The Budget will be announced "at a time when the macro-economic milieu continues to be domestically and globally challenging", the industry body said, adding that it looks forward to suitable policy interventions which would rekindle business sentiment and help to debottleneck economy.
Concerned over increasing imports of electronic goods, Commerce and Industry Minister Anand Sharma has made a case for boosting hardware manufacturing to reduce dependence on imported items.
The proposed National Manufacturing Policy has moved one more step closer to being a reality. Prime Minister's principal secretary TKA Nair, who chaired an inter-ministerial meeting on the policy today, asked all concerned government departments to submit their views on the policy in the next two weeks.