India's aviation, tourism and hospitality sectors are set to hit hard due to the West Asia conflict suffering as much as 15 to 20 per cent decline in inbound tourist traffic and an estimated net loss of Rs 18,000 crore for the aviation industry.
Rajeev Juneja is the President of the PHD Chamber of Commerce and Industry (PHDCCI). Juneja is a first- generation entrepreneur with experience in the pharmaceutical industry and is the Vice - Chairman and Managing Director of Mankind Pharma, a leading pharmaceutical company.
Reacting to the Budget, industry body PHDCCI said it welcomes and strongly supports the Union Budget 2026–27 initiatives aimed at expanding manufacturing across strategic and sunrise sectors.
The remarks came during PHDCCI’s Brainstorming Session on "Critical Minerals: Way Forward to Overcome Global Supply Chain Uncertainties".
The award was received by Shri Sanjay Kumar Jain, Chairman & Managing Director, IRCTC, along with Shri Rahul Himalian, Director (Tourism & Marketing), IRCTC, during the 120th Annual Session of PHDCCI held at Bharat Mandapam, Pragati Maidan, New Delhi.
In its letter to the Finance Minister Nirmala Sitharaman, PHDCCI warned of a severe inverted duty structure in the polyester value chain following recent GST revisions.
A day after the imposition of Trump tariffs on Indian goods, the central government announced the extension of the import duty exemption on cotton (HS 5201) from 30th September 2025 till 31st December 2025.
While the Trump tariff will affect approximately $8.1 billion worth of India's exports to the US, the overall impact on India's economy remains manageable, said PHD Chamber of Commerce and Industry (PHDCCI).
The PHD Chamber of Commerce and Industry (PHDCCI) has urged Finance Minister Nirmala Sitharaman to grant permanent zero-rated import duty on gold ore concentrate, aligning it with copper ore concentrate as this would help boost India's gold ore concentrate processing industry and create more jobs in the country.
PHD Chamber of Commerce and Industry (PHDCCI) on Thursday interacted with Sanjay Malhotra, Revenue Secretary and his team, on Pre-Budget Memorandum for 2025-26.
