Industrial production Current Affairs - 2020

World Productivity Congress in India after 45 years of gap

The World Productivity Congress has been conducted by the World Confederation of Productivity Science since 1969. It was last held in India in 1974. The Congress is held under the theme

Theme: Industry 4.0-Innovation and Productivity

Highlights

The 19th World Productivity Congress to be held in Bengaluru aims at catalyzing government approaches in enhancing productivity. It is to be held between May 6, 2020 and May 8, 2020.

Purpose

The Congress will act as a platform to shape future productivity growth. It will also help India and other attending stakeholders to learn innovative approaches that are essential to support the growing population. It is expected that the world population will reach 9.7 billion by 2050 and 11.2 billion by 2100 according to the United Nations.

Significance

According to the World Economic Forum, India will become the third largest economy in the world after US and China by 2030. Also, in the next few years India is expected to grow at 7% though it is facing a slowdown currently. This huge market potential of India makes it an ideal choice for the 19th world productivity congress.

CII celebrates 125 years; Tamil Nadu CM launches new scheme at the event

The Confederation of Indian Industry (CII) is celebrating its 125th birth anniversary in the year 2020. In order to commemorate its anniversary, the organization has been hosting several events in different parts of India under the theme

Theme: CII@125: Business and Beyond

History

The CII is India’s premier business association that works to sustain an environment that is conducive towards the economic growth of the country.

The Journey of CII began as Engineering and Iron Trades Association (EITA) in 1895. Later the Engineering Association of India that was established in 1942 merged with EITA to form the Association of Indian engineering Industry (AIEI) in 1974. In 1986, it became the Confederation of Engineering Industry (CEI).

Finally, in 1991, the CEI became the CII.

Tamil Nadu Scheme

The Tamil Nadu Chief Minister on 30th January 2020, announced “Direct CTO (Consent To Operate) Scheme for Green Industries” to mark the 125th birth anniversary of CII. The scheme also helps to improve Ease of Doing Business.

The scheme aims at relaxing the clearances of Green category industries.

Pillars of CII

The CII works on the four pillars as follows

  • Building Competitiveness
  • Policy Advocacy
  • Creating an equitable society
  • Expanding industry’s global footprint