Kailash Desai-COO, Endress+Hauser reaction to the Interim union budget-2019

“This year’s budget showcased and witnessed many World’s best initiatives run by Indian Government one of them being Swaccha Bharat Schemes. Inflation in December 2018 was just 2.1%, which is all time low and the fiscal deficit & current account deficit was down too. It is seen that USD 239 BN was invested under FDI which makes us an investor-friendly country. I was expecting some GST relaxation to boost the manufacturing and automation segment and we hope we get some attention in the coming time. The Government wants to expand rural industrialization using modern industrial technologies based on the Make In India approach- may be a focused approach will lead to transformation. Overall it looked to be a populist budget and we are eagerly waiting to see a New India 2022.”

Thursday, February 7, 2019