Chennai:
Murugappa Group has hailed the Union budget and said that it has
outlined a growth oriented approach, with positive initiatives in
important sectors including Agriculture, Infrastructure, Finance and
Power sectors.
A Vellayan, Executive Chairman of Murugappa Group said that the budget
has listed many schemes to boost the rural economy. “We look forward
to these measures to provide a fillip to the Agriculture sector
besides empowering farmers with the Rs 8.50 lakh crore agricultural
credit during the year,” he said.
Vellayan also said that his group welcomes the efforts to reduce the
cost of inputs through reduction of Special Additional Duty on certain
items, and the reduction of Basic Custom duty on 22 items with the
view to reduce the impact of duty inversion.
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