& Conferences 2021
T
he 2nd edition of International Republic of Vietnam. and market reach.
(Virtual) Health & Wellness Expo Mr. Pradeep Multani, Senior Vice H.E. Dr Ahmed A. R Albanna,
& Conferences 2021 organized by President, PHDCCI in his presidential Ambassador, Embassy of the United
Health & AYUSH Committee, PHDCCI address mentioned about the various Arab Emirates spoke about strong
was inaugurated on March 18, 2021. initiatives PHD Chamber is taking to trade & commerce ties, cultural
The special guests during the support the Industry members during and people-to-people relationships
virtual inaugural session included the challenging COVID times. He between UAE and India. He said
H.E. Mr. Ung Sean, Ambassador, added that the pandemic accelerated that there are lot of opportunities of
Royal Embassy of Cambodia; H.E. one of the largest trends in healthcare: collaboration in healthcare security,
Mr. Bounneme Chouanghom, movement of high-quality healthcare heathcare and the pharma sectors.
Ambassador, Embassy of the Lao from hospital into homes and the Dr Albana also mentioned about the
People’s Democratic Republic; H.E. community. He added that this is the increasing interest in Ayush, Yoga and
Dr Ahmed A. R Albanna, Ambassador, right platform for all stakeholders Ayurveda and other natural therapies
Embassy of the United Arab Emirates; from pharma, medical devices, in the UAE. He applauded Indian
Ms. Rony Yedidiya-Clein, Deputy Chief healthcare delivery, AYUSH and government for sending its medical
of Mission, Embassy of Israel in India wellness to showcase core Indigenous staff to UAE during total lockdown.
and Dr Do Than hHai, Deputy Chief capacities and seek opportunities for H.E. Mr. Ung Sean, Ambassador,
of Mission, Embassy of the Socialist collaborations to enhance capacities Royal Embassy of Cambodia
PHD Chamber Bulletin | May 2021 11CAW
appreciated the support given by very important, including traditional services at marginal costs in Medical
the Government of India during medicine measures and India has Tourism, highest number of US-FDA
the pandemic for supplying COVID long been known as a country with a compliant plants outside the US,
vaccines to Cambodia and also sought long tradition of traditional medicine, expertise in low-cost generic patented
the support of the Indian Government especially Yoga which is very famous drugs and a movement towards end-
in getting over 4 million doses of the in Vietnam. He further suggested that to-end manufacturing with a strong
vaccine. two sides have to study the direction domestic demand. He added that with
H.E. Mr. Bounneme Chouanghom, of cooperation of the Institute of the approval of Production Linked
Ambassador, Embassy of the Lao Traditional Medicine of India with Incentive Scheme for pharmaceuticals
People’s Democratic Republic the Institute of Traditional Medicine & permission of 100% FDI through
appreciated PHD Chamber for of Vietnam in training, exchanging automatic route, India will be a hub for
organizing the virtual exhibition and examination experiences and healing. the pharmaceutical industry.
gathering all the stakeholders on Mr. Arvind Varchaswi, Chair, Dr Sameer Gupta, Co-chair, Health
one platform and assured for future AYUSH Committee, PHDCI & MD, Committee, PHDCCI & Director,
collaborations. Sri Sri Tattva shared significance Cathlab, Metro Group of Hospital
Ms. Rony Yedidiya-Clein, Deputy of Health & Wellness in India. The spoke on the Production Linked
Chief of Mission, Embassy of Israel in current pandemic has created new Incentive Scheme, towards making
India gave an overview of the Israeli opportunities for the Industry to have India an ‘Aatmanirbhar Bharat’ by
technologies, which have their roots a global presence of AYUSH systems. enhancing domestic manufacturing
in a long history of using innovative He further mentioned that during the capacities and exports. Dr Sameer
technologies to improve healthcare COVID period there has been lot of also mentioned about the world’s
delivery. She apprised that Israel research and clinical trials registered largest Government funded scheme-
continues to invest significantly in IT, by the entire AYUSH system. Ayushman Bharat and suggested to
with over 450 Israeli companies in Mr. Nishant Berlia, Chair, give more focus on penetration &
the field of Digital Health targeting Pharmaceutical Manufacturing & betterment of rural health.
different technologies. Medical Devices Committee, PHDCCI Mr. Jitender Sodhi, Co-chair,
Dr Do Thanh Hai, Deputy Chief & Co-Promoter, Apeejay Stya & AYUSH Committee, PHDCCI & CMD,
of Mission, Embassy of the Socialist Svran Group (Martin & Harris Pvt. AYUSH Herbs delivered the vote-
Republic of Vietnam mentioned that Ltd.) said that India is the largest of-thanks to the esteemed guests
India always ranks in the list of top vaccine producer in the world & industry members. The session
10 trade partners of Vietnam while and also the largest provider of was moderated by Mr. Vivek Seigell,
Vietnam is the 17th trade partner of generic medicines globally. India Assistant Secretary General, PHDCCI.
