Hyderabad, Feb 28 (IANS) Pharma major Dr. Reddy's Laboratories has said that the union budget for 2015-16 has set the stage for growth in the medium to long term.
Satish Reddy, chairman of Dr. Reddy's, said the budget would serve well in setting the agenda for positive growth and ease of doing business.
"The budget is a clear one, with a focused growth trajectory for the next 3 to 4 years, broadly in line with the expectations of India Inc. The significant outlays on infrastructure of Rs.70,000 crore and power projects that will provide a much needed additional 4,000 MW, are steps in the right direction towards revitalising the investment climate in the economy," Reddy said in a statement.
Reddy is also of the opinion that the introduction of a bankruptcy law, on the lines of globally accepted norms, will go a long way to streamline business processes and loopholes, which is what India needs.
He, however, said the disappointing aspect was the grossly inadequate outlay of just Rs.150 crore for a fund that was announced to fuel innovation.
He feels that much more could have been done in this area, especially from a pharma industry perspective so as to really propel India's health care industry to a new level.
Prabhas and Kriti Sanon starrer Adipurush, hit the theaters this Friday amidst much buzz. A lot o
Maharashtra: Shiv Sena MLA furious over the poor quality of food, slaps employee
Shiv Sena MLA Santosh Bangar slapped an employee who was preparing a mid-day meal in Maharashtra'
Basic Education Department: Shyam Kishore Tiwari, Text Book Officer of the Basic Education Depart
Oppo F19 launched in India, these special features will be available with fast charging support
Chinese smartphone company Oppo has launched its new smartphone Oppo F19 in India. It has been la
Turkey's fashion brand Koton arrives in India
New Delhi, Feb 26 (IANS) Indian men can now jazz up their wardrobe with Turkish brand Koton&rsqu
A landslide occurred in the Selangor area of Kuala Lumpur, the capital of Malaysia. So far 9 peop
Russia has said that it has no doubts about the victory in the Ukraine war. He believes that vict
US President Joe Biden has made a big change in the country's policy regarding marijuana. He has
The process of withdrawal of Southwest Monsoon is in the final stages and it will withdraw from m
AAP should not lose to political immaturity: Jaitley
Varanasi, March 28 (IANS) Finance Minister Arun Jaitley on Saturday said the AAP government mus