Displaying items by tag: Federation of Indian Chambers of Commerce and Industry

India: The Federation of Indian Chambers of Commerce & Industry (FICCI) has named Adani Group subsidiary Ambuja Cements the winner in the Women Empowerment category of its Corporate Social Responsibility Awards 2020 – 2021. During the period under consideration, the producer’s initiatives supported 2970 self-help groups and trained 31,000 women. It employed 9000 women in its operations.

Ambuja Cements says that it aims to help women in their role as breadwinners, changemakers and leaders in their communities.

India: The Federation of Indian Chambers of Commerce and Industry (FICCI) has asked the government to restart home and road building to help cement producers. The Press Trust of India newspaper has reported that all construction work has stalled since 25 March 2020 due to the coronavirus lockdown. The FICCI believes that Indian cement demand is currently set to decline by 10-12% year-on-year. To relieve the sector, the FICCI urged the Indian government to lift the lockdown in metropolitan areas in order to allow the continuation of residential construction, which accounts for 60-65% of cement demand.

To protect domestic producers from any import dumping post-crisis, the FICCI has suggested that Indian cement sales should be subsidised. It also requested a ‘relaxation of environmental emission norms’ until mid-2022 ‘to save the industry from additional capex expenses.’