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### Budget Expectations from ECON President Dr. J.K. Tayalia

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19 Jul 24
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### Budget Expectations from ECON President Dr. J.K. Tayalia

Udaipur: In light of the current economic conditions characterized by shifts in global trade dynamics, it is essential that the upcoming budget not only sustains but accelerates our growth trajectory. While the previous budget laid a strong foundation with its focus on real estate and sustainable development, more strategic measures are needed to fully realize the potential of the PVC industry. 

Introducing R&D grants and tax incentives to foster innovation in green manufacturing, simplifying export processes to enhance global competitiveness, and promoting rapid infrastructure development using domestically produced materials are crucial. Additionally, investing in skill development programs, encouraging Industry 4.0 technologies, and promoting eco-friendly practices through tax benefits and rewards will cultivate a robust ecosystem. This will ensure that our domestic industries thrive and our global competitiveness is strengthened.

Furthermore, India has seen substantial growth in the PVC industry, and we believe that domestic capacity expansion will meet the rising demand in the coming years. With over 25 years of global experience and being India's leading manufacturer of PVC building materials and signage, ECON hopes the upcoming budget will include strategic measures to boost the PVC industry's growth. We advocate for incentives aimed at research and development, streamlined export processes, and sustainability initiatives. These measures will not only enhance the industry's competitiveness but also significantly contribute to India's broader infrastructure development.


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