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Union Budget 2017-18 provides renewed impetus to manufacturing and Make in India

Budget - Dated:- 2-2-2017 - Commerce and Industry Minister Smt. Nirmala Sitharaman has welcomed the Union Budget 2017-18 presented by Finance Minister Shri Arun Jaitley which provides renewed impetus to manufacturing and Make in India, export infrast .....

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is proposed to be implemented, on the lines of the scheme in textile and apparel sector. 2. The long standing demand of startups has been accepted and the profit (linked deduction) exemption available to them for 3 years out of 5 years is changed to .....

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inues. 3. Further liberalisation of FDI policy is under consideration and the Foreign Investment Promotion Board (FIPB) to be abolished in 2017-18. 4. In order to make MSME companies more viable, income tax for companies with annual turnover uptoRs. .....

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ead of 10 years at present. 6. For creating an eco-system to make India a global hub for electronics manufacturing a provision of ₹ 745 crores in 2017-18 in incentive schemes like M-SIPS and EDF. The incentives and allocation has been exponenti .....

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acturing of medical devices, those used for digital transactions and capital goods have also been announced. 8. Infrastructure - a key pillar under the Make in India programme has been strengthened with a large budgetary allocation. The total allocat .....

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employment generator and has a multiplier impact on the economy. Incredible India 2.0 is proposed to be launched to promote tourism and employment. Five Special Tourism Zone, anchored on SPVs in partnership with the States would be set up. 10. Modern .....

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