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Budget 2014-15: An Encouraging Step Towards Energy Security

Team Industry 2.0
July 15, 2014

From the industry point of view, the budget promises thrust to the infrastructure development that plays a significant role in revival of the economy.

The budget allocation for developing non-traditional energy will help reduce the dependence on coal, and is an encouraging step towards energy security for us as a nation. From the industry point of view, the budget promises thrust to the infrastructure development that plays a significant role in revival of the economy.

 

 

The continued exemption of additional excise duty is reflective of the government’s support towards the automotive industry and its growth. Opening up of Foreign Direct Investment (FDI) in defence and railways is also a positive step towards modernisation of these sectors.

 

 

This budget also has provided a strong impetus on the manufacturing sector that will contribute to the growth. The budget attempts to ensure higher purchasing power in the hands of people and has given small savings a push. Timely implementation of the policies will attract investment and will drive growth in economy.

 

 

Shishir Joshipura, Managing Director, SKF India

 

 

What do you think about the Annual Budget 2014-15?

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