Mr. Debashish Poddar, CEO, Birla Cotsyn Ltd. a Yash Birla Group divison
Friday, February 19, 2010
Mr. Debashish Poddar, CEO, Birla Cotsyn Ltd. a Yash Birla Group divison
Budget expectation…….and outlook We expect the budget to be bold and progressive…..since the entire world has signaled “” out of reccession”””…scene.. Being predominantly in textile business , we expect , reduction in the duty structure of textile machinery and better incentives to “”textile park””….. Export incentives should be increased…since a FE earner We expect extended TUF schemes … Textile companies wanting to invest in wind mill should get addl interest subsidy and accelerated depreciation benefits.. Infact we expect integrated textile companies to be given power subsidy …since textile companies carry the addl burden of social sector and employment…
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