/Budget Reaction: Vinu Cheriyan, CFO & Director Operations at Sennheiser Electronics India

Budget Reaction: Vinu Cheriyan, CFO & Director Operations at Sennheiser Electronics India

“The reduction of corporate tax to 25% for the companies below 250 crores, will certainly bring ease of doing business in the economy. The allocation of INR 3073 crore was much expected after government’s emphasis on demonetization towards making India a digital economy. The allocation of over INR 10,000 crores for building Wi-Fi Hotspots for the rural India, is surely a welcome move and will further strengthen the Digital India vision of the government.  2017 was significant for the telecom sector as India skipped from 2G to 4G with all the telecom players focusing on 4G.  The focus on creation and augmentation of telecom infrastructure in 2018-19 and efforts of government towards 5G is really applaudable.  The focus on manufacturing and the impetus given to skill development were much needed for job creation.”

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