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Manufacturing Sector too Feels Let Down

Published: 01st March 2015 06:00 AM  |   Last Updated: 01st March 2015 06:00 AM   |  A+A-

HYDERABAD:With the Union Budget giving no short-term direct incentives or measures to boost the industrial sector, entrepreneurs are a tad disappointed. ‘’We welcome the Union Budget and feel measures like doing away with multiple clearances and ensuring ease of doing business by giving all permissions at a single point, reduction of corporate tax over four years, huge investments in infrastructure and thrust on renewable energy would have a positive impact on the manufacturing sector,” observed Shiv Kumar Rungta, president of the Federation of Telangana and Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI). But all these measures are aimed for the long-term and there are no measures which will immediately encourage manufacturing industries, he pointed out. The disappointment is all the more acute as the government is giving ‘Make in India’ campaign utmost priority, raising hopes that manufacturing sector would be given impetus.

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