Faizal E Kottikollon, Founder and Chairman of the UAE-based diversified conglomerate, KEF Holdings, which has operations worth USD150 million currently underway in India, said: “It is heartening to see the Indian Government adopt sturdier measures to benefit all sections of the population – especially small and medium-sized businesses, farmers, and much of the country’s population in need of better health, housing, education and general infrastructure provisions. The National Health Protection Scheme that is set to cover over 50 crore people is also a good initiative. With our growing business presence in India, I am especially pleased to see the reduction in corporate tax to 25 per cent. This is a significant move, and one that enables robust growth through private sector investment, which has been sluggish. Together with the impact of GST and greater opportunities for FDI, we will see India Inc. really shine in 2018.”
