Overall budget is very rural focused and has many schemes to support farmers and rural healthcare. It will not have much impact on urban population for them it is status quo.
Increasing the eligibility for 25 % corporate tax from Rs 50 Crs to 250 Crs is a good move for MSME industries in that bracket.
There are no special steps to grow the exports. How 15 % growth in exports will be achieved is not clear.
Creating employment should have been one of the thrust factors, but except big outlay in infrastructure projects which will lead to large employment creation, no other measures are taken to make up the employment deficit from other sectors.
About DesignTech Systems Ltd.
DesignTech Systems Ltd. is a leading CAD / CAM / CAE / PLM Solutions, Additive Manufacturing technologies, and Engineering Services provider from India. With more than 19 years of experience we have been working with companies from cross vertical domains from India and overseas to support them in their most complex and challenging engineering initiatives while helping them derive best returns on their investments. DesignTech Systems is the only Platinum Partner for Siemens PLM Software in India, and have also forged strategic tie-ups with global leaders such as Altair Engineering for their HyperWorks suite of solutions, Stratasys 3D Printing Technology, MathWorks for MATLAB and SIMULINK, SLM Metal 3D Printing technology, and Solidscape high precision 3D Printing solutions.
For further information you can visit us at www.designtechsys.com
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Post Budget Reaction from Mr. Vikas Khanvelkar, Managing Director, DesignTech Systems Ltd.
