Author: Neel Achary

Stronger Won Signals New Business Shift for South Korean Companies

Seoul, Sep 4: South Korea’s strengthening currency is creating a mixed business environment, offering relief to importers and companies dependent on overseas inputs while putting pressure on exporters as the won climbs to its strongest level in more than a year.

The won closed at around 1,350.4 per US dollar on Friday, its strongest level in 14 months, after falling into the 1,340-won range during intraday trading. The currency has gained significantly from its recent lows as the dollar weakened and market expectations around US interest rates shifted.

For Korean businesses that import raw materials, energy and equipment, a stronger won can reduce the local-currency cost of overseas purchases. This could provide some relief to companies facing higher input costs and help improve margins if the currency remains firm.

Export-oriented companies, however, face a different challenge. A stronger won can make Korean products relatively more expensive in overseas markets and reduce the value of foreign earnings when they are converted back into the local currency. This is particularly important for major exporters in sectors such as electronics, automobiles and machinery.

At the same time, South Korea’s technology sector continues to benefit from strong global demand. The country’s recent export performance has been led by semiconductors, with demand linked to artificial intelligence providing significant support to chipmakers and the wider technology supply chain.

Investor confidence has also improved. The benchmark KOSPI rose 1.64% to 6,687.21 on Friday, while foreign investors remained active buyers of Korean equities. Semiconductor companies were among the major beneficiaries of the improved market sentiment.

The currency’s gains also come against the backdrop of substantial foreign-exchange activity linked to SK Hynix. South Korean authorities reportedly purchased about $20 billion of dollars repatriated by the chipmaker following its US listing, highlighting the scale of capital flows influencing the won.

For businesses, the direction of the won will therefore remain important in the coming months. A stable currency could support import costs and business confidence, while a rapid appreciation could become a concern for exporters competing in global markets.

With semiconductor demand remaining strong and foreign investment flowing into Korean assets, the stronger won is emerging as an important factor for corporate earnings, trade competitiveness and investment decisions across South Korea.

CII-IGBC’s Green Synergy Noida 2026 Champions Climate Resilience and Water Security

Noida, Sep 4: The Indian Green Building Council (IGBC), part of the Confederation of Indian Industry (CII), organized the 2nd edition of Green Synergy Noida 2026, Noida, bringing together government, real estate, infrastructure, industry and sustainability leaders to deliberate on the future of climate-resilient, resource-efficient and low-carbon development.

Currently, in India we have 20,012 registered green building projects covering more than 16.33 billion sq. ft., across IGBC’s 33 Green and Net Zero rating systems. The movement spans approximately 41 lakh residential dwelling units, 11,770+ commercial projects, 1,320+ transit infrastructure projects, 985+ industrial buildings, 271 Net Zero projects and 190+ built environment projects. 

Under the theme ‘Future-Ready Built Environment: Client Risk, Resilience & Business Value’, the programme focused on climate resilience, water security, high-performance buildings and the adoption of low-carbon construction materials. The discussions highlighted the need to integrate resilience and resource efficiency into the planning, design, development and operation of buildings and infrastructure. 

Mr. K D Singh, Chairman, IGBC Noida Chapter and Managing Director, Aircon Engineers Pvt. Ltd, said:

 “Climate resilience is no longer an option but an imperative for the future of our cities and built environment. As Noida continues to evolve as a leading hub for real estate and infrastructure, we must ensure that growth is supported by resource-efficient, resilient and future-ready development. Green Synergy Noida 2026 provides an important platform for government and industry to collaborate, exchange best practices and translate sustainability ambitions into actionable solutions.”

Mr. Nikhil Hawelia, Co Chairman, IGBC Noida Chapter and Managing Director, Hawelia Group, spoke on reimagining real estate by moving from sustainability towards resilience. “The real estate sector must now move beyond the question of whether a building is green to asking whether it is truly resilient and future-ready. With climate risks, water stress and extreme weather events increasingly shaping urban development, resilience must become an integral part of how we design, build and operate our assets. This is not simply a cost or compliance consideration—it is an investment in risk reduction, long-term asset value and customer trust. The developers who embrace resilience today will be the market leaders of tomorrow.”

