Manufacturing sector seeks major reforms from FM

AS the Union budget FY25 is approaching, manufacturing sector is seeking major reforms from finance minister Nirmala Sitharaman.

- ARSHAD KHAN

There are expectations from the government to rationalise tax structure, give emphasis on R&D and introduce schemes such as PLI to improve competitiveness in the domestic as well as global market.

"The kickstart to boost the manufacturing sector has happened. The government is not only looking at foreign investment but is taking steps to ensure investment by Indian investors. There needs to be certain things on the ground to attract and support investment," Blue Star MD B Thiagarajan told TNIE.