Budget_Reaction_Indo_Asian_Fusegear_Limited

 

Good Evening!

 

Indo Asian Fusegear Limited (IAFL), one of the leading electrical equipment manufacturers and largest CFL manufacturer in India, has welcomed the Union budget 2009-10. Kindly find the attached budget reaction of IAFL for your perusal.  

 

Warm Regards,

 

Tituraj Das

 

9871918187

 

 

 

 

 

 

Indo Asian Fusegear Limited welcomes

Union Budget 2009-10

 

New Delhi, 8^th July, 2009: The Union Budget 2009-2010 ensures continuity of policy and resolve to fight the global slowdown. The budget along with the railway budget will contribute to infrastructure development across the country. Impetus to help the rural and farm sector will generate demand for the manufacturing sector and will lead us back to 9% growth target. The budget, which is a spending budget, will help the country to re-energies and swiftly move back to the growth trajectory. We welcome the abolition of the Fringe Benefit Tax (FBT) and the roadmap laid for the implementation of the Goods and Sales Tax (GST) by 2010.

 

“We welcome the government extension of the scope of provisions relating to weighted deduction of 150% on expenditure incurred on in-house R & D to manufacturers like us. This will help our efforts to provide energy efficient solutions and innovate and improvise upon them. Though the CFL manufacturers have been asking for a further cut in the central excise duty from 4% but by maintaining status quo while raising Central Excise Duty to 8% on items other than CFLs the Government has shown its intent to promote the energy efficient CFL lamps”; said Mr P K Ranade, Joint Managing Director, IAFL.

 

For more details, please contact:-

Mr. Atul Kumar Indo Asian Fusegear Limited 95120-3096825 atulk.sharma@indoasian.com

Mr Tituraj Kashyap Das Adfactors PR Pvt. Ltd. 9871918187 tituraj.das@adfactorspr.com

 

 

Warm regards,
 
Tituraj Das

 

Account Executive
Adfactors PR Pvt Ltd
E-137, Okhla Industrial Area Phase-III
New Delhi-110 020
Board No: +91-11-40565100
Direct: +91-11-40565143
Fax: +91-11-26930131
Mobile: +91-9871918187
E-mail:tituraj.das@adfactorspr.com

 

Website: www.adfactorspr.com
 
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