The inaugural session, ‘Building a Future-Ready Built Environment: The New Imperative for Climate Resilience’, featured perspectives from government and industry. The inaugural session had a special address by Mr. Dinesh Gupta, President, CREDAI Western U.P & Managing Director, Samriddhi Group, said, “Climate resilience is fast becoming a defining factor for the future of real estate in NCR. With the region witnessing unprecedented growth, our responsibility is to ensure that the buildings and communities we create today remain efficient, resilient and valuable for decades to come. Sustainability is no longer a premium feature but a basic market expectation, and the way forward is to mainstream climate-resilient practices across every stage of development. At CREDAI Western UP, we believe that resilience is not a cost centre but a value-creation strategy that can strengthen both business performance and quality of life.” 

Mr. Rohit Puri, Convenor, CII Western Uttar Pradesh – Government Affairs Panel and Director, APPL Packaging, said,

 “Western Uttar Pradesh stands at the forefront of India’s next phase of economic growth, driven by world-class infrastructure, manufacturing, logistics and urban development. As the region scales new heights, competitiveness will increasingly depend on how effectively we manage climate risks, strengthen resource security and build resilience into every aspect of development. Sustainability is no longer merely an environmental consideration, it is a growth strategy that enhances productivity, attracts investment and secures long-term economic prosperity.”

A leadership panel on ‘Climate Risk, Water Security & Asset Value: Building Future-Ready Real Estate and Infrastructure’ examined how climate risk and water security were influencing investment decisions, urban planning and long-term asset performance. The panel featured Mr. Dharmendra Kumar Kamra, Former Member, Airports Economic Regulatory Authority of India; Mr. Pankaj Varshney, Omaxe Group; Mr. Atul Saxena, Pacific Group; Gaurs Group; Mr. Mukund Kumar, Brookfield India Real Estate Trust; and Mr. Keshav Singhal, Noida International Airport. 

The technical session, ‘Designing Buildings That Perform Under Climate Stress’, showcased solutions for improving building performance, occupant comfort and long-term resilience. Mr. Karanvir Singh, Saint-Gobain India, spoke on next-generation glass technology; Mr. Mohit Agarwal, Vinayak Industries, discussed high-performance reflective materials for net-zero buildings; and Mr. Ankit Magan, Retas Enviro Solutions Pvt Ltd, highlighted smart rainwater systems for water-positive infrastructure. 

The programme also featured a special stakeholder consultation on ‘Accelerating the Acceptance of Low-Carbon Cement in India’s Built Environment’. The session examined the benefits, applications, market potential and life-cycle performance of low-carbon cement, with contributions from Ms. Shashikala Agrawal and Mr. Fattesinh Gaikwad of CII Green Business Centre. 

The concluding stakeholder panel examined the technical, economic, market, regulatory and procurement barriers to low-carbon cement adoption. It featured Mr. Pankaj Khanna, Development Alternatives; Mr. Rajiv Sadavarti, Shree Cement; Mr. Ashish K Jain, AEON Integrated Building Design Consultants LLP; Mr. Sunil Kumar, Heidelberg Cement; and Ar Rahul Tyagi, Architects Association Noida, under the chairmanship of Mr. Sandeep Tandon, Anusandhan National Research Foundation. 

Mr. Nilesh Kumar Rana, Deputy Director, CII—IGBC and Mr. Punit Agarwal, Senior Counsellor, CII—IGBC, set the context on climate resilience through

The event concluded with stakeholder consultations on barriers, opportunities and the way forward, reinforcing the importance of government-industry collaboration, climate resilience, water security and low-carbon construction in shaping a future-ready built environment for NCR and Western Uttar Pradesh. 

El Nino Raises Fresh Concerns as India Braces for Weak September Rains

New Delhi, Sep 4: India’s monsoon outlook has come under renewed pressure as strengthening El Nino conditions coincide with expectations of below-normal rainfall in September, raising concerns for agriculture, water resources and the broader rural economy.

The India Meteorological Department (IMD) has forecast September rainfall at less than 91 per cent of the long-period average. The projection follows a weak August, when rainfall across the country was 16 per cent below normal.

The developing weather pattern is particularly important because September is a crucial month for crops that were sown during the southwest monsoon. Reduced rainfall at this stage could affect crops such as cotton, soybean, maize and pulses, while lower soil moisture may also create difficulties for farmers preparing to sow winter crops.

