and hybrid vehicles to our indian customers doorstep welcome the announcements related to infrastructure growth joe king head audi india we expect the steps announced by the finance minister to lead to an improvement in economic sentiment which will inturn benefit the automobile industry in the long term the decision to extend the cut in excise duty till december 31 announced earlier also augurs well for the industry we welcome the announcements related to infrastructure growth such as development of 100 smart cities and rural roads development also the auto industry will be one of the beneficiaries of increased savings due to direct and indirect tax proposals expected a timeline for the roll out of gst arvind saxena president md gm india the budget looks to be a reform oriented one as it focuses on infrastructural development education skill development agriculture irrigation health care etc given the condition of the economy the direction given in the budget is a positive one and the call for fiscal prudence is a welcome move the corporate sector was expecting a timeline for the roll out of gst but the governments intention to introduce gst and also the dtc after review are very encouraging news the steps outlined for the manufacturing power coal and mining sectors should spur economic activity going forward having said this a monitoring mechanism should have been in place to ensure timely implementation of the projects in these sectors as far as the automotive industry is concerned the focus on rural roads highways and expressways are welcome decisions some of the other announcements made by the finance minister on the taxation front are also positive steps these proposals and announcements made in the budget if implemented effectively should have a positive impact on industry and the economy as a whole going forward the challenge now is the implementation of the proposals our hope is that the market will respond favourably emphasis on manufacturing growth should help revive the capital goods sector vipin sondhi md ceo jcb india ltd given that this government has been in office for less than 2 months no big bang reforms were anticipated the union government recognizing the need for revival of investment cycle had already extended the excise duty cut on capital goods for another 6 months in june 2014 itself the budgets focus on infrastructure sector encouraging banks to lend long term funds to infrastructure sector extending the benefit of investment allowance to small and medium enterprises and emphasis on manufacturing growth should help revive the capital goods sector while ppp in relation to many new projects has been announced however a roadmap for execution of existing held up projects could have helped turn things quickly by nabeel a khan published on jul 10 2014 at 0755 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on