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FICCI
Vol No 14 Issue No 11 FEBRUARY 2018
India’s Blue-chips, FICCI’s Foremost
Chairman - Editorial Board Dr Sanjaya Baru
EditorGeorge Skaria
Editorial TeamSukumar Sah Sushmita Yadav: Senior Assistant EditorManu Shankar: Senior Assistant Editor
MarketingRahul Siwach
AdvertisingP L JosephRakesh Arora
CoordinationDinesh Bhandari
Anjana Rajwar
Design & ArtVisualeyes Communications Pvt. [email protected]
Printed bySamrat Offset Pvt [email protected]
All Rights are reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, Electronic, Mechanical, Photocopying, Recording and/or otherwise without the prior written permission of the Publisher.
Statement about Ownership and other Particulars about the Journal (FICCI Business Digest) required to be published under Rule 8 of the Registrar Central Rules, 1956.
Printed and Published by Secretary General on behalf of (or owned by) Federation of Indian Chambers of Commerce and Industry, New Delhi and Published at Federation House Tansen Marg, New Delhi - 110001
R.N.I No. DELENG/2004/13722
Federation of Indian Chambers of Commerce and Industry,
Federation House, Tansen Marg, New Delhi – 110001
Phone: 23738760-70(11 Lines)
Fax: 23320714, 23721504
E-Mail: [email protected]
Website: www.ficci.in/wwwficci.com
FICCI is the voice of India's business and industry, reaching out to over 2,50,000 companies. Established in 1927, it is India's oldest and largest apex business organization. FICCI serves its members from large (domestic and global companies) and MSME sectors as well as the public sector, drawing its strength from diverse regional chambers of commerce and industry.
Business Digest February 20182 Business DigestFebruary 2018 3
16 - 22 Briefings
50- 55 Features
04 From the Secretary General
05 Statistical Snapshot - India
06 FICCI's Newsmaker of the Month
12 Viewpoint Transforming Indian Healthcare: Emerging Paradigms
n Time Not Ripe for Upgrading DGH into Independent Statutory Bodyn FICCI Partners with Nepal Embassy to Strengthen Economic Engagementn Need to Promote Richness of Ancient Indian Literature Across the Globen FICCI Joins Hand with CSCC to Promote Dalit Entrepreneursn Coal-Based Power to Increase 4% Per Year: IEA's Coal Market Reportn FICCI Welcomes Young Diplomats from Iraq and Syrian India-Rwanda Innovation Growth Programmen Saurabh Srivastava Heads Innovation & Technology Boardn Private Sector Role Critical in Disaster Managementn Government and Industry Need to Work in Tandem to Realise Potential of Indian Sportsn C. V. Raman International Fellowship: FICCI and DST Launch Coffee Table Book
n Adoption of Novel Technology Advancements Creates Positive Wave for Insurance Sectorn Achieving the Smart Cities Dreamn Forging New Partnership with Industry for Defence Production
70 In the States76 Flashback
We would like feedback/comments from our readers to enable us to improve our offering. Write to us at: [email protected] or [email protected]
Vol No 14 Issue No 11 February 2018 n n
Contents
From the Indian private (family-businesses, multinationals and startups)
and public sectors, corporates are increasingly joining the ranks of FICCI’s
membership. Today, the young and the old and the mature and emerging
businesses of India Inc. form the bulwark of India’s oldest business
chamber. It is in this backdrop that Business Digest brings to you a list of
FICCI's Top 500 member companies that today represent the best of India
Inc. The list seeks to demonstrate why and how India’s gold-standard
companies are part of country’s oldest business chamber.
08 Peter Sutherland, 'Father of Globalisation': RIP
10 Diary of Upcoming Events
56 - 69 Internationaln India-Israel Relations: Deeply Entrenched and Strategic; Will Need Nurturing at the Highest Levels of Government and Industryn Suresh Prabhu Addresses 12th India-UK JETCO Meetingn ASEAN Industry Urged to Leverage India's Strengths in Textile Value Chain: Textile Minister Smriti Iranin FICCI's Industry Perception Survey: Commemorating Two Decades of BIMSTECn Infrastructure, Manufacturing and High-Technology Offer New Business Prospects to Japanese Investors in Indian India the 'Guest of Honour' at Al-Janadriyah Festival, Riyadh
FICCI 500Wealth-creators At The Top Of India’s Oldest Business ChamberWhy the Country’s Blue-chip Companies are FICCI’s Foremost Members
FICCI 500: India’s Platinum Companies
Top Companies by Sectors
Top Companies by States
24283845
Chairman - Editorial Board Dr Sanjaya Baru
EditorGeorge Skaria
Editorial TeamSukumar Sah Sushmita Yadav: Senior Assistant EditorManu Shankar: Senior Assistant Editor
MarketingRahul Siwach
AdvertisingP L JosephRakesh Arora
CoordinationDinesh Bhandari
Anjana Rajwar
Design & ArtVisualeyes Communications Pvt. [email protected]
Printed bySamrat Offset Pvt [email protected]
All Rights are reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, Electronic, Mechanical, Photocopying, Recording and/or otherwise without the prior written permission of the Publisher.
