The agro industry has high expectations from the upcoming Budget scheduled on February 1, 2022
Ashish Khandelwal, MD, BL Agro while giving his opinion on the manufacturing and FMCG perspective says, “The manufacturing industry has always been a sensitive one, balancing the operating costs and the profitability. Any new strategic investment gets burdened in ensuring the ROI. It would be of immense benefit if the government incentivise and encourage investments in manufacturing and drive the local manufacturing sector in line with the Make-in-India push. Tax benefits for manufacturers on meeting set goals for productivity, green index, health and safety standards etc. would also help to increase technology adoption.”
Similarly, in line with the National Nutrition Mission, FMCG companies manufacturing nutrition-rich food products should also be extended incentives and priority benefits. Also, there should be a reduction in GST rate on items such as ghee, butter, dry fruits, to increase rural consumption as they form a major market, is what he has to say.
