Industry And Cluster | News & Insights

POST BUDGET REACTION QUOTE : MSME AND RETAIL SECTOR – MR. PUNEET AND YATIN JAIN DIRECTORS ODHNI

Published: February 4, 2020
Author: TEXTILE VALUE CHAIN

MR. PUNEET AND YATIN JAIN, DIRECTORS ODHNI

“The 2020 budget presented by the honorable minister for finance will set our economy on the right path in the new decade and for many decades to come if fully implemented. For instance, when you take a look at new initiative proposed by the FM termed the subordinate debt for Entrepreneurs, then the extension of debt restructuring from by another year from which more than 5 lakh of MSME benefited last year; you will see that the vision behind the budget is great for start-ups and therefore great for our budding labor force and economy. The objective of the administration to increase imports under Free Trade Agreements and the proposed increase in Customs Duty on some imported items such as footwear and furniture will boost local manufacturing and enhance our foreign exchange advantage”

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