A printer and a manufacturer react to Budget 2014
I saw the budget, and found it to be sufficiently satisfactory for the industry. It seems the vision of the government is to promote the MSME sector, which is a good step for Indian printing industry. The nationwide ‘District level Incubation and Accelerator Programme’ for incubation of new ideas and necessary support for accelerating entrepreneurship is a welcome step. With 250,000 printing units, India is one of the leading countries in the world. We have the calibre and the capaci
12 Jul 2014 | 1868 Views | By PrintWeek India
Excise duty on machinery used in processing and packaging of agricultural, horticultural, dairy and poultry products is reduced, since same machinery is used for the packaging and wrapping of other products, it may lead to confusion, such reduction of duty is required for all kind of products.
- Kamal Chopra, Foil Printers
I believe this is overall a positive budget. Given that the fortunes of printing packaging industry have been intricately linked with the overall economic climate, the future looks bright. The focus on infrastructure, deficit reduction and putting more spending power in the hands of young professionals along with several consumption friendly policies should hold overall economy in good steed.
Nice to see the print media continuing to be free of service tax. Reduction of excise duty on food processing should help flexo packaging industry. Indian economy has always been driven by the SME segment, so I was happy to see boost to this industry.
- Samir Gulve, EFI