MARKET & ECONOMY​

On behalf of the Clothing Manufacturers Association of India, representing over 2,000 manufacturers and 15,000 retailers, I would like to congratulate the Finance Minister for his balanced, growth oriented, and manufacturing friendly budget presented.

We strongly welcome the strong thrust on logistical infrastructure, a commitment to implement GST by end of this year, and trade facilitation. This specific deadline on GST implementation will positively impact investor confidence in the logistics sector.

The budget has a progressive tone. The impetus on boosting manufacturing, infrastructure, inland fisheries and agriculture sectors bode well as this would aid in boosting the economy as a whole.

Smart city lies at the heart of the Union Budget of the new government. The allocations and the measures announced now gives shape to the Narendra Modi´s initial idea of 100 smart cities.