Saturday, February 28, 2015

Post-Budget Reaction by Mr. Sunil Khanna, President and M.D., Emerson Network Power India

We welcome the Union Budget 2015-16 as a pro-people and growth oriented budget. On the corporate front, the focus on infrastructure and the desire to make taxation regimes simpler as well as deferring GAAR by another two years, is a welcome addition. We look forward to a long-term and sustainable growth path as set by the honourable finance minister. Specifically from the perspective of Emerson Network Power, the plan for investment in infrastructure and enhanced rate of GDP growth at 8% for the next two years will augur well, spurring business momentum. We are particularly excited with the emphasis laid on the renewable and solar energy space as this will bolster investment in the power generation space and will drive overall growth for the economy since energy is key to 24×7 functioning of businesses.