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.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Market Round-up - 1st September 2026 by Motilal Oswa...
India Glycols Limited Demerged into Three Entities
Adani Energy Solutions becomes highest ESG-scored ut...
How Women Can Restart Their Careers After a Break
Why Smartphone Refresh Rate Matters
How to Start Investing With Just Rs500 a Month
6.83 pc electric power tariff hike comes into force ...
PM Modi arrives at Bishkek`s Yrys Ordo Congress Hall...
CM Vijay to open sluice gates of Stanley reservoir f...
PM Modi, Xi, Putin & other world leaders sign declar...
