Anand Srinivasan, Managing Director, Covestro on Budget 2021.

 

"The announcement of the budget by the Honorable Finance Minister in the midst of a pandemic situation has indeed been a very progressive one. The focus on the implementation of various agendas is a clear sign of a robust economic objective for the country. With further inclusion of green initiatives that focus on sustainability and a circular economy will definitely stimulate the economy to be one of the responsible countries across the globe. The budget has aimed to boost the manufacturing sectors by emphasizing the overall well-being of the economy. Calibrated changes in customs duty on certain items will trigger local production and boost manufacturing under Atmanirbhar Bharat. The Government's ambition towards a production-linked-incentive scheme will help in maintaining the momentum across manufacturing sectors. This has potential to be a great move for the chemical industry."