2025-02-02 01:44:29 pm | Source: LIC Mutual Fund
Budget Reaction on Manufacturing Sector by Mahesh Bendre, Fund Manager of Equity at LIC Mutual Fund
Below the Budget Reaction on Manufacturing Sector by Mahesh Bendre, Fund Manager of Equity at LIC Mutual Fund
In the Union Budget, one of the prominent focussed areas is boosting Manufacturing in India and furthering “Make in India”.
- A scheme is expected to be implemented to support design capacity, component manufacturing and machinery required for production of non-leather quality footwear and support for leather footwear and products.
- To make India a global hub for toys, a scheme is expected to implement for the development of clusters, skills, and a manufacturing ecosystem.
- The government has announced incentives for power distribution reforms, allowing states an additional borrowing contingent on implementing reforms in electricity distribution and intra-state transmission. This is likely to boost power equipment demand.
- Govt also plans to develop 100 GW of nuclear energy by 2047 which is expected to create demand for nuclear power equipment.
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