Post Budget Reactions ( on Infrastructure & Elevator Indistry) by Mr. Amit Gossain, MD,KONE India

Posted by: at 2/02/2017 04:56:00 am
Post Budget Reactions ( on Infrastructure & Elevator Indistry) by Mr. Amit Gossain, MD,KONE India
Comments on Budget 2017: by Mr. Amit Gossain, MD, KONE India

With the constraint not to touch the Indirect Tax proposals, the Finance Minister has done the best possible in this year’s budget.

With the clear Agenda of TEC India to Transform, Energise and Clean India he has set his priorities for action.
Post Budget Reactions ( on Infrastructure & Elevator Indistry) by Mr. Amit Gossain, MD,KONE India

Post Budget Reactions ( on Infrastructure & Elevator Indistry) by Mr. Amit Gossain, MD,KONE India


Granting status of Infrastructure for Affordable Housing he has managed twin gains of helping the Developers to get favorable funding and the Society at affordable prices keeping cost of funds at lower levels. This is a welcome step! Housing at all levels is so important for India that this can all come in priority lending, which will have a very positive impact on Real Estate and hence Economy as a whole.
                                                                                                                                                                                                                                                       
The proposal that 500 Railway Stations will be made "differently abled" friendly by providing Lifts and Escalators meets not only the social cause but gives business potential for the Elevator Industry.

Reduction of Corporate Tax for SMSE by 5% is also a good move, but the promise of overall reduction has not been addressed.

At least he could have shown a 1 to 2% reduction for other to show a signal of reduction.

Amendment to Labour Laws and Negotiable Instruments Act for cheque dishonor will definitely help in ease of doing business.
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