BILKULONLINE
Mumbai, July 23:
“In light of the current economic conditions, characterized by shifting global trade dynamics, it is essential that the upcoming budget not only sustains but accelerates our growth trajectory. The previous budget’s focus on real estate and sustainable growth has set a solid foundation, yet further strategic measures are needed to fully realize PVC industry’s potential. The need to introduce R&D grants and tax incentives to drive innovation in green manufacturing, simplification of export procedures to enhance global competitiveness, and an accelerated infrastructure push using domestically produced materials to support local industries is crucial. Moreover, investing in skill development programs, encouraging Industry 4.0 technologies, and promoting eco-friendly practices through tax benefits and awards will foster a robust ecosystem, ensuring that our domestic industries thrive and our global competitiveness strengthens.
Additionally, India has witnessed the substantial growth of the PVC industry and, we believe that domestic capacity additions will serve this demand spike, in the years to come. Echon being India’s foremost manufacturer of PVC building materials and signage with over 25 years of global expertise, anticipates that the upcoming budget will include strategic measures to bolster the growth of the PVC industry. We advocate for incentives aimed at research and development, streamlined export processes, and sustainability initiatives. These measures will not only enhance the industry’s competitiveness but also significantly contribute to India’s broader infrastructural development.”