Budget 2016: Hope Budget to implement in time bound manner: Manish Goel

Manish Goel, Managing Director, Shilpi Cable Technologies"This is a progressive budget and Hon’ble Finance Minister Arun Jaitley has tried to addresses concerns of the industry through various initiatives announced in his speech. The budget reiterates the need and importance to accelerate growth in the manufacturing sector. Announcements regarding incentivizing domestic value addition towards the Make in India initiative has been well received. Also, changes in customs and excise duty rates to improve competitiveness and boost the domestic manufacturing has been seen as a welcome move by the industry. As a company which operates in the manufacturing sector, we believe that through this, there will be a spurt in the spirit of entrepreneurship, giving boost to the home-grown industries.""Overall, we welcome the Budget and hope these are implemented in a time bound manner so that all stakeholders can gain from it and country can achieve its ambitious growth targets."