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Captains of industry welcome Budget 2020, offer suggestions to FM

Head (treasury) of Lakshmi Vilas Bank R K Gurumurthy said tinkering with the personal tax and some structural changes in the way DDT

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Press Trust of India Coimbatore
Captains of various sectors of industry on Saturday welcomed the Union budget and provided suggestions to the Finance Minister Nirmala Sitharaman.

President of Tirupur Exporters' Association Raja M Shanmugham termed the budget as a people-oriented one.

Appreciating the focus on agriculture and farmers welfare, wellness and education and skills, Shanmugham, in a statement, said the measures announced in the budget would help overall development of economy.

He said the allocation of Rs 100 trillion for investment in infrastructure would lead to cut in logistics cost.

"As of now, poor logistics is one of the hindrance factors for attaining the export competitiveness by our units,"