Pre-budget expectations from Godrej Appliances

Mr. Kamal Nandi, Business Head & EVP, Godrej Appliances:

"Consumer appliances help to enhance people's quality of lives through various household products and hence are a crucial sign of India's rapid economic growth. These products are not luxury items but vital tools towards making people's lives easier and more productive.

The consumer appliances segment keenly awaits the forthcoming budget. There are huge expectations in terms of policies and incentives so that it could assist during the initial phase of GST implementation, which will entail some amount of uncertainty and hence anxiety on the part of the business fraternity.

Additionally, the forthcoming budget needs to spell out policies to ensure that maximum domestic manufacturing can be achieved across the segment. There should further be incentives and tax concessions for manufacturing energy efficient products, which are the need of the hour and in keeping with the government's focus in this area.

The recent demonetization move and resultant cash crunch has dampened customer's buying sentiment. Hence, there should be urgent policy measures to spur consumption for economic growth."

Source : Equity Bulls

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