The Upcoming union budget high on expectations
The industry expects the budget to be a very pragmatic one
Kishan Jain, Director – Goldmedal Electricals
“As the country awaits Finance Minister Nirmala Sitharaman to present the Union Budget for 2022-23, under the ominous time of a potential third wave, we expect the budget to be a very pragmatic one. We hope additional incentives to businesses, particularly manufacturing companies, can be a part of the budget proposals.
We hope the government will use the ‘Atmanirbhar Bharat’ and ‘Make in India’ programmes to attract foreign investments, implementing cutting-edge technologies, and increasing exports in order to make India a global manufacturing powerhouse. This will also inturn help increase job prospects, which is necessary for a post-pandemic future.
From a future perspective, we hope our government would place a greater focus on employing emerging technologies to emphasize the importance of using energy-efficient solutions. We hope the government continues to support manufacturers to expand projects on innovative lighting products and other solutions which are environment friendly. These steps may also aid in defining a route toward meeting the net-zero target by 2070.”
