Mr. Mukul Somany, Joint Managing Director, Hindusthan National Glass

Removal of customs duty on soda ash which accounts to 10 to 12% of production costso Zero import duty on packaging machinery. Lower excise duty to be continued on glass packaging to boost employment. Lower input costs on capital goods, infrastructure development, new technology, etc for the domestic packaging industry. Packaging materials is one area where most FMCG companies have expectations from this year’s budget. The reduction in excise duties on commodities, removal of customs duty on soda ash and lowering of inputs costs for packaging companies would drive the growth in the processed foodssector for domestic consumption as well as exports.

Mukul Somany