Kamal Bali,
Managing Director,
Volvo India
“The Indian Union Budget presented by the Finance Minister this morning in Parliament is both progressive & fiscally prudent. It addresses a lot of concerns of many sectors, with focus on reviving economic activity & job creation. The provisions such as investment allowance, push on infrastructure & manufacturing sectors, increase in FDI in certain sectors, deepening the debt market & advance ruling on transfer pricing, are some of the positive moves that will encourage investment and a regime of predictability on taxation. Also, of particular significance is the announcement with regard to the mining sector, which has been languishing in the recent past. The planned changes in the MMDR Act will help encourage investment & promote sustainable mining practices.”
