Budget is a step towards creating more employment avenues: Samson Khaou

Move to reduce corporate tax for MSME will boost exports & manufacturing at large

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Samson Khaou, MD, Dassault Systemes India

BS B2B Bureau New Delhi

Last Updated : Feb 02 2017 | 11:45 AM IST

Finance Minister Arun Jaitley’s 2017 union budget is a step towards creating more employment avenues across multiple industries and pushing MSME growth.

Post demonetisation, the move to reduce corporate tax for small companies to 25 percent with annual turnover upto Rs 50 crore will prove to be a welcome relief for the cash strapped MSME sector. About 96 percent of the MSME’s will benefit from this move and it sets government’s objective clear of making India competitive globally. This will boost exports and manufacturing at large.

Further, the budget outlines initiatives like setting up of India-International skill centers and allocation of significant

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