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