Ajay Durrani, Managing Director, Covestro India view’s on Union Budget 2018

The budget is on the expected lines since this was the last budget of the current tenure of Narendra Modi-led government. As Finance Minister mentioned this budget is pro people and pro farmers. The thrust on agriculture and health related schemes and provisions will have a trickledown effect on various other sectors too. Operation Greens which has been allocated a sum of Rs. 500 crore is a good start. However, use of cold chains and solar powered dryers could have been incentivized. Nonetheless, the emphasis on building a research driven economy through Prime Minister’s Research Fellows (PMRF) Scheme is commendable, and is a right step in the direction of building an innovation driven economy. Policies such as imposing customs duty on electronics and electrical products will boost indigenous manufacturing and fuel more employment opportunities.”

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