‘Indirect tax simplification will deliver high exports’

Vipul Bhalla, Chief Business Officer, Pradhaan Air Express said, “The 2023 union budget reflects a continuation of the Government’s fiscal consolidation strategy. As India’s youngest cargo airline, Pradhaan Air Express is buoyed by the increased effective capital expenditure of 13.7 lakh crores and expected growth of 7% reflecting a bigger positive sentiment as compared to other world economies. Among other things, continuing the tax exemption for start-ups, reduction in Customs duties to spur domestic manufacturing, and allocation of 35000 crores for achieving net zero and Green growth are all welcome steps. Simplification in indirect taxes will also deliver higher exports and value addition in the economy. In related sectors, investments in Aerodromes and tourism, a boost for Electrical vehicles, semiconductors, and Lithium Ion battery manufacturing will all have a positive impact on air cargo capabilities and infrastructure. We believe the budget supports our economic recovery with improvements also expected in international and domestic air cargo volumes as the policies and measures unfold in the coming days.”