Page 180 - B2B Connect

Budget cuts duties on polymers to give a boost to plastics industry

However, it has increased the excise duty on plastics bags (other than for industrial use) from 12 per cent to 15 per cent

Budget focuses on PPP play in the infrastructure sector: Jose Ruiz Hernandez

The budget seeks to increase public capex in the PPP format, which will instil confidence in private players to go for PPP models to expedite the development of roads and infra projects

US FDA grants approvals to Jubilant for hypertension and anti-allergic drugs

The company has received approvals for irbesartan and cetirizine (chewable) tablets

Glenmark receives US FDA approval for oral contraceptive Ashlyna

Ashlyna is an extended-cycle oral contraceptive tablets and a generic equivalent of Seasonique, which had recorded sales of $159 mn in 2014

Govt plans to set up drug price monitoring cells in India

The proposal has a component for setting up consumer awareness, price monitoring and resource units at the states/union territories

Dr Datsons Labs inks supply pact with Yemen's Al-Mugdh Pharma for anti-malarial drugs

The company is revamping its factory in Pune to cater to the overseas market and it estimates to receive orders worth Rs 80 crore from Yemen

Jubilant Life receives US FDA approval for asthma drug montelukast

The total market size for montelukast tablets - a generic version of Merck's Singulair chewable tablets - is estimated to be $83 million per annum in the US

Experts welcome inclusion of NCDs in draft National Health Policy

The promotion of alternate therapies like ayurveda, yoga and naturopathy can also result in providing cost-effective management of non-communicable diseases (NCDs)

Natco inks licensing agreement with US-based Gilead for hepatitis C drugs

The drugs include sofosbuvir, ledipasvir/sofosbuvir and the investigational NS5A inhibitor GS-5816

Budget is growth oriented as government focuses on infrastructure: Giles Everitt

However, there is no clear direction on excise duties and taxation which would have interested the manufacturing sector

Budget focuses on skill training for the youth: Samit Jain

Ease of doing business seems to have been focussed on the large sector; however, more could have been done for easing of rules for the MSME sector

Budget lays a foundation for strong economic growth: Sudhir Shenoy

The proposal to reduce customs duty on key manufacturing components such as ethylene dichloride, vinyl chloride monomer, butyl acrylate, etc are welcome changes

Budget emphasises on investing in rural infrastructure: Rajesh Aggarwal

The allocation of Rs 5,300 crore towards micro-irrigation, watershed development initiatives is a particularly welcome measure

There is no immediate relief for stainless steel sector from budget: Rajiv Rajvanshi

With large scale dumping taking place, industry expected an increase in duty on finished stainless steel products and scraping of duty on input materials such as SS scrap and nickel

Budget emphasises on the bottom of the pyramid: Ravichandran Purushothaman

The renewed PPP Model where the Government will absorb majority risk will encourage private investors in the cold chain sector

A balanced budget with multiple focus areas: Hemant Kanoria

Overall, budget is a very progressive budget which has focused on infrastructure, agriculture, ease of doing business, skill development and job creation

Budget has positive announcements for infrastructure and power sectors: Anil Chaudhry

Investments in infrastructure being increased to Rs 70,000 crores should spur renewed interest in many projects across the country

Government to set up AIM to nurture innovation culture

Atal Innovation Mission (AIM) will involve academics, entrepreneurs and researchers to foster a culture of innovation, R&D and scientific research in India

MSME sector took centre stage in the Budget: R Narayan

The allocation of Rs 1,000 crore for technology startups showcases government's trust in young technology businesses

Budget aims to boost domestic manufacturing with duty cuts in raw materials

Industries such as electronics, medical devices, metals, fertilisers, etc likely to gain with a series of cuts in customs and excise duties on raw material inputs