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

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Courtesy: Invista

Textiles | On 21st Aug 2018

Fujian Petrochemicals to use Invista's P8 PTA technology

Invista’s technology and licensing group, Invista Performance...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Top executives
Textile industry

It will take some time for the people to change their buying choices

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search