In an interview with CNBC-TV18, MS Unnikrishnan, managing director, Thermax Ltd voiced the aspirations of industry in the Budget. He stated that the industry was keen on measures to control fiscal deficit and check inflation which would boost the capex cycle in the country. Unnikrishnan was also hopeful that the cess on imported power equipment would be implemented in the Budget.
Here's an edited transcript of his interview with CNBC-TV18. Also watch the accompanying video. Q:Is there a possibility of the 19% duty on imported power equipment in the Budget?A: Yes, we are looking forward to that. In the last cabinet meeting, it was to be included in the Budget.. Q:What are your other expectations from the Budget?
A: The industry expects a control on the fiscal deficit and a realistic estimate of growth potential. There are also concerns on the increase in the fuel prices. The industry doesn
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