Statement about Ownership and other Particulars about the Journal (FICCI Business Digest) required to be published under Rule 8 of the Registrar Central Rules, 1956.
Printed and Published by Secretary General on behalf of (or owned by) Federation of Indian Chambers of Commerce and Industry, New Delhi and Published at Federation House Tansen Marg, New Delhi - 110001
R.N.I No. DELENG/2004/13722
Federation of Indian Chambers of Commerce and Industry,
Federation House, Tansen Marg, New Delhi – 110001
Phone: 23738760-70(11 Lines)
Fax: 23320714, 23721504
E-Mail: [email protected]
Website: www.ficci.in/wwwficci.com
FICCI is the voice of India's business and industry, reaching out to over 2,50,000 companies. Established in 1927, it is India's oldest and largest apex business organization. FICCI serves its members from large (domestic and global companies) and MSME sectors as well as the public sector, drawing its strength from diverse regional chambers of commerce and industry.
Business Digest February 20182 Business DigestFebruary 2018 3
16 - 22 Briefings
50- 55 Features
04 From the Secretary General
05 Statistical Snapshot - India
06 FICCI's Newsmaker of the Month
12 Viewpoint Transforming Indian Healthcare: Emerging Paradigms
n Time Not Ripe for Upgrading DGH into Independent Statutory Bodyn FICCI Partners with Nepal Embassy to Strengthen Economic Engagementn Need to Promote Richness of Ancient Indian Literature Across the Globen FICCI Joins Hand with CSCC to Promote Dalit Entrepreneursn Coal-Based Power to Increase 4% Per Year: IEA's Coal Market Reportn FICCI Welcomes Young Diplomats from Iraq and Syrian India-Rwanda Innovation Growth Programmen Saurabh Srivastava Heads Innovation & Technology Boardn Private Sector Role Critical in Disaster Managementn Government and Industry Need to Work in Tandem to Realise Potential of Indian Sportsn C. V. Raman International Fellowship: FICCI and DST Launch Coffee Table Book
n Adoption of Novel Technology Advancements Creates Positive Wave for Insurance Sectorn Achieving the Smart Cities Dreamn Forging New Partnership with Industry for Defence Production
70 In the States76 Flashback
We would like feedback/comments from our readers to enable us to improve our offering. Write to us at: [email protected] or [email protected]
Vol No 14 Issue No 11 February 2018 n n
Contents
From the Indian private (family-businesses, multinationals and startups)
and public sectors, corporates are increasingly joining the ranks of FICCI’s
membership. Today, the young and the old and the mature and emerging
businesses of India Inc. form the bulwark of India’s oldest business
chamber. It is in this backdrop that Business Digest brings to you a list of
FICCI's Top 500 member companies that today represent the best of India
Inc. The list seeks to demonstrate why and how India’s gold-standard
companies are part of country’s oldest business chamber.
08 Peter Sutherland, 'Father of Globalisation': RIP
10 Diary of Upcoming Events
56 - 69 Internationaln India-Israel Relations: Deeply Entrenched and Strategic; Will Need Nurturing at the Highest Levels of Government and Industryn Suresh Prabhu Addresses 12th India-UK JETCO Meetingn ASEAN Industry Urged to Leverage India's Strengths in Textile Value Chain: Textile Minister Smriti Iranin FICCI's Industry Perception Survey: Commemorating Two Decades of BIMSTECn Infrastructure, Manufacturing and High-Technology Offer New Business Prospects to Japanese Investors in Indian India the 'Guest of Honour' at Al-Janadriyah Festival, Riyadh
FICCI 500Wealth-creators At The Top Of India’s Oldest Business ChamberWhy the Country’s Blue-chip Companies are FICCI’s Foremost Members
FICCI 500: India’s Platinum Companies
Top Companies by Sectors
Top Companies by States
24283845
From the Secretary General
This edition of Business Digest is special. For, the Lead Story package is
an analysis and listing of our top member companies. We call this
unique list: ‘FICCI 500’.
Companies across the spectrum have realised that if Indian industry is to be
an active participant in the building of a New India, they would need a
platform where business, society and the government can work and grow
together. An industry association where members’ concerns for a mutually-
beneficial policy agenda can be shaped collaboratively. A Federation of
businesses which the government at the Centre and those in the states can
trust and have confidence that local, regional and national priorities will be
taken care of.
