Farrokh Cooper, CMD, Cooper Corporation

Farrokh Cooper, chairman & managing director, Cooper Corporation says that the Union Budget for 2022 should emphasise measures to help the Indian economy recover from the pandemic and to boost consumption-led demand.

Autocar Pro News Desk By Autocar Pro News Desk calendar 19 Jan 2022 Views icon6599 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Farrokh Cooper, CMD, Cooper Corporation

Farrokh Cooper, chairman & MD, Cooper Corporation said that the Budget for 2022 should emphasise measures to help the Indian economy recover from the pandemic and to boost consumption-led demand.

According to him, “The auto industry expects relief from the Union Budget in multiple areas. To achieve sustainable growth, business communities should be encouraged to invest more in industry and businesses. I believe that the government should fix industry income rates for at least five years so that industrialists can make long-term financial planning and take appropriate decisions about investment in their industries.”

He said , “ the government is now encouraging businesses to establish large industries, and they should be treated equally with medium and small industries in terms of receiving timely payments from the government and private sectors so that they can pay small and medium enterprises. To boost exports, existing incentives must be increased. There is also a need to accelerate the GST refund procedure to provide liquidity to the industries. 

The industry is also eagerly awaiting news on the scrappage policy. Given the current market conditions, we anticipate significant initiatives to revive growth and boost investor confidence in the upcoming Union Budget”.

RELATED ARTICLES
Hyundai recalls 1,744 Ioniq 5 EVs to inspect integrated charging control unit

auther Autocar Pro News Desk calendar15 Jun 2024

Hyundai Motor India has cited a “potential issue in the integrated charging control unit (ICCU), which may discharge the...

Tata Motors looks to tap growing trend for personalisation in cars and SUVs

auther Autocar Pro News Desk calendar15 Jun 2024

The car and SUV maker expects the trend of mass customisation to transition into each car being a unique product, enable...

Hero MotoCorp to increase its stake in Ather Energy

auther Autocar Pro News Desk calendar07 Jun 2024

Hero MotoCorp, which is an early investor in Ather Energy and has been a part of the Bengaluru-based smart electric scoo...