India. provides strong ecosystem for the The exhibition was attended by more
pharmaceutical industry’s growth than 2100 delegates virtually.
He further emphasized that
through innovation & R &D, Quality
improving health & early diagnosis is
First BRICS Employment Working Group (EWG)
Meeting amongst BRICS Countries
Mr. Apurva Chandra, Secretary, Labour and Employment chaired the 1st BRICS Employment Working Group
(EWG) Meeting held on 11-12 May 2021 in Sushma Swaraj Bhawan, New Delhi in virtual format. India has assumed
BRICS Presidency this year. The prime agenda for the discussions were Promoting Social Security Agreements
amongst BRICS Nations, Formalization of labour markets, Participation of women in labour force and Gig and
platform workers – Role in labour market. Apart from representatives of member nations i.e Brazil, Russia,
India, China and South Africa, the representatives of International Labour Organization (ILO) and International
Social Security Agency (ISSA) also made valuable interventions and suggestions on the agenda issues.
On the issue of Social Security Agreement (SSA), the Member Nations resolved to enter into dialogue and
discussion with each other and take it forward towards signing of the agreements, while the ISSA and ILO on
their part, expressed willingness to provide technical support in facilitating conclusion of such agreements.
On the issue of formalization of labour market, Member Nations discussed various initiatives taken by them
towards formalization of jobs and how COVID-19 has enhanced informalization risk. On participation of women
in the labour force, the member countries resolved to promote participation of women in remunerative,
productive and decent work and to extend social security cover to the women workers engaged in informal
sector. On the issue of Gig and Platform workers and their role in labour market, the member nations discussed
how the proliferation of Digital Labour Platforms is transforming the labour processes in the world of work.
Challenges faced by them and various measures being taken by member nations including extension of social
protection system were also discussed.
12 PHD Chamber Bulletin | May 2021CAW
talking about COVID-19, he highlighted
that the new strain of the virus is
spreading very quickly and affecting
more young people. He stated that
the Delhi police is making every
possible effort for ensuring law and
order during the lockdown and also
permitting easy supplies of essential
goods such as oxygen cylinders
through green corridors. He assured
that if we stand together and followed
COVID protocols such as putting up
masks, social distancing, timely hand
sanitization and by staying indoors,
this time period will pass very soon.
One of the major challenges
highlighted by Mr. Shrivastava is to
keep police men healthy as they are
continuously in fields with improper
sanitation facilities. The Delhi police is
continuously making efforts to boost
the morale of policemen and keeping
strict checking protocols if anyone of
them is facing any symptoms of illness.
Mr. Shrivastava is arranging webinars
on a timely basis and also sending
video messages to the staff for their
awareness and also to answer their
questions.
The Police Commissioner apprised
the members that in 2020 even after
lockdown, there was a steep decline
in various crimes such as street
crimes by 50%; motor vehicles theft
Interactive Session with
by 25% and crime against women by
15-30%. He also apprised that arrest
of criminals has increased by around
Mr. S N Shrivastava, 40%. However, there is a heavy surge
in cybercrimes which were at its peak
during May and June in 2020, but after
Commissioner of Police, promoting awareness by police, banks
and regulatory authorities, it has
Delhi
started declining at a good pace.
Mr. Shrivastava mentioned that
they are getting around 1000 calls for
T
E-Pass during the lockdown and the
he members of the Managing cadre officer who was repatriated
same is being issued on an immediate
Committee of PHD Chamber to the Delhi Police from the Central
basis. He believed that there is need
interacted through video Reserve Police Force (CRPF). He
for structural reforms in the working
conferencing with Mr. S N Shrivastava, also has been appointed as Special
of policemen by providing use of
Commissioner of Police, Delhi on April Commissioner (Law and Order). Prior
technology and ensuring welfare
21,2021. to this, he was serving as Special DG
of policemen to make them more
Mr. Sanjay Aggarwal, President, (training), CRPF. He was also the Delhi
efficient and effective in their working.
PHDCCI welcomed Mr. S N Shrivastava, Police’s elite Anti-Terror Unit Chief till
The recording of crimes is also being
Commissioner of Police, Delhi and 2015. He was later transferred to the
increased as it will help to track the
thanked him for sparing his precious Recruitment Cell and Delhi Armed
case and convict the criminals, he
time to interact with the members of Police 3rd Battalion.
added.
Managing Committee of PHDCCI. Mr. Shrivastava expressed his
Mr. Pradeep Multani, Senior Vice
The President introduced Mr. S gratitude for the opportunity to
President, PHDCCI delivered the vote-
N Shrivastava, a 1985-batch AGMUT interact with the Members. While
of - thanks to the Police Commissioner.
PHD Chamber Bulletin | May 2021 13Distinguished Speakers releasing the Knowledge Report titled ‘Harnessing Power of Heritage Tourism with Focus on Sustainability’
10TH INTERNATIONAL HERITAGE
TOURISM CONCLAVE
Harnessing Power of Heritage Tourism
with Focus on Sustainability
T
he Tourism Committee of
PHDCCI organized the 10th
International Heritage Tourism
Conclave with the theme ‘Harnessing
Power of Heritage Tourism with Focus
on Sustainability’ from 12-13 March
2021 at WelcomHeritage Ramgarh,
Panchkula.
The programme was supported by
the Ministry of Tourism, Government
of India; Madhya Pradesh Tourism
Board; Rajasthan Tourism; Haryana
Tourism Corporation Ltd; InterGlobe
Technology Quotient and Indian
Railway Catering and Tourism
Corporation Ltd. The Conclave was Ms. Rupinder Brar (IRS), Additional Director General – Ministry of Tourism, Government of India
attended by over 80 delegates from
travel and hospitality industry. The Inaugural Session was graced Ambassador, Embassy of the Socialist
by Ms. Rupinder Brar (IRS), Additional Republic of Vietnam; and Mr. Ferdy
Building on the previous nine
Director General – Ministry of Tourism, Piay, Charge d’Affaires, Embassy of the
editions, the Conclave deliberated
Government of India; H.E. Mr. Milan Republic of Indonesia. The Diplomats
on how tourism and culture
Hovorka, Ambassador, Embassy of shared the heritage tourism potential
sectors can work together more
the Czech Republic; H.E. Mr. Thomas of their respective countries.
collaboratively and increase public-
Selby Pillay, High Commissioner, PHDCCI was represented by Mr.
private partnerships to ensure the
High Commission of the Republic of Sanjay Aggarwal, President; Mr.
protection of Cultural and Natural
Seychelles; H.E. Dr. Marjan Cencen, Anil Parashar, Chairman – Tourism
Heritage while extending benefits to
Ambassador, Embassy of the Republic Committee; Mr. Pranav Gupta,
local communities.
of Slovenia; H.E. Mr. Pham Sanh Chau, Chairman – Haryana State Chapter;
14 PHD Chamber Bulletin | May 2021Mr. R S Sachdeva, Mentor – Punjab
State Chapter, Mr. Karan Gilhotra,
Chairman – Punjab State Chapter
and Mr. Rajan Sehgal, Co-Chairman –
Tourism Committee.
Inaugurating the Conclave, Ms.
Rupinder Brar (IRS), Additional
Director General – Ministry of Tourism,
Government of India, said, “Heritage
Tourism plays a crucial role in building
the visitor economy and destinations
should seek to maximize the Mr. P. P. Khanna, President, ADTOI; Mr. Jagdeep Singh Chandail, Senior Member, IHHA; Dr Shikha
Jain, Convener, Haryana Chapter, INTACH; Ms. Shabnam Siddiqui, Executive Director, UNGCNI and
opportunities it brings. India currently Mr. Pankaj Parashar, Indian Film and Television Director
has 38 UNESCO World Heritage Sites,
a number we are certain will grow in long VC meetings, the very thought across the world and in the country.
the years ahead. Each of these sites is of seeing everyone’s presence today The report provides ample scope and
a potential hub for economic activity.” reconfirms my faith in the saying opportunities towards preservation of
She further added, “Besides that ‘there is an opportunity in every world’s cultural and natural heritage.
World Heritage Sites, intangible adversity’. With international travel
cultural heritage too is a major driver remaining largely out of bound to the
While setting the theme of the
of sustainable development. While travellers, domestic travel will have its
Conclave, Mr. Anil Parashar, Chairman–
tourism offers the most obvious source strong hold in the second half of 2021,
Tourism Committee, PHDCCI, said,
of revenue, every effort must also be as more and more people look inwards
“We all are aware that COVID-19
made to develop urban infrastructure to explore their own homeland.”
has adversely impacted the Tourism
and revitalize other forms of heritage Mr. Aggarwal further added that industry. The government as well as
around these sites in order to build a 360 degree approach panning from the industry will need to rise to the
thriving local economies.” investment from the government challenge of transforming top Indian
Ms. Brar mentioned that the to build supporting infrastructure destinations as world class tourist
Ministry of Tourism has been and industry focus on innovation, attractions. The use of data science,
organizing series of Webinars under technology, sustainable best big data and artificial intelligence is
the theme ‘Dekho Apna Desh’, practices, exemplary service, creating essential for promoting Responsible
showcasing the diverse culture, customer experience will surely and and Sustainable Tourism to support
heritage, destinations and tourism steadily help in strengthening the and unify communities for years to
products of the country. “We reaffirm thrust in domestic tourism. come. Innovation should be integrated
our commitment to work with private PHDCCI and its Knowledge for better management, promotion
stakeholders and other partners too,” Partner – ORG India jointly released a and preservation of heritage, also to
she said. Knowledge Report titled ‘Harnessing make Heritage Tourism accessible.”
In his presidential address, Mr. Power of Heritage Tourism with Focus Mr. Rajan Sehgal, Co-Chairman–
Sanjay Aggarwal, President, PHDCCI, on Sustainability’. The report gives Tourism Committee, PHDCCI, said,
said, “This conclave comes after a year- a holistic view on heritage tourism “Cultural Heritage – both tangible
PHD Chamber Bulletin | May 2021 15CAW
Delegates during the Heritage Walk at Pinjore Gardens
and intangible are resources that
need to be protected and carefully
managed. It is fundamental that
tourism authorities study how best to
develop these cultural heritage sites
while protecting and preserving them
for the long-term.”
The domain experts in the Panel
Discussion on ‘Generating momentum
for making India the global epicenter
for Heritage Tourism’ included Mr.
P. P. Khanna, President, Association
of Domestic Tour Operators of India
(ADTOI) as the Moderator while
Panellists included Dr. Shikha Jain, Cultural Evening during the 10th International Heritage Tourism Conclave
Convener– Haryana Chapter, Indian
creation of new partnerships and organized at Pinjore Gardens for the
National Trust for Art and Cultural
collaboration which shall reinvent delegates to enjoy the heritage city
Heritage (INTACH); Ms. Shabnam
and diversify the offerings of of Panchkula, not only as past, but
Siddiqui, Executive Director, United
Cultural and Heritage Tourism with as a living tradition. Mr. Chandrakant
Nations Global Compact Network
larger focus on sustainability. The Kataria, Additional Managing Director,
India (UNGCNI); Mr. Jagdeep Singh
panellists highlighted that culture Haryana Tourism Corporation Ltd.
Chandail, Senior Member, Indian
and heritage acts as an engine for welcomed all the delegates and
Heritage Hotels Association (IHHA);
tourism development which is truly showcased the heritage component
and Mr. Pankaj Parashar, Indian Film
sustainable and we can look forward of Pinjore Gardens. He shared the
and Television Director.
to nourishing the balance of universe commitment of Government of
Over a year being lost and with through tourism and culture. Haryana in fostering private-public
the second wave hitting across partnership for improving tourism
A Heritage Walk was also
a number of countries, calls for ecosystem.
16 PHD Chamber Bulletin | May 2021CAW glimpses of the Event PHD Chamber Bulletin | May 2021 17
CAW
where there is a need to Invest in
creating awareness towards EV
technology, tax benefits, financing
options etc. He mentioned the need
for more clarity on National EV Policy
and Scrappage policy for ICE, etc.
He further opined that Government
should support the multi-level policy
like Tax cuts/rebates, incentives
for Localization, State and Centre
coordination on issues faced.
Mr. Sanjeev Gupta, Chairman,
Power, RE & AE Committee, PHDCCI
invited new investments in EV sector
and stated that PHDCCI will hand hold
them.
Mr. Saurabh Sanyal, Secretary-
General, PHD Chamber gave the
opening remarks of the technical
session where he expressed the
optimism that India had a huge EV
market and that investors should keep
a long term perspective. He added
that the emerging technology and the
introduction of new systems will be
Making India An EV Nation: a huge opportunity for new jobs and
required skill development.
Learning Globally
Mr. Hugo Spowers, Founder,
Riversimple, UK explained that
business models have to change
and how both battery & hydrogen
T
driven vehicles are the next big
he Power, RE & AE Committee, standardization of the charging thing. According to him, a mix of EVs,
PHDCCI organized an stations. He also requested the Hydrogen & CNG vehicle could provide
international webinar on industries to come up with fast clean transport to India.
‘Making India an EV Nation: Learning charging options. He added that
Globally’ on April 30, 2021. Mr. Rajeev Ms. Purnima Voria, Founder &
financing companies should tie-up
Arun Ekka, IAS, Principle Secretary CEO, National US India Chamber
with the EV Companies to promote
to CM, Principle Secretary (Dept. of of Commerce, USA said that in
the sales.
Labour Emp. & Training, IT & e-Gov.) September 2018, the Hon’ble PM of
Mr. Sanjay Aggarwal, President, India, Mr. Narendra Modi mentioned
cum-Labour Commissioner-cum-MD
PHD Chamber in his presidential his vision for Electric Vehicle market
JBVNL, Government of Jharkhand,
address complimented the in India and the process of adapting
was the Chief Guest of the webinar.
Government of India and various global practices. She added that many
Mr. Ekka mentioned that while talking
State Governments, specially the US based companies are looking
about Electic Vehicles, we should keep
Government of NCT of Delhi’s to invest in India in EV sector and
in mind 3 factors: Pollution, Public
‘SWITCH DELHI’, for their progressive technology exchange.
