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Dalmia speaks out on Union Budget 2007-2008

Feb '07
Sanjay Dalmia, Chairman, GHCL
GHCL Chairman Sanjay Dalmia speaking exclusively to Fibre2fashion:

Two things I would always like to see, growth always going up and secondly supply line.

Three hundred million people are availing the benefits. Their buying power has increased in all kind of goods and services.

They have additional saving power. Assuming others are not worth of by large, may be they all are not growing at the same rate as other three million people, in terms of their income level etc.

Point is the supply line for goods and services has to keep up with the rising expectations and rising spending power of this several million and everybody else.

That is what I would like to see in the budget and that has to neutralize the shortages and deficits happening, so that the price remains under control. That can be done by augmenting the supply. Not by restricting purchase. The moment you restrict the purchase, you immediately hit the growth.

I don't want to do that. I want to improve the supply line, both goods and services. So, that there is no inflation. If you can't do it internally, then you import.

You have got lot of foreign exchange. You can get it from wherever you can and augment the supply line for all these things that the three hundred million people are spending on. That is what I want a budget to sort of address.

Rest is all sectarian. In home textile, the industry has to work in paper to government where we can say that you can do this thing so that our goods can trace the track.

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