“As a brand, Goldmedal Electricals has always been at the forefront of introducing ground-breaking and sustainable solutions that make our planet not only smarter but also sustainable”, says Mr. Kishan Jain, Director, Goldmedal Electricals Pvt. Ltd.
We welcome the measures announced by the Honourable Finance Minister Nirmala Sitharaman and the Government of India in the Union Budget towards boosting electronic manufacturing in the country.
The Union Budget 2022-23 has announced the easing of policies and has pledged to allocate INR 19,500 crore for PLI for the manufacturing of high-efficiency modules.
PLI in 14 sectors will help in generating 60 lakh new jobs and an additional production of INR 30 lakh crore in the next five years which is laudable.
Today, India’s manufacturing industry has incredible potential to place the country on the global manufacturing map, concurrently boosting several employment opportunities for India’s youth.
Further to this, the Finance Minister also announced duty concession for electronic items, this will in return further boost the sector, and enable the domestic manufacturing of high growth electronic items.
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The budget features a vigorous, expansionary attitude toward the manufacturing industry, as seen by the government’s incentives and enhancement of the PLI schemes.
Also Read: UNION BUDGET 2022-23
As a brand, Goldmedal Electricals has always been at the forefront of introducing ground-breaking and sustainable solutions that make our planet not only smarter but also sustainable for generations to come and support the government’s vision of Atmanirbhar Bharat.