Transport and Purchasing Power of
policies and continuous endeavors for
the Public. He underlined that EV Policy Mr. Bobby Ravji, MD, Bloova
promoting adoption of EVs in India.
should incorporate the exemptions, Ltd., UK, explained how the right
Encouraging adoption of electric
subsidies and should also highlight components inside the charging
vehicles in India is one step out of the
the low interest loans as compared to stations can impact its efficiency. He
large number of steps which need to
normal vehicles to attract the buyers. mentioned the benefits of creating
be taken for sustainable development,
He further added that large numbers massive battery storage units and
he added.
of charging stations are needed working in collaboration with the
and the prices of the EVs should be Mr. Salil Gupta, Co-chairman, government.
competitive with the ones running on Power, RE & AE Committee, PHDCCI
Mr. Skrypnyk Sergiy, Project
fuel. asked for Supportive Government
Head, CARIS EV LLC, Ukraine showed
policies and a favorable investment
Guest of Honour, Dr Kamal Preet the benefits of creating the right
climate for achieving Atma Nirharta
Singh, IAS, Secretary, Department infrastructure when it comes to the
in EV sector and create more
of Transport, Food, Civil Supply charging stations.
employment opportunities.
& Consumer Protection, GAD, The webinar was moderated by Dr
Government of Chhattisgarh Mr. Ashish Modani, Vice President
Yogesh Srivastav, Assistant Secretary-
suggested that there should be & Sector Head, ICRA Ltd. shared his
General, PHD Chamber and was
views on the EV Market Development
18 PHD Chamber Bulletin | May 2021CAW
attended by many industry stalwarts industry also participated. Investments and Advisors Limited;
Pan-India. ICRA was the Knowledge The webinar was supported by Blossom Kochhar Aroma Magic; DCM
Partner, EV Tech News was the Media DLF India; Multani Pharmaceuticals Shriram Industries ltd; Radico Khaitan
Partner. A large number of foreign Ltd; JK Tyre & industries ltd; Marble ltd.; Timberworkz; Jaguar Overseas
investors and 190 delegates from auto City; Paramount Cables ltd; SMC and Instinct Power & Infra.
e (Chai-Pe-Charcha) on Insolvency
and Bankruptcy Code (Amendment)
Ordinance 2021
T
he Insolvency and Bankruptcy Multani, Senior Vice President, The other pertinent issues deliberated
Committee, PHDCCI organized PHDCCI. Mr. Sanjeev Ahuja, Chair, IBC were related to the Financial Creditors,
e (Chai-Pe-Charcha) on April Committee, PHDCCI introduced the Operational Creditors, Corporate
15, 2021 to discuss the Insolvency session citing major amendments. Debtors, Role of Registered Valuers
and Bankruptcy Code (Amendment) The major topics of the discussion and Applicability of Section 52. In the
Ordinance, 2021 allowing pre- included The Main Advantages and Q&A Session, topics such as Clean
packaged insolvency resolution Drawbacks of the Recent Ordinance, Slate Theory of the Supreme Court
process for corporate debtors Pre-Packaged Insolvency Resolution of India, Swiss Challenge Method and
classified as MSMEs. (PIRP), Corporate Insolvency Waterfall Mechanism were discussed.
The ‘Charcha’ started with the Resolution Procedure (CIRP), Dr Jatinder Singh, Director,
Presidential Remarks by Mr. Sanjay Corporate Debtor Restructuring PHDCCI delivered the vote- of –thanks
Aggarwal, President, PHDCCI followed (CDR), Extension of Moratorium to the guests.
by Special Remarks by Mr. Pradeep Period and Applicability of Section 29A.
PHD Chamber Bulletin | May 2021 19CAW
E-Conclave On Blockchain Technology
For Agriculture And Supply Chain
P
HDCCI in association with the his theme presentation said that (MANAGE), Ministry of Agriculture
National Productivity Council Blockchain gives transparent and Farmers Welfare mentioned that
(NPC), DPIIT, Ministry of information on inventories and lack of connection between farmers
Commerce and Industry organized contracts in agriculture, where the and suppliers, and middlemen are
an ‘E-CONCLAVE ON BLOCKCHAIN collection of such information is often roadblocks in the agriculture sector,
TECHNOLOGY FOR AGRICULTURE incredibly costly. which can be overcome through
AND SUPPLY CHAIN’ on March 26, Blockchain technology.
