Home / Knowledge / News / Textiles / Budget is positive for overall growth - Dabur
Budget is positive for overall growth - Dabur
01
Mar '08
After the Union Budget of 2008-09, Fibre2fashion contacted Dabur India CEO Mr Sunil Duggal, to find out what he felt about the budget.

Mr Duggal seemed quite satisfied with the Budget and said, "The Union Budget 2007-08, which aims to put the agriculture sector back on the growth track, is overall positive for the FMCG industry."

He explained, "Mr Chidambaram's decision to reduce CENVAT rate to 14 percent is in line with the GST roadmap, and will go a long way in achieving the Finance Minister's goal of taking the manufacturing sector growth rate to double digits."

He further added that the Government's decision to reduce CST to 2 percent is also a positive step forward, and will help bring down costs. "The cut in excise duty, I feel, will result in overall cost efficiencies and savings for Dabur India," he said.

Meanwhile, Dabur India believes that the decision to put agriculture and farm sector on the center stage will surely boost the rural economy and improve demand, which will foster faster growth for FMCG companies.

He was also optimistic, saying, "The changes in the provisions of law pertaining to Fringe Benefit Tax (FBT), like exclusion of guest houses and events for employees from the purview of FBT, will surely provide some relief to corporates."

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search