El Nino is adding to the uncertainty. The weather phenomenon, marked by warmer-than-usual sea surface temperatures in the central and eastern Pacific Ocean, can disrupt global weather patterns and is often associated with drier conditions across parts of Asia. The IMD has indicated that El Nino conditions have strengthened and could influence the final phase of this year’s monsoon.

The implications extend beyond the farm sector. The monsoon supplies a large share of India’s annual rainfall and plays an important role in replenishing reservoirs, rivers and groundwater. With a significant portion of Indian agriculture still dependent on rainfall, a prolonged shortfall can affect farm incomes, food production and rural demand.

Lower rainfall could also put pressure on water availability in areas already experiencing deficient precipitation. Reservoir levels, irrigation requirements and drinking-water supplies could become more important concerns if the dry conditions persist.

The agricultural impact may be particularly significant because crops affected by August’s rainfall deficit are entering important stages of development. A further shortage of rain could increase the risk of lower yields, while insufficient soil moisture could complicate the planting of wheat, chickpea and rapeseed later in the year.

The weather outlook also comes against the backdrop of an unusually hot August. India recorded its warmest August since 1901, with the national mean temperature reaching 28.01 degrees Celsius, while rainfall during the month was among the lowest recorded since 2001.

For policymakers, the immediate focus will be on monitoring rainfall distribution rather than looking only at the national average. Rainfall can vary sharply between regions, and the impact on crops and water availability depends heavily on where and when the rain falls.

The possibility of a weaker September therefore adds another layer of uncertainty to India’s monsoon season. While it does not automatically point to a severe drought, continued rainfall shortages combined with strengthening El Nino conditions could increase pressure on agriculture, water management and rural economic activity.

With the monsoon entering its final stretch, the coming weeks will be critical. For farmers, reservoirs and policymakers alike, every spell of rainfall could make a significant difference to how India closes the 2026 monsoon season.

Goyal Pushes Nationwide FTA Drive to Take Indian Exports to Global Markets

Union Commerce and Industry Minister Piyush Goyal has called for a nationwide campaign to ensure that Indian businesses make greater use of the country’s expanding network of Free Trade Agreements (FTAs). Speaking at a national workshop on leveraging FTAs in New Delhi, Goyal said the benefits of preferential market access must reach businesses at the grassroots, including MSMEs, startups, traders, first-time exporters and women entrepreneurs across all 780 districts. He said wider FTA utilisation would be critical to expanding India’s global trade footprint and supporting the country’s long-term ambition of becoming a $30 trillion economy by 2047.

The Minister pointed to India’s recent economic performance, including 7.8% GDP growth in the first quarter, as evidence of the economy’s resilience amid global uncertainty. He said India’s nine existing FTAs cover economies accounting for around $60 trillion in GDP and offer preferential access to nearly two-thirds of global trade. With additional agreements and market-access initiatives under consideration, India could gain preferential access to about 75% of global trade at more competitive tariff rates, he said. Goyal stressed that the effectiveness of an FTA should ultimately be judged by how Indian exporters fare against competitors in the same markets.

India is targeting $1 trillion in exports this year, with exports touching nearly $317 billion during the first four months, up from about $280 billion in the same period last year. Goyal said sectors ranging from textiles and engineering to electronics, pharmaceuticals, chemicals, agriculture, marine products, gems and jewellery and leather have significant potential in international markets. He also called for stronger institutional support to help exporters overcome challenges related to standards, sanitary and technical requirements, regulatory approvals and logistics. The government, he said, must particularly ensure that smaller exporters are not left behind as new trade opportunities emerge.

Goyal also outlined a last-mile strategy to convert FTAs into actual export growth. States have been asked to identify products and clusters where FTA benefits are already visible as well as areas where opportunities remain untapped. He urged Export Promotion Councils and industry associations to expand their outreach to smaller businesses, provide information in local languages and bring more exporters into international trade delegations. The workshop also examined the Export Promotion Mission and Districts as Export Hubs, with state-level discussions focused on export clusters, barriers to FTA utilisation and required government support. The Centre said the broader effort aims to deepen Centre-State coordination and ensure the country’s trade agreements translate into jobs, foreign exchange earnings, and wider participation in global commerce.