HYDERABAD: From a pharmaceutical industry perspective, the Budget has again turned out to largely be a non-event. I did not see anything in the budget that will positively impact any of these fundamental issues.
Satish Reddy, Managing Director & COO, Dr Reddy's LaboratoriesThe higher the Government spends on rural infrastructure, irrigation and primary health, the more is the benefit for companies of infrastructure, pharmaceuticals and healthcare space. In a nutshell the budget tried to address some fundamental macro economic issues like inflation control without retarding the growth engine.
C. Parthasarathy, Chairman Karvy Group
The five-year tax holiday to 2/3/4 star hotels in national capital region on account of Commonwealth Games is a welcome move. The focus on improving road and urban infrastructure in the country will be a facilitator in the growth of both domestic and inbound tourism.
Prabhat Pani, CEO, Roots Corporation Ltd (Ginger Hotels)
For tourism industry, the budget is discouraging. Manhattan in New York alone has 1.10 lakh rooms in star hotels, while entire India has just one lakh rooms. The concessions offered in Delhi should be extended to all States.D. V. Manohar, Past chairman, CII- Andhra Pradesh unit.
I can only say that there are lot of hopes on tax relief, but the benefits given with one hand were taken with another.Laxminivas Sharma, President, A.P. Tax Bar Association.
It is a politically compounded budget.
There was no mention of reforms of labour laws.
M.J.Rao, Past chairman, CII-Andhra Pradesh