Chairman of CII Vijayawada zone, DV Ravindranath, opined, "The enhanced credit guarantee cover and customized credit cards for micro-enterprises are crucial for the growth of MSMEs. These measures will provide the necessary financial support to small businesses, enabling them to expand and create more employment opportunities"
VIJAYAWADA: The Confederation of Indian Industry in Andhra Pradesh has applauded the Union Budget 2025 presented in parliament by Finance Minister Nirmala Sitharaman on Saturday.
Addressing the media, CII-AP chairman V Murali Krishna hailed it as a progressive and growth-driven roadmap, which will be strengthening agriculture, MSMEs, startups, healthcare and infrastructure.
He said the increase in the income tax exemption limit to `12 lakh is a significant relief to the middle class, boosting their savings and increasing disposable income. This would support the government’s objective of uplifting household sentiments and spending power of India’s rising middle class, he said.
“The exemption of basic customs duty on 36 life-saving drugs, including those for cancer and rare diseases, will reduce the cost of treatment, making essential healthcare more accessible. The establishment of 200 daycare cancer centres in district hospitals will decentralize cancer care and reduce the burden on major hospitals.”
Chairman of CII Vijayawada zone, DV Ravindranath, opined, "The enhanced credit guarantee cover and customized credit cards for micro-enterprises are crucial for the growth of MSMEs. These measures will provide the necessary financial support to small businesses, enabling them to expand and create more employment opportunities."
Past chairman of CII Andhra Pradesh, D Ramakrishna, said, "The revised tax exemption for individuals earning up to `12 lakh annually and the rationalization of customs duty structure are welcome changes. These reforms will provide relief to middle-class taxpayers and promote domestic manufacturing, driving economic growth."
Past chairman of CII-AP, M Lakshmi Prasad, said, "The Prime Minister Dhan Bhanya Krishi Yojana and the Rural Prosperity and Resilience Programme are transformative initiatives for the agriculture sector. By improving irrigation, credit availability and addressing underemployment, these programmes will significantly enhance agricultural productivity and rural prosperity."
CII leaders Movva Ramakrishna, KSR Gopalan, S Narendra Kumar, K Abhinav, B Harineedu and others spoke.
