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The Ministry of Micro, Small and Medium Enterprises (MSME) plans to set up a Rs 200 crore aerospace technology centre at Oragadam, near Chennai.
The World Trade Centers Association recently launch of World Trade Center (WTC) Navi Mumbai
The government is planning to develop medium and small-scale industry clusters in Gurgaon, Faridabad, Rohtak and other industrial belts of the state. As many as 16 new Micro, Small and Medium Enterprises (MSME) clusters have been proposed by the state, and these will be constructed.
By 2020, India is set to become the world's youngest country with 64 per cent of its population in the working age group. With the West, Japan and even China aging, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant 2 per cent to the GDP growth rate.
“The Budget is practical, balanced and growth oriented. The decrease in taxation on royalty payments will propel Make in India program to be successful.
Significant budget impetus to the Skill India program. Rationalization of power tariff structures for manufacturing industry.
Given the huge gap in skilled manpower in the farm-to-fork model, it is important to look at the fruits the effort of skilling this sector
After a long time , we have had a wholesome budget, replete with fresh ideas. Providing jobs to the population is the toughest challenge being faced by the government today. With the focus on manufacturing, and the excessive commitment to infrastructure – there is bound to be a growth in jobs.
Overall the budget gets a 7.5 rating. It signifies a commitment to continuity, ease of business and emphasis on encouraging social spending at the individual and at the Government level.
We welcome this budget as it is positive, growth oriented and puts forth realistic roadmap to attain sustainable economic growth.The government’s thrust on renewable energy is clearly visible in the target of achieving 175 GW by 2022. India in the last 25 years India has done 34 GW and in the next 7 years we now have a target of 175 GW, comprising of 60GW wind energy which is an ambitious target for the industry and we welcome the move since it is in the right direction.