Mr. Arun Kumar Jha, Director
2021 through virtual platform. The
General, National Productivity Council, Mr. Samudra Mukherji, Manager,
e-Conclave brought together industry
DPIIT, Ministry of Commerce and S&O, Deloitte India mentioned that
leaders, government representatives,
Industry mentioned that emerging India’s strength in Blockchain lies in
blockchain technologists & regulators
technologies such as Blockchain, the vibrant Start-up ecosystem and
to explore applications of blockchain
AI, Robotic & IoT when applied to proactive Government support while
for agro-based industry and supply
agriculture and supply chain can reap humongous opportunities can be
chain.
exponential benefits by improving unleashed because of JAM (Jan Dhan
Mr. Pradeep Multani, Senior Vice scale, speed and efficiency in the Aadhar Mobile) trinity and low data
President, PHDCCI said that farmers processes. costs.
need a transparent, trusted and
Ms. P R Lakshmi Eswari, Senior Mr. Sumit Arora, Blockchain
reliable source of information that can
Director, Centre for Development Expert, explained deep technicalities
connect them directly to the market,
of Advanced Computing (C-DAC) of Blockchain technology Based
banks & consumers and eliminate
Hyderabad, Ministry of Electronics Application for Cross Border Supply
middlemen. Various benefits through
and IT (MeitY) quoted ‘Blockchain is Chain and asserted that Blockchain
Blockchain technology include time
known as Layer of Trust Protocol’. is a foundation technology not a
and cost efficiency, time-saving,
She asserted that Blockchain is secure disruptive technology.
privacy, security, fraud reduction,
storage for the World’s (Physical) data Dr Jatinder Singh, Director,
smart contracts, record keeping and
and transaction. PHDCCI, moderated the session.
decentralization.
Mr. G. Bhaskar, Assistant The e-conclave was supported by
Mr. Ashish Aggarwal, Chairman,
Director (IT), National Institute of the National Productivity Council.
Startup Committee, PHDCCI in
Agricultural Extension Management
20 PHD Chamber Bulletin | May 2021CAW
L-R: Mr. Sanjay Aggarwal, President, Mr. Pradeep Multani, Senior Vice President and Mr. Bimal Jain, Chairman, Indirect Taxes Committee, PHD Chamber; Ms.
Geetika Shrivastava, Executive Partner, TATTVAM Advisors
L-R: Mr. Birjesh Bansal, Partner, S S Kothari Mehta & Co.; Mr. Sandeep Garg, Partner, SSAR & Associates; Mr. Puneet Bansal, Managing Partner, NITYA Tax
Associates; Mr. Ayush Mehrotra, Partner. Khaitan & Co.
From Left to Right: Third Row: Mr. Saket Patawari, Executive Director, Nexdigm (SKP) and Ms. Monika Shingari, Joint Secretary, PHD Chamber
QRMP Scheme; Dynamic QR Code;
Compulsory Quoting Of HSN/SAC For
Supply of Goods & Services - Issues and
Way Forward
T
he Indirect Taxes Committee known as IFF, could be tedious. He unresolved issues with QRMP scheme
of PHD Chamber organized a added that there could be cases where and this will not be successful until
webinar on “QRMP Scheme; a dealer has more than Rs. 50 lakhs of it is aimed at ease of doing business.
Dynamic QR Code; e-invoicing; sales in a month; there will be cases Mr. Jain added that Trade needs to
Compulsory Quoting of HSN/SAC for of mismatch in GSTR 1 & 2B, which, in prepare well for implementation of
Supply of Goods & Services - Issues turn, could lead to compliance issues dynamic QR code and e-invoicing
and Way Forward” on March 26, 2021. and hassles for trade & industry. w.e.f. 1st April 2021, a taxpayer having
Mr. Sanjay Aggarwal, President, Mr. Pradeep Multani, Senior Vice aggregate turnover of more than Rs.
PHD Chamber observed that though President, PHD Chamber said that any 500 Crores is required to generate a
the QMRP is aimed at facilitating scheme mooted by the Government dynamic QR code for all B2C supplies
compliance, however, there could be should focus on ease of doing business and e-invoicing for registered person
issues when a small business supplies along with reduction in cost of doing having aggregate turnover of more
goods or services to larger businesses business. than Rs. 50 Crores in any preceding
filing monthly GST returns. Telling FY from 2017-18 for all B2B taxable
Mr. Bimal Jain, Chairman, Indirect
the vendors to upload invoices in the supplies. Further, it is also important to
Taxes Committee, PHD Chamber in his
Invoice Furnishing Facility, popularly understand the correct classification
theme presentation said that there are
PHD Chamber Bulletin | May 2021 21CAW
of goods & services in view of be considered as an invalid invoice. Mr. Ayush Mehrotra, Partner,
Notification 12/2017, as amended by Mr. Puneet Bansal, Managing Khaitan & Co. in his presentation
Notification 78/2020 dated 15 October Partner, NITYA Tax Associates made on ‘Classification of Services under
2020 for compulsory quoting HSN/ a presentation on “Classifications Goods and Services Tax Regime’
SAC code on tax invoices w.e.f 1st of Goods - Issues, Rates disputes, discussed the Concept of service &
April, 2021. Divergent Rulings, Cautions”. He said levy of tax under GST; significance
Ms. Geetika Shrivastava, Executive if classification is not possible based of classification system; contentious
Partner, TATTVAM Advisors made on description of goods specified issues under GST regime and
a comprehensive presentation on under tariff headings, chapter and classification of services. He said
Quarterly Return Filing and Monthly section notes, then the taxpayer has similar to goods, services also require
Payment of Taxes (QRMP) Scheme to follow the Rules of classifications. a uniform classification worldwide
under GST. She explained that QRMP He explained the General Rules and these classification codes are
is a Trade facilitation measure for of Interpretation with numerous known as Services Accounting Code
small scale businesses by allowing examples. He further highlighted or SAC. SAC Code was issued by CBIC
quarterly returns along with monthly various contentious issues relating to uniformly classify each service
payment of taxes. She said those who to classification of goods in case of under GST. Each service has a unique
have opted for the QRMP scheme can hand sanitisers; mosquito repellants; SAC. These codes are used to classify
use the Invoice Furnishing Facility (IFF) automobile parts among others. services for better measurement,
which allows quarterly GSTR-1 filers to taxation, and recognition of services.
