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India s first Fenton Catalytic Reactor project thrown open by GESCSL
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Vaccine shortage: Businesses tense ahead of Gujarat s compulsory vaccine deadline
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AHMEDABAD/SURAT/ VADODARA: After having battled Covid-induced disruptions and slowdown, businesses are now looking at 2021 with great hopes of recovery. Several industrial sectors are expecting far-reaching measures in the forthcoming Union Budget for 2021-22 to boost economic revival.
Special policy needed to boost APIs production
To become self-reliant in drug manufacturing, the pharmaceutical industry wants a special policy and investment-based tax incentives for APIs (pharma raw materials) manufacturing in India Currently, the industry is heavily dependent on China for APIs.
The Indian Drug Manufacturers Association also called for strengthening healthcare infrastructure in rural and semi-urban areas, and it has suggested a weighted tax deduction of 200% on the amount spent for such infrastructure activities. The other demands of the sector include Customs duty exemption to medical devices, applying 12% GST on medical grade alc
Finance Minister
Nirmala Sitharaman. (PTI)
Union Finance Minister Nirmala Sitharaman on Wednesday, said that newer investments by private players were an indicator that the demand seen post Covid-19 lockdown is sustainable. The minister was attending a virtual interaction with office bearers of Gujarat Chamber of Commerce and Industry (GCCI)
Stating that the government is “increasingly feeling the revival of the Indian economy is not just happening due to the pent up demand which remained during the lockdown,” Sitharaman said, “The sustainability of the revival is something which I believe, is seen because many private investors, big corporate leaders - particularly those who relate to core sectors - are showing interest in newer investments. When newer investment are being planned by big industry, it is a very encouraging sign, because when new investments happen from the private sector, it means it comes because they are confident that there is demand pickin
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