Focused stimulus was best: Kurt Rippholz, group communications head, Volkswagen India
06 July 2009
Volkswagen Group, present in India with its brands Audi, Skoda and Volkswagen, welcomes the 2009-2010 Union Budget's aim to touch 8 per cent to 9 per cent level of economic growth.
In our opinion it seems that the best move possible made by the government would have to be the three focused fiscal stimulus package that they have come up with.
We also look forward to the proposal by the government to set up an expert group to advise on a viable and sustainable system of pricing petroleum products, as this will surely has an impact on the automobile industry.
India offers us a market with a promising future. The announced reduction on the basic customs duty on bio-diesel is great news for all companies working on environmental saving technologies.
Weightage has also been put on various other fronts, which we believe will lead to greater opportunities.