Mr. Sandeep Garg, Partner, SSAR
upload their invoices every month. It He discussed some controversial
& Associates made a presentation
is an optional facility, similar to Form issues of Classifications of Services
on Compulsory Quoting of HSN/ SAC
GSTR-1. under GST with case studies &
for Supply of Goods or Services w.e.f
examples.
Mr. Birjesh Bansal, Partner, April 1,2021. He said Harmonized
S S Kothari Mehta & Co. made a System of Nomenclature, or HSN, Mr. Saket Patawari, Executive
presentation on “Dynamic QR code; was conceived and developed by the Director, Nexdigm (SKP) made a
its applicability, Preparation, Cautions World Customs Organization (WCO) presentation on ‘E-Invoicing under
and Precautions”. He observed that in with the vision of classifying goods GST’. He mentioned that E-invoicing
order to promote the Digital Payment, from all over the World in a systematic requires getting all invoices to be
Dynamic QR Code is brought by the and logical manner. He explained registered with the government on
Government vide notification no. the requirement of HSN on invoices/ the Invoice Registration Portal (IRP)
72/2019, 14/2020 and circular no. e-way; Bill of Entry among others. He and generating a unique Invoice
146/02/2021. It is very important to further explained the implementation Reference Number (IRN). Only a
note that one should mandatorily of Advanced Analytics in Indirect registered e-invoice with IRN is
print QR code on the invoice. Non- Taxation; correction of incorrect HSN considered as a valid invoice.
printing of QR code would lead to at time of e-invoice and determination
non-compliance and the invoice will of 6 digit HSN.
Cabinet approves Production Linked Incentive scheme ‘National
Programme on Advanced Chemistry Cell Battery Storage’
The Cabinet has approved the proposal of Department of Heavy Industry for implementation of the Production
Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for
achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of ‘Niche’ ACC with
an outlay of Rs.18,100 crore. ACCs are the new generation of advanced storage technologies that can store
electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and
when required. The consumer electronics, electric vehicles, advanced electricity grids, solar rooftop etc. which
are major battery consuming sectors are expected to achieve robust growth in the coming years.
While several companies have already started investing in battery packs, though the capacities of these facilities
are too small when compared to global averages, but there still is negligible investment in manufacturing,
along with value addition, of ACCs in India. All the demand of the ACCs is currently being met through imports
in India. The National Programme on Advanced Chemistry Cell (ACC) Battery Storage will reduce import
dependence. It will also support the Atmanirbhar Bharat initiative. ACC battery Storage manufacturers will
be selected through a transparent competitive bidding process. The manufacturing facility would have to be
commissioned within a period of two years. The incentive will be disbursed thereafter over a period of five
years.
22 PHD Chamber Bulletin | May 2021CAW
Early Warning Signals: Fitting
Into IBC in India
T
he Insolvency & Bankruptcy International Turnaround Professional and management, preparedness and
Committee of PHDCCI in and Mr. Rocky Ravinder Gupta, Project crisis management by organizations
association with Early Warning Director, Early Warning India. The and turnaround management.
India and Missing Bridge organized speakers elucidated about the basic The immediate incorporation of
a webinar on ‘Early Warning Signals : concept of Early Warning Signals, its this need of the hour mechanism
Fitting Into IBC In India’ on April 19, importance, how and why it gained into the Indian system and the role
2021. popularity in the western world, of private players in its successful
The session started with the about its relevance in Indian context induction was stressed upon during
welcome address by Mr. Saurabh especially for MSMEs. the deliberation.
