Lagging behind in biosciences is not good for social security and strategic national security
Niche sectors such as robotics, will benefit hugely from skill development programs
Some steps to cover recycling cost of end-of-life product would have helped e-waste recycling sector
The fact that impact of demonetisation will not spill over to the next year augur well for industry
However, this will require investments in grid management and digitisation of the grid
More spends on the infrastructure & agriculture will put India on the growth path in the future
Focus on infrastructure is bound to channel lot of growth opportunities for downstream industries
Harmonisation of rules for medical devices will have a positive impact for healthcare sector
Assistance of up to Rs 75 lakhs to be provided to every e-NAM (National Agricultural Market)
Government aims to take strategic crude oil reserve capacity to 15.33 MMT with two new facilities
For passenger safety, a fund to be created with a corpus of Rs 1 lakh cr over a period of 5 years
It proposes zero customs and excise duties on certain items related to cashless transaction devices
It will amend Drugs & Cosmetics Rules to ensure availability of low-cost drugs & promote generics
Announces special scheme for leather & footwear industries for creating employment
More clarity in IPR regulations would benefit the industry & encourage R&D activities in India
Financial packages provided to industry have to be output based, reviewed on multiple key indicators
Budget should offer credits to chemical producers who demonstrate exemplary corporate citizenship
Tyre industry looks forward to announcements that will create a level-playing field Indian players
TUFS must be extended for another 5 years to enable companies to avail maximum benefit
Regional innovation is a must to transform horticulture, which can generate more income for farmers