by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
This budget has been good for MSMEs like us and common people too. The MSMEs like us now must pay only when we receive payments. This is a huge relief, as we suffered due to the non-receipt of payments from vendors. Funds have been allotted to the handicraft industry,...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
Mr.Samir Jasuja – Founder & CEO – PropEquity, “The 66% increase in the allocation to Prime Minister Awaas Yojana to INR 79,000 crores is a sure boost for affordable housing. This is another step towards the government’s ‘Housing for...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“It’s a budget that was on expected lines. The focus was on capital expenditure, especially on the execution and completion of infrastructure-related projects. The budget delivered that. Overall, it was a satisfactory budget on expected lines and is progressive. Happy...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“The Government’s fidelity to reduce carbon footprint in the country has been re-assuring in the Union Budget 2023. The push towards green mobility will propel the growth of the EV sector in India and will encourage further investments. To usher in a green industrial...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
Commenting on the budget,Mr. Arroon Gawalli, Founder and CEO of Kreditnotes and MindBrreeze, “We welcome the Finance Minister’s take on the Credit Guarantee Scheme for MSMEs. Supporting the growth of the MSMEs, the revamped schemes will be infused with Rs. 9000...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“The government’s focus on empowering the MSME sector with the revamped credit guarantee scheme is admirable. We’re also glad to witness infrastructure & reaching the last mile being included in the 7 priorities of this year’s budget. The...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“Being the last full budget before the Lok Sabha elections in 2024, a lot of pressure on fiscal resources will have to be balanced with maintaining a feel-good factor among the people. The worst affected group by the recession in the West would be women and the...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy, Sustainability
“The Union Budget rightly builds incentives to support low carbon development pathways with the focus on Green Growth among the Saptarishi priorities. Catalyzing sustainable growth in India will require incentives to drive investments in technology and...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
Mr. Nikhil Agarwal, President-CJ Darcl Logistics said, “This is the first Budget of Amrit Kaal, and we believe that this is a budget aimed at fostering growth. We are sure that the huge rise in capital expenditure by 33% will have an incremental effect on the overall...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“The budget is progressive and growth-oriented given the focus on capital expenditure, green mobility, clean energy, and agriculture. It further defines the roadmap for achieving net-zero emissions by 2070. At SKF, we support India’s aspirations of inclusive and...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy
“The emphasis on digitizing India in the Union Budget is commendable. The vision for Amrit Kaal includes a technology-driven and knowledge-based India. The proposed National Data Governance Policy will help in boosting data led development and encourage technological...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | Finance & Economy, Textile Industry
The NDA Government led by the Hon’ble Prime Minister, Shri Narendra Modi, has been taking several path breaking and proactive policy initiatives to make India as one of the strongest top economies in the world. The country could achieve the envisaged results despite...
