Manish Mehan, CEO and MD, thyssenkrupp Elevator (India)

The forthcoming Budget 2021 will be crucial in terms of reforms announced, and we expect that the government will take appropriate measures to spur real estate demand such as tax deductions, reduction in GST rates on construction materials, RERA to considering multiple tower projects as an ongoing venture till the completion, repo rate deduction, etc, which will in turn propel the elevator industry growth. Apart from this, we expect a significant infrastructure push from the government.