Post Budget 2019 Reaction by Mr. Kishan Jain, Director, Goldmedal Electricals

As the Indian economy is poised to become a 5 trillion dollar within the next few years, there is an enormous opportunity for Indian companies to grow and flourish. Government’s impetus on provision of electricity connection to every rural Indian family was a much needed reform. Also, as energy efficient products & solutions are seeing increased adoption, we are pleased with the government’s UJALA scheme of distributing approximately 35 crore LED bulbs and promoting the use of LED bulbs across the country. This will provide a tremendous boost to companies such as Goldmedal that have been at the forefront of introducing  energy-efficient solutions such as LED lighting. Additionally, the Government’s proposal to provide INR 100 lakh crore investment in infrastructure over the next 5 years along with an increased focus on Make in India, will provide a further fillip to companies looking to set up manufacturing facilities in the country.

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