MUMBAI, 2nd FEBRUARY, 2022 (GPN): Finance Minister, Nirmala Sitharaman presented the Union Budget in the Parliament yesterday And with a slew of measures given to various sectors to complement macro-economic level growth with a focus on microeconomic level all-inclusive welfare.

Here are the Industry Experts views post Budget

1.Mr. Sudhanshu Pokhriyal, Chief Operating Officer, Bath Products, Brilloca

“We welcome the initiatives announced by the Hon’ble Finance Minister towards improving the country’s overall housing infrastructure. The announcement of a high-level committee of urban planners and the use of five existing academic institutes as centres of excellence in urban planning showcases the government’s commitment to progress in a planned and sustainable manner. With an emphasis on the need for Indian ‘Mega cities’ to transform into centres for economic growth; we feel there will be unique opportunities for ecosystem members to come together and build economies of scale leading to an increase in overall employment generation.”

2.Quote by Mr. Rakesh Kaul, CEO and Whole-Time Director, Somany Home Innovation Limited

 “Budget 2022 brings a sense of optimism and reflects the government’s continued focus on ‘Make in India’, decreasing the dependency on imports. Duty concessions to promote electronic manufacturing will help the industry sustain itself while recovering from the challenges of the pandemic. Hon’ble Finance Minister’s commitment to establishing a strong 5G ecosystem will lead to product innovations across multiple categories including IoT-enabled appliances. We also welcome the push towards housing infrastructure as this is likely to create positive demand for consumer goods and home appliances, enabling businesses to grow.”