Representative imageA few days before the February 1st consolidated budget 2025-26, industry players in the manufacturing department supported local production, reduced the GST of consumer durable goods, increased tax reforms, and increased disposable income. We are looking for a favorable policy to stimulate consumer spending.
Since the federal government is eager to increase the share of the GDP manufacturing industry from 17 % to 25 %, the industry in the industry will expand the production -related incentive (PLI) scheme, support sustainable manufacturing, and We look forward to the financial incentive for tax exemption support.
Hartek Group’s executive director and CEO, Simarpreet Singh, praised the progress of renewable energy sector, especially the Indian government supporting solar power.
He further emphasizes the importance of continuous support for production -related incentive (PLI) schemes and infrastructure development that can promote the participation of the private sector, promote innovation, and enhance India’s manufacturing capabilities. did.
Meanwhile, Niresukumar Kucaliekal, a business director in Africa, South Asia, the Middle East, and Africa, emphasized the need for sustainable manufacturing and innovation investment. With the growing global demand for environmental responsibilities, Kukaryekar has urged the government to focus on policies to encourage recycling and bi -based materials.
“We encourage the use of recycling and bio -based materials, support new green technology research, and encourage the government to focus on policies to promote circulating economic models,” he said.
According to Kukalyekar, enhancing such an initiative will help accelerate the transition to India to the low -carbon economy.
Technically, SkyE Air CEO Ankit Kumar has expressed a strong support for the development of drone sector, especially in e -commerce and quick commerce, which has the potential to revolutionize logistics. Kumar suggested that in the future budget, it is necessary to prioritize tax exemption, drone services, manufacturing, and maintenance GST tax rates.
He also simplifies the drone control process of expanding funds under the PLI scheme to include drone services and infrastructure such as drone ports, especially for visual visual (BVLOS) distribution. I asked for it.
ARAHAS Technologies’s CEO Saurabh Rai has emphasized the need to balance the development of rapid technology, especially in AI, with the basic needs of sectors such as geographical information systems (GIS) and Space Tech.
RAI has expressed concern about the lack of funding for important projects such as GIS, which is essential for sustainable urban planning, preparing for disasters, optimizing land, and sustainable urban planning. He encouraged him to prioritize the budget to “increase GIS funding, prioritize sustainability, and instruct AI innovation to solve actual problems.”
Harshit Aggarwal, the founder and CEO of NovaMax Appliancees, reflected the emotions of many industry leaders and urged the government to continue to strengthen policy to support local production.
“The government wants the government to strengthen its local manufacturing support policies and strengthen the MSME, startups, and the” Made in India “brand. ”
He called for the expansion of initiative like Pradhan Mantri Mudra Yojana. Aggarwal also focused on the great progress conducted under the PLI scheme, led to an increase in domestic production and employment creation.
Ellista’s chairman and MD, Saket Gaurav, called for measures to strengthen consumer durability industry.
He encouraged him to expand the PLI scheme, reduce important components imported tariffs, and strengthen domestic production capabilities. “Especially, rationalizing the GST rate on a large screen television, which is currently being taxed at 28 %, will improve the reasonable price and promote advanced technology,” he said.
GAURAV also proposed a better financing option for consumers and policies for export subsidies, which help Indian brands compete in the global market.
The need to strengthen the Indian MSME sector was emphasized by Amit Mittal, a chando pool paper that pointed out the importance of incorporating sustainability into the operation to achieve net zero emissions by 2070.
“The long -awaited union budget 2025 hopes to focus on green subsidies, low -interest loans, and tax deductions that make sustainability more accessible and economically feasible,” said Mittal. Masu.
He also advocated access to the carbon credit market and an increase in subsidies for green technology in order to support MSME in a sustainable conversion.
Going further, HS Bhatia, Daewoo India’s MD, has expressed concern about the tax burden on the middle class and the impact on consumer spending.
He pointed out measures to reduce the tax burden on the middle class, which would improve disposable income and consumer expenditures.
“As the government has introduced some PLI initiatives to reduce corporate taxes and support the manufacturing industry, Batia has reduced the tax burden of the middle class, and has more disposable income among people. It is necessary to secure it. “
Ashish Munjal, a SUNSTONE co -founder and CEO, emphasized the need for financial incentives to promote collaboration between the industry and academia. He suggested that investment in R & D in higher education and skill development programs could fill in employment gaps and increase the possibility of sector.
