As a leader in the Engineering Services sector, our company is at the intersection of two key industries – the manufacturing industry on the customer side and the IT services industry from a supplier perspective. Certain recent initiatives by the government such as the Corporate Tax cuts and incentivising the manufacturing of Electric vehicles are great boosters for manufacturing customers. These moves encourage them to invest more in newer products and allow Tata Technologies to leverage its Product Engineering expertise especially for Electric Vehicles
However, we believe the Government should continue to focus on ‘Make in India’ in the forthcoming Budget and provide further incentives for investment in manufacturing units. Further, GST rationalisation for Automotive products can provide great support to OEMs who have been fighting the continued automobile slowdown, while supporting the transition from BS4 to BS6.