Pre- Budget Expectation from HPL Electric & Power Lt

Mr. Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd

“We are expecting the Government to ensure proper and timely implementation of positive initiatives like the UDAY, IDPS Scheme and Deen Dayal Upadhyaya Gram Jyoti Scheme for the power sector. A boost to these schemes in terms of funds and finances from the Government will be helpful to ensure best execution of these initiatives. We are also looking at a clearly defined roadmap for GST from the Government as this will help our sector, especially the trade, by clearing procedural delays. The market for LED products is growing exponentially and a check in custom duties on these  products – raising the duties on finished goods and reducing it on raw materials – will give impetus to Make-in-India initiatives while also keeping a check on the influx of cheap products from other countries. Also a boost for R&D is required for development and updation of various technologies. Overall, a growth oriented budget which helps provide the required boost to the economy by investments in infrastructure & housing is what we are expecting from the Government.”