DuPont calls Union Budget 2018 forward looking

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director – Global Packaging for Asia Pacific at Johnson & Johnson

DuPont has welcomed the Union Budget 2018 calling it forward looking, which focuses on job creation with an emphasis on rural healthcare, education and employment along with raising disposable income of citizens to revitalize the economy post demonetization thereby encouraging stability and growth.

“Flagship schemes announced by the Prime Minister earlier in his term such as ‘Make in India,’ ‘Skill India’ and ‘Digital India’ have been strengthened to address the objectives of overall development. Steps taken towards making India a more tax compliant country are welcome and will boost tax buoyancy and growth,” said Sheril Vaidhyan, president, DuPont South Asia.

Vaidhyan applaud the enhanced focus on the agriculture sector that will help provide the resources necessary to help rural communities prosper and provide access to a safe, diverse and nutritious food supply across the country.

“It is encouraging to note the introduction of Operation Green to help rural farmers’ needs like food storage and crop distribution. Ground water irrigation and subsidies to farmers using solar power are positive steps to accelerate the agri-income support programs,” Vaidhyan said, adding that the minimum support price of all crops shall be increased to at least 1.5 times that of the production cost and the government would take some concrete steps towards bringing more efficient farming techniques to farmers located in far-flung areas of the country. “It will be heartening to see a well-defined program that supports crop insurance along with farmers’ credit.”

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