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Manufacturing now a high priority sector for investors: RC Bhargava, Maruti Suzuki

There is suddenly focus on manufacturing, making it a very attractive avenue for investment.

ET Now|
Updated: Sep 20, 2019, 02.59 PM IST
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Corporate tax reform will make manufacturing sector attractive now: Maruti Suzuki's RC Bhargava
Corporate tax reform will make manufacturing sector attractive now: Maruti Suzuki's RC Bhargava
Government step vis-à-vis new companies is specially innovative move, says RC Bhargava, Chairman, Maruti Suzuki. Excerpts from interview with ETNOW.

Do you think the announcements by FM will be a game changing move for the manufacturing sector? Would it kick-start the broken down capex cycle?
No, it is going to make manufacturing a very high priority sector for investors. What the government has done is a very major step. There is suddenly focus on the importance of manufacturing, making it a very attractive avenue for investment.

Ultimately what you want is a lot more investments and what they have said about taxation on new companies coming in is a very innovative and an extremely important step.

Do you think now capex will start? mean Maruti never stopped capex because rates were high but would you increase your capex at a time when slowdown is real because yes it makes sense for you to increase but demand is not there for autos?
No we were not impacting our capex in any way. The slowdown was not coming into play at all because we do not expect the slowdown to last too long.

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