“India is a leading honey producer globally, yet domestic honey consumption remains low. The budget could prioritize incentivizing beekeeping to boost domestic honey consumption. Additionally, it can encourage the National Bee Board (NBB) to adopt a strategy similar to ‘Sunday Ho Ya Monday, Roz Khao Andey’ to tap into the potential of beekeeping, leveraging our high-quality honey production, which is often exported.
Furthermore, the government can enhance consumer trust in online honey purchases, fostering growth in the industry.
Investing in honey tourism programs has the potential to raise awareness about bees, generate revenue, and create new opportunities in rural areas.”
Mr Yusuf Galabhaiwala, Director of Operations, Galalite Screen & Lumina Screens
“As MSMEs operating in India, particularly as family-run partnership firms, the current tax burden of 30% places us at a disadvantage compared to private limited organizations enjoying a 22% tax rate. A reduction in the tax rate for partnership firms would not only level the playing field but also empower us to reinvest more working capital, fostering growth and sustainability. Furthermore, as manufacturers of cinema screens under the banner of Galaltie Screens, we advocate for the alignment of the movie ticket tax slab at 28%, mirroring the rate applied to OTT digital content (18%). This strategic adjustment has the potential to invigorate cinema attendance, offering a revitalized and immersive cinematic experience. Such a shift can play a pivotal role in providing a much-needed avenue for escapism, contributing to enhanced mental well-being, and bolstering the vitality of the entertainment industry.”
