Investors termed the Union Budget as a demand booster that would make India self-reliant and reinforce the focus on a sustainable Growth. The Baddi-Barotiwala- Nalagarh Industries Association said that the Budget was balanced, progressive and visionary.
Schemes like the ECLGS or production-linked incentive (PLI) have been extended and a provision has been made to provide more for these. The credit guarantee scheme for micro and small industries will further be improved so that the Industry can avail of the maximum benefits, said president Rajinder Guleria.
To support the industry, 68 per cent of the DEFENCE budget would be spent on materials manufactured in India. The Union Government has increased Infrastructure expenditure substantially, which will generate more EMPLOYMENT and support the industry by generating demand. This will further aid Economic Development of the country, added Guleria.