SME Times is powered by   
Search News
Just in:   • Tourism growth and its inter-linkages  • Rate cut positive step, H2 growth likely to be better: Rajiv Kumar  • Exports decline in September  • Start-ups soon be able to sell products on GeM portal   • Conventional markets hit by e-commerce companies 
Last updated: 21 Sep, 2019  

Exports.9.Thmb.jpg Corp tax cut to push investment flow to exports: FIEO

exports-new012010.jpg
   Top Stories
» Start-ups soon be able to sell products on GeM portal
» US India strategic forum calls on PM Modi
» Govt committed to bolstering border infrastructure: Rajnath
» Indo-US trade negotiations on right track: Goyal
» Trade wars, protectionism impacting global trade, investment: FM
SME Times News Bureau | 21 Sep, 2019

Hailing the reduction in Corporate Tax Rate to 22% for domestic companies and 15% for new companies, FIEO President Sharad Kumar Saraf said that such reduction would attract much needed investment both through FDI route and domestic investment.

The timely move would also help in attracting investment from companies in China who are looking for new destinations for expansion or starting a new venture with an eye on US market, he said.

It will encourage investment in the existing domestic companies also giving them the scale to cater to the huge market of US & China, he added.

The technology companies in small segment may migrate to medium size companies with equity participation from overseas, the FIEO chief said.

The effective rate of 17.01% is very attractive as the similar rate in US is about 21% and in China about 25%. The reduced rate has given further stimulus to investors attracted to India as a market, he added.

Saraf said that the allocation of 2% CSR fund on incubators, IITs, national laboratories and specified agencies engaged in conducting research would not only establish industry academia relationship but would give a push to R&D and product innovation which is need of the hour in exports particularly as India is focusing now on sunrise sectors of exports.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 22 Oct, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» TradeIndia partners with Google to promote SMEs(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter