FM should announce steps for infra, realty sectors in Budget 2017: Kamlesh Patel
To boost exports, we want finance minister to introduce incentives for exports or exempt profit from exports as provisions earlier.
By Kamlesh PatelThe ceramic industry is facing double whammy of a slowdown in domestic demand and cheap imports from China. We expect finance minister to announce remedial measures which can foster growth in the infrastructure and real estate sector.
GST should be implemented as early as possible. Also affordable housing and infrastructure sectors should be levied at a lower slab in GST at 12% to achieve government target of construction of 60 million homes under government initiative of Housing for All.
In addition we expect government to lower the corporate income tax to 28% in the upcoming budget and lowering it further to 25% in coming years as promised by FM.
To boost exports, we want finance minister to introduce incentives for exports or exempt profit from exports as provisions earlier. Further to safe guard domestic ceramic industry we demand to reinstate anti dumping duty.
For the success Make in India, Government should support and promote domestic ceramic companies by baring Chinese imports to very minimal usage.
Government should give special thrust in the budget to rural economy, social sector schemes and infrastructure in addition to increasing basic exemption limit for individual tax payers to Rs. 5 lakh to further boost the domestic growth story."
The writer is the Chairman and Managing Director of Asian Granito India Ltd
Arun developers
