Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Union Budget

| More

Pre-budget Expectations from Mr. Kamlesh Patel, CMD, Asian Granito India Ltd

Posted On: 2019-07-02 18:07:33

"Tiles industry in India is estimated at around Rs. 35000 crore to Rs. 40000 crore and growing at healthy single-digit employing over 6 lakh people in direct and indirect employment. 40% of the industry is organized while 60% is with small players in Morbi, Rajkot and other clusters. The industry will continue to play an important role in the economic growth in the future and aim for global leadership in the industry and success of 'Make in India'.

We expect the government in its first budget of the second term to continue special thrust on the rural economy, social sector reforms, infrastructure and housing sector. Finance Minister needs to adopt softer interest rates for a time-being and roll out a bigger tax benefit for individual and corporate aiming at increasing the investment - capex cycle, giving a boost to demand cycle aiming healthy GDP growth.

Indian Ceramic industry would aim for a green and environment complaint industry and we welcome the National Green Tribunal ruling to shift to greener fuel. Further, the industry wants the government to ensure maximum compliance for GST and strict implementation of e-way bill.

Tile is an essential commodity and not a luxury commodity and essential in housing and Sanitation hence we request the government to lower the GST to 12% from the current 18%. Power and fuel (largely gas) costs account for around 20-25% of revenues for the tile industry and we would like the government to rationalise the same through lowering duties. To boost exports, we want the finance minister to introduce incentives for exports or exempt profit from exports as provisions earlier.

Special attention is required aiming at creating more employment opportunities in all sectors including strengthening Government departments, private sector and supporting the emerging entrepreneurs.

There is a lot of expectation from the new Finance Minister to increase in the basic exemption limit from Rs 2.50 lakh to Rs 5 lakh. If implemented in this budget, this will give a big boost in improving the consumption story and domestic demand scenario. The government in its first tenure had promised to cut the corporate tax to 25% from 30% at present and we would like to see some steps or direction in this budget.

Sanitation coverage in rural India has gone up from 42% in Oct 2014 to over 70 and we hope that we should soon achieve maximum coverage."

Shares of ASIAN GRANITO INDIA LTD. was last trading in BSE at Rs.238.15 as compared to the previous close of Rs. 248.45. The total number of shares traded during the day was 88696 in over 1484 trades.

The stock hit an intraday high of Rs. 249.9 and intraday low of 233.85. The net turnover during the day was Rs. 21222531.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Impact on NBFCs post budget - Mr. Santanu Agarwal, Chief Innovation Officer (CIO), Paisalo Digital Limited

Union Budget 2019 - Kumaresh Ramakrishnan, Head-Fixed Income DHFL Pramerica MF

Budget Reaction - Ankit Agarwal, Managing Director, Alankit Limited

Post Budget Reaction from CapitalAim

Budget 2019: Reaction - Debajit Roy, Country Director, QAD India - EV Industry

Budget Reaction - Aakrit Vaish, Co-founder and CEO, Haptik

Union Budget 2019 - Satya Kalyan Yerramsetti, Founder & CEO of Telebu

Budget Reaction - Pankaj Muthe, Program Manager, Academic Program, APAC, Qlik

Budget Reaction - Mr. Pradeep Dadha, Founder & CEO

Union Budget 2019 - Srini Raghavan, Founder and CEO, EI

Pankaj Khanna, Founder & Managing Director, Khanna Gems Private Limited

Budget Reaction - Puneet Gupta, Founder and CEO of AstroTalk

Post Budget Reaction - Mr. Anuj Gulati, MD & CEO, Religare Health Insurance (RHI)

Union Budget 2019 - Rashi Gupta, Chief Data Scientist & Co-founder, Rezo.AI

Union Budget 2019 - Ashutosh Harbola, CEO & Co-founder, Buzzoka

Union Budget 2019 - Neel Juriasingani, CEO & Co-founder, Datacultr

View on Budget from Commodity Market Perspective: Angel Broking

Union Budget 2019: Angel Broking

Reaction to Union Budget 2019 - 2020

Budget Reaction on education sector from Pearson India

Budget Reaction - Dr. M J Khan, Chairman, Indian Council of Food and Agriculture (ICFA)

Union Budget 2019 - Mrin Agarwal, Financial Educator, Money Mentor, and Founder of Finsafe India

Union Budget 2019 - Suman Chowdhury, President - rating at Acuité Ratings & Research Ltd

Union Budget 2019 - Rajshekar Kalluri, Managing Director at Global Insurance Brokers

Reactions of a Travel startup on the budget 2019

Budget Reaction - Mr. Mustafa Nadeem, CEO, Epic Research

Union Budget 2019 - Dhruv Agarwala - Group CEO -,, and

Budget Reaction - Brijesh Parnami, Coretree Wealth Advisory Services

Union Budget 2019 - Mr. Yashpal Agnihotri, Managing Director of Amila Group

Post Budget Reaction - Mr. Amit Gupta, CEO and Co-founder TradingBells

Union Budget 2019 Reaction - Umesh Khatri(Cofounder, COO &CTO), Rgyan - A Socio Spiritual Tech Startup

Union Budget 2019 Reaction - Ms. Sonica Aron, Founder & Managing Partner, Marching Sheep

Union Budget 2019 Reaction - Mr. Vivek Goyal, Co-Founder of PlayShifu, an augmented reality technology startup

DD channel for start-ups

Estimated savings/benefits of Rs. 59,599 crore upto March, 2019 under 'PAHAL' scheme

Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in SMEs

Digital repository of tribal cultural heritage

17 iconic Tourism Sites being developed into world class tourist destinations

Indian Development Assistance Scheme (IDEAS) to be revamped

Government to open four new Embassies in 2019-20

Government to consider issuing Aadhaar Card for NRIs with Indian Passports

Simplification and Ease of Living

Slew of Measures to Encourage Digital Payments

Faceless e-assessment to eliminate undesirable practices

Pre-filling of Income-tax Returns announced

PAN - Adhaar Interchangeability proposed

Lower rate of 25% Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore

Budget 2019 - Shridhar Venkat, CEO, The Akshaya Patra Foundation

Budget expectations - Mr Amit Saraogi, MD, Anmol Feeds Pvt. Ltd.

Budget Expectations - Mr. Aneel Gambhir, CFO, Blue Dart

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019