Spokesperson: Mr. Gurmeet Singh, Chairman & Managing Director, Johnson Controls-Hitachi Air Conditioning India Limited
In the interim budget, we saw some of the announcements meeting our expectations, this budget did address the middle-class housing needs and the farming community expected to have a trickle-down effect for the AC industry. Our expectations from the Budget are high. The ACE industry is looking forward to the continuation of steps taken for the indigenization of the industry with a focus on domestic manufacturing, creating better employment opportunities and rural growth. In addition to that, we expect the government to take further steps towards strengthening the bourgeoisie as well as MSME sectors. The MSME sector has a big role in our sales, logistics, services, and vendor network. Facilitation measures taken by the government for this sector will help in the growth of the electronics business. In terms of policies, we are anticipating a reduction in the GST rates, especially for air conditioning products, to boost the ACE sector.
Mr. Singh is the President of RAMA (Refrigeration & Air Conditioning Manufacturers Association) Vice President (North) of CEAMA. He is also the winner of Merit Award-2016 by JCH-IN and “Man of Appliances” award by CEAMA for his outstanding contribution to the appliances industry. In his capacity as the president of RAMA, he is interacting very closely with various government bodies in the policy formation activities which will impact the entire Air Conditioning Industry.
