Budget 2023 Reaction - Manufacturing, Green Growth AGI Glaspac

Mr. Rajesh Khosla, CEO, and President, AGI Glaspac, said "We are happy with the Government's new initiative for promoting R&D in the pharma sector, to further help position India as a leading hub for R&D on the global stage.  We eagerly await to see how the relevant schemes and initiatives will strengthen the industry in the new fiscal year quarters.

The 2023-24 budget sets a positive trajectory for a greener and more sustainable future for India's economy. The emphasis on inclusive development and green growth, highlighted by the Finance Minister, aligns with global sustainable development goals. To stay competitive in the global market, it is crucial for manufacturing companies to meet ESG standards. The Green Hydrogen Mission, Green Credit Programme, PM-PRANAM, and GOBARdhan scheme emphasized in this budget will play a crucial role in meeting these standards, reducing carbon intensity, and creating numerous green job opportunities in this sector in India. This budget marks a significant step towards a more sustainable future for India."