One suggestion for the Finance Minister...

By 28 Apr 2017

We asked five top executives in the packaging and converting industry, what would be the one suggestion that they would like to make to the Finance Minister for the next Union Budget.


Amit Ray, Uflex Limited 

blockquoteI would earnestly request that India enters into a treaty/pact with Asean countries so as to enjoy zero import duty for trade. This will help India having a strong participation in the high growth - high demand Asean region. 



Kirit Modi, Horizon Packs

blockquoteAs the demand for better quality packaging from corporate clients as well as exporters increases by the day, corrugated box industry needs a better quality of paper than being offered in the market currently. The option of importing is not feasible on account of high customs duty being levied on it currently. ICCMA has been requesting the Finance Minister to allow import of packaging grades of paper at zero customs duty which would facilitate box industry to offer better quality options to the end-users which will definitely boost exports in the long-run and simultaneously allow domestic end-users also the benefit of light weighting and resultant fibre savings to the nation.


Ramesh Kejriwal, Parksons Packaging

blockquoteWith GST in the offing we should have a corporate income tax at 25% without any surcharge across all companies.



P Narendra, Pragati Offset

blockquoteI will do this in a lighter vein. My suggestion would be to the Prime Minister. He should choose a printer to be the Finance Minister. The printer is a financial wizard. He will not increase prices in-spite of every input going up. With a printer in charge of the finance, inflation and other thorny issues can easily be contained.



Gautham Pai, Manipal Technologies

blockquoteWhile we too are looking forward to implementation of GST this year, it is yet to be seen if this will create a level playing field for us. Being both labour and capital intensive, the print industry needs special attention from the government.

Tags: union budget



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