Budget to boost economic growth: Gautam Singhania, CMD, Raymond

Gautam Singhania, Chairman & Managing Director, Raymond believes the Budget would boost India’s economic growth besides easing the process of doing business in the country. Singhania particularly appreciated the government’s decision to set up seven new textile parks under the Mega Investment Textile Parks scheme.

The increased outlays on infrastructure would help India create world-class infrastructure, he said. He also welcomed the government’s move to double the allocation for MSMEs to Rs 15,700 crore.

Singhania also hailed the government’s decision to introduce an alternate debt resolution mechanism and a special framework. The government also proposes to reduce the margin money requirement from 25 percent to 15 percent for startups.

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