Mr Rajeev Kapur, MD, Steelbird Helmets & President, Two Wheeler Helmet Manufacturers Association
Mr Rajeev Kapur welcomes the move of the Government to reduce corporate tax by 5% for companies having turn over upto 400cr was a long pending reform and says this will create extra space for mid size companies to invest more into research, development & capacity creation. Besides, the focus area of E-vehicles will also help auto sector to transform rapidly and create a level playing field for new innovation in mobility.
In the budget, Government has shown it’s intent on two other key areas that is strengthening rural roads and national highways which is a step worth applauding as it will lead to better conditions and network of roads, significantly reduce the fatal accidents, reduce the health care burden and improve the overall connectivity.