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BUDGET REACTION BY MR HARSHA V. AGARWAL, DIRECTOR, EMAMI LTD

“A very forward looking budget with focus on capital expenditure which should drive growth. The ease of business  in India has also been prioritised. So over all the budget pulls no surprises and focuses on growth of the Indian economy.”

BUDGET REACTION BY MR ADITYA V. AGARWAL, DIRECTOR, EMAMI GROUP

“It is a balanced budget boosting overall growth with focus on development of manufacturing, infrastructure and agri-economy. This budget focusses on self-reliance and protection of domestic manufacturers through change in custom and import duties. It is in prefect line with the long term goal of Atmanirbhar Bharat.  However, we would expect the government to reinstate the import duty difference between refined palm oil and crude palm oil back to 11% from the current 5.5% to keep the domestic industry viable. Further, in the time of sustainable and re-cycled products, imposing import duty on waste paper needs review.”

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