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India Inc welcomes Union Budget
Maruti Udyog's Managing Director Jagdish Khattar said, "It is a good budget and a forward looking one."
Captains of India Inc on Monday welcomed the Union Budget 2005-06 describing it as growth-oriented.
CII's (Confederation of Indian Industry) chief mentor Tarun Das said, "We are on a good wicket as far as the economy is concerned," and reforms are on track.
"There are several positives it is difficult to find negatives," he said.
Maruti Udyog's Managing Director Jagdish Khattar said, "It is a good budget and a forward looking one."
"Focus on employment is a welcome step. Bharat Nirman is a step in the right direction," Bharti Televenture head Sunil Mittal said.
Rajiv Karwal of Electrolux India said reduction of excise duty on air-conditioners from 24 to 16 per cent will help bring down the prices of the product between Rs 500 and Rs 1500.
This will also help imports.
