Union Budget - Reduction of customs duty on raw materials is good - Mitashi

Mr. Rakesh Dugar, Chairman & Managing Director - Mitashi, a leading Indian homegrown consumer durables brand.

"Make in India and now ensuring employment to our youth, we have to make India the manufacturing hub of the world is a very good move announced in the budget presented by the Finance Minister Mr Arun Jaitley. Reduction in custom duty on raw materials and intermediaries is good for the sector.

Introduction of GST from next year and delaying implementation of GAAR is positive for the business in India. The fast paced clearance for starting business in India will attract more investments to the country. The said National Skill Mission, to develop employability of youth below 25 years of age will address the existing gap of trained manpower. Introduction of a comprehensive bankruptcy code for the ease of doing business by 2015-16 is an encouraging one."

Mitashi, a Company of Indian origin has always been at the forefront of introducing innovative products at affordable price points for the Indian consumers. With a turnover of over 350 crores, Mitashi today is a dominant player in the Toys industry, an undisputed leader in the Gaming industry and one of the fastest growing brands in Consumer Electronics segment. Mitashi has infact been a pioneer of the Indian Gaming Industry. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, Mitashi is recognized for premium quality & great value for money.

Source : Equity Bulls

Keywords