Budget, a small step in manufacturing: Kalyan Bhattacharya

Kalyan Bhattacharya, President & CEO, Birla Power Solutions

Budget 2010-11 is more like a small step, rather than the expected big leap, in strengthening the manufacturing sector. With regard to the power sector, the focus on ‘Clean Energy’ and the decision to establish a National Clean Energy fund will encourage companies such as BPSL to invest more in renewable energy, including solar power. However, the decision to increase the excise duty from the current level of 8.24% to 10% will increase our costs and make our existing range of power products dearer.