Mr. TusharMehendale, Managing Director, ElectroMech Material Handling Systems (India) Pvt. Ltd.
“It is heartening to see that the GST rollout date has been committed as Apr 2016. Now after an eternal wait, we can finally begin the countdown to a simpler indirect taxation regime. This will definitely give a massive fillip to the manufacturing and logistics industry as effective economies of scale can be achieved and processes can be simplified.
Focussed disinvestment in loss making PSUs coupled with a contemporary bankruptcy code will definitely aide in cleaning the mess and introducing overall efficiencies in the industry. This will have a long term impact of ensuring the “survival of the fittest” and breed excellence that is much required if India has to emerge as a preferred global manufacturing hot spot.
Announcement of 100,000 km of roads and 4 UMPPs is surely a move in the right direction and will help in giving a good boost especially to the capital goods companies.
Overall a good budget for the economy.”
