Engineering company Greaves Cotton Limited has said that Indian budget is a well-rounded one aiming to prep the economy for the $5 trillion climb
Nagesh Basavanhalli, MD & CEO, Greaves Cotton, said, “Budget 2019 lays emphasis on infrastructure, education, rural economy and certain structural reforms within GST and Banking sector aimed at boosting ease of doing business in India. Road map provided for reviving rural economy and farm income can have a multiplier effect on rural consumption, agri mechanization and boost expenditure. Incentives and GST reduction is welcome news for EV industry looking to make India an EV manufacturing hub.”
Greaves Cotton is a diversified and a leading manufacturer of Cleantech Powertrain Solutions (CNG, Petrol and Diesel Engines), Generator sets, Farm equipment, E-Mobility, Aftermarket spares and services.