Sanyal, Secretary General, PHDCCI Elaborating more the idea of Early Mr. G P Madaan, Co-chair, IBC
followed by the Opening Remarks and Warning Signals, the eminent speakers Committee, PHDCCI in his special
Session Introduction by Mr. Sanjeev expounded its basic structure, its address was very positive about this
Ahuja, Chair, IBC Committee, PHDCCI relevance in introducing necessary mechanism in India and suggested
who also moderated the session. changes in the organization, resource that a legislation to that effect should
The distinguished speakers at the management for a turnaround towards be brought in immediately by the
webinar were Mr. Morten Moller, a positive growth, how to ensure quick Indian government.
Project Leader, Early Warning Europe; and honest closure of an organization
if no other option is viable. Some of Dr Jatinder Singh, Director,
Dr Linda Spedding, International PHDCCI delivered the vote-of-thanks
Lawyer (Risk Management & the other important topics discussed
were risk identification, assessment to the guests.
Turnaround); Dr Jan Adriaanse,
PHD Chamber Bulletin | May 2021 23CAW
L-R: Mr. Jogiranjan Panigrahi, Joint Secretary, Textiles Infrastructure & Investment; Mr. Upendra Kumar Gupta, Deputy Advisor, Niti Aayog; Mr. Sharad
Jaipuria, Former President, PHDCCI and, Chairman and Managing Director , Ginni International Limited; Mr. Sandeep Aggarwal, Chairman, Industry Affairs
Committee , PHDCCI
L-R: Mr. Mukesh Agarwal, Co-chairman Haryana Committee, Mr. Vishwanath, Co-chairman, Industry Affairs Committee, Mr. Vikram Agarwal, Co-chairman,
Industry Affairs Committee and Mr. Saurabh Sanyal, Secretary General, PHDCCI
Investment Avenues in India’s
Textile and Apparel Industry
T
he Industry Affairs Committee set up over the next three years would He informed that to overcome the
of PHD Chamber organized give a huge boost to domestic textile constraints of exports, the central
a webinar on “Investment manufacturers. Also the removal of government has initiated several
Avenues in India’s Textile and Apparel the anti-dumping duty on man-made structural reforms in the last few years,
Industry “on April 6, 2021. fiber has also resulted in making this due to which the textile sector in the
Mr. Jogiranjan Panigrahi, Joint segment more competitive, he added. country would witness exponential
Secretary, Textiles Infrastructure & Mr. Upendra Kumar Gupta, Deputy growth in the near future.
Investment, stated that setting up Advisor, Niti Aayog , said that India’s Mr. Sharad Jaipuria, Former
of 7 major textile parks with plough share in world trade is close to 4% President, PHDCCI and, Chairman and
and play facility in the next 3 years which is much lower than that of China Managing Director, Ginni International
will help to provide large-scale which has a share of 34%. He explained Limited mentioned that the domestic
employment opportunities in the that small sized and fragmented textile industry which is currently at
textile industry. He explained about manufacturers pose a major challenge the size of US$ 137 billion can reach the
the hardships faced by textile industry to scale production in the textile figure of US$ 300 billion by the year
players during the COVID lockdown industry. On the other hand, higher 2025. He stated that though China
influenced industry to diversify into cost of manufacturing in Taiwan, dominates the world textile market,
manufacturing of PPE kits and N95 South Korea and China provides its share is falling due to an increase
masks and generated business worth opportunity to India. He explained in its labour cost and decrease in its
Rs. 7000 crores in India. Today, India that India is facing competition from domestic consumption. He explained
has 1100 registered manufacturers of countries like Pakistan, Bangladesh that India has a huge opportunity
PPE kits and have gained competence and Vietnam due to higher import to dominate the sector due to its
to become the second-largest duty, higher production costs, use of lower cost of labour and its trade
exporters of PPE kits during the COVID outdated technology and small size relations with other countries. He
period. He explained that almost production and manufacturer base in also mentioned that manufacturing
80- 90 percent of the machines used India. He informed that Bangladesh has shifted from advanced countries
in the textile industry are imported, has witnessed a 14 percent of like US to South Asian and South East
valuing currently at Rs 28,000 crores. compounded annual growth rate in Asian countries. China has been a
He stated that the Ministry of Textiles its textile sector due to the duty-free dominant player, but US has increased
has identified 60-65 machines that export grants from the European the import duties on apparels from
can be manufactured domestically, Union, while India faces a 9.5 percent China due to the trade war between
which would save crores of rupees duty. US and China and increased wages
for the Indian textile manufacturers. Also the size of the Indian textile in China has provided opportunities
According to Mr. Panigrahi, initiatives manufacturing unit is very small and to countries like India, Bangladesh,
from the central government like is almost one-third the average size Cambodia and Vietnam. The PLI
the production linked incentive (PLI) of a textile manufacturing unit in Scheme and MITRA Scheme have the
scheme and the MITRA program Bangladesh, so we cannot take the potential to increase India’s share in
where 7 mega textile parks would be advantage of economies of scale. the world trade, he added.
24 PHD Chamber Bulletin | May 2021You can also read
