least 20,000 persons by 2017-18 .
In a bid to incentivize domestic value addition under Make in India initiative of the Government , the Finance Minister has proposed to reduce customs and excise duties on several items related to the renewable energy sector . This includes all items of machinery required for fuel based power generating system to be set up in the country for demonstration purposes ; systems operating on biogas / biomethane
Industry terms the budget a balancing act
Ms Kiran Mazumdar Shaw , Managing Director and Chairperson , Biocon called the budget safe . “ I was looking for a bold budget , had thought government would move out of safe zone . Poverty alleviation , general macro-economy is good but Finance minister could have reduced the corporate tax for bigger firms . That would have sent the directional message to other countries in terms of our competitiveness as well as right signals for FDI ,” she said in her budget reaction .
Dr Shivendra Bajaj , Executive Director , Association of Biotechnology Led Enterprises-
BIOVOICENEWS . COM 19