Steps to remove any bottlenecks to rising investment should be taken in the forthcoming Union Budget so as to further increase our capacity for growth.
Budget should focus on improving competitiveness of Indian exporters
CII Wishlist 2010
He says, "One is an extension of the ten-year income tax holiday which is called 80-IA for another 10-15 years. Second is the re-introduction of Section 10-23G which means lending to infrastructure developers and more remunerative for infrastructure financers, and thirdly sorting out the issue of multi-layered SPVs in terms of dividend distribution tax as well as gains from sale of equity in unlisted SPVs." Vinayak Chatterjee, Chairman, CII National Council on Infrastructure and Chairman, Feedback Ventures