Date: 24/07/2024
A strong move towards accelerating India’s growth trajectory with steadfast focus on infrastructure investments
Rizwan Soomar, CEO and Managing Director, DP World North Africa and India Subcontinent
“The fiscal budget is a strong move towards accelerating India’s growth trajectory with steadfast focus on infrastructure investments to a record Rs 11.11 trillion ($132.85 billion). Lower corporate tax rate on foreign companies will help attract overseas companies and capital, positioning India as integral to global manufacturing and value chains. Prominent measures on enhancing the skillset of the country’s youth and incentivising them to join the formal sector is commendable. In addition, duty rationalisation on certain products like mobiles, marine items and leather and textile will boost export competitiveness. The decision to set up more integrated industrial parks and e-commerce export hubs will facilitate manufacturing output, boost domestic consumption as well as enhance trade and logistics activity”.
Trade
Shipping
Special Report
Port
Indian Economy
Transport & Logistics
© | Exim India. All rights Reserved.