This shared agenda has brought together India’s pre-eminent companies as
part of the FICCI family. To that extent, FICCI 500 is a microcosm of the
evolving and growing India Inc. It comprises the traditional family businesses;
the post-independence public sector companies that helped shape the
economy; multinationals in India which have established themselves before
and after the 1991 reforms and the best of Indian entrepreneurship
represented through the first- and second generation led companies like
Reliance, Bharti Enterprises, Edelweiss and Cadila and the young disruptive
start-ups like OYO and Makemytrip.
Other reports in this issue include those of FINCON 2018, the 19th annual
insurance conference of FICCI, held in Mumbai; the India-ASEAN
Commemorative meetings in New Delhi organised in association with the
Ministries of External Affairs, Commerce and Industry, Textiles and Youth
Affairs; FICCI’s Smart City Summit addressed by Mr. Hardeep Singh Puri,
Minister of State (Independent Charge), Housing and Urban Affairs; the high
profile Indo-Japanese and Indo-Israel
pow-wows where FICCI had the pride
of honour of being the leading
industry partner and the India-UK
JETCO Meeting in London where
FICCI had the benefit of the presence
of Mr. Suresh Prabhu, Minister for
Commerce & Industry, Government
of India, and Mr. Liam Fox, Secretary
of State of State for International
Trade & President of the Board of
Trade, UK.
As Business Digest evolves itself
with new sections, ideas and
editorial innovations, we look
forward to your valuable feedback.
Sanjaya Baru
Business Digest February 20184
Sources: CMIE, RBI
Statistical Snapshot - India
Nikkei Purchasing Managers' Index Value
WPI 2.1 4.3 5.5 5.1 3.9 2.3 0.9 1.9 3.2 3.1 3.7 3.9 3.6
CPI 3.4 3.2 3.7 3.9 3.0 2.2 1.5 2.4 3.3 3.3 3.6 4.9 5.2
External Sector
Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Manufacturing 49.6 50.4 50.7 52.5 52.5 51.6 50.9 47.9 51.2 51.2 50.3 52.6 54.7
Services 46.8 48.7 50.3 51.5 50.2 52.2 53.1 45.9 47.5 50.7 51.7 48.5 50.9
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 15-16 15-16 15-16 15-16 16-17 16-17 16-17 16-17 17-18 17-18 2015-16 2016-17 2017-18*
Export Growth (in %) 6.5 5.2 22.7 27.1 17.9 7.2 4.1 4.0 10.4 25.8 -1.3 29.2 12.4
Import Growth (in %) 1.5 11.7 24.9 45.2 47.7 34.7 18.2 16.2 21.4 18.1 7.6 19.6 21.1
Net FDI Inflows 1990 4071 994 -68 1642 3422 2108 4178 7666 554 1619 - -(USD million)
Net Portfolio Inflows -4380 254 1609 8935 2121 5902 4428 887 560 619 3010 - -(USD million)
Forex Reserves 358.9 363.0 364.3 370.0 373.3 380.1 386.5 393.7 397.8 400.2 399.2 401.9 404.9(USD billion)
*as on December 22, 2017
Rs/USD 67.9 68.1 67.1 65.9 64.5 64.4 64.4 64.5 64.0 64.4 65.1 64.9 64.2
Rs/Pound 84.7 83.9 83.8 81.3 81.5 83.2 82.5 83.8 83.0 85.7 85.9 85.8 86.1
Rs/Euro 71.6 72.3 71.5 70.3 69.2 71.2 72.4 74.2 75.6 76.8 76.5 76.1 76.0
Rs/100 Yen 58.5 59.2 59.3 58.3 58.6 57.5 58.1 57.3 58.2 58.2 57.6 57.5 56.9
Gross Domestic Product (at constant prices): Growth in %
GDP 7.6 8.0 7.3 9.1 7.9 7.5 7.0 6.1 5.7 6.3 8.0 7.1 6.5
GVA 7.6 8.2 7.3 8.7 7.6 6.8 6.7 5.6 5.6 6.1 7.9 6.6 6.1
Agriculture 2.4 2.3 -2.1 1.5 2.5 4.1 6.9 5.2 2.3 1.7 0.7 4.9 2.1
Industry 7.3 7.1 10.3 10.3 7.4 5.9 6.2 3.1 1.6 5.8 8.8 5.6 4.4
Services 9.3 10.1 9.6 10.0 9.0 7.8 6.9 7.2 8.7 7.1 9.7 7.7 8.3
*As per CSO's First Advanced Estimate
Business DigestFebruary 2018 5
Non-Food Credit: Growth in %
Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Non-Food Credit 6.2 4.3 4.3 9.0 5.6 5.5 9.0 6.5 7.1 7.1 7.4 9.6 -
Inflation Rate: Growth in %
