Budget reaction : ITF

We welcome the following moves in Union Budget 2022:

1. Initiation of *Ease of Doing Business 2.0* with industry stakeholders consultation is a much-needed one to improve our ranking.

2. *Extension of one year period for tax incentives for new manufacturing units* will motivate industries regarding new Capex.

3. *Using technology for crop assessment if attempted for cotton in top priority*, will be helpful for the industry to get good market intelligence.