Saket Kanoria’s wishlist for the government

"For the printing and packaging industry, I don’t think we have any wishlist in particular. I personally don’t believe that we deserve or we need anything additional.

I think for a businessman, the tax policy of the government should be fair and equitable and it should be all over. The GST should be rolled out and it should hit all sectors.

"The fact is that we have been for 70 years under Nehru-vian socialism and a plethora of laws and procedures have been created. Our systems are unnecessarily complex. And I don’t think our government earns more revenue than those governments in Western Europe and UAE, who have the simplest paperwork.

"My wish is that we completely simplify and liberalise the way we do business. I don’t think any businessman minds paying the excise duty and the sales tax. We do many repetitive things that we are wasting time on and this is not curbing misuse.

"The second thing is that the Indian middle class and corporates deserve lower income tax. This will propel growth. I hope the NDA government will deliver on this front.

"As positive sentiment surges, TCPL Packaging is ramping up its plants and systems including a new greenfield in Guwahati. Profits could rise 20%—as the company strives to notch up Rs 500 crore."

Do read the Saket Kanoria - Big Interview with Ramu Ramanathan in the July issue. Book your copy now. Send your subscription to priyaiyer@haymarket.co.in

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