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Budget 2018 will Incentivize Domestic Manufacturing and Make In India

Mehernosh Pithawalla, VP & Global Head – Marketing, Sales & Innovation, Godrej Security Solutions

The Union Budget 2018 has given the much needed importance to infrastructure, safety and comfort of passengers by announcing the highest ever capital expenditure plan in the history of railways. With the redevelopment of 600 major railway stations being taken up by Indian Railways Station Development, the ‘Safety First’ policy is definitely the cornerstone of railways towards safety of passengers. The decision to provide CCTVs at all stations and on trains to enhance security of passengers is a commendable decision as it is the need of the hour. The proposal to expand the airport capacity to more than five times of the present 124 airports that the Airport Authority of India has, to handle a billion trips under the new initiative- NABH Nirman, also will call for the need for increase in the adoption of security surveillance for the security of passengers. We welcome the proposed changes in customs duty which will create more jobs in the country and incentivize domestic manufacturing and Make In India in the electronics sector. ')}


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