1. Continuing with the thrust on make in India the govt should also incentivise capacity expansion in existing industries which can go a long way in boosting capital investment and generating employment. Similarly in the Middle-East plywood is the second most imported item but Indian players are not able to compete with China, Vietnam in this market. Incentivising plywood exports can go a long way in establishing a much needed export market for Indian plywood.
2. Most of our dealers are partnership firms with a tax rate of 30% whereas corporate tax for companies with turnover of upto 250 crores is 25% only this anomaly needs to be corrected and will benefit a majority of plywood dealers and go a long way in making the sector more organised. The reduction of GST from 28% to 18% has been a great booster.
