Emphasis on measures to stimulate growth & investment, boosting domestic consumption with a focus on building R&D-Tech-Innovation led next-generation economy
Ahmedabad (Gujarat) [India], January 29: Narendra Modi-led NDA government is required to stimulate growth and boost investment with confidence from both public and private sectors in the Union Budget 2022. Special emphasis should be on job creation, lifting consumption & sentiments, and building infrastructure in priority sectors – Education, Health, Rural & MSME. With no social security mechanism for people at the large, inadequate public infrastructure, the middle-class taxpayers were affected the worst. Gujarat-based industrialists and corporates have high hopes from the government and expect the Union budget will be inclusive and growth-oriented.
Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Ltd, said, “We need to create an effective commercial ecosystem to encourage innovation and research in the country, which is ignored to an extent. Covid taught very important lessons of self-reliance and innovation in the pharma sector, especially in the APIs to reduce dependence on China. The Healthcare sector will look for higher allocation towards production Linked Incentive schemes to encourage capacity expansion of sensitive APIs, complex excipients, drug intermediates, etc. Interest subsidies and restoration of weighted tax deduction u/s 35(2AB) to encourage innovation and R&D are some of the key measures required for the sector.
Funds allocated for healthcare as a percentage of GDP at 1.5% continue to be lower compared to most developing nations. Keeping in mind the current pandemic situation, it is need of the hour for the government to increase the allocation towards health infrastructure across the entire infrastructure chain, specifically in tier 2 and tier 3 cities and immunization. Higher allocation to the sector is also necessary to enable the government to achieve its target to spend 2.5% of GDP on healthcare by 2025.”
“The logistics industry is hoping that Finance Minister Mrs. Nirmala Sitharaman’s much-anticipated budget would contain some bold measures to increase logistics competitiveness and overall infrastructure development. On the technological front, the central government should pave the way for investments towards digitization of supply chain management”, said Mr. Ajay Mokariya, Managing Director, Shree Maruti Courier Services Pvt Ltd.
“The budget should focus on technology, R&D, especially in the field of the Location Intelligence Industry. We expect the budget to focus on investing in infrastructure that will help the logistic companies to reduce the total logistics cost as well as time taken for delivery of goods for the end customer. The industry is expecting policy support and tax relaxations to reduce logistics costs to boost export competitiveness. The budget should also propose noteworthy incentives for adopting green logistics to reduce environmental impact. On the policy front, the Narendra Modi-led government should make a strong move on the National Logistics Policy (NLP) in the year 2022 budget. The upcoming budget is expected to contain measures to push reforms and increase supply chain efficiency. It should also announce capital subsidies for building world-class warehouses in tier-2 & 3 towns to support the development of efficient distribution centers. This will help India to turn into a manufacturing hub of the world”, opined Mr. Mokariya.
Mr. Prafulla Gattani, MD & CEO Instatrade Business Venture Group, said, “Government must bring more disposable money into the system to drive consumption. For this, the individual IT exemption limit must be raised to 10 Lakh as this is the bare minimum today, considering the present rate of inflation of the past 5 years. To give a boost to the Digital Economy and Artificial Intelligence, spending on education must be increased, and exemption on educational expenses must be raised to Rs 1 lakh per annum as any good institute is not charging fees less than this for a child. Also, there should be a focus on policy for alternative energy sources, and a long-term policy should be made to promote and reduce dependency on crude.
A large package is required for MSME, and the definition of MSME must be raised to 100 crore investment. Spend on infrastructure must continue for a better and stronger India, and all construction material must be brought into the GST limit of 12% instead of 18%.”
Youre so cool! I dont suppose Ive read anything like this before. So nice to find someone with some unique thoughts on this subject. realy thanks for beginning this up. this web site is something that’s wanted on the net, somebody with somewhat originality. helpful job for bringing one thing new to the internet!
You could certainly see your expertise within the work you write. The sector hopes for more passionate writers such as you who aren’t afraid to say how they believe. Always follow your heart.
I carry on listening to the newscast lecture about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?
I rattling thankful to find this website on bing, just what I was searching for : D besides bookmarked.
Some genuinely howling work on behalf of the owner of this site, perfectly great subject material.
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
Awsome blog! I am loving it!! Will come back again. I am taking your feeds also.
After I initially commented I clicked the -Notify me when new comments are added- checkbox and now every time a remark is added I get four emails with the identical comment. Is there any method you possibly can remove me from that service? Thanks!
Keep functioning ,fantastic job!
Wow! Thank you! I permanently needed to write on my website something like that. Can I take a fragment of your post to my website?
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Great work!
I’ve read a few excellent stuff here. Certainly value bookmarking for revisiting. I wonder how so much attempt you put to make such a magnificent informative website.
I have not checked in here for a while since I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Some really nice and useful info on this internet site, as well I conceive the design and style contains fantastic features.
whoah this blog is great i really like reading your articles. Stay up the good paintings! You recognize, a lot of individuals are looking around for this information, you can help them greatly.
I gotta bookmark this site it seems very useful very useful
Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!
You have somke reaⅼly good posts and I belіeve I would bе a gooⅾ asset. If yoᥙ ever wɑnt too take somе oof
tһe load off, Ι’d absolutеly love카지노사이트 tⲟ ѡrite sߋme c᧐ntent for your
blog in exchange for a link Ьack to mіne. Please send me an email іf іnterested. Tһank ʏou!
You have somke reaⅼly good posts and I belіeve I would bе a gooⅾ asset. If yoᥙ ever wɑnt too take somе oof
tһe load off, Ι’d absolutеly love카지노사이트 tⲟ ѡrite sߋme c᧐ntent for your
blog in exchange for a link Ьack to mіne. Please send me an email іf іnterested. Tһank ʏou!
You have somke reaⅼly good posts and I belіeve I would bе a gooⅾ asset. If yoᥙ ever wɑnt too take somе oof
tһe load off, Ι’d absolutеly love카지노사이트 tⲟ ѡrite sߋme c᧐ntent for your
blog in exchange for a link Ьack to mіne. Please send me an email іf іnterested. Tһank ʏou!
I would like to thank you for the efforts you’ve put in writing this blog.“강남안마”
I really hope to check out the same high-grade content from you later on as well. In fact, your creative writing abilities has encouraged me to get my very own blog now 😉
Awsome blog! I am loving it!! Will be back later to read some more. I am taking your feeds also
Wow! Thank you! I permanently wanted to write on my website something like that. Can I take a part of your post to my blog?
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
I like this post, enjoyed this one thank you for putting up. “No man is wise enough by himself.” by Titus Maccius Plautus.
Helpful information. Lucky me I found your site accidentally, and I’m shocked why this accident did not took place earlier! I bookmarked it.
I just like the valuable information you provide to your articles. I’ll bookmark your weblog and check once more right here regularly. I am slightly certain I’ll be told many new stuff right here! Good luck for the following!