“The new government is very supportive of industrial growth and considering the recent developments and through the honorable PM’s direction to “Make in India” ; it has been able to extend the investment avenues and re-instil faith in the industry for strengthening the Indian Business Infrastructure further. If this optimism can be supported with tax reforms like the implementation of Goods and Service Tax (GST); it would stimulate and foster investment and build a sustainable business environment for all the players. We are also hopeful that the upcoming budget would focus on recommendations like 0% Customs Duty for project imports in the power, electrical & energy sector encouraging businesses to develop their manufacturing set-ups and invite new investments. A relaxation up to 5% on excise duty on manufacturing of energy efficient products would surely stimulate the growth of this industry”
