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Budget expectation quote by Mr. Raunak Varma, Country manager, CNH Industrial,India

‘On behalf of CNH Industrial, a multinational with four manufacturing sites in the country, it is our hope that this new Government will work with the Industry as a partner to ensure that operations run efficiently in the country and that our customers are put in the position where they are able to gain maximum output with our equipment. To achieve on these points, there must be several actions. Firstly, we will require clarity and ease when it comes to investments policies in order to guarantee a reliable and stable environment for our current and future manufacturing projects. 

Next we have the topic of policy, where the private sector needs to be shielded from the impact of specific regulatory changes rather than bear the burden of implementing them without a deep assessment of costs - benefits and industrial lead time. We invest massively in advanced technologies and we also urge other stakeholders to join us in efforts to reduce pollution. In agriculture, which is a key industry for us as we locally manufacture New Holland tractors and Case IH harvesters, there are major topics which need to be addressed. Stubble burning is one of them and must be put on the agenda at national and local levels as it is a serious concern for the future health of soil and crops. 

Great attention must be given to land reform which is essential in order to boost agricultural efficiency further as well as infrastructure, another sector in which we operate through our brand CASE, with construction equipment that we also manufacture locally. While we acknowledge the complexities of land reform, improving upon it would massively impact productivity’.

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