“At Covestro, we are pleased with the initiatives outlined in Union Budget 2023 to drive infrastructure development and growth in the domestic manufacturing sector. As a leading player in the polymer industry, we believe that these measures will provide us with significant opportunities for expansion and further solidify our presence in India. The government’s commitment to simplify the tax system and rationalisation of Custom duty structure are positive steps that will greatly benefit our operations and support investments in manufacturing, research and development. Overall, the budget will benefit the manufacturing industry and further ease business.”
