#SuperBudget: Atal Innovation Mission will foster culture of innovation: Rajiv Gandhi, CEO & MD, Hester Biosciences

Rating the budget a 8/10, Rajiv Gandhi says, “There are lot of positives in this Budget. FM has focused on economic reforms and on reviving the investment cycle in the country. Setting up Atal Innovation Mission (AIM) and earmarking a budget of Rs 150 crore will foster a culture of innovation, R&D and scientific research in India. Launching three new National Institutes of Pharmaceutical Education and Research in Maharashtra, Rajasthan, and Chhattisgarh will also give a boost to the R&D in pharmaceutical sector. Proposal to reduce corporate tax from 30 per cent to 25 per cent and rationalisation of exemptions along with commitment to implement GST from April, 2016 are welcome steps.  All in all, it is a balanced budget. The Finance minister has delivered on the expectations.”