CII President: No More Tax Relief Needed, Focus on Reforms & Manufacturing

• CII President Rajiv Memani believes the government has provided sufficient tax relief and major changes are not expected.
• Memani emphasized accelerating reforms and promoting 'value addition' in manufacturing as key budget priorities.
• He suggested replacing $300-350 billion of top imported items with indigenous alternatives within 12-36 months.
• Memani called for 'bold' disinvestment targets of Rs 75,000 crore to Rs 1 lakh crore to fund infrastructure, health, and education.
• He also proposed creating a 'Sovereign Wealth Fund' to enhance India's competitiveness.

Why It Matters: CII President advocates for accelerating reforms, boosting manufacturing, and bold disinvestment over further tax relief.