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."
No comments