Industrialists Form Kerala Disappointed by the Budget

Published on: 02 Mar, 2013
Published under: General Kerala News, Kerala Business News

1 March 2013

Industrialists from Kerala who participated in the Budget viewing session organized by the Confederation of Indian Industries (CII) expressed their disappointment over the main proposals of the budget.CII (Kerala) vice chairman CJ George said, “Given the seriousness of the economic context in which the Budget is presented, the finance minister did not have sufficient measures for revitalizing the economy and its growth.” Though he tinkered with the economy here and there the proposals like the taxing of the super rich and the tax on corporate houses, etc will have a relatively dampening effect.

Shivdas B Menon of Sterling Farms said the proposal to increase allocation for the coconut replantation scheme will help Kerala. Coir industry will also benefit due to the incentives given to handmade coir carpets.


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