“We have huge expectations from the upcoming Union Budget 2018, given it would be the last complete budget to be issued by the current Government. In the current tenure of BJP Government, India has soared high on the ease of doing business and we hope that the Finance Minister would continue relaxing the business environment in the country. To the same accord, we expect a relaxation on the import duty. Furthermore, the GST slab must also be reduced, in order to foster business. Lastly, on 14th December 2017, 10 to 15 % of the tax was asked to proposed by the government on the IP surveillance industry, which got implemented from the very next day. It came as a sudden setback in the industry, with vendors refusing to pay the same on payments that were in the process. WIth this budget announcement, we expect the same to be streamlined, in order to create a healthy business environment.”
By :
Sanjeev Gulati
Country Manager-India & SAARC
VIVOTEK
